Nawaz Sarif Net Worth: $1.4 Billion
About Nawaz Sharif – Net Worth, Career and More!
Nawaz Sharif, full name Muhammad Nawaz Sharif (born on December 25, 1949, Lahore, Pakistan), He is a Pakistani business tycon and politician who became prime minister in 2013, having previously served as prime minister in 1990–93 and 1997–98 as Chief of ruling party Pakistan Muslim League(N).
Mian Shareef(Late) , father of Nawaz Shareef (Prime minister of Pakistan) and Shahbaz Shareef (Chif Minister of Punjab) owns Ittefaq Group of companies, a multimillion dollar iron and steel conglomerate. In year 2005, Daily Pakistan reported that the Shareef family is the fourth wealthiest in Pakistan with an estimated net worth of $1.4 billion.
Hence we can say that its doubled till 2015, A latest update on wikipedia state that Nawaz Shareef has assets of $4.0 Billion .
Companies under Sharif Group are:
Ramzan Sugar Mills
Sharif Agri Farm
Sharif Poultry Farms
Sharif Dairy Farm
Sharif Feed Mills
Ramzan Sugarcane Development Farm
Quick Facts About Nawaz Sharif:
Date of Birth: December 25, 1949
Place Of Birth: Lahore, Pakistan
Marriage With: Kulsoom Sharif
Education Level: Government College Lahore; Punjab University Law College, Law degree, Lahore, Pakistan
1977 – Opens Ittefaq Industries, a family business involved in the steel, sugar, and textile industries.
1981 – Is appointed Pakistan’s finance minister.
1985 – Becomes chief minister of Punjab province.
October 1990 – Is elected as Pakistan’s prime minister.
November 6, 1990 – Is sworn in as prime minister.
April 18, 1993 – Sharif’s government is dismissed by President Ghulam Ishaq Khan after charges of corruption and mismanagement are raised. Sharif’s family-owned business grew tremendously during his tenure in office, causing suspicion of corruption.
May 26, 1993 – Pakistan’s Supreme Court orders the reinstatement of Sharif, calling his dismissal unconstitutional and the charges false. Sharif and Khan both later resign.
February 3, 1997 – Is re-elected as prime minister.
February 17, 1997 – Is sworn in as prime minister.
October 12, 1999 – Army General Pervez Musharraf overthrows Sharif in a bloodless coup.
January 2000 – Sharif goes on trial for charges of hijacking/terrorism and conspiracy to commit murder.
April 6, 2000 – Is convicted of plane hijacking/terrorism and sentenced to life imprisonment. He was charged with hijacking because he attempted to prevent a plane Musharraf was flying in from landing at any airport in Pakistan, when the plane was extremely low on fuel. Sharif knew of Musharraf’s coup intentions.
July 22, 2000 – Is convicted of corruption and sentenced to an additional 14 years imprisonment while already serving a life sentence. His failure to declare assets and pay taxes led to the conviction.
December 2000 – Is released from prison by a deal brokered by the Saudi royal family and he and his family head to Saudi Arabia for 10 years in exile.
December 2000-August 2007- In exile in Saudi Arabia.
October 29, 2004 – Mian Mohammed Sharif, Nawaz’s father, dies and Sharif seeks a brief return to Pakistan to attend his funeral, after serving only four of his 10 year exile in Saudi Arabia. The request is not allowed and Nawaz Sharif does not return for his father’s funeral.
August 23, 2007 – Pakistan’s Supreme court lifts the exile imposed on Sharif. He served only seven of his 10 year exile.
September 10, 2007 – Attempts to return to Pakistan but is deported just hours after his arrival.
November 25, 2007 – Sharif returns to Pakistan from exile in Saudi Arabia, flying into the city of Lahore.
February 18, 2008 – In parliamentary elections, Sharif’s party Pakistan Muslim League-N wins 67 seats, placing second to the party of the late Benazir Bhutto, the PPP.
February 20, 2008 – The PPP and the Pakistan Muslim League-N announce that they will form a coalition government.
August 25, 2008 – At a press conference, Sharif announces his party, the Pakistan Muslim League-N, is splitting from the coalition government it formed with the PPP, following disagreements over the reinstatement of judges Musharraf dismissed.
May 26, 2009 – The Supreme Court of Pakistan rules that Sharif is eligible to run in elections and hold public office. In February 2009 the court had ruled that Sharif was ineligible for office because he had a criminal conviction. He is still ineligible to run for prime minister due to term limits.
July 17, 2009 – Pakistan’s Supreme Court clears Sharif of hijacking charges, paving the way for him to legally run for office.
April 19, 2010 – Pakistani President Asif Ali Zardari voluntarily signs the 18th Amendment to the constitution, significantly diminishing his powers. Among the sweeping changes is a measure removing the two term limit for prime ministers, allowing Sharif to vie for a third term.
May 11, 2013 – According to unofficial election results, Sharif’s party, the Pakistan Muslim League Nawaz (PML-N), wins most of the seats in the National Assembly.
June 5, 2013 – Is elected prime minister of Pakistan.
August 30, 2014 – Sharif announces in a statement that he will not resign. He has vowed to remain on the job in spite of violent demonstrations. The protesters accuse him of rigging last year’s elections that allowed his party — the Pakistani Muslim League Nawaz — to take power.
December 16, 2014 – Sharif lifts the 2008 moratorium on the death penalty after the Taliban attack a school, killing 141 staff and students.