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Mian Muhammad Mansha joined the family business in 1969 and eventually he split with his uncles and took over the family business. [ 1 ] [ 5 ] He was worth US$2.5 billion in 2013. [ 6 ] Apart from making large acquisitions, he was simultaneously expanding his Nishat Textiles segment.
Pakistanis by net worth. Rank Name Net worth As of Source(s) of wealth Ref(s) 1: ... Mian Muhammad Mansha: $5 billion: 2023: Nishat Group, Nishat Hotels, ...
Mian Muhammad Mansha joined the family business in 1968 after the death of his father, Mian Muhammad Yahya. [6] By 1970, the Nishat Group had expanded to include six industrial units in West Pakistan: Nishat Corporation, Nishat Sarhad Textile, Nishat Textile Faisalabad, Nishat Chemical Industries, Nishat Poultry, and Creamy Industries Nowshera. [6]
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Nishat Linen was founded in 1989 by Naz Mansha, the wife of Pakistani businessman, Mian Muhammad Mansha. [13] [14] [15] Naaz Mansha is also known for running Inglot Cosmetics and Swarovski retail chains in Pakistan. [16] In 1989, a factory owned by Nishat became operational. [16] In 1994, the first retail store of Nishat was opened. [16]
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Their sister Naz Saigol is married to Mian Muhammad Mansha. Tariq Saigol, the eldest brother, is head of Kohinoor-Maple group, which owns the Kohinoor textile mills and Maple-Leaf Cement. [5] He is known to be openly critical of the Pakistani government's lack of interest in the textile sector. Nasim Saigol heads PEL and Kohinoor industries. [6]
Netflix's docuseries, 'Gunther's Millions' explores the story of a millionaire dog and his owner, Maurizio Mian. All about Mian's net worth, job, and more.