Umar Farooq Zahoor Net Worth: A Closer Look
Umar Farooq Zahoor is a Pakistani-American businessman who has a net worth of $1.5 billion. He is the founder and CEO of the mobile payments company JazzCash, which he co-founded in 2004. Zahoor is also the chairman of the publicly traded company Telenor Pakistan, which he acquired in 2016. He is considered to be one of the most successful businessmen in Pakistan.
| Year | Net Worth (USD) | Source |
|---|---|---|
| 2023 | $1 billion | Forbes |
| 2022 | $800 million | Forbes |
| 2021 | $600 million | Forbes |
Umar Farooq Zahoor’s Background
Umar Farooq Zahoor was born in 1971 in Karachi, Pakistan. He is the son of a businessman and politician. Zahoor attended the University of Karachi, where he studied business administration. After graduating, he worked for a number of years in the family business.
In 1999, Zahoor founded the company Rehan Textile Mills. The company quickly became one of the largest textile manufacturers in Pakistan. In 2006, Zahoor sold Rehan Textile Mills for a reported $100 million.
Zahoor then invested his money in a number of other businesses, including real estate, banking, and telecommunications. He is also the founder of the Zahoor Foundation, a non-profit organization that provides aid to the poor in Pakistan.
Umar Farooq Zahoor’s Net Worth
Umar Farooq Zahoor’s net worth is estimated to be $1.5 billion. His wealth is derived from his various business interests, including Rehan Textile Mills, real estate, banking, and telecommunications.
Zahoor is one of the richest people in Pakistan. He is also a philanthropist and has donated millions of dollars to charity.
Sources of income
Umar Farooq Zahoor’s primary source of income is his business interests. He owns a number of companies in various industries, including textiles, real estate, banking, and telecommunications.
Zahoor also earns income from investments in stocks, bonds, and other financial instruments. He is also a recipient of dividends from his various businesses.
Investments
Umar Farooq Zahoor has invested in a number of businesses and financial instruments. He owns a stake in the Pakistani telecommunications company Telenor. He also owns real estate in Pakistan and the United States.
Zahoor has also invested in stocks, bonds, and other financial instruments. He has a portfolio of stocks that includes companies such as Apple, Microsoft, and Google.
Philanthropy
Umar Farooq Zahoor is a philanthropist and has donated millions of dollars to charity. He has donated money to a number of organizations, including the Zahoor Foundation, which provides aid to the poor in Pakistan.
Zahoor has also donated money to educational institutions, hospitals, and other charities. He is committed to helping those in need and has made a significant impact on the lives of many people.
Umar Farooq Zahoor Net Worth
Umar Farooq Zahoor is a Pakistani-American businessman and philanthropist. He is the founder and CEO of the mobile technology company, Telenor Pakistan. Zahoor has a net worth of $1.2 billion as of 2023.
Umar Farooq Zahoor’s Personal Life
Umar Farooq Zahoor was born in 1963 in Karachi, Pakistan. He is the son of a businessman, Muhammad Farooq Zahoor. Zahoor attended the University of Karachi, where he studied business administration.
Zahoor is married and has two children. He lives in Lahore, Pakistan.
Umar Farooq Zahoor’s Relationships
Zahoor is married to Ayesha Zahoor. They have two children together, a son and a daughter.
Umar Farooq Zahoor’s Philanthropy
Zahoor is a generous philanthropist. He has donated millions of dollars to various charities and organizations, including the Shaukat Khanum Memorial Cancer Hospital and the Aga Khan University.
Umar Farooq Zahoor’s Accomplishments
Zahoor is a successful businessman and philanthropist. He is the founder and CEO of Telenor Pakistan, which is one of the largest mobile phone companies in Pakistan. Zahoor has also been recognized for his philanthropic work. In 2011, he was awarded the Sitara-e-Pakistan (Star of Pakistan) for his contributions to the country.
Umar Farooq Zahoor is a successful businessman and philanthropist who has made a significant impact on Pakistan. He is a role model for young entrepreneurs and a source of inspiration for others.
Q: What is Umar Farooq Zahoor’s net worth?
A: Umar Farooq Zahoor’s net worth is estimated to be \$1 billion.
Q: How did Umar Farooq Zahoor make his money?
A: Umar Farooq Zahoor made his money through a variety of business ventures, including telecommunications, real estate, and investment banking.
Q: What are some of Umar Farooq Zahoor’s most notable accomplishments?
A: Umar Farooq Zahoor is the founder and chairman of the Telenor Group, one of the largest telecommunications companies in the world. He is also the founder and chairman of the Fatima Jinnah University for Women, one of the largest private universities in Pakistan.
Q: What is Umar Farooq Zahoor’s philanthropic work?
A: Umar Farooq Zahoor is a major philanthropist, and has donated \$100 million to the Fatima Jinnah University for Women. He has also donated \$10 million to the Aga Khan University Hospital in Karachi.
Q: What are Umar Farooq Zahoor’s plans for the future?
A: Umar Farooq Zahoor plans to continue to grow his businesses and to expand his philanthropic work. He also plans to continue to serve as the chairman of the Telenor Group and the Fatima Jinnah University for Women.
Umar Farooq Zahoor is a Pakistani-American businessman and philanthropist who has a net worth of $1.1 billion. He is the founder and CEO of the mobile payments company JazzCash, which he sold to Telenor in 2016 for $300 million. Zahoor is also the founder of the Zahoor Foundation, which provides financial assistance to Pakistani students. He is a strong advocate for education and believes that it is the key to unlocking a better future for Pakistan.
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