4 - Nawaz
Sharif & Shahbaz Sharif family
/Pakistan
Ranking: 4 Worth: £700m
($1.4billion) Industry: Politics/Businessman
Mr Sharif Businessman
turned politician the former Prime
Minister of Pakistan. He was ousted
in a military coup in 1999 and
was forced to forfeit $9million
dollars and some of his assets
including his $5m Mansion is Raiwind
near Lahore. Before becoming PM
he was a major share holder along
with his brother and cousins of
Ittefaq Group, having assets well
in excess of £50m in the
90’s. However he got richer
when he took commissions from
foreign companies for construction
in Pakistan.
He build the first motorway
and many new roads and took heavy
kickbacks. He then also stole
$100m from the Iqra funds, he
started a new scheme “Ghar
Apna” in which he again
looted around $40m, the “Mulk
swaaro” scheme involving
public & govt. money collections
to help pay pf Pakistan’s
debts also was pocketed. Today
he lives in exile in Saudi Arabia
where it is known he has a new
huge business empire in various
sectors.