Mian Mohammad Mansha’s profile picture

Mian Mohammad Mansha

Mian Mohammad Mansha’s profile picture
Net worth 2018: $1 Billion
Industry: Other
Country: Pakistan
BirthDay: 1947
Children: 3
BIOGRAPHY

Mian Mohammad Mansha was bornon 1947 in Pakistan. Pakistan's first billionaire. Born during the tumultuous Partition winter of 1947, when his parents were among those Muslim families making the trek from India to Pakistan. His father and uncles jumped into textiles with Nishat Mills in 1951. Mian went to college in the U. K.; joined family business after graduation. Father died one year after his return. Eventually split with uncles and took over his family's business in West Pakistan decades ago. (The East Pakistan division later went bankrupt). His Nishat Group is now Pakistan's largest exporter of cotton clothes (for brands like Gap) and nation's largest private employer; also invests in power projects, cement and insurance. Smart bet in banking: Won a controversial bid for Muslim Commercial Bank during the country's privatization push in 1991. Sold more than half of his MCB shares for $900 million May 2008.

NET WORTH STATISTIC
2010

$1 Billion

2018

$1 Billion

TIMELINE
2017

His name appeared in Paradise Papers in November 2017 having a link to offshore companies

2010

In March 2010, Mansha was mentioned in Forbes billionaires list

2009

In 2009, Mian Muhammad Mansha, chairman MCB Bank, said that his efforts were successful in continuing to bring foreign investment to Pakistan and that his bank had already brought 970 million U

2008

MCB Bank, in 2008, started a partnership with Maybank of Malaysia

2005

Mansha was named richest Pakistani in 2005 by Daily Pakistan with net worth of ₨263

2004

He was awarded the Sitara-e-Imtiaz civil award by President of Pakistan Pervez Musharraf on 23 March 2004

1990

Mansha's conglomerate greatly benefited from the privatization drive by the governments of the 1990s

1979

After 1979, Mansha set up Pakistan's largest textile complex of seven mills in Nishatabad in the city of Faisalabad

1969

Mian Muhammad Mansha joined the family business in 1969 and eventually he split with his uncles and took over the family business

1968

His father died one year after he returned from London after finishing his studies there in 1968

1951

Nishat Textiles Mills was started in 1951 by his father and uncles

1947

After 1947 Partition of British India, the family returned to Punjab, Pakistan

1930

In the 1930s, the Mansha family had migrated to Bengal from Punjab

(4.8/174 votes)
Related Person
Peggy Cherng’s profile picture
Peggy Cherng
Net Worth is $1.8 Billion
Lee Yin Yee’s profile picture
Lee Yin Yee
Net Worth is $1.69 Billion
Jin Sook Chang’s profile picture
Jin Sook Chang
Net Worth is $1.5 Billion
Eren Ozmen’s profile picture
Eren Ozmen
Net Worth is $1.46 Billion
Jayshree Ullal’s profile picture
Jayshree Ullal
Net Worth is $1.41 Billion
Jaiprakash Gaur’s profile picture
Jaiprakash Gaur
Net Worth is $1.4 Billion