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Friday, September 13, 2013

List of some hotel magnates

There are many people who achieved remarkable success in hotel industry and made a fortune out of this industry. Below is the list of some wealthy hotel moguls. Some of them founded hotel chains, some invested in hotels and other inherited hotel empires.
 The list is not in any specific order.
  1. Prince Karim Aga Khan. is involved in many businesses including hotel chains, horse racing and breeding operation. Prince Khan has a net worth of $800 million estimated by Forbes magazine in 2010. His holding includes Serena hotels chain, through AKFED.
  2. Prithvi Raj Singh Oberoi runs Oberoi group which owns and manages chain of luxury hotels called Oberoi Hotels & Resorts. Pirthvi is the  son of  Mohan Singh Oberoi, founder of Oberoi hotels chain. His net worth, as of October 2012, estimated  by Forbes is $460 million.
  3. Sheldon Adelson owns Las Vegas Sands, which operates hotels and resorts around the globe. according to his profile on Forbes magazine he has net worth of $26.5 billion.  
  4. William Hilton owns international hotel chain of Hilton hotels. he has a net worth of $2.5 billion.
  5. Donald Trump is Chairman and president of The trump organization and founder of trump entertainment resorts. his worth is $3.2 billion in 2013.
  6. Mohamed Bin Issa Al Jaber is a Saudi billionaire who owns and invests in hotels through his company JJW Hotels & Resorts.Forbes has put his net worth for the year 2013 at $7 billion.
  7. Barbara Carlson Gage  is worth $4.1 billion and owns Carlson inc. along with her sister Marilyn Carlson.
  8. Marilyn Carlson Nelson is a co-owner of Carlson Inc. along with her sister Barbara Carlson 
  9. Karen Pritzker is a member of Pritzker family, well known for ownership of Hyatt hotel chain and Marmon Group of companies. She has a net worth of $3.2 billion.
  10. Anthony Pritzker has a net worth of 3 billion US dollars. He is one of the son of billionaire Donald Pritzker and inherited Hyatt hotel empire.
  11. Jay Robert Pritzker is another child of Donald Pritzker. Estimate of his fortune is $3 billion.
  12. Kar Po Law 
  13. Thomas Pritzker  is another of Pritzker family and Forbes magazine has put his worth as $2.3 billion 
  14. Richard Marriott is a billionaire who owns $2 billion. he runs Host Hotels.
  15. John Pritzker is another member of wealthy Pritzker family and is co-founder of Commune Hotels & resorts. 
  16. Penny Pritzker is another Pritzker family member and has $1.85 billion. She is famous for her political role during election compaign. Presently she is Secretary of Commerce in Obama's cabinet. 
  17. Bill Marriott has a net worth of $1.75 billion.He stepped down as CEO of Marriott.
  18. Elaine Wynn
  19. Linda Pritzker is a heir to Hyatt hotel fortune and is worth $1.65 billion.
  20. Dinshaw Avari  is a Pakistani parsi tycoon from Karachi. He along with his family owns and operates Avari hotels. His net worth is estimated to be $410 million according to rich list 2013.
  21. Sadruddin Hashwani is a billionaire tycoon from Pakistan. He is the chairman of Hashoo Group which owns Marriott and Pearl Continental hotels in Pakistan. Marriott Islamabad is the first hotel to get Marriott franchise. His net worth in 2010 was estimated to be $1.1 billion.
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hotel and resort industry

Saturday, February 16, 2013

Tycoon once again spells the magic.

Malik Riaz signed an agreement with His Highness Sheikh Nahyan to construct world’s tallest building in Karachi. The project will be worth 45 billion us dollars. Of the total 45 billion US dollars 10 billion US dollars will be invested in Lahore and Islamabad and other 35 billion US dollars will be invested in Sind. In addition to the tallest building sports club, educational and media city will also be constructed. The project also includes construction of miniature of Seven Wonders of the World. Construction project will boost 55industries including cement industry, bricks industry, electrical industry, iron and steel industry and glass industry. The project also encompasses generation of electricity from sea water. According to the statement the project will provide employment to 2.5 million people.

Nahyan is Chairman Abu Dhabi group, which is largest foreign investing group in Pakistan. The group has its investment tin many sectors of the economy. Bank Al Falah, Warid and Wateen Telecom companies etc are some big names that are owned by the Abu Dhabi group. Sheikh Nahyan is also recipient of Pakistani highest civilian award hallal e Pakistan.

Malik Riaz is a Pakistani tycoon who is the founder of Bahria Town. Malik Riaz has completed this project as an example for the country’s real estate developers. As much as 100000 families are dependent on bahria town for their livelihood. He belonged to a business family. At a young age the Business of his family was collapsed and he was forced to start his practical life as a clerk in Military Engineering Service. Then he started his entrepreneurial career as a small government contractor and achieved unprecedented success as a businessman.

Malik riaz is famous for his remarkable quality of maintaining good relations with many important political personalities even when they are at daggers drawn with each other. He also enjoys cordial relationship with many in military and civilian establishment of Pakistan.
Malik Riaz is a great philanthropist as well. He helped flood affectees and provided ransom for the freedom of Pakistani hostages from Somali pirates. 
According to the Newsweek the net worth of the tycoon is around 6 billion us dollars. These days his son takes care of the Bahria Town as its CEO.
Malik Riaz has started and completed many projects ancillary to Bahria Town in collaboration with many international and foreign contractors in order to provide world class residential facilities to the residents of Bahria Town. Malik riaz has brought Thomas Kramer as well as Sultan Nahyaan to invest in Pakistan along with him.
Thomas Kramer is leading global networker and an entrepreneur, who has to his credit major construction projects around the world, including Miami Beach, in USA. He has a net worth of 90 million us dollars. He is working on many large scale projects including a mixed use tower in Germany, mega development project in Brazil including a five star hotel etc.
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Wednesday, February 13, 2013

Pakistan's Logistic Giant

Agriculture sector contributes a lion share in Pakistan’s GDP. But presently Pakistan’s 40% agricultural produce is lost because of bad logistic infrastructure. And this company is experimenting with ways to provide logistic services to Pakistani agriculture sector with only three to four percent loss.
Starting from four employees, it now has over 400 people as its employs. With 700 customers including many national and multinational companies, it takes care of whole process of logistics including shipping, trucking and warehousing.
The company was started by Abid Butt in 2005, who earlier worked for a French logistic giant Geodis. At that time, in Pakistan, no one was available to provide end to end solution, so initial idea was to provide all services including trucking, warehousing and shipping etc by the same company. This led the company’s name being e2e supply chain management (pvt.) ltd. i.e. end to end supply chain management (pvt.) ltd. In 2011 butt’s company had around 76 million us dollars in annual revenues. The company grew 1918% from 2008 to 2010 and was nominated as Pakistan’s fastest growing private company by AllWorld network in 2012. Initial investment in e2e supply chain management (Pvt.) ltd. was arranged by him and his friend and was 1 million rupees (nearly 20000 us dollars at that time) each.
Company’s founder Abed butt is a LUMS graduate with a major in economics and also holds an MBA from INSEAD. After graduating from LUMS, Pakistan’s leading business school, Abid worked for Maersk. Later on he joined Geodis, and was posted in Paris.
He started his business from Karachi, Pakistan’s industrial and commercial heart. He started his entrepreneurial career by resigning from Geodis, risking a steady career growth. At that time he was making 15000 euros per month.
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Thursday, January 31, 2013

Increase in salaries and allowances of top judges.

President Zardari has approved 20 percent increase in the salaries and judicial allowances of superior court’s judges. This approval was given on the advice of prime minister.
According to the presidential order the monthly salary of chief justice has been increased from Rs. 448221 to Rs. 537865. Previously cumulative monthly salary and allowances of Chief Justice was Rs. 724321 apart from other perks and privileges.
According to the details produced in senate previous year, Chief Justice also gets a chauffeur-driven car with 600 liters petrol monthly, free medical treatment for his family, rent free accommodation which is maintained by the Government and provisions to electricity, gas and water.
Salary of the other judges of the apex court has been increased from Rs. 423414 to Rs. 508097.
Increase in the judicial allowance of the apex court’s judges has also been ordered. The judicial allowance of the judges of the apex courts has been increased from 196219 to rupees 235463.
The chief justice of all high courts will receive 498509 rupees which was previously 425426 rupees. The salaries of other judges of the high courts will be increased from 399447 to 479336 along with judicial allowance increased to rupees 188370 rupees.

Wednesday, January 30, 2013

Acquisition by Abu Dhabi Group

Abu Dhabi group has reacquired 100 percent stakes in Warid Telecom. The group has expanded its operation by buying Singapore telecommunication limited’s share. Earlier According to SingTel, Warid would be sold for a loss of approximately186 million us dollars. SingTel acquired 30 percent shares in warid, in 2007, at the price of 758 million us dollars. 
Warid started its operation, in Pakistan, in 2005. Bashir Tahir led the team for bidding and acquiring license for operating telecom network.
By acquiring 30 percent shares in phone operator the group has become the sole owner of the telecom company. The group has the owner of being single largest foreign investor in Pakistan. Abu Dhabi group already has diverse and huge investments in different sectors of Pakistan’s economy. The group has heavy stakes in banking, agriculture, energy, real estate, hospitality and health care. Investments by the group include Bank Alfalah, Warid telecom, Wateen telecom, Alfalah Securities (Pvt.) ltd, Alfalah GHP investment management limited, United Bank Limited, and Al Razi healthcare.
The group is led by Sheikh Nahayan Mabarak al Nayhan, member of the royal family of Emirate.