Top 10 richest presidents of U.S.A.

With the election of Donald Trump as next U.S. president, America is going to see the richest President all time.  Earlier the richest one was founding President George Washington with worth of 580 million U.S. dollars. Below is the list of richest presidents along with their wealth, in 2016 dollars. The figures represent peak wealth.

1.       John. F. Kennedy ( more than 1 billion $)

He along with his family owned more than 1 billion us dollars. His family fortune was created by his father John Kennedy, who made money from commodity trading and real estate investing.

2.       George Washington (580 million dollars)

He was an industrialist and entrepreneur. He sat up his own distillatory for making alcohol. Moreover he owned more than 8000 acres of land. President Washington estimated worth in today’s dollars is 580 million $.

3.       Thomas Jefferson (234 million dollars)

He was third president of United States. His net worth was 234 million $.  He inherited vast fortune but ended up in debts, in later part of his life.

4.       Theodore Roosevelt(138 million dollars)

He owned 138 million dollars. He was born to prominent and wealthy New York family and became 26^th U.S. president.

5.       Andrew Jackson(131 million dollars)

Andrew Jackson was 7^th president of United States. He owned 640-acare plantation called hermitage situated near Nashville. He was among first three investors who founded Memphis.

6.       James Madison (112 million dollars) 

112 million dollars president Madison after inheriting some land from his father, he eventually owned 5000-acres.  He became the largest land owner of Orange County, Virginia.

7.       Lyndon b. Johnson. (108 million dollars)

After inheriting small piece of land, in Texas, he eventually built it up into expensive 1500-acre ranch. His wife also owned radio and TV station in Austin, Texas.

8.       Herbert Hoover (82 million dollars)

A mining engineer by profession amassed huge stakes in different mining companies.

9.       Bill Clinton ( 75 million dollars)

He unlike other presidents, Clinton didn’t inherited family fortune. He made his fortune during his tenure as Arkansas Governor and later as President. He also received 15 million$ advance for his autobiography in 2005. President Clinton is one of the highest paid keynote speakers.

10.   Franklin D. Roosevelt (66 million dollars)

32^nd President of United States owned 66 million dollars. Like other wealthy U.S. presidents much of his fortune was inherited.

Rise of Sudairi Brothers

‘Sudairi Seven’ was powerful alliance of seven full brothers within the house of Saud, royal family of Saudi Arabia. Sudairi seven, seven sons of King Abdul Aziz and Hassa bint Ahmed al sudairi, are largest block of full brothers. Now they along with their sons and grandsons have become important power centre in Saudi royal family.  Sudairi seven included:-

1.       King Fahd,
2.       Prince Sultan ,
3.       Prince Abdur Rehman ,
4.       Prince Nayef,
5.       Prince Turkey,

6.       King Salman,  and
7.       Prince Ahmed.

Bandar bin Sultan house, has been sold to hedge fund billionaire

Polygamy and half siblings.

Polygamy is rampant among Middle Eastern royals. The major reason of marrying many women is to build alliances with other tribes. Assabiyya or group spirit is very strong in Arab tribes. Member of tribe is supported through thick and thin by the other members of clan. The whole tribe stands with the tribal chief. This makes the tribal chief a powerful and influential person in society. When any tribal chief marries daughter of other tribal chief, whole of his wife clan support him in his power struggle. This makes tribal society of Arab world most suited for monarchies.

Polygamy gives rise to many half siblings. The group cohesion among them is less as compared to full siblings. Sudiari seven are largest block of full brothers among sons of first king Abdul Aziz. Owing to their assabiyya they wielded powerful influence. King Faisal, who was not from seven sudairi brothers, relied heavily upon the sudairi brothers in his powerful struggle against king Saud, the second Saudi king. King Faisal continued to favour the sudairi brothers as his allies and appointed them in key posts.

Competence, assabiyya, number, interest in politics and wealth

Besides assabiyya and their number, their rise can be attributed to their intense focus on politics rather than business. Unlike their half brothers they tended to be interested in politics. After being appointed in important posts like interior minister, defense minister and governor of Riyadh, they acquired valuable experience. Their children has also acquired experience in dealing with the outside world for example prince Bandar bin sultan who is son of prince sultan has remained face of Saudi lobby in United States for many decades.

Their number is 7 while their sons and daughters can number in hundreds. For example the deceased Prince Sultan has thirty-two children by his multiple wives. Their vast wealth helps them in the political arena. Prince sultan distributed his 270 billion us dollars among his sons in order to shore up their political position. Hence their competence, assabiyya, number, interest in politics and huge wealth led them to be most powerful alliance within Saudi royal family.

Although sudairi brothers support each other against other princes, each attempts to form, with his sons, another power group.

Sudairi kings

 ‘Sudairi seven’ influence grew since the eldest of them rose to the position of Monarch. The king Fahd who ruled Saudi Arabia from 1982 to 2005 was one of the sudairi brothers and was the eldest of sudairi brothers. He led the sudairi faction in the initial years of their rise.

King Salman, the incumbent monarch, is also from sudairi seven. He became king after the death of king Abdullah. King Abdullah established the family council to reduce the suadiri’s influence but later on changed his mind in order to secure position for his own son. 

Pakistan's top tax payers

FBR, Pakistan’s Tax collecting agency has recently issued the list of top tax payers in the country. Pakistani tax laws provide for 4 categories of tax payers. Following are the categories

Salaried individuals,

Non-salaried individuals,

AOP, and

Company

The tax payers include top executives, entrepreneurs and high net worth individuals.

Following is the list provided by the FBR.

Salaried Individuals:

Tariq Nisar, tax payable/paid Rs189,910,478; Mohammad Naeem Mukhtar, Rs159,149,750; Muhammad Waseem Mukhtar, Rs158,858,269; Hassan Mansha, Rs149,423,639; Sheikh Mukhtar Ahmed, Rs147,855,957, Sohail Nisar, Rs105,657,657;

Khalil A Sattar, Rs93,288,432; Anjum Nisar, Rs80,983,805; Arif Habib, Rs80,681,004; Madiha Mehmood Moulvi, Rs67,582,338; Mian Umer Mansha, Rs64,828,437; Muhammad Yasin Malik, Rs58,599,486; Iqbal Alimohamed, Rs58,168,344; Fazal Ahmed Sheikh, Rs55,751,010; Muhammad Shoaib, Rs54,717,751; Rafiuddin Zakir Mahmood, Rs54,312,821; Faisal Mukhtar, Rs 54,167,795; Shuaib Anwer Malik, Rs51,076,156; Arpad Konye, Rs49,862,638; Waqar A. Malik, Rs44,415,066; Syed Babar Ali, Rs43,505,178; Uzair Saboor, Rs41,266,844; Aftab Faizullah Tapal, Rs40,097,924; Pervaiz Afzal Khan, Rs39,578,741; Mohammad Anwar Pervez, Rs38,733,282; Saima Shab Malik, Rs36,638,766; Atif Bajwa, Rs36,020,888; Mian Raza Mansha, Rs

34,969,949; Shamim Ahmed, Rs 33,562,048;

Atif Riaz Bokhari, Rs 33,112,789; Naved Abid Khan, Rs 32,303,687; Rashid Naseer Khan, Rs

31,966,552; Ricardo Guillermo Cordova Alban, Rs 31,352,079; Malik Amanat Khan, Rs30,963,744; Hussain Dawood, Rs29,993,841; Naushaba Khalil, Rs29,837,249; Syed Ali Javaid Hamdani, Rs29,745,236; Iqbal Ali Lakhani, Rs29,625,310; Fawad Ahmed Mukhtar, Rs29,546,012; Adil Khalil Sattar, Rs28,133,957; Amin Mohammad Lakhani, Rs26,870,151; Sikandar Mustafa Khan, Rs26,224,754; Siraj Jaffrani, Rs26,223,089; M. Farhan Hanif, Rs25,617,840; Saad Iqbal, Rs25,445,391; Zameer Mohammad Choudrey, Rs

25,320,022; Abid Hussain, Rs24,901,110; Syed Ali Akbar, Rs24,758,615; Junaid Shamim, Rs24,721,681; Shoaib Shamim, Rs24,085,957; Ovais Shamim, Rs23,918,738; Irfan Siddiqi, Rs

23,729,898; Zubair Shamim, Rs23,355,326; Laeeq Ud Din Ansari, Rs23,213,655; Arshad Riaz Fazail, Rs23,072,138; Mohammad Shoaib, Rs22,878,391; Abdul Salam, Rs22,642,265; Shahzad, Rs

21,935,820; Naz Mansha, Rs21,825,381; Shahbaz Yasin Malik, Rs21,256,927; Lars Christian Luel, Rs21,142,743; Badar Kazmi, Rs21,138,926; Naveed Arshad Fazail, Rs21,129,653; Dr M.S. Habib, Rs

20,862,016; Roar Bjaerum, Rs20,720,722; SM Kashif Qaseem Ud Din, Rs20,637,695; Grame Douglas Amey, Rs20,578,984; Kumail Aftab Tapal, Rs20,436,264; Muhammad Ali Tabba, Rs20,240,800; Amin A Hashwani, Rs20,162,114; Mehvish A Tapal, Rs20,000,593; Liubov Guskova, Rs19,813,634; Nauman K Dar, Rs19,688,632; Rashida Tapal, Rs19,663,377; Abdul Hameed Agar, Rs19,506,793; Farzana Firoz, Rs19,498,174; Andre Nel, Rs19,473,633; Jehangir Firoz, Rs19,124,263; Sohail Bashir Rana, Rs18,814,094; Aurangzeb Firoz, Rs18,520,588; Abdul Aziz, Rs

18,516,069; Shahid Yasin Malik, Rs18,463,355; Anwaar Ahmad Khan, Rs18,137,263; Jahangir Khan Tareen, Rs18,130,622; Ehsan Ali Malik,

Rs17,885,412; Imtiaz Hamad Khan, Rs17,859,328; Karl Erik Broten, Rs17,435,358; Peter Day, Rs

17,328,403; Ahmed Khizer Khan, Rs17,127,375; Muhammad Rafique, Rs17,048,424; Latif Khalid Hashmi, Rs16,996,864; Abdul Razzak S Dawood, Rs16,779,806; Fawad Yousuf, Rs16,667,383; Umair Amanullah, Rs16,487,173; Jhon Seward, Rs

16,434,922; Aftab Ahmad Khan, Rs16,399,329; Danish Iqbal, Rs15,857,529; Asif Jooma, Rs

15,721,467; Tariq Khamisani, Rs15,376,005; Javed Iqbal, Rs15,346,500; Babur Sultan, Rs15,309,994

Non-Salaried Individuals

Irfan Usman, Tax Payable/Paid Rs749,008,253; Wazir Ali Pardhan, Rs210,332,864; Tariq Rafi, Rs

174,246,502; Muhammad Irfan Ghazi, Rs

117,179,385; Sh Jhanzeb Jilani, Rs104,780,291; Abdullah A. Hashwani, Rs100,131,932; Sheikh Wajahat Ali, Rs98,363,593; Farrukh Ijaz, Rs96,964,775; Muhammad Akram Khan Panazai, Rs95,509,632; Iqbal Ahmad Qarshi, Rs84,362,395; Muhammad Ameen, Rs83,375,785; Asifa Malik, Rs80,634,780; Iqbal Naeem, Rs78,390,180; Sher Muhammad Mugheri, Rs77,243,231; Sabir Hussain, Rs75,084,388; Farhan Hanif, Rs

73,142,703; Alam Khan, Rs71,051,166; Siddik S.Jaangda, Rs68,574,255; Aamir Zia, Rs68,125,766; Falak Sher Awan, Rs66,678,108; Haji Sirajuddin, Rs66,324,515; Abdul Samad, Rs63,628,741; Ali Mehboob, Rs57,477,619; Ali Jehangir Siddiqui, Rs57,249,652; Syed Abdul Manan, Rs56,447,033; Nelofar Sikandar, Rs53,529,363; Qalander Bux Abro, Rs53,356,908;

Muhammad Tehreem Shamim, Rs 53,083,878; Tariq Chobdar, Rs52,575,479; Muhammad Aneeq Siddiqui, Rs52,488,217; S.M. Ashfaq, Rs52,216,103; Shahid Ansari, Rs52,048,375; Malik Muhammad Mukarram, Rs51,886,071; Muhammad Dawood, Rs49,725,378; Liaquat Ali Gondal, Rs49,282,666; Rabnawaz, Rs48,660,492; Manzoor Hussain, Rs47,612,252; Muhukum Uddin Solangi, Rs46,964,804; Muhammad Riaz, Rs 45,463,685; Mohammad Saleem, Rs44,922,249; Abdul Jabbar, Rs44,674,656; Muhammad Waris Panhwar, Rs44,344,256; Muhammad Akbar Sheikh, Rs44,289,527; Ejaz Ahmed Dogar, Rs 43,709,625; Muhammad Tariq Butt, Rs42,422,376; Sabz Ali, Rs39,793,113; Naeem Ali Muhammad Munshi, Rs38,927,581; Nisar Ahmed Dogar. Rs

38,563,185; Amin Muhammad Lakhani, Rs38,517,189; Mian Mohammad Jahangir, Rs

37,834,401; Muhammad Usman, Rs37,529,538; Saifullah Mangat, Rs37,463,832; Muhammad Atif Butt, Rs37,328,546; Dilawar Hussain, Rs37,166,425; Mohammad Umair Kara, Rs

36,898,227; Ahmad Ghezal Usmani, Rs

36,181,766; Abdul Waheed Shaikh, Rs35,700,855; Zeeshan Arshad, Rs35,540,911; Ammil Raza Mansha, Rs35,521,875; Niamatullah, Rs35,187,558; Ayoob Eusoof, Rs35,076,600; Wajid Iqbal, Rs34,814,616; Anil Kumar, Rs34,725,317; Pervaiz Shakeel, Rs34,610,484; Mohammed Ahmed Chobdar, Rs 34,414,163; Sultan Ali Kamruddin, Rs34,294,574; Mansoor Ahmed Soomro, Rs 33,880,026; Mohammed Sabir, Rs

33,847,558; Zamir Ahmed Qureshi, Rs33,536,504; Aziz Hasan Jillani, Rs33,486,038; Faisar Mehmood, Rs33,435,252; Maqbool Ahmed Soomro, Rs 33,339,191; Muhammad Rafique, Rs

33,302,711; Muhammad Atif, Rs33,251,530; Shakir Ahmed, Rs33,235,379; Imran, Rs33,235,379; Amir Amin Kothawala, Rs 32,939,226; Zaitun H. Jan Muhammad, Rs

32,852,562; Zahid Amin Sethi, Rs32,830,957; Zor Alam, Rs32,574,385; Saleem Zakaria, Rs

32,521,971; Shahid Majeed, Rs32,294,104; Khan Ayaz Khan, Rs32,256,830; Muhammad Kashif, Rs

31,683,423; Malik Mushtaq Ahmed, Rs31,606,421; Jahangir Siddiqui, Rs31,566,375; Mohammad Shakeel, Rs 31,512,743, Gulbano Hasan Ali, Rs 31,213,846; Ebrahim Qassim, Rs31,183,290; Mohammad Iqbal Shaikh, Rs30,863,501; Abdul Qader, Rs30,565,958; Ronaq Iqbal Ali Lakhani, Rs 30,444,703; Waqas Aftab, Rs

30,297,262; Mumtaz Ali Chandio, Rs

30,136,960; Shazia Arif, Rs29,734,662; Mohammad Najeeb Haroon, Rs29,625,113; Mohammad Muqeet, Rs29,542,025; Iftikhar Ahmed, Rs29,439,873; Muhammad Farooq, Rs

29,273,343; Rasheed Khan, Rs29,185,972

ASSOCIATION OF PERSONS

LTHJV, Tax Payable/Paid Rs496,882,503; United Agro Chemical, Rs 464,893,376; Limak Jv Zkb, Rs

424,226,717; Zahir Khan & Brothers, Rs384,895,596; Chawla International, Rs

357,433,819; Advance Telecom, Rs231,960,765; Kingcrete Builders, Rs223,181,907; United Mobiles, Rs 217,779,874; Triple Tree Associates, Rs210,177,344; Descon-Ccc Joint Venture, Rs 172,649,975; Wr Edible Oil Refinery, Rs 171,263,860; Zafar Enterprises, Rs 153,574,140; A.F. Ferguson And Co., Rs 140,711,931; Dbh Joint Venture Projects, Rs134,749,136; Habib Construction - Ikan Jv, Rs134,280,851; Saadullah Khan & Brothers Engineering & Construction, Rs

126,851,510; S.M. Jaffer & Company, Rs

124,614,948; Eko -Krc (Joint Venture), Rs

119,052,042; Niaz Muhammad Khan And Brothers, Rs110,160,293; Rajby Industries, Rs

97,768,036; M Irfan M Aamir Construction (Mima Construction), Rs96,714,838; Haji Muhammad Shabir Ch. Nazir & Co., Rs 86,687,866; Ernst & Young Ford Rhodes Sidat Hyder., Rs84,726,066; Kpmg Taseer Hadi & Co., Rs82,480,509; Tayyab Manzoor Tarar, Rs 79,850,001; Wazir Ali & Company, Rs73,728,419; Teletec Enterprises, Rs

68,875,982; Werrick Pharmaceuticals, Rs63,469,852; Nkke (Jv), Rs62,314,770; Sparco-Clic Joint Venture, Rs61,830,419; Shafique Brothers And Company, Rs60,582,986; Muhammad Ramzan & Company, Rs59,054,448; Wilsons Pharmaceuticals, Rs57,162,719; S. Ejaz Ud Din & Company, Rs56,832,072; Crescent Corporation, Rs55,759,206; Hantex, Rs54,940,039; Khattak Allied Construction Company, Rs53,967,219; Gourmet Foods, Rs

52,874,139; Saadat International, Rs51,873,837; Neie-Lac (Joint Venture), Rs51,183,579; Aman Autos, Rs 50,193,912; Al-Kamal International, Rs

50,080,044; Chief Machinery Corporation, Rs

48,013,666; Haji Abdul Sattar & Co, Rs46,641,618; Green Stone Corporation, Rs46,547,076; Multilynx, Rs 45,152,140; Friends Enterprises, Rs

45,108,210; Pakistan Rubber & Tyre Co, Rs

43,859,437; Kamal Textile Mills, Rs 42,625,533; Shafiq Construction Company, Rs 42,493,372; U.M Enterprises, Rs 42,140,749; United Towel Exporters, Rs 42,138,805; GKG, Rs 41,812,402; Jamaluddin & Company, Rs 41,724,427; Iftikhar & Company Contractors, Rs 40,953,982; Baba Enterprises, Rs 40,366,018; Nafcon Construction,

40,040,147; Elcon Associates, Rs 39,801,538; Muhammad Faisal Ghafoor, Rs 39,005,768; RMC Construction Company, Rs 38,391,730; Inland Construction Company, Rs 36,882,648; Unique Trading Company, Rs36,550,945; Imran Ship Breaking Co., Rs36,355,040; Qasim Khan & Company, Rs35,832,614; Construct, Rs35,492,899; Kazi Nisar Ahmed Pirzada & Co, Rs35,445,003; Al-Hamza Trading Company, Rs35,236,187; Fashion Knit Industries, Rs34,394,033; S.S. Enterprises, Rs34,226,571; Riaalaw, Rs 34,149,093; Choudhery Construction Company, Rs

33,647,308; Shaheen Freight Services, Rs

33,641,143; Ch Engineers Associates, Rs 33,252,943; Ss Fashion Resources, Rs 33,251,530; Plastochem Corporation, Rs32,595,465; Rachna Agri Business, Rs32,553,140; Sattar Electronics,

32,135,867; Jubilee Corporation, Rs 30,136,384; Advance Business Systems, Rs 30,109,915; Zahoor Die Casting Co., Rs30,072,930; Kaghan Trading Company, Rs30,067,098; Kanpa International Sales, Rs29,809,227; Adamjee Enterprises, Rs

29,632,055; National Tent House, Rs29,498,725; Aq Enteprises, Rs29,480,328; Zain Ul Abideen And Sons, Rs29,398,532; The Legend, Rs29,342,277; Al-Hamza Trading & Ship Breaking Company, Rs29,321,325; A & B Productions, Rs

28,904,812; Asif Brothers, Rs28,877,725; Pinggao-Potential Jv, Rs28,555,197; Transfab, Rs

28,297,503; Haji Said Muhammad And Sons, Rs

28,239,681; Amir Rice Traders, Rs28,105,446; M. Yahya M. Yousuf Bari, Rs27,243,493; Iqbal Rice Mills, Rs26,924,165; Agro Industrial Solutions, Rs

26,867,009; Shaheen Enterprises, Rs26,554,220; Dha Bahria Town Joint Venture Project, Rs

26,540,772; Cot Link International, Rs

26,388,916; Hub Pak Salt Refinery, Rs26,104,853

Companies

Oil And Gas Development Company Limited, Tax Payable/Paid Rs36,963,745,646; Pakistan Petroleum Limited, Rs15,404,269,282; Habib Bank Limited, Rs11,786,705,153; Government Holdings (Private) Limited, Rs10,756,321,121; Fauji Fertilizer Company Limited, Rs 9,898,049,256; Muslim Commercial Bank Limited, Rs9,589,120,400; Pakistan State Oil Company Limited; Rs7,946,259,287; United Bank Limited, Rs6,588,129,067; Pak-Arab Refinery Limited, Rs

6,213,915,419; Eni Pakistan Limited, Rs

5,145,178,569; Civil Aviation Authority, Rs

5,100,197,646; National Bank Of Pakistan, Rs

4,486,609,700; Kot Addu Power Company Limited, Rs3,916,656,945; Bhp Petroleum Pakistan Pty Limited, Rs 3,456,964,686; Allied Bank Of Pakistan Limited, Rs3,358,099,795; Bank Al-Habib Limited, Rs3,197,816,366; Pakistan Telecommunication Authority, Rs3,140,132,933; Pakistan Oilfields Limited, Rs2,739,043,233; Kirthar Pakistan B. V., Rs2,682,810,578; Unilever Pakistan Limited, Rs2,353,785,690; Habib Metropolitan Bank Limited, Rs2,209,280,571; Pepsi-Cola International (Pvt) Limited, Rs

2,175,666,033; Eni Pakistan (M) Limited S.A.R.L, Rs 2,139,436,878; Standard Chartered Bank (Pakistan) Limited, Rs2,050,011,450; Fauji Fertilizer Bin Qasim Limited, Rs2,046,773,876; United Energy Pakistan Limited, Rs1,876,002,340; Indus Motor Company Limited, Rs1,822,993,007; Eni Aep Limited, Rs1,728,376,093; Attock Petroleum Limited, Rs1,659,963,223; Mari Petroleum Company Limited, Rs1,616,940,173; Bank Alfalah Limited, Rs1,539,981,471; Nestle Pakistan Limited, Rs1,498,936,479; Meezan Bank Limited., Rs 1,427,078,960; Zarai Taraqiati Bank Limited, Rs 1,414,868,346; Omv (Pakistan) Exploration Gesellschaft M.B.H., Rs1,385,103,872; KP Exploration 2 Limited, Rs 1,294,291,629; Qasim International Container Terminal Pakistan Limited, Rs 1,293,414,906; Chevron Pakistan Limited, Rs 1,231,140,751; Pkp Exploration Limited, Rs 1,168,372,650; Karachi International Container Terminal Limited, Rs 1,162,191,804; Fauji Foundation, Rs 1,094,064,396; Shell Pakistan Limited, Rs 1,085,084,121; National Refinery Limited, Rs 1,065,977,142; Millat Tractors Limited., Rs 1,043,149,828; Tapal Tea (Private) Limited, Rs 1,025,292,744; Al-Ghazi Tractors Limited, Rs 960,833,557; Pakistan Security Printing Corporation (Private) Limited, Rs

960,367,365; Pkp Kirthar 2 B.V, Rs 950,543,986; Abbott Laboratories Pakistan Limited, Rs 895,030,776; Rafhan Maize Products Company Limited, Rs 876,938,659; The Attock Oil Company Limited, Rs 857,052,275; Pkp Kadanwari 2 Limited, Rs 818,143,871; Presson Descon International (Private) Limited, Rs 807,783,382, Askari Bank Limited, Rs 769,993,779; Colgate-Palmolive (Pakistan) Limited, Rs738,675,258; Procter & Gamble Pakistan (Private) Limited, Rs

669,685,838; Nishat Mills Limited, Rs

668,373,334; Pakistan Refinery Limited, Rs

662,120,349; Descon Engineering Limited, Rs

660,231,773; PKP KIRTHAR B. V., Rs

651,803,541; Khadija Edible Oil Refinery Pvt Limited, Rs648,397,015; Glaxo Smithkline Pakistan Limited, Rs640,940,231; Huawei Technologies Pakistan (Private) Limited, Rs

637,939,012; Pepsico Investments Europe I.B.V, Rs

626,847,327; Pakistan Tobacco Company Limited, Rs613,558,083; Kufpec (Pakistan) B.V, Rs606,366,866; Thal Limited, Rs604,025,223; Lucky Cement Limited, Rs593,207,938; MOL PAKISTAN OIL & GAS COMPANY B. V., Rs

581,818,532; PKP Kadanwari Limited, Rs

563,813,985; Getz Pharma (Private) Limitted, Rs

555,996,520; Attock Cement Pakistan Limited, Rs

555,898,652; Dawlance Electronics (Private) Limited, Rs554,129,798; Educational Services (Private) Limited, Rs531,655,881; The Coca-Cola Export Corporation, Rs524,887,388; PAK SUZUKI MOTOR CO. LIMITED, Rs513,605,147; Pakistan Mobile Communications Limited, Rs

509,356,994; Unilever Overseas Holding Limited, Rs500,555,433; Atlas Honda Limited, Rs

494,413,732; Efu Life Assurance Limited, Rs

477,548,482; United Refrigeration Industries Limited, Rs476,091,352; Cargill Pakistan Agri Foods (Private) Limited, Rs455,658,203; Novartis Pharma (Pakistan) Limited, Rs445,673,972; Mapak Edible Oils (Private) Limited, 441,570,357; Trading Corporation Of Pakistan (Private) Limited, Rs434,844,350; Pakistan Services Limited, Rs428,731,650; Telenor Pakistan (Private) Limited, Rs427,579,061; Reckitt Benckiser Pakistan Limited, Rs421,977,892; State Life Insurance Corporation Of Pakistan, Rs410,727,775; Sitara Chemical Industries Limited, Rs404,910,290; Habib Construction Services (Pvt) Limited, Rs403,495,849; Murree Brewery Company Limited, Rs401,342,406; Pakistan International Container Terminal Limited, Rs397,552,545; The Bank Of Khyber, Rs 396,640,829; Dalda Foods (Private) Limited, Rs394,332,240; Attock Refinery Limited, Rs

385,058,343; Tahir Omer Industries Limited, Rs

373,311,786; Bata Pakistan Limited, Rs372,108,292; International Power Global Development Limited, Rs370,427,288; Franklin Templeton Investment Funds, Rs356,442,524; Zhongxing Telecom Pakistan (Private) Limited, Rs

353,117,065; Sea And Land Drilling Contractor Inc, Rs351,648,623; Pakistan Reinsurance Company Limited, Rs349,905,068; Pak China Investment Company Limited, Rs347,293,852; Gold Trade International Limited, Rs338,506,598; and K & N’s Foods (PVT.) Limited, Rs333,372,420

Related Link

FBR List

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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Prince Karim Aga Khan.

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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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the news

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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money matters jang

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.

Waste Management entrepreneur

Pakistan generates nearly 56000 tons of solid waste daily in urban areas only, and it is increasing at the rate of 2.4% annually. This solid waste is an opportunity for entrepreneurs.

This waste can be recycled, used to produce liquefied petroleum products, or electricity.  There are advanced waste-to-energy conversion technologies that are commercially viable and sustainable. Presently Fauji Cement Company is using municipal solid waste to produce electricity.

Garbage is not only a cheap source of producing electricity but it can also be used to produce fertilizers. It is profitably being converted to fertilizer by an entrepreneur from Lahore.

Asif Farooqi is a green entrepreneur. He is CEO of waste buster, a waste management company. He is the pioneer of the waste management business in Pakistan.

Some years earlier he started with 6 donkey carts that collected waste from house to house. Now his business waste buster has 200 garbage collection vehicle and employees 3000 people. His business is not only about making money but also conserving environment as well.

Mr. Farooqi informed in a report of al Jazeera that what started from six donkey carts has become a business employing three thousand people and all this money is generated from waste. His men collect garbage and other waste from narrow streets of Lahore and deliver to factory through garbage collection vehicles. His waste management plants separate garbage into organic, plastic and metals to produce liquefied petroleum products, and fertilizers for farmlands. 

Asif Farooqi holds masters degree in environmental engineering from northwestern university, USA with specialization in waste management. He has more than 20 years of experience in the field of environmental engineering. His company waste buster is based in Lahore. Many contracts have been won by the waste busters in Karachi and other cities of Pakistan.

 related links.

dawn

south asia investor review

al Jazeera

Iqbal Zafaruddin Ahmed

Iqbal Zafaruddin Ahmed is a Pakistani entrepreneur and philanthropist. His business group, Associated group, was founded by Iqbal and his father. It was 1965 when they laid the foundation of this energy group.

Today his group has become the largest producer, transporter and marketer of liquefied petroleum gas in private sector. The member companies of this group are jamshoro joint venture limited, lub gas, mehran LPG, Pakistan Gasport limited, AG omnimedia, AG publications, and associated estate developer. This group has revenues in excess of 200 million us dollars.

The group has extended its interest in the media and property development by launching AG omni media, AG publications, and associated estate developer.

Iqbal Zafaruddin Ahmed is a self made businessman who started business at the young age of 16. He was born in Patna, India to Z. Z. Ahmed, who later becomes deputy inspector general police (Pakistan). Iqbal Ahmed has been featured in Newsweek international and Forbes. His family has produced lawyers, judges, politician, and bureaucrats. Some leading names from his family include moulvi Ziauddin Ahmed, first Indian to serve as DIG (deputy inspector general) Bombay sindh presidency. Pakistan’s ambassador Riazzuddin. Former (Pakistani) Supreme Court Justice Sabihuddin Ahmed was his cousin.

Mr. Iqbal played an important role in improving Pakistan US relations.

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forbes 

Pakistani people in private equity industry.

Private equity represents a class of investors, their funds, and their subsequent investments, which are made in private companies or public companies with the goal of taking them private.

Below are some notable Pakistani people from private equity industry around the globe.

1.      Riaz Siddiqi is a Founder and Managing Partner of Denham Capital, a private equity firm that manages over 4 billion dollars and invests in the commodity and energy sectors globally.

2.      Faysal Sohail is a venture capitalist and has served as a General Partner at CMEA Capital since 2002. 

3.      Wahid Hamid is a Senior Partner at Abraaj Capital and Head of Portfolio Management and Operations Group.

4.      Dr. Moeen Qureshi - Chairman of EMP Global, a multi-billion private equity fund; Former Prime Minister of Pakistan; Former CFO of World Bank

5.      Arif Naqvi is founder Abraaj Capital, a leading private equity firm that invests in Middle East and North Africa.

6.      Aamer A. Sarfraz is founder of Indus Basin Holding, a developer of agribusiness projects in Pakistan.

7.      James Caan is also the founder and currently CEO of the UK-based private equity firm Hamilton Bradshaw

8.      asad zain Founding Member at Manara Equity Partners

9.      Abdul Hafeez Sheikh, General Partner New Silk Route Partners (a private equity firm that invests in Asia and middle east)

10.  Sardar Sherazam Mazari. In May 2009, he established Rojhan Capital as Managing Partner, which is an investment and management company focused on Pakistan.

11. Asad Jamal of ePlanet Capital is global venture pioneer. He has offices in Asia, Europe, U.S. he led investments in many hi-tech firms including Baidu ( China’s google), HiSoft (information technology and business process outsourcing company headquartered in China), median technologies (cancer detection company based in France), SiliconFile Technologies(chips for cell phones and cameras, South Korea) 

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How much do Pakistani cricketers earn?

According to Najam Sethi, former chairman Pakistan Cricket Board, the board has earned 800 million rupees profit for year ended 30 june, 2014.

But salaries and bonuses of cricketers is nowhere near to what board has earned.

Salaries and match fees according to categories is shown in following table.

Category	Salary per month (PK RUPEE)	Test match fees ( PK RUPEE)	ODI fees (PK RUPEE)	Twenty twenty fees (PK RUPEE)
A	449,218	400,000	300,000	125,000
B	314,452
C	179,687
D	89,843

Category A include Misbah Ul Haq, Muhammad Hafeez, Saeed Ajmal, Shahid Afridi, and Junaid Khan..

Category B includes Younus Khan, Ahmed Shehzad, Umar Akmal, and Umar Gul.

Category C includes Asad Shafiq, Azhar Ali, Adnan Akmal, Khurram Manzoor, Nasir Jamshaid, and Abdul Rehman.

Category D included Sohail Maqsood, Sarfaraz Ahmed, Bilawal Bhatti, Sharjeel Khan, Zulfiqar Babar, Fawad Alam, Ehsan Adil, Mohammad Irfan, Wahab Riaz, Raza Hassan, Umar Amin, Harris Sohail, Rahat Ali, Shaan Masood, Mohammad Talha, and Anwar Ali.

Earlier Shoaib Akhtar said “I was an elite star, still after playing for 14 years; I only made seven to eight crore rupees.” 

"I made seven to eight crore rupees" Shoaib Akhtar

Seven crore rupees translate to 750000 US dollars approximately. This is a small amount when compared with what cricketer from other countries earn. According to the report, which compared the earnings of cricketers from different countries, Pakistani cricketers earn amount roughly equal to UK average wage. According to this report published during 2010 central contract earnings of Pakistani players at that time was 22500£ per annum, per player. The trend around the globe has been changed players are now paid a percentage of board’s annual earning.

Pakistan cricket board should not only take care of international cricketer but also should pay attention to domestic cricketer players. Although Pakistan premiere league can prove to be a ray of hope for these players as well as many aspirant cricketers.


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comparison of cricketers' earning.

Shoaib Akhtar on earnings.

Izzat Majeed, CEO Alyph Limited

Izzat Majeed is an entrepreneur, investor, poet and educationist. His investment company Alyph Limited is a billion dollar company. Izzat Majeed studied in Britain from Oxford University and completed his master’s degree with economics. He started his career as a lecturer at Punjab University. After 7 years as lecturer he resigned from the university. He still lectures in west on Islam. In 1982 he moved to Saudi Arabia where he served as an advisor to Saudi Arabian minister, his Excellency Hisham Nazer. After leaving advisory to Saudi minister he started an investment company, Alyph Limited in London.

Alyph Limited has investment in green field industrial and infrastructural investment projects globally. The business interests of this company around the world exceeds 1 billion us dollars. In Pakistan Izzat Majeed bought union bank and then sold it to standard chartered bank.

His interest in music especially classical music led to the birth of Sachal Music in Lahore.

Sadeq Saeed, a Pakistani banker

Sadeq Sayeed is a prominent Pakistani banker and electrical engineer. Presently he is serving London based hedge fund firm, Metage Capital Limited, as its chairman.

Sayeed was born in Pakistan and went to United States for studies. He took admission in Massachusetts Institute of Technology undergraduate programme in economics with concentration in electrical engineering. Later he also got his master in finance from the MIT.

He started his active professional life at the age of 23 by joining World Bank. His assignments in World Bank include working as research associate and internal consultant.

Later in 2000 he joined Nomura group, a Japanese financial conglomerate. Before joining Nomura he also served Credit Suisse First Boston, an investment banking division of Credit Suisse group.

At retirement from Nomura, he is reported to have received severance package amounting to 34 million us dollars.

In Pakistan he along with shaukat tareen, former Pakistani finance minister, led consortium which acquired controlling stakes in Saudi pak commercial bank. Later Saudi pak commercial bank was renamed as Silk Bank Limited.

Success achieved by Pakistani bloggers.

Income diary has a post named ‘20 top blog sales’ that has a list of blogs that were sold for millions. In recent past a name of Pakistani blog appeared in ‘top earning blogs’ on incomediary. According to incomediary Saad Hamid’s blog Sizlopedia was making 11000 us dollars per month.

Blogging has become common in Pakistan and there are many successful bloggers in Pakistan. Recently another success has been achieved in this area by Pakistanis. Gagism.com, a humor blog, co-founded by Farrukh Zafar and Salman Saeed, has been acquired by an Australian firm for rupees 10 million (105000 us dollars approximately).  Presently gagism has a team of 6 members including two founders. 

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propakistani

Founded by former income tax oficer

Interwood Mobel is Pakistan’s largest producer of wooden furniture. Interwood Mobel is founded and run by Farooq Malik, who is a former government employee at FBR. Interwood is manufacturer and retailer of furniture and owns retail outlet in many cities of the country. Presently this company is running 6 show rooms in Lahore, Karachi, and Islamabad. Nearly 1500 people are working for this company. Presently interwood is working with international household company Ikea. According to Farooq Malik profit margin is low but his company is learning a lot from Ikea.

The lifestyle of Interwood Mobel owner resembles that of Ikea owner Ingvar Kamprad. He lives in a rented house and owns an old car. He frequently attends exhibition in different countries and according to him he learns from these events. He is impressed with the creativity of Italian people.

Interwood Mobel was started when Mr. Malik was removed from government service. He started by making television cabinet, and then converted to manufacturing wooden doors. Meanwhile he was reinstated in previous job by government. After his retirement from government service as a 22 grade officer he started focusing on his business. Now his other family members have also joined him in this business.

Tariq Farid, Pakistani American entrepreneur

Tariq Farid is a Pakistani born American. He started his entrepreneurial career at an early age, by successfully managing flower shops. His latest started venture is Farid Capital Corporation that helps franchises buying equipment. Farid is a serial entrepreneur. Besides starting Farid Capital Corporation he is also operating an international franchise business by the name edible arrangements. Edible arrangements was started by Tariq along with his brother in 1999. His edible arrangements boasted revenues of 195million us dollars in 2008, and owns 883 franchises internationally.

His other entrepreneurial ventures are related to software. He created Netsolace, which is a software company and specializes in providing software to franchise industry.

Farid attribute his success to his business philosophy. According to him his success has come from paying attention to often overlooked details such as website, order tracking and follow-up customer service, the logo and branding, and employee training.

Farid has been recognized as an entrepreneur of the year by international franchise association in 2009.

related link 

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tariq farid

ENTREPRENEURSHIP AND BENEFITS TO SOCIETY

Sadruddin Hashwani is a Pakistani billionaire. According to information available on the internet he has a net worth of 1 billion us dollars. He owns many five star hotels including world famous Marriott hotel Islamabad. He also owns stakes in many other businesses. He provides services to many people by offering staying facilities to many delegations foreign as well as domestic. His businesses also include oil and gas exploration and Production Company. He provides employment to many people directly and indirectly.

There are many other businessmen who provide employment to many people. Many overseas Pakistanis also have invested heavily in Pakistan like Sir Anwer Perwaiz. His Bestway group has invested in banking and cement manufacturing sector. His businesses also employees many people. Along with providing employment, his business produces products that are exported to many other countries. Cement manufactured by his plant is exported in huge quantity to Malaysia earning heavy foreign exchange.

Alsher Fiyaz is another expatriate Pakistani who is the founder of alfi investment and his company has stakes in shipping and retailing industry. His brother Javed Fiyaz is involved in many charity projects in Pakistan. Fiyaz family has an estimated net worth of 3 billion pounds.

Entrepreneurs generate opportunities for employment and earning foreign exchange. They produce goods and services for consumption inside and outside our country. So in regard to these services they should be respected by community and Government should facilitate entrepreneurs, as entrepreneurship is engine to economic growth.

Dr. Abdul Hafeez Shaikh

Dr. Abdul Hafeez Sheikh is present Pakistani finance minister. He has also served as privatization minister during the tenure of former President Musharraf. There is a successful privatization program to his credit during his previous charge. He had graduated from Boston University with undergraduate and post graduate degrees in economics. He also has worked in Harvard University. 

During 90’s dr. Hafeez served as country head World Bank Saudi Arabia. Dr Sheikh has also written a book on Argentina’s privatization program.

He has been a partner at new silk route. New silk route is a private equity firm. According to his record made public by election commission of Pakistan he owns assets of more then 250 million rupees. He owns a house in Dubai and held money in various foreign banks accounts.

He was born in jacobabad and also runs watan foundation for the betterment of poor Pakistanis by providing them clean drinking water, and other health facilities.

Related link

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dawn

entrepreneurship 2010