12 Nov 2025, Wed

Richest People in Afghanistan: Who is the ‘Ambani’ of Afghanistan? How much wealth is there, how a refugee became the richest person in the country


A personality like Mirwaiz Azizi has brought fame to Afghanistan, a country with high unemployment and bad business environment. Azizi, who once fled the war-torn country, is now one of the richest people in the UAE. Mirwaiz Azizi is called the Ambani of Afghanistan.

Aziji currently lives in Dubai. According to Afghan sources, he is considered the richest person in Afghanistan and the founder of Azizi Group. Azizi’s journey began in 1988, when he left the country in search of a better life for himself and his family amid the backdrop of the Afghan-Soviet War. By 1989, he founded the Azizi Group as a refugee in Dubai. At that time Afghanistan was engulfed in conflict.

Mirwaiz Azizi first settled in Uzbekistan
According to media reports, Mirwaiz Azizi first settled in Uzbekistan, where he started a textile manufacturing business. He expanded into Bulgaria’s tobacco industry and later into the Russian Commonwealth countries. After relocating to UAE he focused his attention on the oil and gas sector.

Aziji Bank established
Mirwaiz founded the Azizi Bank, which soon became Afghanistan’s largest and strongest commercial financial institution. To further expand its business, Azizi Group acquired Al Bakhtar Bank, one of the fastest growing financial institutions in Afghanistan. In 2007, Mirwaiz founded Azizi Developments. The company began selling off-plan properties in Dubai in 2008, although faced some hurdles due to the global financial crisis.

what is the total assets
According to Devex, the turnover of Azizi Group is Rs 3,400 crore. Mirwaiz started his business with just US$700 (about Rs 58,000), which shows his incredible journey from a refugee to a billionaire.

​Today, with a portfolio of US$12 billion and over 200 projects, Mirwaiz is one of the most influential private real estate developers in the UAE. Despite his success, he has remained committed to supporting his country. Apart from creating 5,000 new jobs, they have also contributed to the reconstruction of Afghanistan’s infrastructure.

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