Saturday, March 20, 2010

Mian Mansha , The 1st Billionaire of Pakistan

A Pakistani Hits Forbes Billionaire List, for the First Time is a post from:Forbes this week released a list of the top billionaires in the world, where Bill Gates lost his crown to Mexican telecom tycoon, Carlos Slim.There is good news that Mian Mansha has made his slot in Forbes billionaire list, first Pakistani to achieve the glory.

Mansha’s Nishat Group is Pakistan’s largest exporter of cotton clothes (for brands like Gap) and nation’s largest private employer; also invests in power projects, cement and insurance. Smart bet in banking: Won a controversial bid for Muslim Commercial Bank during the country’s privatization pushes in 1991. Sold more than half of his MCB shares for $ 900 million May 2008.

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