Bangladesh-born businessman Summit Group chairman Muhammed Aziz Khan and his family have been named the 34th richest person in Singapore on the list of 50 richest people and organisations of 2018.
A Singapore permanent resident Aziz Khan’s net worth is $910 million as of July 25, according to Forbes, a global magazine focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle.
The list was made available on Wednesday on its website as ‘2018 Singapore's 50 Richest Net Worth’ made based on an annual assessment of wealth and assets.
The magazine says that Summit has interests in power, ports, fibre optics and real estate and the 63-year-old Aziz Khan was one of the pioneers in the power industry of Bangladesh with more than 36 years of experience.
It says his daughter, Ayesha, runs Summit Power International and Aziz Khan are planning to list power unit Summit Power International on Singapore Exchange Limited.
Among 50 richest persons, owners of Singapore’s largest private landlord and property developer Far East Organisation brothers Robert and Philip Ng top the list.
Social networking site Facebook cofounder Eduardo Saverin, a Brazil national, and Japan’s paint manufacturer Goh Cheng Liang respectively took the second and the third place on the list.
Recently, as the first Bangladeshi company, Summit Power International has been enlisted with Stock Exchange of Singapore.
Summit Power International has deferred its planned US$260 million (S$344.2 million) Singapore Exchange initial public offering, which would be the first overseas IPO from a Bangladeshi company.
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