World
Muhammad Aziz Khan Aziz Khan of Bangladesh in the list of top 50 richest people in Singapore
Own Correspondent, Dhaka, Sept 9: US magazine Forbes has released this year's list of the top 50 richest people in Singapore, known as Asia's safe haven. Muhammad Aziz Khan, the founding chairman of Summit Group, a private company in the power sector of Bangladesh, has again found a place in this list of the country's top rich persons.
Muhammad Aziz Khan is ranked 42nd in the list of Singapore's 50 richest people released by Forbes on Wednesday. Aziz Muhammad, a Bangladeshi national, has a business in Singapore. He has been living in the country for an age.
In the profile of Muhammad Aziz Khan, Forbes wrote, "Muhammad Aziz Khan made it to the top 50 richest people in Singapore for the first time in 2018. Then this time for the first time he entered the billion-dollar club of Singapore. In 2018, his net worth was 91 million USD. And within a few years, it has increased to 100 million US dollars this year."
According to Forbes, Bangladeshi-born Muhammad Aziz Khan is the chairman of the power company Summit Group. Summit has power, ports, fiber optics, and real estate businesses.
As per the American magazine, in 2019, Japanese private company Jera bought 22 percent of Muhammad Aziz Khan's Summit Power International. Due to this, his wealth decreased that year.
According to Forbes, Muhammad 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.
Forbes said, "Muhammad Aziz Khan entered the list of the top 50 richest people in Singapore for the first time in 2018. 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. According to Forbes, the wealth of the chairman of Summit Power International has reached 1 billion dollars this year.
