From Being Ousted and Exiled to Making Repeated Comebacks: Nawaz Sharif's Politics and Net Worth
| Name | Nawaz Sharif |
| Net Worth | $1.6 Billion |
| Sources of Income | Business |
| Gender | Male |
| Date of Birth | Dec 25, 1949 |
| Age | 73 years |
| Nationality | Pakistani |
| Profession | Politician and businessman |
From his popularity as a politician in the 90s to his notoriety fueled by corruption allegedly exposed by the Panama Papers leak, former Pakistani Prime Minister and political bigwig Nawaz Sharif has amassed a massive net worth of $1.6 billion. His battles to survive in the corridors of power in Pakistan's volatile political atmosphere have earned him the reputation of the "Lion of the Punjab." Sharif's political journey includes three non-consecutive terms as Prime Minister of Pakistan over a period of nine years. Nawaz Sharif returned to Pakistan after a four-year self-imposed exile in the UK, aiming for a political comeback ahead of the delayed January 2024 elections. The 73-year-old leader of the Pakistan Muslim League-Nawaz (PML-N) kicked off his journey by inheriting his family's steel, sugar, and textiles conglomerate, before entering politics to quickly rise up the ranks and become the Chief Minister of Punjab in the 80s. Being close to former dictator Zia Ul Haq, he became the Pakistani Prime Minister in the next five years, and was first ousted and forced to flee the country by another dictator Pervez Musharraf following the Kargil War. Sharif returned to Pakistan after years in exile in Saudi Arabia, following the ouster of Musharraf after a pro-democracy movement. While he lost to the Pakistan People's Party in the first election of the new democracy, he won the following polls, but was again ousted when his name appeared in the notorious Panama Papers.
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What are Nawaz Sharif's sources of income?
Although he is known primarily as one of South Asia's most powerful politicians, Sharif's family business under Ittefaq Group and the Sharif clan's land holdings have been his sources of income. Sharif has also authored two books in his career: "Model Town Ka Beta" (2000), an autobiography published by Model Town Publications, and "Ghaddar Kaun? Nawaz Sharif Ki Kahani Un Ki Zabani" (2006), a 456-page book released by Sagar Publications, offering his perspective on his political journey.
Nawaz Sharif's salary
Sharif has served as the Prime Minister, Leader of the Opposition, and Chief Minister of Punjab, all of which come with a monthly salary of approximately $8,400.
Nawaz Sharif's real estate and other assets
The Sharif family possesses an array of valuable properties in London, totaling almost $39 million. These assets include properties like Eaton Square, Eaton Place, Duke Street Mansion, Cadogan Square, and Drake House at Saint George Wharf. Avenfield House, situated on Park Lane and offering a scenic view of Hyde Park, is one of their prized possessions, worth more than $7 million, while Hussain Nawaz recently sold One Hyde Park for more than $52 million.
Nawaz Sharif's social media following
| 1.1 Million Followers | |
| 587,000 Followers |
Personal life
Nawaz Sharif was born on December 25, 1949, in Lahore, Punjab. He hails from a Kashmiri family settled in Punjab, and his father, Muhammad Sharif, was a successful businessman and industrialist. Nawaz Sharif is married and has three children. His wife, Kalsoom Nawaz, was a prominent political figure in Pakistan and served as the First Lady during Nawaz Sharif's various terms as Prime Minister. However, she sadly passed away in London on September 11, 2018, after a battle with cancer. Among Sharif's children, his daughter Maryam Nawaz is a well-known political figure in Pakistan and has played a significant role in her father's political endeavors. His sons Hassan Nawaz and Hussain Nawaz, are primarily known for their business activities and have been at the centre of legal and political controversies.
FAQs
Why was Nawaz Sharif exiled?
Nawaz Sharif was removed from office and disqualified from holding public office in 2018 due to revelations from the Panama Papers case.
What were some key actions taken by Nawaz Sharif during his time as Prime Minister?
Nawaz Sharif was the first industrialist to lead Pakistan, aimed to reverse socialist policies, attempted to establish Islamic sharia law as the supreme law in 1991, and oversaw Pakistan's first nuclear tests in May 1998.
Has Nawaz Sharif faced previous dismissals from office?
Yes, Nawaz Sharif's government was dismissed in 1993 due to corruption and he was overthrown in a coup in 1999, but he was re-elected in 2013 for a third term as Prime Minister.