Biography of Seth Abid:
Labeled as ‘The King of Gold’ or ‘Pakistan’s wealthiest individual,’ the moniker of Sheikh Abid Hussain, also known as Saith Abid, has been inseparable from opulence in Pakistan for decades. The tales spun around his persona have transcended into folklore, captivating not only the nation’s affluent class but also resonating with the lower middle class. However, beyond sporadic online images and a handful of skeptical blogs, Saith Abid’s personal life remains in mystery. Interestingly, even the idea most commonly utilized by media outlets to report his demise and the purported information regarding his family stand incorrect from a factual perspective.
Early life & childhood:
Born into a family of potters in the town of Kasur, Saith Abid experienced his early years amidst challenging financial circumstances. During his formative years, Abid and his childhood companions collaborated with two siblings hailing from Lahore, one of whom later became his brother-in-law. Together, they delved into the illicit realm of gold smuggling.
Career:
Seth Abid was one of the most influential and resourceful builders of Pakistan. Seth Abid developed housing schemes under the brand name Green Fort.
Philanthropic Efforts:
Beyond his business endeavors, Saith Abid is recognized for his philanthropic endeavors. He has demonstrated a commitment to giving back to the community through various charitable initiatives. His contributions reflect his belief in the importance of social responsibility.
As he grew older, philanthropy took on an escalating role. In honor of his deceased son, he commissioned the construction of multiple mosques in Karachi and Lahore. Every year during the holy month of Ramadan, he oversaw the distribution of rations valued at Rs 100 million.
Preceding this, he established the Hamza Foundation, an educational institution catering to the hearing-impaired, which is a testament to his commitment. Located in Lahore, the foundation maintains exceptional educational standards. His considerable contributions to the Shaukat Khanum Cancer Memorial Hospital and the Namal Foundation held special significance, especially during what Imran Khan described as ‘the most challenging periods’.
Net worth:
Seth Abis possesses a net worth of 780 USD, highlighting his financial success and achievements in various endeavors. This substantial net worth reflects his adeptness in navigating the business landscape and making impactful investments. It showcases his ability to create value and capitalize on opportunities, solidifying his position as a prominent figure in finance and commerce. As with all financial matters, it’s advisable to consult up-to-date sources for the most accurate and current information.
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