Malik Riaz Hussain is one of the Richest people in Pakistan. He was born on 8th February 1954 in Sialkot. Malik Riaz was born in a rich family. His father had his own business. However, as Malik Riaz grew older, he found himself struggling with poverty after his father’s business got bankrupt. Malik Riaz started his professional career as a clerk in a construction company located in Rawalpindi. At that time Malik Riaz net worth was very low and he used to live in a 2 story house in Satellite Town Rawalpindi.
Malik Riaz started his own business as a contractor in the 1980s. He worked hard as a contractor and kept looking for big opportunities. In 1995 Malik Riaz got his lucky break when he was contracted by the Pakistan Navy to develop a gated housing community. However, the contract got terminated, leaving Malik Riaz wondering as to what he should do. The business instincts of Malik Riaz kicked in and he took the risk of developing the community on his own. The project was named Bahria Town. It was located in Rawalpindi. Maik Riaz completed the project and made sure that everything in the project was perfect. The excellent design, urban planning, and quality of the project made it a huge success in the property market of Rawalpindi. The need for housing was already there and as soon as people saw the quality of Bahria Town, they rushed in to get a home in this modern, urban gated community.
From there on, it was all about expansion. Malik Riaz had found the formula for success. He kept on expanding his Bahria Town project in Rawalpindi. Later on, he moved to other cities and developed similar projects in Lahore and Karachi. Today Malik Riaz net worth is in billions of dollars and Bahria Town is one of the biggest housing projects in the world.
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What is Malik Riaz Net Worth
The Malik Riaz Net worth is $1.5 Billion. In Pakistani Rupees, it is around 157 Billion Rupees. Malik Riaz developed this net worth through his renowned property brand, Bahria Town which is one of the biggest housing projects in the world.
Malik Riaz believes that experience to success is experience and hard work. These two things are well depicted in the career of Malik Riaz. Through the success of Bahria Town, has one one hand contributed a great deal to Malik Riaz net worth and has made him one of the richest people in Pakistan. And on the other hand it has given a wonderful lifestyle to millions of people who reside in Bahria Town projects.
Through massive development projects, Malik Riaz has made huge contributions towards the economy of Pakistan as well. These massive developments have generated a lot of direct and indirect employment and have helped 55 different national industries to flourish. Moreover, Bahria Town group has paid taxes of billion of Rupees to the Government of Pakistan.
Malik Riaz Business Empire
Malik Riaz has one of the biggest business empires in Pakistan. He is considered to be the king of the property market in Pakistan. His brand, Bahria Town is among the most wanted housing projects in the country. With more than 25,000 employees, Bahria Town is the biggest private real estate developer in Asia. A unique thing about Bahria Town is that it provides complete lifestyle facilities in its projects that ensure an amazing lifestyle within the gated community. The Malik Riaz business empire includes a number of iconic projects in different cities of Pakistan.
Malik Riaz has also made the tallest building of Pakistan, Bahria Icon Tower in Karachi. It is a skyscraper with 62 floors and it is 938 feet high. In addition, Malik Riaz is also making a number of five star hotels in different cities of Pakistan.
Malik Riaz Lifestyle and Malik Riaz Net Worth
Malik Riaz enjoys a true billionaires lifestyle. He has his own private jet, a fleet of luxury cars, and several houses located in different cities of Pakistan. He frequently travels out of the country for business meetings. Malik Riaz usually travels with his wife and rarely travels alone. Despite being extremely rich, Malik Riaz has not forgotten his tradition. He still likes to wear the local dress, ‘Dhoti and Kurta’. He says that he feels comfortable in this dress which is usually worn by the villagers in Punjab. Regarding, his lifestyle Malik Riaz tells that he and his wife have not changed despite getting extremely rich. However, his children have surely changed and adopted the habits of rich and famous.
Malik Riaz tries to keep himself fit and healthy by doing exercise daily inside his home. Due to his busy schedule, he often does breakfast, lunch, and dinner with personal and business guests. One of the features of Malik Riaz lifestyle is his love for great design. This is very well depicted in his houses and in the large offices of Bahria Town.
Although Malik Riaz is a simple man, likes to wear good clothes and expensive watches. His wife, Beena Riaz doesn’t really like wearing gold jewelry. Instead, she likes wearing diamond jewelry.
Malik Riaz Charity Work
According to one of the media interviews of Malik Riaz, he wants to be known as the welfare tycoon after his death. This is why he spend a lot of money on charity work. Malik Riaz says that he used to donate 5 paisas out of his pocket money daily when he was in 6 class. His habit of taking care of poor continued even when he was poor. At that time he used to provide food for 9 needy people. Once he became rich, he took his charity work to a whole new level. Other then helping many poor people with health-related donations, he has established Bahria Town Dastarkhans. In this charity project, his organization provides food for 150,000 people daily.
Malik Riaz House
Malik Riaz has several properties located in different cities of Pakistan. However, he spends most of his time in his house in Islamabad. The house is located in one of the most expensive areas of the city and has all the modern amenities of the world. The house features several large bedrooms, modern bathrooms, stylish kitchens, and an underground parking for his cars. Malik Riaz house also features a beautifully landscaped garden.
Malik Riaz Private Jets and Helicopter
Malik Riaz Hussain is one of few people in Pakistan who have their own private jets. According to reports, Malik Riaz has two private jets. One of his jets is Hawker 400 and the other one is Hawker 4000 business jet. The price of Hawker 400 is around $7 million and that of Hawker 4000 is around $22 million.
In addition to these two private airplanes, Malik Riaz also owns a helicopter which is AgustaWestland AW139. This helicopter is capable of reaching speeds up to 310 kilometers per hour and it has a price tag of $21 million. Considering the fact that Malik Riaz net worth is in billions of dollars, this is lose change for him.
Malik Riaz Cars
When it comes to Malik Riaz cars, the billionaire businessman has probably the best car collection in Pakistan. His son, Ali Riaz is a big fan of expensive sports and luxury vehicles. He has imported many expensive cars and loves to drive them. One of the salient features of all the cars owned by Malik Riaz and his family is their number plate. All the cars owned by Malik Riaz and his family have 555 number.
The Malik Riaz car collection includes Rolls Royce Phantom which is one of the most expensive luxury vehicles in the world. This super luxurious sedan has hand-made interior made from finest materials. Other then Rolls Royce Phantom, Malik Riaz Car Collection also includes tens of SUVs including Range Rovers. Ali Riaz, the son of Malik Riaz was the first person in Pakistan to buy a Bugatti Veyron.
Here is a list of some of the cars that Malik Riaz owns along with their price tag in US dollars as well as Pakistani Rupees.
- Bentley Continental GT Coupe –
- Rolls Royce Phantom –
- Porsche 911 Turbo –
- Porsche Cayenne Turbo –
- Lamborghini Gallardo Spyder –
- Bugatti Veyron –
- Range Rover SUV –
Malik Riaz Net Worth Future Projection
As the business empire of Malik Riaz is expanding rapidly and he is stepping into different other industries, we can expect the Malik Riaz net worth to increase a lot in the coming years. It would be interesting to see how the business and wealth of Malik Riaz expands and increases in the year 2017, 2018, and beyond 2020.