Salman first Bangladeshi ‘billionaire’ to enter global rich list

He rejects valuation

Staff Correspondent | Published: 21:47, Mar 09,2017


Salman F Rahman

Salman F Rahman became the first Bangladeshi ‘billionaire’ to enter into the ‘Hurun Global Rich List’.
Salman, vice-chairman of BEXIMCO Group, has been ranked at 1685th position of the Hurun’s list with a fortune of $1.3 billion.
Hurun Global Rich List 2017, released on Tuesday, is an annual publication of the well-known China-based monthly financial magazine Hurun.
The Hurun list showed Salman’s investment in pharmaceutical industry but there were no specifics about how the valuation of his fortune had been assessed.
When he was asked about the Hurun list, Salman, however, said that his personal property or net worth was not anything near the valuation showed by the Hurun.
‘Although the total valuation of Beximco Group might be around $1.3 billion, I don’t know how they assessed my personal wealth. I have no knowledge about Hurun and their operations,’ he told New Age thorough his public relations firm, Impact PR on Thursday.
Salman is the private sector adviser to Awami League president Sheikh Hasina, also the prime minister.
Beximco Group was one of the leading loan defaulters in early 2000 but later it regularised its loans rescheduling them in the last few years.
A number of banks including state-run Janata restructured around Tk 15,000 crore in loans of several corporate groups, including Beximco, on easy terms in the second half of 2015, due to alleged political pressure.
In the Hurun list, Bill Gates, 61, held on to the top spot with a wealth of $81 billion, with Warren Buffet close on his heels at number two, with $78 billion. Jeff Bezos of Amazon got the number three spot with $72 billion.
China recorded the highest number of billionaires, followed by the US, with 609 and 552 billionaires respectively. While India was third on this list last year with 111 billionaires, but that number has fallen to 100 this year, thus allowing Germany to overtake it for third place, with 109 billionaires.
The report states that there are 2,257 billionaires in the world, up by 69 from last year’s 2,188.
The technology sector has brought in the largest amount of wealth for these billionaires, followed by manufacturing, investments and real estate.
Logistics and retail are the fastest growing sectors. About this new trend, Hoogewerf, founder of the Hurun magazine, said, ‘The new economy is driving an explosion in parcel deliveries, creating more new wealth than any other sectors.’
Facebook’s Mark Zuckerberg was in fifth spot of Hurun list with fortune worth $58 billion while US president Donald Trump was in 395th position with $4.5 billion net worth.

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