Dewan Yousuf Farooqui net worth is estimated at about $900 million in one 2026 ranking, placing him 14th on the A1 Blogs Rich List 2026. He chairs the Dewan Mushtaq Group, which was once one of Pakistan’s fastest-growing conglomerates in cars, polyester fibre, cement and sugar. The estimate is especially uncertain, because several group companies have been in default since 2008.
#14A1 Rich List- Net worth
- Est. $900M (Published estimate (PropertyAI.pk, 2026)). Several group companies have been in default since 2008, so this estimate is especially uncertain.
- Source of wealth
- Dewan Group
- Industry
- Cars, cement, textiles, sugar
- Self-made or inherited
- Inherited
- Born
- Karachi
- Citizenship
- Pakistan
- Residence
- Karachi
Table of Contents
Dewan Yousuf Farooqui net worth in 2026
The $900 million figure comes from a published 2026 ranking of Pakistan’s richest people. No other source we found gives a figure, and Forbes and Bloomberg do not track him. Given the group’s financial history, readers should treat this estimate with more caution than most on our list.
A century-old trading family
The Dewan Group traces its roots to 1912, when Dewan M. Mushtaq Farooque began trading second-hand garments between Karachi and Delhi. After Partition the family settled in Karachi and founded Dewan Mushtaq Sons in 1948.
Rapid expansion
From the 1990s the group expanded fast into manufacturing:
- Dewan Salman Fibre: polyester fibre, in partnership with Mitsubishi Corporation from 1992
- Dewan Farooque Motors: a car assembler founded in 1998, which produced Kia vehicles from around 2000
- Dewan Cement: with plants near Karachi and at Hattar
- Dewan Sugar Mills and Dewan Petroleum
At its peak the group was one of the most recognisable business names in Karachi.
Defaults and restructuring
The expansion was financed heavily with debt. An attempt to restructure Dewan Salman Fibre’s loans failed in 2006, and by 2008 all entities in the group were reporting losses and defaulted. Several Dewan companies are still listed as defaulters, and the group has spent years in restructuring talks with lenders.
The story is a reminder that a large business empire does not always mean a large personal fortune, especially when much of it is built on borrowed money. Our guide on how to invest in the PSX explains why investors check a company’s debt before buying its shares.
Public service
Dewan Yousuf Farooqui served as a Sindh provincial minister from 1999 to 2003, with portfolios including local bodies, industries, labour, transport and mines. In 2007 he was caretaker finance minister of Sindh. He received the Sitara-i-Imtiaz in 2005.
Key dates
- 1912: Dewan M. Mushtaq Farooque starts trading between Karachi and Delhi
- 1948: Dewan Mushtaq Sons is founded in Karachi
- 1992: Dewan Salman Fibre partners with Mitsubishi
- 1998: Dewan Farooque Motors is founded
- 1999 to 2003: Dewan Yousuf Farooqui serves as a Sindh minister
- 2006: a debt restructuring fails
- 2008: group companies default
How the A1 Rich List estimates net worth
We use Forbes’ real-time figure where Forbes tracks a person. For everyone else we use the most widely cited published estimate, from sources such as Wikipedia’s list of Pakistanis by net worth, the Sunday Times Rich List and Pakistani business publications, and we name the source on each profile. Where reports give a range, we rank on the midpoint. Private companies are hard to value, so treat every estimate as a guide rather than an exact figure.
Frequently asked questions
What is Dewan Yousuf Farooqui’s net worth?
About $900 million according to one 2026 ranking, though the figure is uncertain because of the group’s defaults.
What companies does the Dewan Group own?
Its businesses include Dewan Farooque Motors, Dewan Cement, Dewan Salman Fibre, Dewan Sugar Mills and Dewan Petroleum.
Why did the Dewan Group default?
It borrowed heavily to expand; a debt restructuring failed in 2006, and by 2008 group companies were reporting losses and defaulted.
See the full list of the richest people in Pakistan, and the group’s history on Wikipedia.
