10 Wealthiest People from Bangladesh

Tarique Rahman, Senior Joint Secretary General of Bangladesh Nationalist Party. Author Shamsul alam66.WIKIMEDIA

10 Wealthiest People from Bangladesh

Despite the economic challenges of Bangladesh, it has made significant progress over the last few years in this sector. Bangladesh has been elevated from a low-income country (LIC) to a lower-middle-income country.

The number of wealthiest people in Bangladesh overwhelms the economic condition. In this article, we will learn about the wealthiest people in this country, what they do and how they gained wealth.

Let’s learn more about the 10 Wealthiest People from Bangladesh

1. Moosa Bin Shamser

Moosa Bin Shamser established the DATKo group. The group was formed in 1975. It is now primarily focused on exporting labour in the form of migrant rural farmers from Bangladesh to the flourishing construction industries in the Middle East.

 He is among the wealthiest people in Bangladesh. Moosa has so far made more than 1.5 billion dollars from his business in immigration. In Bangladesh, he is well known as Prince Musa. Dhaka, the capital of Bangladesh, resides in a glamorous bungalow.

2. Sayeed Abdul Hossain

Sayeed Abdul Hossain was born on 1 August 1951. He is a Bangladeshi politician and businessman. Sayeed has served in the Bangladesh parliament since 1991. He is also a member of the Bangladesh Awami league.

In addition to serving as state minister for local and government, rural development and cooperatives, he was Bangladesh’s minister of communication.

 The wealth of Sayeed increased rapidly after he joined Politics. Apart from acquiring his wealth from politics, he is the founder of SAHCO International Limited. SAHCO conducts business with foreign financers in Bangladesh. His net worth is approximately $1 billion.

3. Iqbal Ahmed

When listing the wealthiest people from Bangladesh, Ahmed can never be left out. Ahmed was born in Balaganj Thana, Sylhet District, Bangladesh. However, In 1971, at the age of 15, he moved to the United Kingdom.

Ahmed has served as the CEO of the seamark Group since 1992. He founded the group together with his brothers. He is the proprietor of SEAMARK and IBCO. These are Bangladesh’s two outstanding seafood processing businesses. He is well known for the industries that process seafood.

Additionally, the Vermilion and Cinnabar are other properties he owns. This is a Thai restaurant and bar worth £5 million. The property is located on Hulme Hall lane near the city of Manchester stadium. It was opened on November 14, 2007.

Iqbal Ahmed has so far made more than $250 million from the shrimp and frozen food industries. His industry has a big marketplace abroad.

4. Ragib Ali

Ragib Ali is a successful businessman from Bangladesh, who has made a fortune in the tea business. Ali has greatly contributed to the local economy and industry of Bangladesh.

Ragib Ali serves as the chairman of Sylhet Tea Company Limited. Furthermore, several other Sylhet and Chittagong tea estates. Additionally, he serves as Kohinoor industries limited the managing director. Ragib oversees Southeast Bank limited as its chairman.

Interestingly, Ragib has been a pioneer in the tea business. He has established a lot of trust and educational institutions and participates in charitable endeavours. The founding president of the Jalalabad Ragib-Rabeya Media college is Ali. He served as the North South University Foundation’s past chairman as well. Moreover, he founded the Leading University And the University of Asi Pacific.

Additionally, this wealthiest established numerous colleges and made remarkable contributions to numerous schools all over Bangladesh. Ali has accumulated more than 250 million dollars in earnings.

5. Salman F. Rahman

Salman F. Rahman. Author U.S. Embassy Dhaka. WIKIMEDIA

When the wealthiest Bangladesh individuals are being named, this businessman can never be a miss. Salman was born on 23 May 1951 to a Bengali Muslim family in Dohar, Dhaha District.

Interestingly, on the 2017 Hurun Global list of the world’s billionaires, he emerged at number 1685. The list was compiled in Beijing. Salman F. Rahman has established various successful chain businesses. His enterprises encompass everything from IT to agriculture. Moreover, many other leading Bangladesh businesses.

He serves as the chairman of Bangladesh’s largest conglomerate, BEXIMCO Group. Before this, he worked as the private sector development affairs adviser to the Bangladesh Awami president, Sheikh Hasina. Moreover, Salman served as the head of several organizations, including the Association of Television Channels (ATCO). He receives a turnover of $300 million from the various companies under the BEXIMCO Group.

6. Ahmed Akbar Sobhan

This is a picture of Ahmed Akbar Sobhan, Chairman of Bashundhara Group. Author KingsWriter. WIKIMEDIA

Ahmed Akbar is a well-established business tycoon and philanthropist Among local business owners, he is a trailblazer. He is the Bashundhara Group’s founder and chairman. The group also operates several other business ventures such as real estate, cement manufacturing, paper and allied products, steel products, LP Gas and shipping. His net worth is approximately 500 million dollars.

7. Muhammed Aziz Khan

Summit Group’s founder chairman Muhammed Aziz Khan. Author Amitcse29.WIKIMEDIA

Muhammed is a billionaire industrialist from Bangladesh, born in 1955. The founder and chairman of the Summit Group. The group is one of Bangladesh’s biggest conglomerates and the source of nearly 20% of the country’s electricity. As the country’s first private power producer, Khas Has guided Summit Group to become a diversified organisation with holding in the power, energy trading, port, telecommunications, hospitality and real estate sectors.

Khan has directed Summit in establishing alliances with multinationals like GE, IFC and Wartsila. This is by obtaining billions of dollars worth of funding for infrastructure projects in Bangladesh. Interestingly, he promised to make an additional 3 billion dollars in investment in Bangladesh’s energy sector.

8. Azam J.Chowdhury

Azam is a Bangladesh businessman. He established connections in the business world while working for a merchant in Motijiheel. Through the connections, he established his own oil trading business.

Interestingly, his business boomed after the government allowed private investors in the oil sector. Moreover, Chowdhury served as the chairman of Green Delta Insurance Company limited from 2001 to 2005. He serves as the director of Central Depository Bangladesh Limited.

Additionally, Azam is the proprietor of East Coast Group. The executive of Prime Bank. His net worth is more than 410 million dollars. Thus, he is among the agents and business visionaries in Bangladesh.

10. Tarique Rahman

Tarique Rahman, Senior Joint Secretary General of Bangladesh Nationalist Party. Author Shamsul alam66.WIKIMEDIA

Rahman is from a political dynasty. His father, Zia ur Rahman was the 7th president of Bangladesh. Rahman’s mother served as the Prime Minister of Bangladesh twice.

Tarique Rahman is the chairman of the Bangladesh Nationalist Party. Rahman is among the top wealthiest people in Bangladesh. Some of his wealth came from various business units that were established by his father. His net worth is more than 1.5 billion dollars.

Unfortunately, Rahman earned most of his wealth through corruption during his mother’s tenure. Thus, Anti-corruption Commission charged for his wealth. 12 cases against him were filed.