Personal Profile About Sadruddin Hashwani
Sadruddin Hashwani is a Pakistani businessman, industrialist, and hotelier. He serves as the founder and chairman of the Hashoo Group, which owns the Pearl Continental Hotels chain and operates Marriott hotels in Pakistan. The Sadruddin Hashwani biography states that he was born into a Khoja Ismaili family. He studied at the University of Karachi but dropped out to pursue business.
He began his career in 1958 as a transportation contractor and later entered cotton trading. In 1960, he founded Hassan Ali & Company with his brother. The company became one of Pakistan’s largest cotton exporters in the 1960s and 1970s. He established the Hashoo Group in 1984. Sadruddin has received Pakistan’s highest civilian award, the Nishan-e-Imtiaz.
Sadruddin Hashwani Net Worth
Sadruddin Hashwani net worth is estimated between $2 billion and $4 billion USD. However, it is not confirmed. He consistently ranks among the top 5 richest people in Pakistan. His wealth comes from the Hashoo Group, which spans luxury hospitality, oil and gas, real estate, pharmaceuticals, and manufacturing.
Sadruddin Hashwani Daughter
Sadruddin Hashwani has three daughters: Nadia Hashwani, Sarah Hashwani, and Shazia Hashwani. Sadruddin Hashwani daughter, Sarah Hashwani, is a business executive within the family enterprise. Shahzia Hashwani is described as a family enterprise leader, and Nadia Hashwani is involved in philanthropy work.
Sadruddin Hashwani Son
Sadruddin Hashwani has two sons: Murtaza Hashwani and Hassan Ali Hashwani. Sadruddin Hashwani son, Murtaza Hashwani, serves as the CEO of Hashoo Group and is the next-generation leader of the family business empire. In April 2016, Hashwani and his son Murtaza were named in the Panama Papers.
Sadruddin Hashwani Business
Sadruddin Hashwani business includes the Hassan Ali Company, which was nationalized in 1973. In 1978, he launched the Holiday Inn hotel in Islamabad and in Karachi in 1981. Both hotels were converted to the Marriott brand in the 1990s.
In 1985, he acquired Pakistan Services Limited, which owned four Inter-Continental Hotels across Pakistan, and rebranded them as Pearl Continental Hotels. Today, the Hashoo Group's core businesses also include Zaver Petroleum and Ocean Pakistan Ltd. in oil and gas, Gelcaps Pakistan in pharmaceuticals, and Hashoo Holdings in financial and industrial holdings.