Nawaz Sharif is a Pakistani businessman and politician. He owns the Sharif Group and the Itefaq Group which is the leading steel industry in Pakistan. Throughout his controversial political career, he served three terms as the Prime Minister of Pakistan from the 90s (1990-93 and 1997-99) and from 2013 till he was permanently ousted from office in 2017. To learn about Nawaz Sharif’s net worth, continue to read the article. Let’s find out how much is Nawaz Sharif’s net worth in 2019.
Sharif was born on 25 December 1949 in an upper-middle-class family to Shamim Akhtar and Muhammad Sharif. He did his schooling from Saint Anthony High and graduation from Government College University, flourishing degrees in art and business, following which he completed LLB from Punjab University.
Sharif has been married to Kalsoom Nawaz since 1970 and has four children.
He entered politics after being irritated by former Prime Minister Bhutto’s nationalization policies which hurt his steel business. Serving as a member of a provincial council in Punjab, subsequently becoming the finance minister; he was eventually elected as the Chief Minister.
The genesis of Sharif’s political career occurred in Punjab. As leader of the Pakistan Muslim League, he was first elected as Pakistan’s Prime Minister in October 1990. He ushered economic reforms, privatized a legion of state-owned businesses and endorsed Pakistan’s security against a nuclear India, defying US mandates.
The degraded economy, the ballooning foreign debts, the ongoing dispute with India, rampant corruption and separatist revolutions engorged Sharif into ruling debacles. He was overthrown by Musharraf and was soon tried on charges of terrorism. In 2000, he went into exile for ten years.
Sharif made a spectacular resurgence in 2013, obtaining a third term as Prime Minister until being forced to resign in 2017 after the leaked Panama papers proved Sharif and his children unofficially own foreign companies and properties.
Awards & Achievement
Sharif received the Medal of Democracy, the highest Turkish Civil honour, in 2013. He was also nominated for the Nobel Prize for his role in avoiding a nuclear battle between Saudi Arabia and Qatar. He has ratified the security of Pakistan to a considerable strength. The Pak-China Economic corridor has been progressive during his tenure at the office.
Net Worth of Nawaz Sharif
Nawaz Sharif is the longest-serving Prime Minister of Pakistan. The net worth of Nawaz Sharif at around $1.5 billion. He is currently the fourth richest man in Pakistan. His annual income is approximately $13 million. The vast majority of this fortune is accumulated by his industrial ties with his company, Ittefaq Group. He owns large chunks of agricultural lands, makes seasonal investments in industrial units and also owns birds and animals worth millions of dollars. His Jati Umrah Palace is estimated at $4 million. He also owns a Toyota Land Cruiser and two high-end Mercedes cars.
Nawaz Sharif is unequivocally renowned as one of the most popular and enduring politicians of Pakistan. He is a successful business leader, commandeering the biggest industrial conglomerates in his nation. He is often dubbed as the “Lion of Punjab” for his unprecedented achievements in both fields, endowing him with wealth and popularity.