Malik Riaz Son Ali Riaz Villa At Bahria Town Karachi
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Malik Riaz Hussain born February 8, 1954 is a Pakistani business magnate, investor and billionaire. He is the founder and chairman of Bahria Town, the largest privately held real estate development company in Asia. Riaz is currently the 7th richest person in Pakistan, with an estimated wealth of over 3000 billion Rupees . He is one of Pakistan's most prominent philanthropists.
Born in Sialkot into a wealthy family which went bankrupt during his adolescence. Riaz started his career as a clerk with a construction company in Rawalpindi. In the 1980s Riaz moved to become a contractor, and in 1995 Riaz's construction company Hussain Global, signed an agreement with Pakistan Navy's charitable trust known as Bahria Foundation to develop a gated community for Pakistan Navy. The Navy's Bahria Foundation served a legal notice to Riaz to stop using the word "Bahria" for his company's construction projects, but Riaz went on to develop Bahria Town Rawalpindi.
He expanded his real-estate company and developed gated communities in Karachi, Lahore and Islamabad during the 2000s, developing a combined area of 45,000 square acres. As of 2016, Bahria has 60,000 employees, making it one of the largest private sector employers in Pakistan. Riaz is a controversial figure and has been subject of several corruption investigations. Bahria Town Karachi is the biggest private project of Asia, which is also owned by Malik Riaz.
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