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5 - Saddaruddin Hashwani Pakistan
Ranking: 5 Worth: £550m ($1.1billion)
Industry: Businessman
Saddaruddin Hashwani is Chairman Hashoo Group is
known for his dominance in Pakistan’s hotel
industry, though Hashwanis are have huge
strength in real estate business too. Hashwanis
are involved in trading of cotton, grain and
steel and till the nationalization of cotton
export in 1974, they were widely being dubbed as
the Cotton Kings of Pakistan. Today, this group
has excelled in export of rice, wheat, cotton
and barley. It owns textile units, besides
having invested billions in mines, minerals.
hotels, insurance, batteries, tobacco,
residential properties, construction,
engineering and information technology.
In 1984, Hashwani defeated the Lakhanis in the
bid for Premier Tobacco but was arrested along
with his brother Akbar in 1986 for allegedly
evading customs duty on cigarettes.
Sadarduddin’s brother Akbar and the children of
another late brother Hassan Ali Hashwani
together manage around 45 companies. Akbar runs
the second Hashwani Group. He is one of the most
well-known magnates in Pakistan who is a regular
invitee at the Diplomatic Enclave. The list of
local and international bigwigs known personally
to Hashwani is unending.
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