Malik Riaz Hussain is a business tycoon of Pakistan and is the owner of Asia’s largest real estate scheme Bahria Town. He is a renowned philanthropist, starting as a clerk in Military and a part-time painter worked hard and secured contracts for housing projects with Pakistan Navy in the beginning. He later won a multi-million contract by Navy, his business mind allowed him to grow the business. Malik Riaz net worth (declared) is estimated to be $1.3 Billion and growing.
The Bahria Town housing schemes are running in Lahore, Karachi, Murree, and Rawalpindi. The artificial Bahria Cities have their own power sources, shopping malls, police stations, gated communities, and all the core and advanced necessities of life.
Malik Riaz openly admits many times in TV shows that he bribe people to make things straight for him in Business. He is a close friend of the Former president of Pakistan Asif Ali Zardari, both are believed to be business partners in Pakistan and abroad.
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Net Worth of Malik Riaz:
Malik Riaz was alleged of bribing army officers up to the generals rank, Army, and government officials are believed to be on his payroll that he openly admits. The net worth of Malik Riaz and his sons is scattered in Pakistan, Dubai, Swiss Banks, and Panama. His son Ali Riaz was in a list of Panama Islands offshore account holders. Malik Riaz charity works including Bahria Dastarkhwan and Charity Hospitals are popular among people of Pakistan.
|Net Worth||$1.3 Billion|
|Undeclared Net Worth||$2 Billion|
|Est. Annual Income||$300 Million|
|Est. Monthly Income||$20 Million|
Malik Riaz’s Bahria Town has almost 0.6 million shareholders and around 70 thousand employees.
Malik Riaz and Arslan Iftikhar, the son of former Chief Justice Of Pakistan share the controversy to make a deal regarding a case of land allotment for Malik Riaz Hussain. Malik Riaz is believed to have strong ties with the current prime minister of Pakistan Mian Muhammad Nawaz Sharif.