The year 1947 is when Mian Mohammad Mansha was born in Pakistan. The first billionaire from Pakistan. Born during the troubled Partition winter of 1947, when his parents were traveling from India to Pakistan with other Muslim families. In 1951, his father and uncles started a textile business called Nishat Mills.
Mian went to college in the UK, and when he finished, he joined the family business. One year after his return, his father died. Eventually, he and his uncles went their separate ways, and he took over the family business in West Pakistan. (Later, the East Pakistan division lost all of its money.) His Nishat Group is now Pakistan’s biggest private employer and the country’s biggest exporter of cotton clothes (for brands like Gap).
It also invests in power projects, cement, and insurance. Smart bet in banking: Won a controversial bid for Muslim Commercial Bank in 1991, when the government was trying to sell off public assets. More than half of his MCB shares were sold in May 2008 for $900 million.
Read more :
- Robert Kardashian Jr. Net Worth 2022: How Does Rob Kardashian Make His Money
- Clint Eastwood Net Worth 2022: Early Life, Career, Personal Life And Other Less Known Facts
- Blake Lively, Before And After Plastic Surgery: Why And What’s The Truth Behind Surgery?
- Did Karamo Brown Have Any Plastic Surgery in 2022? Learn All The Details Here
Mian Muhammad Mansha: Net Worth 2022
Mian Muhammad Mansha’s Net worth is 1 billion as of 2022.
|Age||73 YEARS OLD|
|Residence||Lahore, Punjab, Pakistan|
|Alma mater||University of Punjab|
Mian Muhammad Mansha: Early Life Details
In the 1930s, Mansha’s family moved from Punjab to the city of Kolkata, Bengal. After British India was split up in 1947, the family moved back to Punjab, Pakistan. Mian Muhammad Mansha’s father started a business that ginned cotton, which grew into the Nishat Textile Mills.
Mansha was born into a wealthy family in Faisalabad. He went to Sacred Heart Convent in Faisalabad for his early education. Later, he went to Hendon College in London to study business administration at a higher level.
Mian Muhammad Mansha: Personal Life Details
In 2008, Daily Pakistan named Mansha the richest Pakistani. At the time, he had a net worth of US$2.5 billion, which was equal to Rs 200 billion. Mansha was the first Pakistani to make the Forbes list of billionaires in March 2010.
Mansha owns a red E-class Jaguar convertible, three Mercs, a Porsche turbo, a BMW 750, a Range Rover, and a Volkswagen. He also has a turboprop plane and an eight-seater jet.
Mian Muhammad Mansha: Career Details
He began his work life as one of Pakistan’s most famous businessmen. His father and uncles started Nishat Textiles Mills in 1951. His father died a year after he got back from London in 1968, where he had gone to school. In 1969, Mian Muhammad Mansha joined the family business.
Eventually, he and his uncles had a falling out, and he took over the family business. In 2013, he was worth $2.5 billion. In addition to making big purchases, he also grew his Nishat Textiles segment at the same time. Nishat Textiles Mills makes more fabric than any other mill in Pakistan. A five-star hotel in London is owned by Mansha.
After 1979, Mansha built the biggest textile complex in Pakistan in Nishatabad, which is in the city of Faisalabad. It is made up of seven factories. In later years, Chunian, near Lahore, got a second textile complex.
Mian Muhammad Mansha: Achievements And Awards
Mansha is one of the most powerful and influential people in Pakistan. He is on the boards of a number of important institutions there. On March 23, 2004, Pervez Musharraf, who was President of Pakistan at the time, gave him the Sitara-e-Imtiaz civil award. Nishat Textile Mills Limited, which is owned by Mansha, is the largest exporter in Pakistan. Mansha is also a Sheikh, and every evening he leads the Dhikr prayer.
Mansha is also a member of the Atlantic Council’s board of directors.