Top 5 Richest person in Kashmir

Published on: October 12, 2024

This article covers the Top 5 Richest person in Kashmir. While It is difficult to determine who the richest person in Srinagar is, as there is no widely recognized or publicly available information on this topic. Wealth details of individuals from specific locations, especially Srinagar, are not usually documented in global databases, and those who hold significant wealth often prefer not to disclose their net worth for obvious reasons.

Furthermore, many of the financially elite from Srinagar have moved abroad or settled in metro cities like London, Dubai, and Mumbai, seeking better living conditions. Given this migration, identifying the wealthiest individual locally is even more challenging. Still, we have brainstormed 5 names that fall on this list.

1. Umar Tramboo

Many remember his role as the youngest director on the Board of Directors of J&K Bank Ltd and his position as a director for Khyber Industries Pvt Ltd.

2. Abdul Rashid Mir

Abdul Rashid Mir (born August 1940) is a Kashmiri businessman, founder & CEO of Cottage Industries Exposition Limited (CIE).

3. Mushtaq Ahmed Chaya

Mushtaq Ahmed Chaya, the Founder Chairman from a business background, emerges as a prominent figure in the hospitality industry, boasting a chain of hotels across the Kashmir Valley, Jammu, and Delhi.

4. Altaf Bukhari

Altaf Bukhari was the wealthiest candidate to contest in the assembly elections of the Union Territory (UT).

5. Molvi Imran Raza Ansari

Molvi Imran Raza Ansari

Net worth of J&K MLA’s

In the Jammu and Kashmir Assembly elections 2024, the wealth of contesting MLAs was released by ECI, With assets totaling ₹165 crore, Altaf Bukhari was the wealthiest candidate to contest in the assembly elections of the Union Territory (UT). In contrast, Mehraj Malik, the sole Aam Aadmi Party (AAP) MLA elected in the Jammu and Kashmir assembly elections, reported the lowest assets. Mehraj Malik, who secured victory from the Doda seat in Jammu, declared a net worth of just ₹29,000.