There is no doubt that India and Pakistan have produced notable billionaires even as family businesses have passed down from generation to generation. However, India are comparatively better than Pakistan in terms of the number of billionaires.
There are as many as 131 billionaires in India. On the contrary, there are 7 billionaires in Pakistan. It is cognisance of the fact that the richest Indian billionaire is Mukesh Ambani whereas Mian Muhammad Mansha is Pakistan’s richest man. Now, in this article, we will learn about the two different billionaires and their net worth.
For the 12th straight year, Reliance Industries’ chairman Mukesh Ambani is the richest Indian billionaire with a net worth of $52.6 billion. No one in this country has come close to his net worth. It’s because of an epic success of his telecom company Reliance Jio, he is enjoying a staggering wealth.
The recent official announcement that social media giant Facebook will be investing ₹43,574 crores for a 9.99% stake in Reliance Jio Platforms has now made Mukesh Ambani the richest person in Asia. The top business magnate Mukesh Ambani retained the top spot in the Indian billionaires’ list.
Mukesh Ambani is the owner of the second-most expensive home in the world, which is, Antilia, ranks after the Buckingham Palace. Antilia, the Ambani residence, is worth Rs 1,40,000,000,000 (14,000 crore rupees or USD 2 billion).
It is located in one of the most expensive residential areas in India, Mumbai’s Altamount Road. The property rates here are a staggering Rs 80,000 to Rs 85,000 per square foot. Antilia has ice-cream parlour, a mega-temple and a private theatre that can accommodate 50 people and a salon as well.
Ambani also owns some richest cars. His collections comprise Mercedes Maybach, Aston Martin Rapide, Rolls Royce Phantom and Bentley Bentayga. It should be noted that Bentley Bentayga is one of the fastest production SUVs and one costs Rs 7.6 crore. Interestingly, Ambani’s own two of these!
Mukesh Ambani’s sons are witnessed driving their Bentley Bentayga where they are followed by a convoy of security cars worth Rs 16.55 crores! Lost for words!
According to the video below, Bentley Bentayga x 2 – Rs 7.56 crore, Land Rover Discovery x 4 – Rs 1.78 crore, Land Rover Range Rover x 1 – 52 lakh, Ford Endeavour x 6 – Rs 1.57 core, Land Rover Range Rover Sport x 3 – Rs 3.45 crore and BMW X5 x 2 – Rs 1.67 crore add up to a staggering Rs 16.55 crores!
As per the reports, the family recently purchased a brand new flagship SUV from the Rolls Royce lineup, the Cullinan as a new way of ultra-luxurious travel.
Mian Muhammad Mansha
Net worth: Rs 520 billion (US$3.7 billion) – as of 2019
One of the most successful and powerful businessmen in the world, Mian Muhammad Mansha is the wealthiest or richest person of Pakistan. The Pakistani business magnate and billionaire is the founder and CEO of the Lahore-based international conglomerate Nishat Group.
Mansha and some of his family members are among the richest and highest tax-paying individuals in the country. Mian Muhammad Mansha is also the owner of Muslim Commercial Bank, Adamjee Group, Nishat Chiniot power and also has several stakes in the transport industry
In 2017, Mian Muhammad Mansha hogged the limelight in the Paradise Papers having an association with offshore companies. As of July 2019, Mian Muhammad Mansha had an estimated net worth of US$3.8 billion as per Wealth-X.
Mian Muhammad’s Source of Wealth: Nishat Group MCB Bank, DG Khan Cement, Nishat Kia Motors Plant in Faisalabad, Owner of Emporium Mall, Nishat hotels, textile mills, a car leasing company in Kazakistan.
Mansha is now on the board of several prominent institutes in Pakistan and is also one of the most powerful and influential people in Pakistan. He was also awarded the Sitara-e-Imtiaz civil award by President of Pakistan Pervez Musharraf on 23 March 2004. One of Mansha’s companies, identified as Nishat Textile Mills Limited, is the largest exporting entity in Pakistan.
Digging a bit deep about his personal wealth, Mian Muhammad Mansha was named the richest Pakistani in the year 2008 by Daily Pakistan with a staggering net worth of US$2.5 billion which is equivalent to Rs 200 billion at that point of time. It is worth mentioning here that in March 2010, Mansha was the first-ever Pakistani making it to the Forbes billionaires list.
Mansha owns a red E-class Jaguar convertible, three Mercs, Porsche turbo, BMW 750, Range Rover, Volkswagen, turboprop plane, and an eight-seater jet. Wow, that’s some incredible collection of vehicles.