When you search for the richest person in bangladesh, the answer is not just about a billion-dollar figure. It also involves the business journey, companies, investments and location of the person behind that wealth. Muhammed Aziz Khan’s story is especially notable because he built his fortune through decades of work in trading, power and infrastructure. His business interests later expanded into energy, ports, logistics and communications through Summit Group. Although Khan was born in Dhaka and built much of his career in Bangladesh, he is now a Singapore citizen and resident. This article looks at his wealth, career, businesses, investments, philanthropy and background in simple terms.
Who Is the Richest Person in Bangladesh in 2026?
Muhammed Aziz Khan is widely recognized as one of the wealthiest people from Bangladesh, with an estimated net worth of $1 billion in 2026, according to Forbes. He is the founder and chairman of Summit Group, a major business group involved in power, energy, ports, communications and infrastructure.
There is one important detail, though. Khan was born in Dhaka, Bangladesh, but Forbes currently lists him as a Singapore citizen and resident. This is why you may see him listed under Singapore in international billionaire rankings rather than Bangladesh.
Khan built his fortune over several decades. He started in trading and later moved into the power sector, where Summit Group became one of Bangladesh’s major private power businesses. His investments later expanded into telecommunications, logistics, ports and energy infrastructure.
| Attribute | Details |
| Name | Muhammed Aziz Khan |
| Net worth | $1 billion |
| Born | Dhaka, Bangladesh |
| Year of birth | 1955 |
| Main source of wealth | Power and infrastructure |
| Company | Summit Group |
| Current citizenship | Singapore |
| Education | MBA, University of Dhaka |
Muhammed Aziz Khan Net Worth
Muhammed Aziz Khan has an estimated net worth of $1 billion in 2026. Forbes lists power as the main source of his wealth.
His fortune is mainly connected to his business interests rather than personal cash holdings. A large business fortune can include company shares, investments and other assets. Their value can change, so billionaire net worth figures are estimates rather than fixed amounts.
Khan’s reported wealth has also changed over the years. Forbes previously estimated his fortune at around $910 million in 2018. His wealth later moved above the $1 billion mark before reaching the current 2026 estimate of $1 billion.
This is why you should always check the year when reading a Bangladesh billionaire net worth figure. An older article may show a different amount without necessarily being incorrect for the year in which it was published.
How Did Muhammed Aziz Khan Become a Billionaire?
Muhammed Aziz Khan’s business journey started with trading, not power generation. In 1985, he established Summit Industrial and Mercantile Corporation. The company initially worked as a trading business. Khan later moved into industries where Bangladesh had a growing need for private investment.
The power sector became the biggest turning point in his career.
During the 1990s, Bangladesh needed more electricity generation capacity. Summit entered the independent power sector and established Khulna Power Company in 1998. The company describes it as Bangladesh’s first independent power plant.
That business helped establish Summit as an important private power producer. Khan then continued to add businesses in other infrastructure sectors.
His wealth therefore comes from a long business career rather than one major transaction.
Summit Group: The Company Behind His Wealth
Summit Group is at the center of Muhammed Aziz Khan’s business empire.
The group started as a trading company but gradually became a diversified business group. Its major interests include:
- Power generation
- Energy and LNG
- Ports
- Logistics
- Fibre-optic communications
- Telecommunications infrastructure
- Real estate
Power remains particularly important because it is the main source of wealth identified in Forbes’ profile of Khan.
Power Generation
Summit’s power business is one of the company’s best-known operations.
The group has developed independent power projects in Bangladesh and became one of the country’s major private power producers. Its early investment in electricity generation gave Summit a strong position in an industry that is essential to Bangladesh’s economy.
For Khan, the power business also became the foundation for later investments in energy infrastructure.
Energy and LNG
Summit’s business interests later expanded beyond electricity generation. The group has invested in LNG infrastructure, including facilities used to receive and process imported liquefied natural gas.
LNG has become an important part of Bangladesh’s energy system because the country uses natural gas for electricity generation and industrial activity.
Ports and Logistics
Summit also has businesses connected with ports and logistics. The group developed a private-sector inland container depot and has been involved in other cargo and transportation infrastructure.
These businesses fit with Bangladesh’s large export and import market. Efficient ports, storage facilities and cargo services are important for manufacturers, exporters and importers.
Fibre-Optic Communications
Another major part of Summit’s portfolio is telecommunications infrastructure. The group has invested in fibre-optic networks across Bangladesh. These networks support data and communication services for businesses and other users. This investment allowed Summit to move into a sector that has little connection to traditional power generation but is equally important to a modern economy.
JERA’s $330 Million Investment in Summit
One of the biggest deals in Summit’s history came in 2019. Japanese energy company JERA invested $330 million to acquire a 22% stake in Summit Power International.
The investment was significant because JERA is one of Japan’s major energy companies. The deal brought international capital and expertise into Summit’s power business.
It also showed the scale of Summit’s operations and the growing interest of international companies in Bangladesh’s energy market.
Why Is Muhammed Aziz Khan Linked to Bangladesh If He Lives in Singapore?
This is one of the most common points of confusion about Khan. He was born in Dhaka, Bangladesh, and his business career is closely connected with the country. Summit Group’s major operations are also linked to Bangladesh. However, Forbes currently lists Khan as a Singapore citizen and resident.
This means two statements can be true at the same time:
- Khan is a Bangladesh-born billionaire.
- Forbes currently classifies him as a Singapore-based billionaire.
So, when you search for the richest person in bangladesh, you need to check whether the list is ranking Bangladesh residents, Bangladeshi citizens, or people born in Bangladesh.
Muhammed Aziz Khan’s Education and Personal Background
Khan was born in Dhaka in 1955 and studied at the Institute of Business Administration at the University of Dhaka. He earned an MBA from the institution.
His early career was focused on business and trading. He later shifted his attention toward industrial and infrastructure projects.
That change shaped the future of Summit Group. Instead of remaining a traditional trading company, Summit gradually moved into sectors requiring large amounts of capital and long-term investment.
Muhammed Aziz Khan’s Philanthropy
Khan has also been involved in charitable activities. He and his family established the Anjuman & Aziz Charitable Trust, which supports disadvantaged communities in areas such as education and healthcare.
Education has been an important focus of the trust. Its work includes support for children and communities with limited access to opportunities. Khan has also received recognition for his contribution to business and public service.
Other Richest Person in Bangladesh
Muhammed Aziz Khan is not the only wealthy business figure connected to Bangladesh. Several entrepreneurs have built large companies in sectors such as pharmaceuticals, textiles, food, shipping and real estate. Unlike Khan, none of these individuals appear on Forbes’ billionaire list.
| Businessperson | Company / Sector | Estimated Net Worth | Notes |
| Salman F. Rahman | Beximco Group (pharmaceuticals, textiles, ceramics) | $1.3–2 billion | Co-founder of one of Bangladesh’s largest conglomerates. Arrested in August 2024 amid the collapse of the Hasina government; companies linked to him carry non-performing loans exceeding BDT 800 billion, and he now faces corruption and embezzlement charges |
| Ahmed Akbar Sobhan | Bashundhara Group (real estate, cement, paper, consumer goods) | $500 million | Founder of one of Bangladesh’s largest real estate and industrial conglomerates |
| Iqbal Ahmed | Seamark Group / Ibco (frozen food, shipping, hospitality) | $250–290 million (£213 million, 2019 Sunday Times Rich List) | Bangladesh-born, UK-based entrepreneur; built one of Europe’s leading frozen food businesses starting from a single Oldham grocery store |
| Sayeed Abul Hossain | SAHCO International / Apex Group | $1 billion | Businessman and former politician; SAHCO facilitates foreign investment into Bangladesh. Figure is widely repeated but not traceable to a primary source |
Wrapping Up
Muhammed Aziz Khan’s story is closely tied to Bangladesh’s power and infrastructure industry. He started with a trading business in 1985 and gradually built Summit Group into a major company with interests in power, energy, ports, logistics and communications.
With Forbes estimating his 2026 net worth at $1 billion, he remains one of the most prominent billionaires born in Bangladesh. His current Singapore citizenship and residence, however, explain why international rankings may classify him outside Bangladesh.
So, if you are searching for the richest person in bangladesh, remember that the answer can depend on how the ranking defines a Bangladeshi billionaire. Looking at net worth, birthplace, citizenship, residence and business interests together gives you a much more accurate picture.
Frequently Asked Questions
Q1. Who is the richest person in Bangladesh in 2026?
Muhammed Aziz Khan is widely identified as one of the wealthiest Bangladesh-born businessmen. Forbes estimates his net worth at $1 billion in 2026.
Q2. What is Muhammed Aziz Khan net worth?
Muhammed Aziz Khan’s estimated net worth is $1 billion in 2026, according to Forbes.
Q3. How did Muhammed Aziz Khan make his money?
He started with a trading company and later built businesses in power generation, energy, ports, logistics, communications and other infrastructure sectors.
Q4. What is Summit Group?
Summit Group is a large Bangladeshi business group founded by Muhammed Aziz Khan. Its interests include power, energy, LNG, ports, logistics and fibre-optic communications.
Q5. Is Muhammed Aziz Khan from Bangladesh?
Yes. Khan was born in Dhaka, Bangladesh, in 1955. Forbes currently lists his citizenship and residence as Singapore.
Q6. How much did JERA invest in Summit?
JERA invested $330 million for a 22% stake in Summit Power International in 2019.
