Malik Riaz, the controversial founder of Bahria Town, Pakistan’s largest private real estate developer. Explore his rise from clerk to billionaire, amidst allegations of corruption and philanthropy.
Who is Malik Riaz?
Malik Riaz Hussain is a famous but controversial Pakistani businessman. He was born on February 8, 1954, in Sialkot. Malik Riaz started Bahria Town, which is the biggest private real estate company in Pakistan.
However, Malik Riaz’s career has been full of problems. People have accused him of giving bribes to Pakistani generals, journalists, judges, and politicians. They say he did this to get free or cheap land for his housing projects.
Malik Riaz has been involved in many corruption investigations. He has also faced legal challenges, including a £190 million settlement with the UK’s National Crime Agency in December 2019.
Malik Riaz Wiki/Biography
Malik Riaz Hussain is a Pakistani businessman. He was born on February 8, 1954, in Sialkot, Pakistan. Malik Riaz’s father was a contractor who had business problems. This made Riaz drop out of high school after completing his Inter (12th grade).
Malik Riaz started his career as a clerk with the Military Engineering Service. Later, he became a contractor in the military. He learned how to work the system and got a contract with the Pakistan Navy in the mid-1990s to develop two housing schemes.
In 2000, the Pakistan Navy gave its whole share to Hussain. He then developed Bahria Town Rawalpindi. Malik Riaz expanded his real estate company and made gated communities in Karachi, Lahore, and Islamabad during the 2000s. He developed a combined area of 45,000 square acres.
As of 2016, Bahria Town has 60,000 employees. This makes it one of the largest private sector employers in Pakistan. Malik Riaz is also known for his charity work. He aims to reduce economic differences and help the less fortunate in society. He has been involved in various social and charitable projects, showing his commitment to social welfare and reducing poverty.
Malik Riaz is married to Beena Riaz and has one son and four daughters. His net worth was estimated at around $1.5 billion as of November 2019.
| Date of Birth | February 8, 1954 |
|---|---|
| Place of Birth | Sialkot, Pakistan |
| Nationality | Pakistani |
| Profession | Businessman |
| Wife | Beena Riaz |
| Net Worth | Estimated at $1.5 billion (as of November 2019) |
| Education | Inter |
| Height | 5 feet 6 inches |
| Weight | 70 kg |
Malik riaz Height and Weight
Malik Riaz height is 5 feet 6 inches and his weight is 70 kg approximately.
| Attribute | Value |
|---|---|
| Height | 5 feet 6 inches |
| Weight | 70 kg |
Malik Riaz Net worth and Source of income
Malik Riaz’s net worth is estimated to be around $1.5 billion as of November 2019. He is the chairman and founder of Bahria Town, the largest privately held real estate development company in Pakistan, which is the primary source of his income.
Malik riaz net worth in dollars: US$1.5 billion (As of 1 November 2019).
Malik riaz net worth in Pakistanis Rupess: 419362500000.00PKR
Read also: Duky Bhai Net worth
| Key | Value |
|---|---|
| Name | Malik Riaz Hussain |
| Net Worth | $1.5 billion (as of November 2019) |
Malik Riaz School, College, and Education Details
Malik Riaz’s education details are as follows:
- School: He attended public schools for secondary and higher education.
- College: He didn’t have the opportunity to attend college and started working at the age of 14.
- Education: His education is listed as Inter (equivalent to high school) .
These details are based on various sources and provide an overview of Malik Riaz’s educational background.
Malik Riaz Family Details
Malik riaz son name is Ahmed Ali Riaz and his 2 Daughters whose name is Sana Salman and Pashmeena malik.
| Family Member | Details |
|---|---|
| Father | A contractor who suffered heavy losses in business |
| Mother | Not available in the search results |
| Wife | Beena Riaz |
| Children | One son and 2 daughters |
Malik Riaz Social Media Accounts
| Social Media Platform | Profile Link |
|---|---|
| https://twitter.com/MalikRiaz_ | |
| https://de.linkedin.com/in/malikriazhainaveed/en | |
| https://twitter.com/MalikRiaz | |
| https://www.facebook.com/MalikRiazBahriaTown/ | |
| https://pa.linkedin.com/posts/rehanallahwala_timeline-of-malik-riazs-life-1954-malik-activity-7058758512830529536-_ioL |
People also ask
What is the success story of Malik Riaz?
Riaz kick-started his journey as a humble clerk at a construction firm (MES) in Rawalpindi. In the 80s, he transitioned into contracting, and his company, Hussain Global, inked a deal with Pakistan Navy’s charitable arm, Bahria Foundation, in 1995. The agreement paved the way for Riaz to develop a gated community catering to the Navy personnel.
Who is owner of Bahria Town?
Ali Riaz Malik is a well-respected business leader in Pakistan. He is the top boss at Bahria Town, which is a very popular and forward-thinking project in Asia. Ali Riaz Malik is also one of the best real estate developers in the country.
Who is the husband of Mubashra Ali?
Ahmed Ali Riaz Malik is the son of Malik Riaz Hussain, a top businessman in Pakistan. Like his father, Ahmed has also made it big in the business world. In 2003, Ahmed tied the knot with Mubashra Ali Malik.
Who is Ahmed Ali Riaz Malik?
I’m Ahmed Ali Riaz Malik, the head honcho at the renowned Bahria Town project. I’m the son of Malik Riaz Hussain, a famous real estate mogul and one of the wealthiest people in Pakistan.
Who is the wife of Malik Riaz?
Malik Riaz Wife name is Beena Riaz.
