Malik Riaz Net Worth
Malik Riaz Hussain is a Pakistani businessman and real estate tycoon with an estimated net worth of $2.6 billion. He is the founder and chairman of Bahria Town, one of Pakistan’s largest real estate development companies.
Malik Riaz Hussain was born in 1950 in the Pakistani city of Rawalpindi. He grew up in a middle-class family and worked as a clerk at the Military Accountant General’s office before starting his own business. In the late 1970s, he founded a construction company called Malik Riaz Builders, which eventually evolved into Bahria Town.
Bahria Town is known for developing luxury housing communities and commercial properties in Pakistan. The company has also developed properties in Dubai and Malaysia. Bahria Town is considered one of the most successful real estate companies in Pakistan, with a portfolio valued at over $30 billion.
Malik Riaz Hussain Hussain’s wealth and success have not been without controversy. In 2019, he was accused of corruption and money laundering by Pakistan’s National Accountability Bureau. He was later arrested and released on bail. The allegations against him are still being investigated.
Despite the controversy, Hussain remains a powerful and influential figure in Pakistan. In addition to his business ventures, he is known for his philanthropy and has donated millions of dollars to various charities and causes.
In conclusion, Malik Riaz Hussain is a self-made billionaire who has built a successful career in the real estate industry through his company Bahria Town. His net worth is estimated to be $2.6 billion, making him one of the wealthiest people in Pakistan. However, he has faced controversy and legal troubles due to allegations of corruption and money laundering.