Malik Riaz Hussain Bahria Town – Biography, Wiki, Age, Net Worth & Career

Malik Riaz Hussain is one of the most famous Pakistani business tycoon, real estate developer, investor and a Billionaire. He is also the chairman and founder of famous Bahria town which is been deemed as the biggest private real estate development company in Asia. If we talk about his wealth, he is currently the 7th richest person in Pakistan. Apart from being a good businessman, he is one of the most famous Philanthropists in the country and contributed in some of the biggest charitable activities in the country. Currently, his firm Bahria town has more than 60,000 employees which also make them one of the biggest employesr from the private sector in the country.

Net worth: Malik Riaz”s net worth is $1.2 Billion.

Income source: Malik Riaz is the chairman and founder of the Bahria town pvt. Ltd and he gets most of his incomes from his real estate development business only.

Real name: Malik Riaz Hussain is his real name

Date of Birth/Age/height/Weight: Malik Riaz was born on 8th February 1954 and his current age is 65 years.

Personal life and Educational background

Malik Riaz wasn’t someone who was born with a silver spoon in his mouth and he has worked really hard to achieve whatever he has got today. Born to a contractor in a middle class family, he was been forced to leave his school after the matriculation as his father went bankrupt due to heavy loss in their construction business. Within his starting days, he worked in the Military engineering service as a Clerk along with being a part time Painter. After years of dedication and hard work, he got employed as a contractor in the Pakistan Military.

Mlaik riaz got married to Beena Riaz and got two children with the names of Ahmed Ali Riaz malik( son) and Amber Shehzad malik (daughter).

Professional background and career achievements

Malik Riaz has achieved a lot since starting his career as a contractor in the military services and currently stands as 7th richest one of the best real estate developers and businessmen in Asia. He is the founder and owner of the famous Bahria town which comes as one of the biggest privately owned real estate projects in Asia. Moorvere, the Bahria town currently has its outreach to some of the big cities like Lahore, Rawalpindi, Islamabad, Murree and Karachi.

Even whilst being an established entreprenuer,Alia riaz malik   is one of the most famous philanthropist in the country and indulged in lots of charitable activities for the improvement and development of the society in the past. He is also been honored for all his good deeds and works for the betterment of the society recently.

Various Projects by Bahria town under the supervision of Ali malik riaz hussain

Under the leadership of Malik riaz hussain, Bahria town has initiated a number of big projects like DHA Smart city Islamabad, , Blue world city Islamabad, Bin alam city Islamabad, bahria town Karachi, Bahria town Rawalpindi and Bahria town Lahore. Apart from their recent projects, they are also planning to construct the third biggest Masjid in the Bahria town Karachi which accommodates a sports city, Golf city and Paradise precincts. It’s mainly because of his years of hard work and business acumen, that Bahria town has made its place amongst the leading real estate developer firms around the world.

Malik Riaz’s Investment Bank is all set to start along with their functioning

Escort Investment Bank, which is recently been acquired by Bahria Town’s Malik Riaz, is ready to go with a new management and administrative board showing a promising future , at the new branch in Bahria Orchid Lahore. Ali Riaz has recently inaugurated the bank and would be functioning along as its CEO.

This would certainly take over the previous issues with the bank as the new and rejuvenated board of directors would be coming in place to infuse a new life in the establishment. Moreover, the list includes names like Umair Rafique Vadria, Karim Hatim, Zain Malik, Naveed Amin, Rashid Ahmed, Tahir Saeed Effendi.

Moreover, it took almost a year for Bahria Town to take over the investment bank, because of some compliance and regulations issues in the middle.

The real estate brand is known for its strong financial health which was reasonable enough to convince the regulator to permit the investment bank’s operations, after a worst financial situation earlier.

While SECP approved the bank to not only take over the major shareholding (71%) in the bank but also taking over its brokerage house, Escort Capital Limited, at a negotiable price of Re1 along with all the coming liabilities. On the other side, market analysts do believe that the Escort Investment Bank by Bahria Town is likely to deliver the profitability as promised not only to the bank but for the whole investment banking sector.

Malik Riaz Hussain Bestowed with Humanitarian Award

Bahria Town CEO Zain Malik accepted the award on behalf of his father during a ceremony.

Bahria Town Chairman Malik Riaz Hussain was been awarded with a humanitarian award on the big occasion of World Water Day by Punjab Governor Chaudhry Muhammad Sarwar.

Governor Sarwar also put though his greetings to Malik Riaz and family whilst stating that the  Bahria Town had played a key role in all of the social work activities in the country. “Successful and prominent businesses have a responsibility to serve community and Malik Riaz Hussain is fulfilling his responsibility in a befitting manner,” he further added to his statement.

Moreover, the host of this event; Human Rights Group, specified and appreciated the contributing efforts by the Malik riaz and family for the welfare of the general masses. Malik Riaz. They further quoted Malik Riaz as the “humanitarian amongst the businessmen” in the country.

It has been specifically mentioned that  Bahria Town donated Rs 200 million for the drought victims in Tharparkar whereas a sum of  Rs100 million  was announced  for the help of the victims by the respective provincial government. Also, More than 100,000 people get free meals twice a day by Bahria Town Dastarkhwans, spread across 15 different locations in the country.

Malik Riaz Hussain, Chairman, Bahria Town

Mr. Malik Riaz is a dynamic, visionary, social & entrepreneurial personality who has revolutionized the housing industry in Pakistan. He is known at home & abroad as a builder, developer & dynamic entrepreneur.

One of the prime examples of his vision and the ability to deliver on a galactic scale is the Bahria Town project in Pakistan, which is Asia’s largest private real estate development in terms of area and infrastructure. Embellishing the covers and insides of world’s leading magazines like the Newsweek International, Bahria Town is an absolutely stunning masterpiece that for the first time has introduced the highest living standards to Pakistan.

Malik Riaz Hussain

He has forever raised the standards of real estate development by giving awareness to the customer. The real estate sector has today been formally recognized as an industry in Pakistan. Bahria Town has established the national economy by motivating pure foreign investment in real estate sector, his innovative concepts and unique technologies are practiced by all other urban developers in the country.

The effects of his value system are far reaching. In only a short span of decade, he has created business opportunities for over 1000 local suppliers an employs more than 200,000 workers in direct and indirect employment. Every house that is built supports more than 55 allied industries.

Also his personal contribution to organizations and fields outside the realm of his business interests presents his selfless efforts and generous social work towards nation-building.

Malik Riaz Hussain has been awarded the prestigious “Businessman of the Year 2008” award by Rawalpindi Chamber of Commerce & Industry for his extraordinary achievements and services in the housing sector, which was presented to him by Mian Shahbaz Sharif, Chief Minister of the biggest province of Pakistan.

Besides helping the economy of the Pakistan in several forms Malik Riaz is also one of the leading philanthropic personalities of the country. He has a separate department responsible for charitable projects and the people from the company are directly involved in these initiatives.  

In order to mitigate the housing crisis in Pakistan, annual deficit of 350,000, he has launched Awami Villas that caters exclusively to the needs of the lower income segment in the country; which has the fastest growing middle class in the region. He has taken this initiative without any profit motivation; a large share of the cost of the project will be borne by him.

 “I want to be remembered as remembered as a Philanthropist not a Real Estate Tycoon.” His close friends & colleagues hear him say this time & again.

Educational & Family Background

Malik Riaz Hussain was born a 3rd child to a middle class family of eight.

He is not a graduate he simply completed his basic schooling from the local school here in Rawalpindi, Pakistan.

In all humanity, he stated that he started his career with only fifteen hundred rupees and this amount too had been borrowed from relatives. A small contract from a military engineering service jump started his practical career. As of 1969 he had no bungalow, car or even a motor cycle or bicycle to his name. It was in such difficult times in 1971 that his one and a half years daughter contracted food poisoning and consequently suffered from diarrhea and vomiting. He took her to the doctor. Unfortunately, in such a situation he did not have the money to buy medicines prescribed by the doctor, upon this he was compelled to sell his household brass water container for Rs. 45 with which he purchased medicine from a chemist. Later he got his daughter admitted to the Hospital, and the sale of other household utensils paid for rest of her treatment.

Henceforth his financial condition rapidly improved. From 1969 to May 1986 he kept entertaining Military Engineering Services contracts. In 1996, he entered in a joint venture with the Bahria Foundation of Pakistan Navy and together launched the Bahria Town. Later Pakistan Navy was separated from the project & Malik Riaz Hussain took on the project himself.