• Tue. Mar 5th, 2024

Top 10 Richest Men of Sri Lanka 2024

Top 10 Richest Men of Sri Lanka

Sri Lanka, a vibrant island nation in the Indian Ocean, is home to an array of influential individuals who have made remarkable strides in business and amassed immense fortunes. As we delve into the world of wealth and success, this article unveils the top 10 wealthiest men in Sri Lanka. These individuals have created outstanding enterprises, left an indelible mark on their respective industries, and contributed significantly to the country’s economic growth.

From visionary entrepreneurs to seasoned investors, these tycoons showcase the diversity of Sri Lanka’s economy. Their stories are filled with triumphs, setbacks, perseverance, and innovation – all instrumental in propelling them toward unprecedented financial success.

First, we introduce Dhammika Perera, who tops the list of Sri Lanka’s wealthiest individuals. Known as a strategic investor and entrepreneur, Perera has ventured into various industries, including banking, telecommunications, leisure, and manufacturing. His journey towards wealth began with humble beginnings in a small village in southern Sri Lanka.

Perera’s determination and relentless pursuit of success led him to establish Vallibel One PLC, a holding company that oversees his diverse portfolio of businesses. This post will explore the Top 10 Richest Men in Sri Lanka in 2024. 

Latest Updated: February 13, 2024

Mahinda Rajapaksa

Mahinda Rajapaksa

One of the most prominent figures in Sri Lanka’s political landscape, Mahinda Rajapaksa, has significantly impacted the country’s economic and social development.

Serving as the President of Sri Lanka from 2005 to 2015, Rajapaksa implemented several policies to boost investment and infrastructure development. Under his leadership, Sri Lanka experienced an unprecedented period of growth, with GDP increasing by an average of 6% annually.

However, Rajapaksa’s tenure was not without controversy. His administration faced criticism for alleged human rights abuses during the final stages of the civil war against Tamil separatists. The international community raised concerns about issues such as forced disappearances and extrajudicial killings.

These allegations tarnished Rajapaksa’s reputation on the global stage and led to strained relations with some Western countries.

Despite these controversies, Mahinda Rajapaksa remains a significant figure in Sri Lankan politics and is often hailed by his supporters for his strong leadership style and nationalist agenda.

After losing the presidential election in 2015, he returned to active politics and successfully won a parliamentary seat in subsequent elections. Today, he plays a crucial role in shaping Sri Lankan politics as leader of the opposition party.

Ishara Chinthaka is regarded as one of Sri Lanka’s top 10 wealthiest individuals. His immense wealth has significantly impacted the country’s economy and business landscape. Known for his astute business acumen and entrepreneurial spirit, Chinthaka has successfully ventured into various industries, including real estate, hospitality, and finance.

One of Ishara Chinthaka’s notable achievements is establishing a renowned luxury hotel chain synonymous with opulence and comfort in Sri Lanka.

He has transformed the hospitality sector through strategic investments and meticulous planning by introducing world-class facilities and services. This not only attracts high-end tourists but also contributes to the growth of tourism in the country.

Overall, Ishara Chinthaka’s impressive wealth accumulation showcases his ability to identify lucrative investment opportunities in diverse sectors such as hospitality and real estate. His contributions have enriched him personally and played a vital role in driving economic growth for Sri Lanka.

Read also: Top Ten Ways to Boost Your Business Success

Dhammika Perera

Dhammika PereraOne of the most prominent and influential figures in Sri Lanka’s business landscape is Dhammika Perera. As one of the top 10 wealthiest individuals in the country, Perera has built an empire through his various business ventures. With interests spanning multiple industries, including banking, leisure, aviation, and healthcare, he has successfully established himself as a formidable force in the corporate world.

Perera’s entrepreneurial journey began with his foray into the banking sector. He played a pivotal role in restructuring and reviving several struggling banks, which ultimately resulted in their success.

This was a stepping stone to expand his business reach into other sectors, such as hospitality and leisure. Today, he owns some of Sri Lanka’s most luxurious hotels and resorts that attract local and international tourists.

Additionally, Perera has made significant contributions to Sri Lanka’s aviation industry by acquiring stakes in national carriers. His investments have bolstered these companies and contributed to tourism growth by increasing connectivity between Sri Lanka and other countries.

Moreover, he has ventured into healthcare by establishing state-of-the-art hospitals with advanced medical facilities to provide quality healthcare services to locals and foreigners. Dhammika Perera’s illustrious career exemplifies immense wealth creation through astute business decisions and strategic investments across multiple sectors in Sri Lanka.

Rusi & Sohli

Rusi & Sohli

One of the top 10 wealthiest men in Sri Lanka is Rusi & Sohli Captain, a powerful duo known for success in the garment manufacturing industry. They have built an empire with their company, Hirdaramani Group, which has become one of the country’s largest and most successful textile manufacturers. Rusi and Sohli Captain started their journey from humble beginnings and transformed their small family business into a multi-million-dollar enterprise.

The success of the Hirdaramani Group can be attributed to Rusi and Sohli’s strategic vision and relentless dedication. They have expanded their operations within Sri Lanka and ventured into international markets, establishing manufacturing facilities in Bangladesh, Vietnam, and Ethiopia.

Their ability to adapt to changing market trends and consistently deliver high-quality products has earned them a reputation as industry leaders.

Besides their business ventures, Rusi and Sohli Captain are involved in various philanthropic activities. They believe in giving back to society by supporting education initiatives, healthcare programs, environmental conservation projects, and more. Through their charitable efforts, they aim to uplift underprivileged communities and create a positive impact on society at large. The story of Rusi & Sohli Captain inspires aspiring entrepreneurs who dream of building successful enterprises while making a difference in the world.

Harry Jayawardena

Harry Jayawardena

Harry Jayawardena is a prominent figure in Sri Lanka’s business world and is considered one of the country’s wealthiest individuals. With an estimated net worth of several billion dollars, he has amassed his wealth through various industries, including banking, insurance, and tourism. As the chairman and largest shareholder of Distilleries Company of Sri Lanka (DCSL), he has played a significant role in revolutionizing the local alcohol industry and expanding DCSL’s operations globally.

In addition to his involvement in the alcohol sector, Jayawardena has also made substantial investments in other sectors, such as finance and hospitality. He is known for his ownership stakes in leading banks like Hatton National Bank (HNB) and Nations Trust Bank (NTB), contributing to his immense wealth. Moreover, Jayawardena holds a significant interest in Aitken Spence PLC, one of Sri Lanka’s largest conglomerates with interests ranging from hotels to logistics.

Beyond his business ventures, Harry Jayawardena actively participates in philanthropy activities across Sri Lanka. He has supported numerous charitable initiatives on education, healthcare, and poverty alleviation. His contributions have had a positive impact on many communities throughout the country. Harry Jayawardena’s success story exemplifies hard work, astute investment decisions, and a commitment to giving back to society.

Ashok Pathirajage

Ashok Pathirajage

Ashok Pathirajage is one of the most prominent and wealthiest businessmen in Sri Lanka. With a net worth of billions, he has made his mark in various industries such as real estate, hospitality, and manufacturing. As the founder and CEO of Pathirajage Holdings, one of the largest conglomerates in the country, he has successfully diversified his business portfolio over the years.

Under Ashok Pathirajage’s leadership, Pathirajage Holdings has become a significant player in the real estate sector. The company has developed some of the most luxurious residential and commercial properties across Sri Lanka, catering to local and international clientele. Additionally, his foray into hospitality through hotels and resorts has gained significant recognition for offering world-class experiences to visitors.

Furthermore, Ashok Pathirajage’s influence extends beyond just business ventures. He is also known for his philanthropic efforts to uplift underprivileged communities in Sri Lanka. Through various initiatives focused on education and healthcare, he strives to impact society positively.

Arjuna Ranatunga

Arjuna RanatungaArjuna Ranatunga, a former Sri Lankan cricketer and captain, is also one of the country’s wealthiest men. Born in Gampaha, Sri Lanka, in 1963, Ranatunga had an illustrious career in cricket before venturing into business. He was known for his leadership skills and played a significant role in leading the Sri Lankan cricket team to victory in the 1996 Cricket World Cup.

After retiring from cricket in 2001, Ranatunga shifted his focus to business and entrepreneurship. He has investments across various hospitality, real estate, and finance industries. Ranatunga founded Arjuna Natural Pvt Ltd., which manufactures herbal products derived from traditional Ayurvedic medicine.

Apart from his successful business ventures, Arjuna Ranatunga is a politician. He has been involved with several political parties throughout his career and even held positions such as Deputy Minister of Tourism Development and Christian Affairs during different periods. Despite being actively engaged in politics and business, Ranatunga’s contribution to Sri Lankan cricket remains unparalleled and has earned him fame and fortune.

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Kumar Sangakkara

Kumar Sangakkara

Kumar Sangakkara, the former Sri Lankan cricketer and national team captain, is known for his exceptional sporting abilities and success off the field. With an estimated net worth of $18 million, Sangakkara is one of Sri Lanka’s wealthiest individuals. He has accumulated his wealth through various sources, including cricket contracts, brand endorsements, and investments in real estate.

Throughout his illustrious cricket career, spanning over 15 years, Sangakkara became one of Sri Lanka’s most beloved sports icons. His talent and leadership skills led him to numerous achievements on the field, including being named Wisden Cricketer of the Year in 2012 and ICC Cricketer of the Year in 2011 and 2015. Moreover, he holds several records, such as being the highest run-scorer in One Day Internationals (ODIs) for Sri Lanka.

Despite retiring from professional cricket in 2015, Sangakkara’s success did not stop there. He ventured into various business ventures, including investing in luxury properties and launching his charity foundation, LIFE, which focuses on providing educational opportunities to underprivileged children in rural areas. This philanthropic endeavor exemplifies Sangakkara’s commitment to giving back to society and making a positive impact beyond his achievements on the cricket pitch.

Maithripala Sirisena

Maithripala Sirisena

Maithripala Sirisena, a prominent figure in Sri Lankan politics, has significantly contributed to the country’s governance and leadership. Serving as the sixth President of Sri Lanka from 2015 to 2019, Sirisena played a crucial role in ushering in political reforms and establishing good governance practices. Under his presidency, he implemented several key initiatives focused on anti-corruption measures and transparency.

Born on September 3, 1951, Sirisena hails from the rural district of Polonnaruwa in Sri Lanka. He began his political career as a Sri Lanka Freedom Party (SLFP) member and held various ministerial positions before eventually becoming the President. During his tenure, Sirisena prioritized environmental conservation and sustainable development by introducing policies to reduce deforestation and promote renewable energy sources.

Furthermore, Sirisena championed reconciliation efforts among different ethnic groups in Sri Lanka following years of civil war. He fostered dialogue between communities and worked towards healing divisions through inclusive policies addressing historical grievances. Despite facing challenges during his presidency, Maithripala Sirisena remains an influential figure in Sri Lankan politics who has impacted the country’s trajectory towards stability and progress.

Arumugam Thondaman 

Arumugam Thondaman 

Arumugam Thondaman was a prominent figure in Sri Lanka’s political and business landscape, known for his immense wealth. Born into a family of Indian origin, Thondaman made his fortune through various ventures, including the tea plantation industry. As the leader of the Ceylon Workers’ Congress (CWC), he played a pivotal role in advocating for the rights of plantation workers and ensuring their well-being.

Thondaman’s influence extended beyond politics as he established himself as one of Sri Lanka’s wealthiest individuals. He invested vastly in diverse industries such as real estate, education, hospitality, and healthcare. With his entrepreneurial acumen and strategic acquisitions, Thondaman accumulated significant wealth and contributed to the country’s economic development by creating job opportunities across various sectors.

Despite criticism from some quarters for his controversial political tactics and alleged corruption scandals, Arumugam Thondaman remained influential until his untimely demise. His legacy is remembered for being one of Sri Lanka’s wealthiest men and his tireless efforts in improving the lives of plantation workers through social welfare programs and initiatives.

Conclusion: Overview of the impressive wealth in Sri Lanka.

In conclusion, Sri Lanka boasts impressive wealth, evidenced by its top 10 wealthiest individuals. These affluent personalities have amassed their fortunes through various industries and investments, showcasing the diverse economic landscape of the country. These men have significantly contributed to the local and global economy, from real estate tycoons to business magnates.

One notable figure on this list is Dhammika Perera, who has acquired immense wealth through banking, construction, and tourism ventures. His success story serves as an inspiration for aspiring entrepreneurs in Sri Lanka. Another prominent name is Harry Jayawardena, known for his involvement in tea production and transportation. With a net worth exceeding billions of dollars, Jayawardena’s influence extends far beyond Sri Lanka’s borders.

It is important to note that while these individuals represent a fraction of the overall wealth in Sri Lanka, they symbolize the potential for growth and prosperity within the nation. Their achievements highlight their exceptional business acumen and highlight opportunities for those willing to take risks and thrive in the dynamic landscape of Sri Lankan entrepreneurship. Observing how this wealth expands and evolves will be intriguing as Sri Lanka continues its development journey.

FAQ | Top 10 Richest Men of Sri Lanka

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 As of 2021, Dhammika Perera is considered to be the richest person in Sri Lanka. He has amassed his wealth through various business ventures, primarily in sectors such as banking, insurance, and leisure. Perera is the founder and chairman of Vallibel One PLC, a conglomerate with interests in diverse industries including financial services, manufacturing, and real estate.

It's worth noting that determining the exact net worth of individuals can be challenging as it often fluctuates due to market conditions and investments. However, based on available information and estimates, Dhammika Perera consistently ranks among the wealthiest individuals in Sri Lanka. His success serves as an inspiration for aspiring entrepreneurs and showcases the potential for wealth creation within the country.

As of 2021, the top 10 richest individuals in the world are:
1. Jeff Bezos: The founder and former CEO of Amazon, Jeff Bezos is currently the richest person on the planet. His net worth is estimated to be over $190 billion.

2. Elon Musk: The CEO of Tesla and SpaceX, Elon Musk holds the second spot on this list with a net worth of around $170 billion. His wealth has significantly grown due to the success of his electric car company and space exploration endeavors.

3. Bernard Arnault & Family: As the chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, Bernard Arnault's net worth is approximately $155 billion. He oversees a luxury goods empire that includes brands like Louis Vuitton, Dior, and Fendi.

4. Bill Gates: Co-founder of Microsoft Corporation, Bill Gates has a net worth exceeding $130 billion. Although he stepped down from his day-to-day role at Microsoft in 2008, he remains active in philanthropic efforts through the Bill & Melinda Gates Foundation.

5. Mark Zuckerberg: The co-founder and CEO of Facebook, Mark Zuckerberg's net worth is estimated to be around $118 billion. Under his leadership, Facebook has become one of the most influential social media platforms globally.

6. Warren Buffett: Known as one of the most successful investors in history, Warren Buffett's net worth stands at approximately $101 billion.

As of my knowledge, the 7th richest man in Sri Lanka is Dhammika Perera. He is a prominent businessman and entrepreneur who has made significant contributions to various industries in the country. Dhammika Perera's wealth primarily comes from his holdings in several companies, including Hayleys PLC, which is one of Sri Lanka's largest conglomerates.
Dhammika Perera has been involved in diverse sectors such as manufacturing, plantations, and transportation. His business acumen and strategic investments have played a crucial role in his success and accumulation of wealth. However, it's important to note that rankings of the richest individuals can fluctuate over time due to changes in net worth or other factors.

When comparing the wealth of countries, it is important to consider various factors such as GDP, income per capita, and overall economic development. According to recent data, Pakistan has a higher GDP than Sri Lanka. In 2020, Pakistan's GDP stood at around $278 billion, while Sri Lanka's was approximately $84 billion. However, it is crucial to note that GDP alone does not determine the overall wealth of a country.
Income per capita is another essential indicator when assessing the prosperity of a nation. In this aspect, Sri Lanka surpasses Pakistan. As of 2020, Sri Lanka had an estimated income per capita of around $4,100, whereas Pakistan's income per capita was about $1,300. This suggests that on an individual level, people in Sri Lanka tend to have higher incomes compared to their counterparts in Pakistan.

It is also worth mentioning that economic development encompasses various aspects such as infrastructure, education system, healthcare facilities, and social indicators like poverty rates and literacy levels. While both countries face their own unique challenges in these areas, Sri Lanka has made significant progress in terms of human development indicators over the years. Ultimately, determining which country is richer depends on the specific parameters considered and how they are weighted in the assessment.

The 1 King of Sri Lanka is known as King Pandukabhaya. He is considered to be the founder of the Anuradhapura Kingdom, which was the first recorded kingdom in Sri Lankan history. King Pandukabhaya reigned from 437 BC to 367 BC and is credited with establishing a strong centralized government and developing the infrastructure of the kingdom.
During his reign, King Pandukabhaya is said to have constructed many significant buildings and monuments, including the Mahamevnāwa Park, which served as a royal pleasure garden. He also implemented various irrigation systems and initiated agricultural advancements that greatly contributed to the prosperity of the kingdom. King Pandukabhaya's reign marked an important milestone in Sri Lankan history, laying the foundation for future dynasties and shaping the cultural and political landscape of the country.

Sri Lanka is considered to be a middle-income country with a developing economy. While it may not be classified as a wealthy nation, it has made significant progress in terms of economic growth and poverty reduction over the years. The country's GDP per capita has been steadily increasing, and its human development indicators have also improved.
However, it is important to note that there are still pockets of poverty and income inequality within Sri Lanka. The rural areas, in particular, tend to face more challenges in terms of access to basic services and opportunities for economic advancement. Efforts are being made by the government and various organizations to address these issues and promote inclusive growth across the country.

Overall, while Sri Lanka may not be considered rich on a global scale, it is making strides towards improving its economic situation and reducing poverty levels.

Determining the best king in Sri Lanka is subjective and can vary depending on personal opinions and historical perspectives. However, one king who is often regarded as a significant figure in Sri Lankan history is King Parakramabahu the Great. He ruled during the 12th century and is remembered for his remarkable achievements in various fields.
King Parakramabahu was known for his military prowess and successful campaigns against foreign invaders. He also implemented irrigation systems that greatly improved agriculture and facilitated economic growth during his reign. Additionally, he was a patron of arts and literature, promoting cultural development within the kingdom.

Another notable king in Sri Lankan history is King Dutugemunu, who ruled during the 2nd century BC. He is revered for his role in uniting the country by defeating an invading South Indian army. His victory at the Battle of Vijithapura led to the reunification of Sri Lanka under his rule. King Dutugemunu's reign also saw significant architectural developments, including the construction of several Buddhist monuments such as Ruwanwelisaya and Mirisaveti Stupa.

It's important to note that these are just two examples among many kings who have left their mark on Sri Lanka's history. The perception of a best king may differ based on individual preferences or historical interpretations.

By Memona

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