American magazine Forbes published the list of billionaires. Aziz Khan, Chairman of Summit Group, is the only Bangladeshi.
According to the list of Forbes, there are only 2 thousand 781 people who own billions of dollars in the world. Among them, Aziz Khan is at 2545th place.
According to the information of the American magazine, Aziz Khan's total wealth is 110 million dollars. In Bangladesh money which is equal to 12 thousand 100 crore rupees. Aziz Khan is a Bangladeshi businessman. But he lives in Singapore and is the founding chairman of Summit Group.
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Summit Group has businesses in Power, Ports, Fiber Optics and Real Estate across Bangladesh. In 2019, Aziz Khan sold a 22 percent stake in Summit Power International to Jera of Japan for $330 million. The value of the company stands at 1.5 billion dollars.
Aziz Khan's company Summit Power International is registered in Singapore. Aziz Khan's daughter Ayesha is currently managing Summit Power International. This company also has business in Bangladesh. However, since it is registered in Singapore, its assets are accounted for there.
Muhammad Aziz Khan, a father of three, has a master's degree from the Department of Business Administration of Dhaka University. The son of an army officer started a business in the housing sector after his studies. Summit started as a trading firm but later shifted its focus to housing.
Aziz Khan entered Singapore's top 50 richest list for the first time in 2018, according to Forbes. His wealth that year was 91 million US dollars. In the following year i.e. 2019, his wealth decreased to 85 million US dollars. In 2020, his wealth once again increased to over 95 crores.
In the next two years, his wealth increased further. In 2021, Muhammad Aziz Khan's wealth increased to 99 million dollars. And the following year, that is, in 2022, the chairman of Summit Power entered Singapore's billion-dollar club for the first time.