A Meeting with Danial Schön, President Schön Group
Danial Schön is the President of Schön Group, one of the largest family businesses in Pakistan. Danial was born in New Jersey, USA, and grew up between Karachi, Pakistan and Manhattan, New York.
His father, Tahir H Schön, Chairman of Schon Group, had built one of the most successful textile businesses, which eventually from 1985-1995 grew the group into an Airline, Bank, Fiber Production Plant, Carpet Manufacturing Facility, Capital Brokerage, Television Network, Oil Refining, and Islamic Finance House. In 1996, the family faced political victimization and moved its global headquarters to Dubai. He did his high school from the American School of Dubai and went to university at the prestigious Kelly School of Business, Indiana University Bloomington.
Danial joined the family business at the age of 21 after studying at the Kelley School of Business, Indiana Bloomington, and he made his first commission deal of USD $27 million at the age of 22. In 2008, he set up a 300,000 MT fertilizer plant in Haripur, Pakistan with a market value of USD $ 100 million.
Thereon, he saw highs and lows of the Dubai real estate market with the crash of2009 –2012, wherein Danial successfully raised over USD $ 150 Million funding for development projects. In 2015 he delivered 1.65 Million Square feet of property in Dubai and invested in transport and fitness sectors. In the same year, he diversified investments into the US property market and UK property market.
In 2017, with perfect timing, he sold a huge land bank in Dubai to an investor for a handsome profit in Dubai and began to focus on real estate development in Pakistan. His group carries a USD $ 2 Billion global portfolios.
In 2019, his full focus is on technology investments in Pakistan, dubbing it as “one of the most undervalued property markets in the World.”
Danial has upheld the Schön family legacy of renowned entrepreneurs with his charismatic flair and leadership skills in the global business markets.
As a passion, Danial is focusing on philanthropic activities in Pakistan focusing specifically, on healthcare and entrepreneurship. Having launched a private endowment wherein aspiring businesspersons are given loans to start businesses. His belief is, “Enterprise and entrepreneurship have the ability to solve all social problems, hence, it is an entrepreneur’s duty to work in promoting this direction.”
Favorite Quote: “The best of people are those who are most beneficial to people.”-Prophet Muhammad (PBUH)-(Source: al-Mu’jam al-Awsaṭ
