Seth Abid Hussain

Seth Abid Hussain (1933 – 8 January 2021)[3] was a Pakistani billionaire and gold merchant philanthropist.[4][5][6][7]

Seth Abid Hussain
Born1933
Kasur, Pakistan[1]
Died (aged 88)
Other namesThe King of Gold
OccupationBusinessman[2]

It is said that when the US government banned Pakistan from importing nuclear reprocessing plants, it was Hussain who delivered them to Pakistan from France by sea. Also, when Pakistan gained independence in 1947, they lacked finances, Abid was then requested confidentially by the government of Pakistan to smuggle gold which he later revealed was in the form of cars made of gold, hence his title.[8][9] His net worth in 2017 was estimated to be around 3 billion dollars. He was nicknamed "The King of Gold" in Pakistan.[10]

Welfare work

Hussain was the founder of Hamza Foundation Academy for the Deaf in Lahore and initial donor of Shaukat Khanum Memorial Cancer Hospital and Research Centre as per Imran Khan.[11][12]

References
  1. "Seth Abid's son, four others killed". Dawn.com. 3 November 2006.
  2. "Imran Khan expresses sorrow over demise of renowned businessman Seth Abid". Radio.gov.pk.
  3. "Renowned philanthropist Seth Abid passes away". The Pakistan Daily. 9 January 2021. Retrieved 11 January 2022.
  4. "PM Imran Khan expresses sorrow over demise of Seth Abid Hussain". Arynews.tv. 10 January 2021.
  5. "Seth Abid passes away". Thenews.com.pk.
  6. "Seth Abid Hussain Passes Away In Karachi". UrduPoint.com.
  7. "Seth Abid Hussain passes away at 85". Daily Pakistan Global. 8 January 2021.
  8. "Seth Abid dies". Brecorde.comr. 9 January 2021.
  9. "PM Imran condoles death of Real Estate Magnate Seth Abid Hussain". Bolnews.com. 10 January 2021.
  10. "The king of gold: Saith Abid — One man's journey from extreme poverty to becoming Pakistan's richest person | Political Economy | thenews.com.pk". www.thenews.com.pk. Retrieved 8 August 2022.
  11. "Hamza Foundation". Archived from the original on 1 December 2020. Retrieved 10 January 2021.
  12. Khan, Imran [@ImranKhanPTI] (9 January 2021). "Saddened to learn of the passing of Seth Abid Hussain. He was one of the early donors of SKMT. Condolences and prayers go to his family" (Tweet). Archived from the original on 12 January 2021. Retrieved 22 January 2021 – via Twitter.


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