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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.
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