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SL tycoon on Gulf News South Asia rich list

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South Asia’s billionaire titans: Mukesh Ambani, Shahid Khan, Mossa Bin Shamsher, Binod Chaudhary, and Ishara Nanayakkara — leaders of wealth across five nations. (Image courtesy Gulf News)

Sri Lankan businessman Ishara Nanayakkara is among South Asia’s wealthiest individuals in the Gulf News 2025 rich list, with an estimated net worth of USD 1.6 billion.

The ranking places Nanayakkara alongside some of the region’s most prominent tycoons, led by India’s Mukesh Ambani, whose staggering USD 118 billion fortune towers over the rest. Ambani’s wealth is nearly 10 times greater than that of Pakistan’s Shahid Khan (USD 13.5 billion), who ranks second.

Others on the list include Bangladesh’s Mossa Bin Shamsher (who claims USD 12 billion) and Nepal’s Binod Chaudhary (USD 1.6 billion).

According to Gulf News, Ambani’s dominance underscores India’s outsized presence in the region’s billionaire club, but Nanayakkara’s inclusion marks a rare Sri Lankan appearance in a ranking long dominated by Indian and Pakistani magnates.

Full text of Gulf News report: As of 2025, Mukesh Ambani, chairman and managing director of Reliance Industries, continues to be the wealthiest person in India and South Asia, with a staggering net worth estimated at $118 billion. His diversified empire spans telecom (Jio), energy, petrochemicals, and retail, cementing his position as a global business magnate. But how does Ambani’s wealth compare to the wealthiest individuals in neighbouring South Asian countries like Pakistan, Nepal, Sri Lanka, and Bangladesh?

Pakistan: Shahid Khan — $13.5 Billion: Shahid Khan, a Pakistani-American billionaire based in the U.S., is widely recognised as the wealthiest person of Pakistani origin. Born in Lahore, Khan made his fortune through Flex-N-Gate, an auto parts company. He also owns the Jacksonville Jaguars (NFL) and Fulham F.C. (UK football). His estimated net worth is $13.5 billion. In Pakistan itself, the wealthiest resident businessman is often cited as Mian Muhammad Mansha, with a net worth of around $3 billion. He heads the Nishat Group, involved in textiles, banking (MCB), and power generation.

Bangladesh: Mossa Bin Shamsher — Claims $12 Billion: In Bangladesh, Mossa Bin Shamsher is a well-known and controversial figure, often referred to as the wealthiest man in the country. He claims a net worth of over $12 billion, primarily from international arms brokerage and global business investments. However, these figures remain unverified by global financial rankings like Forbes. Regardless, Mossa remains a public figure known for his lavish lifestyle, political connections, and philanthropic efforts.

Nepal: Binod Chaudhary — $1.6 Billion: Nepal’s only billionaire, Binod Chaudhary, has a net worth of approximately $1.6 billion. Best known for his Wai Wai noodles brand, Chaudhary heads the Chaudhary Group (CG Corp Global), which operates in sectors ranging from FMCG and electronics to hospitality and real estate.Despite operating in a smaller economy, Chaudhary has managed to build a multinational presence, making him a unique success story in South Asia.

Sri Lanka: Ishara Nanayakkara — $1.6 Billion: As of 2025, Ishara Nanayakkara has emerged as Sri Lanka’s wealthiest person, overtaking Dhammika Perera. With a net worth of around $1.6 billion, he leads LOLC Holdings, a diversified financial services and investment conglomerate with operations in over 10 countries. Nanayakkara has played a pivotal role in expanding Sri Lanka’s presence in the global microfinance and insurance sectors.

The Wealth Gap: Ambani in a league of his own. Despite the wealth and influence of these regional billionaires, Mukesh Ambani’s net worth dwarfs all others in South Asia. His $118 billion fortune is nearly 10 times that of Shahid Khan and far beyond the combined wealth of top tycoons in Bangladesh, Nepal, and Sri Lanka.Whether measured by business scale, global influence, or verified wealth, Ambani stands alone as the undisputed financial powerhouse of the region.



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Opposition asks for PSC to probe Treasury theft

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Sajith

Opposition and SJB Leader Sajith Premadasa has called for the appointment of a Parliamentary Select Committee (PSC) to investigate the illegal diversion of Treasury funds, amounting to US$2.5 million to a third-party account.

Premadasa has said both the chairmanship and a majority of the Committee’s membership should be held by the Opposition to ensure impartiality.

The government has not only failed to account for the loss of US$2.5 million but also deliberately withheld information from Parliament, the Committee on Public Finance (COPF) and the public, Premadasa has told the media, accusing the ruling party of seeking to deflect responsibility by initiating an internal departmental inquiry, which he describes as a biased process designed to justify predetermined conclusions.

The Opposition Leader has said only a transparent and independent probe could establish the facts, adding that such an investigation could be effectively carried out through a Parliamentary Select Committee led by the Opposition.

He has also warned that the alleged failure to inform Parliament about the missing funds amounted to a serious breach of accountability.

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Hanthana land plots given to 44 disaster-hit families

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One of the beneficiaries receiving an instrument from Minister of Agriculture, Lands, Livestock and Irrigation, KD Lalkantha, at the event.

A land distribution programme benefiting families displaced by disaster in the Kandy District was held on April 24 at the Kandy District Secretariat, with 44 affected households receiving plots in the Hanthana area.

The initiative targeted residents of the Gangawata Korale Divisional Secretariat division whose homes were completely destroyed in a recent disaster, leaving them without permanent shelter.

The event was presided over by Minister of Agriculture, Lands, Livestock and Irrigation K. D. Lalkantha, who said arrangements had been made to provide each beneficiary with Rs. 5 million in instalments through the Pathahewaheta Divisional Secretariat to support the construction of new homes.

He noted that the land parcels had been identified from an estate in the Hanthana area and subsequently subdivided into demarcated plots for distribution among the recipients.

Members of Parliament representing the Kandy District from the NPP, along with Kandy District Secretary Indika Udawatta and Gangawata Korale Divisional Secretary Amila Navaratne, were among those present. Government officials and beneficiaries also attended the event.

The programme forms part of ongoing efforts to provide permanent housing solutions and restore livelihoods for families affected by natural disasters in the region.

Text and Pic by SK Samaranayake

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Police launch Scout Division to boost leadership and community ties

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IGP Priyantha Weerasuriya, Scout Association President Ransiri Perera, and Chief Scout Commissioner Manoj Nanayakkara, at the launch.

Text and Pic by Nishendra Silva

The Sri Lanka Police Scout Division was officially inaugurated at a ceremony held recently at Police Headquarters, marking a significant step towards integrating scouting principles within the police service.

The event was presided over by IGP Priyantha Weerasuriya and Chief Scout Commissioner of the Sri Lanka Scout Association Manoj Nanayakkara. The initiative to establish the new division was conceptualised by Nanayakkara as part of efforts to promote leadership, discipline and community engagement within the police force.

A high-level delegation from the Sri Lanka Scout Association was present, including its President Ransiri Perera, National Training Commissioner Padmalal Perera, and National Programme Commissioner Geeth Ramesh. Assistant Chief Commissioners Chandrani Fernando, Deshan Milinda and Sampath Kariyawasam were also in attendance, along with Training Directors Indrajith Ramanayake and Tilakman Pathmasiri.

Representing the Sri Lanka Police were several senior officials, including Senior DIG (Administration) Sanjeewa Dharmaratne, Senior DIG (Western Province) Sajeewa Medawatta, and Senior DIG (Support Services) Rajitha Sri Daminda.

Senior DIG (Training and Higher Training) Sampath Kumara Liyanage, who has been appointed to head the newly formed Police Scout Division, was also present. He is expected to oversee the launch and ongoing operations of police scouting activities, supported by other senior officers tasked with implementing the initiative.

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