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 top 10 Billionaires and 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 $15 billion, contributing to more than 6% of the nation’s total wealth.
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List of Top 10 Richest Person & Billionaires in Bangladesh
|Richest Man in Bangladesh
|Moosa Bin Shamsher
|15 October 1945
|Salman F. Rahman
|May 23, 1951
|$ 2 Billion
|November 20, 1967
|$ 1.7 Billion
|Sajeeb Wazed joy
|27 July 1971
|Sayeed Abul Hossain
|1 August 1951
|$ 1.2 Billion
|Muhammad Aziz khan
|1955 (age 68 years)
|$1.1 Billion ( Forbes)
|Ahmed Akbar Sobhan
|15 February 1952
|$ 1 Billion
|$ 420 Million
|Dr. Muhiuddin Khan Alamgir
|01 Mar 1942
|$ 400 Million
|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
Prince Moosa, a renowned figure in Bangladesh, stands as one of the country’s top 10 billionaires and its wealthiest individual. He is the illustrious founder of the DATCO Group, a business enterprise that plays a pivotal role in exporting rural farmers from Bangladesh to serve the construction industries in the Middle East. Prince Moosa’s remarkable journey to becoming the richest person in Bangladesh is characterized by his extraordinary contributions to commerce and his unwavering dedication to humanitarian and national causes. His influence and financial success have positioned him at the pinnacle of the nation’s wealth hierarchy. Notably, he has expressed a keen interest in investing in the construction of the Padma Bridge, a transformative infrastructure project in Bangladesh. This initiative underscores his commitment to contributing to the nation’s development and progress.
It is important to note that Prince Moosa Bin Shamsher has a complex history, as he was once known for his involvement in international arms supply during the 1970s and 1980s. This aspect of his past has added layers of intrigue and complexity to his legacy. In summary, Prince Moosa is a multifaceted personality in Bangladesh, celebrated for his exceptional business acumen, philanthropic endeavors, and complex history. His status as the country’s richest individual highlights his significant influence on both the national and international fronts.
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 most prominent and affluent billionaires in Bangladesh, embarked on his remarkable journey to wealth and influence by co-founding the BEXIMCO Group with his brother. This venture took root after the establishment of a family-owned jute factory, setting the stage for his entrepreneurial success. Salman F Rahman’s influence extends into the political sphere as well, where he serves as an advisor to Prime Minister Sheikh Hasina. His financial standing received international recognition in 2017 when he was listed among the billionaires in the prestigious Hurun Global list, headquartered in Beijing, underscoring his significant economic impact.
Rahman’s media holdings include ownership of Independent Television, a prominent Bangla news channel, and The Independent, a respected English daily newspaper. Notably, he also holds positions of authority within these media entities, serving on the Board of Editors and holding the chairman’s role for The Independent. Despite his immense wealth and influence, Salman F Rahman is not without controversy. He has faced criticism and scrutiny, particularly regarding allegations of involvement in share market irregularities. Nevertheless, he remains one of Bangladesh’s wealthiest individuals, leaving an indelible mark on the nation’s business and political landscape.
Business: Beximco Group
Net Worth: $2 billion
Born: May 23, 1951
Wife: Syeda Rubaba Rahman
Son: Ahmed Shayan Fazlur Rahman
02. Tarek Rahman
Mr. Tarek Rahman, a prominent and influential political figure in Bangladesh, has amassed substantial wealth, reportedly exceeding a million dollars. His financial resources primarily emanate from business ventures associated with both himself and his father, Ziaur Rahman, a significant figure in Bangladeshi politics. Tarek Rahman’s academic journey led him to the prestigious University of Dhaka, where he honed his skills and knowledge. He has also been an integral part of the BNP National Campaign Strategy Committee, contributing to the political landscape of Bangladesh.
Currently residing in London, Tarek Rahman’s wealth has been a subject of intense scrutiny and debate. The source of his considerable income has been a topic of contention, with questions raised about its origins and legitimacy. The Bangladesh Anti-Corruption Commission (ACC) has taken a keen interest in Tarek Rahman’s financial affairs, initiating a total of 12 complaints against him. These legal actions underscore the gravity of the concerns surrounding his wealth and financial dealings, making him a central figure in the ongoing debate about transparency and accountability in Bangladesh’s political and business spheres.
Net Worth: $1.7 Billion
Born: November 20, 1967
Wife: Zubaida Rahman
Daughter: Zaima Rahman
04. Sajeeb Wazed joy
Sajeeb, the son of Prime Minister Sheikh Hasina, is a prominent figure in Bangladesh and a recognized billionaire. While he does not actively engage in political affairs, he holds a crucial role as an advisor to the government, particularly focusing on ICT (Information and Communication Technology) matters. Furthermore, Sajeeb assumes the position of President at Wazed Consulting Inc., a reputable US-based consulting firm. Born on July 27, 1971, Sajeeb hails from a family with a strong legacy in both politics and academia. His father was a notable nuclear physicist in Bangladesh, contributing significantly to the nation’s scientific advancements.
Sajeeb’s most enduring legacy, however, lies in his pivotal role as the architect behind the concept of Digital Bangladesh. He is the driving force behind this transformative vision, which aims to leverage technology and connectivity to empower and uplift the nation. His unwavering support for the Vision 2021 manifesto of the Awami League, his mother’s political party, underscores his dedication to the progress and prosperity of Bangladesh. In essence, Sajeeb’s contributions to Bangladesh, particularly in the realm of ICT and Digital Bangladesh, showcase his commitment to advancing the nation’s technological landscape and aligning with the aspirations of his mother’s political party.
Business: Politics, IT
Net Worth: $1.5 Billion
Born: 27 July 1971
Wife: Kristine Overmire Wazed
Sayeed Abul Hossain, a prominent figure in Bangladesh, has held influential roles in both politics and business. With a degree in Management from the University of Dhaka, he embarked on a distinguished career. Hossain served as the Communications Minister of Bangladesh, playing a vital role in shaping the nation’s communication infrastructure. He later assumed the position of State Minister of Local Government, Rural Development, and Cooperatives, demonstrating his commitment to local governance and rural progress. Currently, he continues to serve as a member of Parliament, advocating for the interests of his constituents.
In the business arena, Hossain founded SAHCO International Ltd., a notable member of the Dhaka Stock Exchange, showcasing his entrepreneurial prowess. Additionally, he established SAHCO NGO, reflecting his dedication to philanthropic endeavors. Furthermore, his founding of the BAO Forum for Asia, often referred to as the “Asian Davos,” highlights his commitment to fostering dialogue and cooperation on regional and global economic issues. Sayeed Abul Hossain’s multifaceted contributions have left an indelible mark on Bangladesh, earning him respect and recognition in both political and business circles.
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
Ahmed Akbar Sobhan, the visionary founder of the esteemed Bashundhara Group, stands as a beacon of business leadership in Bangladesh. His remarkable contributions extend beyond economic prosperity, as his ventures provide gainful employment to a workforce exceeding 50,000 individuals, significantly impacting the nation’s employment landscape. Sobhan’s journey to prominence began with his pursuit of higher education, culminating in a degree in Business Studies from the University of Dhaka. His entrepreneurial spirit led to the establishment of the real estate firm, initially known as East West Property Development (Private) Limited. Over the years, this enterprise has grown exponentially, evolving into the mighty conglomerate known today as Bashundhara Group, one of Bangladesh’s largest and most influential business entities.
The government has recognized Sobhan’s substantial contributions to the real estate sector with numerous accolades and awards. However, his impact transcends accolades. During the tumultuous COVID-19 pandemic, Sobhan displayed exceptional altruism by converting four of Bashundhara Group’s convention centers into 5,000-bed hospitals. This humanitarian endeavor aimed to ensure the proper treatment of COVID-19 patients, showcasing his commitment to the welfare of his fellow citizens during a time of crisis. In essence, Ahmed Akbar Sobhan’s journey from academic pursuit to pioneering entrepreneurship and philanthropy exemplifies his outstanding leadership in both business and social responsibility, making him a respected and influential figure in Bangladesh and beyond.
Business: Bashundhara Group
Net Worth: $1 Billion
Born: 15 February 1952
Wife: Afroza Begum
Son: Anvir, Tasvir, Tanvir, Sanvir
08. Giasuddin Mamun
Giasuddin, who happens to be a childhood friend of Tarek Rahman, has emerged as one of the wealthiest entrepreneurs and millionaires in Bangladesh. He shares a business partnership with Tarek Rahman, but his financial success has been marred by allegations of money laundering leveled against him by the government. Giasuddin has faced significant criticism, primarily centered around accusations of exploiting his influential lobbying power to advance his commercial interests. There are claims that he received substantial funds with minimal or no interest attached and failed to repay these loans, raising serious concerns about financial impropriety.
The cloud of suspicion grew darker when Bangladesh’s Anti-Corruption Commission brought charges against him. These charges underscore the gravity of the allegations and the legal scrutiny surrounding his financial dealings. Giasuddin’s association with Tarek Rahman, combined with the accusations of financial misconduct, has made him a controversial figure in Bangladesh’s business and political landscape. The allegations against him have brought into question the ethics and transparency of certain business practices in the country, casting a shadow over his reputation and financial success.
Business: Politics, Channel 1
Net Worth: $420 Million
Wife: Shahina Yasmin
Son: Jawwad Mamoon
Daughter: Fabia Mamoon, Jannat Mamoon
09. Dr. Muhiuddin Khan Alamgir
Dr. Muhiuddin Khan Alamgir, a prominent figure in Bangladeshi politics, has left an indelible mark on the nation’s landscape. Serving as a distinguished civil servant, economist, and accomplished writer, his journey to prominence is marked by a distinguished career. Dr. Alamgir’s illustrious career includes a notable stint in the Ministry of Home Affairs, where he held a significant role from 2011 to 2013, contributing significantly to the governance of Bangladesh. His educational background is equally impressive, with a Master’s degree in Economics from Dhaka University and a doctorate earned at Boston University, showcasing his dedication to academic excellence.
Notably, Dr. Alamgir has also achieved remarkable financial success, with an estimated income exceeding 400 million dollars. Much of this prosperity coincided with the formation of the Awami League government in Bangladesh. His financial achievements reflect a combination of astute investments, business acumen, and fortunate circumstances. In summary, Dr. Muhiuddin Khan Alamgir is a multifaceted individual who has excelled in both the political and economic spheres of Bangladesh. His impressive career, educational accomplishments, and financial success serve as a testament to his dedication and influence within the nation.
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. 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.
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