Smart Earning Methods has always been the most controversial place to reveal the networths of the the famous politicians and leaders and this time, we are now focusing on something even bigger. After a detailed analysis, here we are with the most appropriate net worth of Shahbaz Sharif in 2014.
Also known as Mian Shahbaz Sharif, he is a famous Pakistani politician and a public figure who is currently the Chief Minister of Punjab, Pakistan. He is the brother of Nawaz Sharif and is also the recent Prime Minister of Pakistan. He is the second incharge of the Pakistan Muslim League (N) after his brother and so chairs over its regional chapter of Punjab. During the 1988 elections, he was elected to the Provincial Assembly of the Punjab but was exile to Saudi Arabia with his entire family but later returned along with them in 2007.
His estimated net worth is around 1.4 billion dollars but according to the statements of all the assets and liabilities submitted by Mian Shahbaz Sharif to the Election Commission Of Pakistan, his complete net worth is the assets of Shahbaz Sharif Rs336.9 million which is way more than his own brother. The income of Shahbaz was Rs3.1 million in 2010 which swelled to Rs12.8 million in 2011 and Rs14. 9 million in 2012. He remunerated Rs 0.25 million, Rs 2.2 million and Rs 2.6 million as income tax. In 2010, his agricultural revenue from 867 canals was Rs 3.5 million. His agricultural income from 931 canals endured Rs 0.75 million and Rs 2.3 million in 2010 and 2011. It jet to Rs 3.5 million in 2012 when the land holding augmented to 1,346 canals. He compensated Rs 61,500, Rs0.29 million and Rs504 million taxes.
He belongs to Sharif family and so his family possesses Ittefaq Group, a multimillion dollar steel multinational company. His entire family is considered as the fourth wealthiest countries in Pakistan with an estimated net worth of $1.4 billion according to Daily Pakistan. He has expanded his family business in steel industry by employing state of the art technology in the recent years that has made him even wealthier. Since he belongs to such a wealthy family, his lifestyle is luxurious which also makes him the owner of the extravagant Raiwind Palace of Lahore with his entire family and kids as well.
All for now,