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

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.


$1 Billion


$1 Billion


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


In March 2010, Mansha was mentioned in Forbes billionaires list


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


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


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


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


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


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


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


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


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


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


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

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