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Thursday 22 February, 2024
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Who is Javaid Anwar? Pakistani American, Biography and Net Worth

BY Muhammad Noman Aug 29, 2022. 06:31 pm

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Javaid Anwar recently added another achievement to his resume. The Texas Governor presented the oil tycoon with the Permian Basin Petroleum Association’s “Top Hand award.” It is given as the PBPA’s highest honor. The coveted award essentially recognises Javaid’s enormous contributions to the community and the oil and gas sector.

The oil industry is like riding a roller coaster. Even keeping up with the pace might be difficult. But for the past 40 years, Javaid Anwar has been successfully drilling well after well to increase his wealth and give back to his preferred motherland.
One of the biggest Pakistani donors to the dominant Republican Party is Javaid Anwar. It’s easy to understand why. Republicans are viewed as being more pro-business than the Democratic opposition. Additionally, he and other businesses think that if large corporations pay less in taxes, they will make more investments in the economy. Thus, it will provide more employment opportunities, a better future for workers, and much-needed revenue for the exchequer.

Anwar has developed friendships with all of the leading figures in the Republican party since he is a major fundraiser. Additionally, he was the one who had developed the closest friendship with the Bush family. He was the sole Pakistani present when former President George Bush passed away in November. No surprise there, given Anwar was the one who had actually persuaded Bush Jr. to run for president in the late 1990s. It makes sense that Bush Junior refers to him as J Daddy.
Despite rubbing elbows with all the most prominent politicians, Javaid Anwar has maintained an unwavering sense of humility. He proudly recalls his early years. His upward mobility is a reflection of the immigrant community’s actual struggles.
Anwar’s life is comparable to that of Russian business magnate Roman Abramovich, who was raised by an uncle despite being born into poverty. Abramovich founded a little toy business before expanding to become the richest man in the oil industry.
Javaid Anwar’s early life was difficult because he was the only child of a single mother who worked as a telephone operator. The poor woman used all of her wages to fund her son’s schooling. When government-run schools were still upholding some standards, she opted to send him there.
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When Anwar said he wanted to study engineering in America, that was the most difficult time in her life. His wealthy classmates had already signed up for it. Anwar wanted to study overseas as well because he was a high student. The forthright woman did her best to persuade his aspirational son that she couldn’t afford it.
The young child went to Multan to meet his father, who had abandoned him even before he was born, in order to fulfil his desire. Even the paternal uncle who had promised him money turned out to be a great talker, and nothing ever worked out.
The maternal grandparents eventually came to his aid. 
They may, however, pay for the semester cost and one-way trip to Texas. 
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He still remembers how his mother urged him to put in lot of effort by telling him that it would be up to him to “sink or swim.”
Anwar devotedly pursued his dream of becoming nuclear engineer once he got to the University of Wyoming. 
However, trip to an oil field and his friend’s opulent office caused him to reconsider. 
He changed his major since he now desired to work as an engineer in the petrochemical industry.
The majority of his classmates were the exploited children of businessmen. 
He gained notoriety for being the smartest of them despite having no money to spend on them.
When Anwar said he wanted to study engineering in America, that was the most difficult time in her life. His wealthy classmates had already signed up for it. Anwar wanted to study overseas as well because he was a high student. The forthright woman did her best to persuade his aspirational son that she couldn’t afford it.
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Javaid Anwar
The young child went to Multan to meet his father, who had abandoned him even before he was born, in order to fulfil his desire. Even the paternal uncle who had promised him money turned out to be a great talker, and nothing ever worked out.
The maternal grandparents eventually came to his aid. They may, however, pay for the semester cost and a one-way trip to Texas. He still remembers how his mother urged him to put in a lot of effort by telling him that it would be up to him to “sink or swim.”
Anwar devotedly pursued his dream of becoming a nuclear engineer once he got to the University of Wyoming. However, a trip to an oil field and his friend’s opulent office caused him to reconsider. He changed his major since he now desired to work as an engineer in the petrochemical industry.
The majority of his classmates were the exploited children of businessmen. He gained notoriety for being the smartest of them despite having no money to spend on them.
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However, being a working student was not an easy life. The difficulties grew exponentially more difficult with each passing day. Even two meals a day turned out to be a luxury despite working 30 hours a week in a cafeteria. Sometimes the entire day would go by without him eating a complete meal on the weekends when he didn’t have a job.
Anwar was going through the same phase that Shahid Khan, another self-made Pakistani American, had gone through at the same time. Along with boasting ownership of the NFL’s Jacksonville Jaguars and Premier League football club Fulham, Shahid Khan also boasts ownership of one of the largest private firms in the United States. However, Khan washed dishes for less than a dollar per hour when he arrived as an immigrant.
Anwar was unable to earn top marks like other of his peers since he had to devote more time to his profession. But he was content that he would at least graduate on time. He had good fortune during that year, 1976. The young professional soon turned down a job opportunity in California because of the state’s extreme weather.
Remaining in Texas turned out to be a smart move that positively affected his career for the rest of his life. Anwar began working in 1966 in Midland, Texas. He quickly gained a reputation as a diligent professional who was well-versed in all aspects of his industry.
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He was able to swiftly repay three loans that he had taken out while he was studying. By that time, Anwar had also found the love of his life while still employed by the same business. After being married, they were given the blessing of having twins—a boy and a girl.
When he received the shocking news, only a short while had been enjoyed. He learned from a buddy that his most capable supervisor had lost his job. Anwar could only exclaim in total surprise, “You must be kidding!”
The individual in question was a seasoned manager who had spent half of his life working in the oil business. He was a legend who mentored countless young professionals. Such a monster would be uprooted by a global oil crisis, which came as a huge shock. Anwar shook his head as all of his hopes appeared to be dashed.
Anwar’s thoughts for a couple of days kept returning to the uncertain world. He saw the black gold business as a black hole. He continued questioning whether choosing petrochemicals over nuclear engineering was the right choice.
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The response was brief but direct. He made the decision to resign from his position and look for a self-employed career in the same industry. He didn’t have much cash on him, though. The young professional had a reputation for effortlessly handling calculus problems, yet he was completely lost in this situation. Whatever money he had managed to make was quickly wasted because by that point he had begun to appreciate life.
He commented on whether a graduate with little money and experience—just a few years—could succeed as an entrepreneur. He arrived at the same conclusion each time. The difficult concern for him was what if he were to lose his job like Kelly did in his late 40s or, worse, in his mid-50s?
Anwar considered asking for money from his dependable pals. His thoughts wandered back to Lahore, where he had travelled when he was 17 to pay his University of Wyoming tuition. Will his pals be big talkers like his uncle or will they lend him the large sum required to begin offshore drilling?
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His pals seemed more than prepared to invest, which pleased him. Finally, in 1984, he ventured into unfamiliar territory by starting his own business. He lived by the tried-and-true maxim of his maternal grandfather: “Buy low, sell high.”
Selling at a profit was simple, but the most pressing concern was how low the market may fall. At that point, the price of a barrel had recently plummeted from $42 to $24. Anwar was certain that the time had come to make significant investments and amass wealth.
The young blood was about to place his hand in the hole when he discovered that it was actually a pit filled with poisonous snakes. Oil prices continued to decline, reaching $11 before reaching an all-time low of $9, shattering any previous records. It was all a result of President Reagan’s deregulation strategy at the time. He praised God and his mother, who continued to pray for his good fortune, for helping him to restrain himself from investing all the money he could get from friends.
There he picked up a lifelong lesson to keep exploring. Thus, when it came to developing oil fields years later, Anwar was prepared with the appropriate strategy. Even his first oil well turned out to be a treasure trove.
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He began hiring individuals through a one-man business he had founded and giving them modest participation in various projects. He’d always been a big fan of dedicated workers. The woman who served as his first secretary on a part-time basis is still connected to his business.
Anwar also choose to live close to his place of employment. He wished to monitor the ongoing project. And that was profitable for him since those who had contributed with large sums of money were able to receive immediate updates on what was happening with their initiatives. Each time, they received encouraging news. Ranchers and surface owners shied away from the multinationals who would only return their calls after days due to their laborious work.
Then a prophecy was made that forever altered his situation. Ali bin Ibrahim Al-Naimi, a former minister of petroleum and mineral resources in Saudi Arabia, was in Texas as part of his yearly hunting trip. Anwar used to be housed by one of his friends. The oil market was in upheaval in the late 1990s.
Naimi made the remark at the dinner table, pointing to Javaid, “He looks extremely interested in the oil industry but never inquires about the market.” But not this time, said Javaid Anwar, who was wondering if the oil prices would ever reach another low point before falling much further. Naimi foresaw that the price will soon reach 16 and advised Anwar to take note of his prediction. It was validated in a little over a year. Javaid won the lottery on that particular day. And ever since, he has been on a roll.
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Anwar began giving back to America, which had assisted him in reaching such heights, after settling in nicely. He made it his goal to help aspiring young business owners launch their ventures. However, he would only provide money if the concepts were sound and the men seeking cash invested a sizeable amount. He gave philanthropically to American Universities, hospitals, parks, and the improvement of other public facilities.
In the US, persons with money typically enter politics, but Javaid Anwar has no such aspirations. He has tight ties to prominent Pakistani figures. but has never applied for a position in the highest levels of authority.
He was once questioned about what motivated him to enter philanthropy. Was he following the lead of Warren Buffet, who set aside $31 billion for charity, or Bill Gates, who had donated $65 billion? No. He cited his mother, who was fond of repeating the adage “If you are blessed, share it.”
His role model since an early age was the modest philanthropist Abdul Sattar Edhi, who died with the thought of people who were abandoned even by their own relatives.
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According to Javaid Anwar, “giving is taking.” You can make wealthy friends, he advises, but don’t overlook those who have supported you or are less fortunate.
Anwar claims that growing up he “always felt like he was living on the other side of the tracks,” much like another philanthropist, Howard Schultz. Even if he is dressed in a custom suit and tie right now, he is aware of his past and is familiar with it.
Millions of immigrants throughout the country, like Javed Anwar, have contributed significantly to the greatness of the country. Such stories of immigrant struggles shouldn’t be ignored if the Trump administration genuinely wants to add to America’s greatness.
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Javaid Anwar Net Worth

 Net worth of Javaid Anwar is approximately 6.8 billion USD 

 

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