Sri Lanka’s Dollar Big Man

Sri Lanka’s Ishara Nanayakkara has been named as the country’s wealthiest person by Middle Eastern-based Gulf News.

With a net worth of US$ 1.6 billion, Nanayakkara has overtaken Dhammika Perera, another tycoon.

Nanayakkara’s LOLC Holdings is a diversified financial services and investment conglomerate with operations in over 10 countries.

Gulf News says Nanayakkara has played a pivotal role in expanding Sri Lanka’s presence in the global microfinance and insurance sectors.

LOLC has strategically diversified into key economic growth sectors across financial services, leisure, agriculture and plantations, construction and real estate, manufacturing and trading, digital technology, strategic investments, advanced technology, and mining.

The group has business interests in the continents of Asia and Africa, the LOLC Group with a presence in Singapore, Sri Lanka, Cambodia, Myanmar, Indonesia, the Philippines, Pakistan, Zambia, Zimbabwe, Nigeria, Tanzania, Malawi, Egypt, Kenya, Ghana, Sierra Leone, Rwanda, DRC, Tajikistan, Kyrgyzstan, Kazakhstan, the Maldives, Mauritius, Australia, and the UAE.

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