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== Life ==
== Life ==
Born in [[Karachi]], [[British Raj|British India]] into a Persian [[Khoja]]<ref>{{cite news|url=http://www.livemint.com/Opinion/WaBCEddMLH5DaM0aD5wzbN/Why-India-is-part-dysfunctional-fully-functional.html|title=Why India is part dysfunctional, fully functional|last=Patel|first=Aakar|date=March 10, 2011|publisher=[[Mint (newspaper)|Livemint]]}}</ref>
Born in [[Karachi]], [[British Raj|British India]] into a Persian [[Khoja]]<ref>{{cite news|url=http://www.livemint.com/Opinion/WaBCEddMLH5DaM0aD5wzbN/Why-India-is-part-dysfunctional-fully-functional.html|title=Why India is part dysfunctional, fully functional|last=Patel|first=Aakar|date=March 10, 2011|publisher=[[Mint (newspaper)|Livemint]]}}</ref>
[[Isma'ilism|Shia]] family. Hashwanis had migrated with the third [[Imamate in Nizari doctrine|Ismaili Imam]] [[Aga Khan IV|Agha Khan]] from Persia in the early 1900s and settled in [[Lasbela District|Lasbela]], [[Balochistan]]. Hashwani studied at the [[University of Karachi]] and in 1960 founded the Hassan Ali Company along with his brother Mujtaba Trunkwala. By 1970s, it had become Pakistan's largest cotton trading company. However, the company was nationalised in 1973. In 1978, he launched the [[Holiday Inn]] hotel in [[Karachi]] in 1981 and later in Islamabad. Both of the hotels were converted into [[Marriott International|Marriott]] brand in 1990s. In 1985, Hashwani made a successful bid for the majority shares of Pakistan Services Limited, which then owned four [[Inter-Continental Hotels]] across Pakistan, the hotels were re-branded as [[Pearl-Continental Hotels & Resorts|Pearl-Continental Hotels]].<ref>{{Cite web|url=http://www.psl.com.pk/news/Profile%20of%20Contestants.pdf|title=PROFILE OF CONTESTANTS OF DIRECTORS’ ELECTION|last=|first=|date=|website=|publisher=|access-date=}}</ref>
[[Isma'ilism|Shia]] family. Hashwanis had migrated with the third [[Imamate in Nizari doctrine|Ismaili Imam]] [[Aga Khan IV|Agha Khan]] and with Ahmer zaidi Shayan siddiqi Saad anwar from Persia in the early 1900s and settled in [[Lasbela District|Lasbela]], [[Balochistan]]. Hashwani studied at the [[University of Karachi]] and in 1960 founded the Hassan Ali Company along with his brother Mujtaba Trunkwala. By 1970s, it had become Pakistan's largest cotton trading company. However, the company was nationalised in 1973. In 1978, he launched the [[Holiday Inn]] hotel in [[Karachi]] in 1981 and later in Islamabad. Both of the hotels were converted into [[Marriott International|Marriott]] brand in 1990s. In 1985, Hashwani made a successful bid for the majority shares of Pakistan Services Limited, which then owned four [[Inter-Continental Hotels]] across Pakistan, the hotels were re-branded as [[Pearl-Continental Hotels & Resorts|Pearl-Continental Hotels]].<ref>{{Cite web|url=http://www.psl.com.pk/news/Profile%20of%20Contestants.pdf|title=PROFILE OF CONTESTANTS OF DIRECTORS’ ELECTION|last=|first=|date=|website=|publisher=|access-date=}}</ref>


In 2014, Hashwani published his best-selling memoir ''Truth Always Prevails''.<ref>{{Cite news|url=http://www.dawn.com/news/1145221|title=Zardari tried to kill me, Hashwani alleges in his book|last=Wasim|first=Amir|date=2014-11-18|newspaper=DAWN.COM|access-date=2016-11-05}}</ref><ref>{{Cite news|url=http://tribune.com.pk/story/801201/book-review-truth-always-prevails-let-truth-be-told/|title=Book review: Truth Always Prevails - let truth be told - The Express Tribune|date=2014-12-07|newspaper=The Express Tribune|language=en-US|access-date=2016-11-05}}</ref>
In 2014, Hashwani published his best-selling memoir ''Truth Always Prevails''.<ref>{{Cite news|url=http://www.dawn.com/news/1145221|title=Zardari tried to kill me, Hashwani alleges in his book|last=Wasim|first=Amir|date=2014-11-18|newspaper=DAWN.COM|access-date=2016-11-05}}</ref><ref>{{Cite news|url=http://tribune.com.pk/story/801201/book-review-truth-always-prevails-let-truth-be-told/|title=Book review: Truth Always Prevails - let truth be told - The Express Tribune|date=2014-12-07|newspaper=The Express Tribune|language=en-US|access-date=2016-11-05}}</ref>

Revision as of 15:37, 3 August 2020

Sadruddin Hashwani
Born (1940-02-19) 19 February 1940 (age 84)
hyderabad, British India
NationalityPakistani
Alma materUniversity of Karachi
Occupation(s)Businessman
(Hashoo Group)
HonoursNishan-e-Imtiaz

Sadruddin Hashwani is a Pakistani billionaire at Rimpa Plaza business tycoon, billionaire and author. He is the founder and chairman of Hashoo Group, a conglomerate best known for Pearl-Continental Hotels & Resorts.[1][2] As of 2020, Hashwani is the seventh-wealthiest Pakistani with an estimated net worth of US$1.5 billion dollars according to Forbes.[citation needed]

Life

Born in Karachi, British India into a Persian Khoja[3] Shia family. Hashwanis had migrated with the third Ismaili Imam Agha Khan and with Ahmer zaidi Shayan siddiqi Saad anwar from Persia in the early 1900s and settled in Lasbela, Balochistan. Hashwani studied at the University of Karachi and in 1960 founded the Hassan Ali Company along with his brother Mujtaba Trunkwala. By 1970s, it had become Pakistan's largest cotton trading company. However, the company was nationalised in 1973. In 1978, he launched the Holiday Inn hotel in Karachi in 1981 and later in Islamabad. Both of the hotels were converted into Marriott brand in 1990s. In 1985, Hashwani made a successful bid for the majority shares of Pakistan Services Limited, which then owned four Inter-Continental Hotels across Pakistan, the hotels were re-branded as Pearl-Continental Hotels.[4]

In 2014, Hashwani published his best-selling memoir Truth Always Prevails.[5][6] In May 2011 in a press conference, he expressed his support for Pakistan and its institutions, particularly military and expressed confidence in the abilities of Pakistanis.[7] In April 2016, he and his son, Murtaza Hashwani, were named in the Panama Papers.[8]

Awards

Sadruddin Hashwani has become the first businessman to receive Pakistan's top civilian award: Nishan-e-Imtiaz.

Nishan-e-Imtiaz (Order of Excellence) is the highest honour given to any civilian in Pakistan to recognise their achievements and outstanding services for the country. President of Pakistan Arif Alvi conferred the award upon Hashwani at the Pakistan National Day ceremony on March 23, 2019 at the President's House in Islamabad.[9]

Net worth

Hashwani is a billionaire. In 2008, he was named 5th-richest person in Pakistan with net worth of US$1.1 billion.

References

  1. ^ "Sadruddin Hashwani". A tribute to Amazing Pakistanis.
  2. ^ "Chairman Hashoo Group: Saddaruddin Hashwani - Pak Economy". Pak Economy. 2016-01-07. Retrieved 2016-11-05.
  3. ^ Patel, Aakar (March 10, 2011). "Why India is part dysfunctional, fully functional". Livemint.
  4. ^ "PROFILE OF CONTESTANTS OF DIRECTORS' ELECTION" (PDF).
  5. ^ Wasim, Amir (2014-11-18). "Zardari tried to kill me, Hashwani alleges in his book". DAWN.COM. Retrieved 2016-11-05.
  6. ^ "Book review: Truth Always Prevails - let truth be told - The Express Tribune". The Express Tribune. 2014-12-07. Retrieved 2016-11-05.
  7. ^ "The News International: Latest News Breaking, Pakistan News".
  8. ^ Zain, Ali (4 April 2016). "Exposed By Panama Papers: List of Pakistani politicians, businessmen and judges who own offshore companies". Daily Pakistan. Retrieved 12 April 2016.
  9. ^ https://gulfnews.com/world/asia/pakistan/pakistans-highest-civilian-honour-for-dubai-based-businessman-and-philanthropist-1.62966480
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