The amount of wealth owned by the richest person in Bangladesh is worth over $15 billion, which accounts for over 6% of Bangladesh people’s overall wealth. Bangladesh, with its over 160 million population, stands as a poverty-stricken nation grappling with stark disparities between affluence and poverty. Despite its struggling economy and low GDP, we have seen a remarkable surge in the number of millionaires & richest person in Bangladesh, reflecting its economic progress in recent years. In this highly anticipated 2023 list, we unveil the top 10 billionaires and richest person in Bangladesh, showcasing their fascinating journeys to tremendous wealth amidst the evolving economic landscape of the nation. Surprisingly, despite being the 35th largest economy globally, Bangladesh has recorded just one officially recognized billionaire. Forbes’ recently released World’s Billionaires list says there are 2,669 billionaires in the world, and only one billionaire named Muhammad Aziz khan (2540) is from Bangladesh.
While Bangladesh’s absence from Forbes’ 2022 World’s Billionaires list raises questions, it is essential to recognize that economic success is not solely defined by the number of billionaires and richest person in Bangladesh. However, the country’s thriving garment industry, remittances, and burgeoning service sector have propelled it into becoming one of the fastest-growing economies globally, with an impressive average annual GDP growth rate of around 7%. Despite this progress, Bangladesh faces challenges like political instability, corruption, and inadequate infrastructure. The recent pandemic has further exacerbated these issues, leading to job losses, supply chain disruptions, and a downturn in economic activity. Nevertheless, the nation remains resilient and determined to overcome these obstacles on its path toward prosperity.
Fascinating Insights about the Richest Person in Bangladesh
- In the year 2000, the total wealth owned by the richest people in Bangladesh amounted to $78 billion.
- Over the course of 15 years, this wealth saw significant growth, reaching an impressive $237 billion by 2015.
- The number of millionaires in Bangladesh has experienced an astounding surge of 492 times since 1975.
- From a mere 47 millionaires in 1975, Bangladesh now boasts an impressive count of over 25,000 millionaires.
- According to data from Bangladesh Bank as of 31st December 2009, a remarkable 23,130 millionaires had collectively deposited 1,00,544 crore BDT with the banking sector.
- The wealthiest individuals in Bangladesh together possess a staggering fortune valued at over $15 billion, contributing to more than 6% of the nation’s total wealth.
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Top 10 Richest Person & Billionaires in Bangladesh
|S. No||Richest Man in Bangladesh||Birth Date||Networth|
|01||Moosa Bin Shamsher||15 October 1945||$12 Billion|
|02||Salman F. Rahman||May 23, 1951||$ 2 Billion|
|03||Tarek Rahman||November 20, 1967||$ 1.7 Billion|
|04||Sajeeb Wazed joy||27 July 1971||$1.5 Billion|
|05||Sayeed Abul Hossain||1 August 1951||$ 1.2 Billion|
|06||Muhammad Aziz khan||1955 (age 68 years)||$1.1 Billion ( Forbes)|
|07||Ahmed Akbar Sobhan||15 February 1952||$ 1 Billion|
|08||Giasuddin Mamun||–||$ 420 Million|
|09||Dr. Muhiuddin Khan Alamgir||01 Mar 1942||$ 400 Million|
|10||Ragib Ali||10 October 1938||$ 290 Million|
It’s important to assess the role of the billionaire’s Richest Person in Bangladesh in its economic growth. While billionaires are not a prerequisite for a country’s economic development, they can play a significant role in creating jobs, boosting investments, and driving innovation. In Bangladesh, the lack of billionaires may be attributed to various factors, including a weak startup ecosystem, limited access to capital, and a less favorable business environment.
01. Moosa Bin Shamsher
A renowned man in Bangladesh Prince Moosa is one of the well-known top 10 billionaires and richest person in Bangladesh. He is the founder of the DATCO group. DATCO group is a business that exports rural farmers from Bangladesh to the construction industries in the Middle East. This richest person in Bangladesh is well known for his contribution to the field of commerce and persistent dedication to humanitarian and national causes. He is the number one billionaire and richest person in Bangladesh. In some cases, has also expressed a desire to invest in the construction of the Padma Bridge in Bangladesh. Moosa Bin Shamsher was known for being one of the international arms suppliers in the 1970s and 1980s.
Business: DATCO Group, Arms Dealer
Net Worth: $12 billion
Born: 15 October 1945
Wife: Kaniz Fatema
Son: Bobby Hajjaj, Zubi Moosa
02. Salman F. Rahman
Salman Fazlur Rahman one of the renowned billionaire and richest person in Bangladesh, started the BEXIMCO company with his brother after setting up a family-owned jute factory. As an advisor to Prime Minister Sheikh Hasina, he enlisted as one of the billionaires in the Beijing-based Hurun Global in 2017. He also owns Independent Television, a Bangla news channel, and The Independent, an English daily newspaper. He also serves on the Board of Editors and Chairman for The Independent. Salman F Rahman is also a controversial figure who has been widely criticized for his claimed participation in share market looting and remains one of Bangladesh’s wealthiest individuals.
Business: Beximco Group
Net Worth: $2 billion
Born: May 23, 1951
Wife: Syeda Rubaba Rahman
Son: Ahmed Shayan Fazlur Rahman
02. Tarek Rahman
Being one of the influential political figures in Bangladesh, he has earned more than a million dollars in Bangladesh. His earnings are generated from his and his father’s business, Ziaur Rahman. The billionaire Mr. Tarek Rahman studied at the University of Dhaka and was a member of the BNP National Campaign Strategy Committee. He currently lives in London. The source of this billionaire’s money has sparked much debate. The Bangladesh Anti-Corruption Commission initiated 12 complaints against him.
Net Worth: $1.7 Billion
Born: November 20, 1967
Wife: Zubaida Rahman
Daughter: Zaima Rahman
04. Sajeeb Wazed joy
Sajeeb is the son of Prime Minister Sheikh Hasina, one of the known billionaires in Bangladesh. This billionaire is not active in politics, he serves as an advisor to the government on ICT matters. He is also the President of Wazed Consulting Inc., a US consulting firm. He was born on July 27, 1971. His father served as a nuclear physicist in Bangladesh. This billionaire is the mastermind of Digital Bangladesh and endorses the Vision 2021 manifesto of the Awami League, the political party of his mother.
Business: Politics, IT
Net Worth: $1.5 Billion
Born: 27 July 1971
Wife: Kristine Overmire Wazed
05. Sayeed Abul Hossain
Sayeed Abul Hossain was the Communications Minister of Bangladesh. After graduating from the University of Dhaka in Management, this renowned billionaire in Bangladesh became the State Minister of Local Government, Rural Development, and Cooperatives. Currently, he is serving as a member of Parliament. He is the founder of SAHCO International Ltd. which is a member of the Dhaka Stock Exchange. He is also the founder of SAHCO NGO and BAO Forum for Asia, which is also known as “Asian Davos”.
Net Worth: $1.2 Billion
Born: 1 August 1951
Wife: Khwaja Nargis Hossain
Daughter: Syeda Rubaiyat Hossain, Syeda Iffat
Muhammed Aziz Khan is the Founder and Chairman of Summit Power International Limited and Summit Holdings Ltd, overseeing Bangladesh’s largest infrastructure conglomerate with 6,000 employees. The group’s investments span energy, ports, logistics, and IT. Under Khan’s guidance, Summit pioneered Bangladesh’s first Independent Power Plant in 1998, operating 20 plants with a 3,000 MW capacity, including a 500 mmcf/d Floating Storage and Regasification Unit. The group also introduced the nation’s premier private off-dock port, Summit Alliance Ports Limited, handling substantial export and import volumes. Summit Communications Limited established a nationwide fiber-optic network, connecting Bangladesh to India, Singapore, and Europe. Listed on the Dhaka and Chittagong Stock Exchanges, subsidiaries include Summit Power Limited, Summit Alliance Ports Limited, and Khulna Power Company Ltd. Partnering with IFC, Summit formed Summit Power International Limited and collaborated with GE and Wärtsilä. Khan, born in 1955, holds an MBA from IBA, serves in philanthropic and educational roles, and is the Honorary Consul General of Finland in Bangladesh. He is married with three daughters.
Business: Summit Group
Net Worth: $1.1 Billion ( Listed in Forbes)
Born: 1955 (age 68 years)
Children: Three daughters
07. Ahmed Akbar Sobhan
As the founder of Bashundhara Group, Ahmed Akbar Sobhan leads the business by providing employment to above 50 thousand people in Bangladesh. This millionaire graduated in Business Studies from the University of Dhaka. As the founder of the real estate business, he was awarded many recognitions by the government. While he initially started as East West Property Development (Private) Limited, Bashundhara Group has become one of the largest businesses in the country today. During the COVID-19 pandemic, the millionaire Ahmed Akbar Sobhan converted four Bashundhara Group convention centers into 5000-bed hospitals for the proper treatment of COVID-19 patients.
Business: Bashundhara Group
Net Worth: $1 Billion
Born: 15 February 1952
Wife: Afroza Begum
Son: Anvir, Tasvir, Tanvir, Sanvir
08. Giasuddin Mamun
Being a childhood friend of Tarek Rahman, Giasuddin is now one of the richest businessmen and millionaires in Bangladesh. He is a business partner of Tarek Rahman and has been accused of money laundering by the government. This millionaire is oftenly criticized for just using his lobbying power to further his commercial goals. It is claimed that he was granted funds with little to no interest and paid nothing back. He was charged by Bangladesh’s Anti-Corruption Commission.
Business: Politics, Channel 1
Net Worth: $420 Million
Wife: Shahina Yasmin
Son: Jawwad Mamoon
Daughter: Fabia Mamoon, Jannat Mamoon
09. Dr. Muhiuddin Khan Alamgir
Being one of the renowned politicians, he served in the Ministry of Home Affairs from 2011 to 2013 in Bangladesh. The millionaire Dr. Muhiuddin Khan Alamgir completed Master in Economics from Dhaka University and did his PhD at Boston University. He is now a renowned civil servant, economist, and writer. He has an income of more than 400 million dollars and most of the income was luckly earned when Awami League formed the government in Bangladesh.
Net Worth: $400 Million
Born: 01 Mar 1942
Wife: Sitara Alamgir
Son: Jalal Alamgir
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10. Ragib Ali
Ragib Ali is from Sylhet and is a pioneer tree planter. This millionaire is the chairman of Sylhet Tea Company Ltd in Bangladesh and many other tea states in Chattagram and Sylhet. He also founds Leading University in Sylhet. Being an educationalist, he used to be the chairman of North South University, and Asia-Pacific University and is now at Leading University. He has completed his education in the UK and has links with family who lives in Bradford, UK.
Business: LU, UAP, JRRMC, Tea garden
Net Worth: $290 Million
Born: 10 October 1938
Wife: Rabeya Khatun Chowdhury
Son: Syed Abdul Hye
Daughter: Rujina Kadir
In the intricate tapestry of Bangladesh’s economy, each billionaire assumes a crucial role that significantly influences the nation’s overall performance. This Southeast Asian country stands as a testament to the notion that one’s financial status need not be exorbitant to make meaningful contributions to the Gross Domestic Product (GDP). Here, the ethos of economic participation transcends mere wealth, and entrepreneurial dexterity emerges as the driving force behind substantial progress.
The success story of Bangladesh underscores the empowering reality that prosperity is not solely the domain of the wealthy elite. Through the adept application of entrepreneurial skills, individuals from diverse backgrounds can elevate themselves and the nation as a whole. This metamorphosis is emblematic of the transformative potential inherent in fostering innovation, embracing risk, and nurturing creativity. As the billionaires of Bangladesh pave the way, they inspire a new wave of aspirants to harness their talents and ideas, thus catalyzing socio-economic growth.