Muhammed Aziz Khan

$1.00 B

Ranked #3328 in World

About Muhammed Aziz Khan

Muhammed Aziz Khan, a distinguished Bangladeshi industrialist and the founder of Summit Group, has evolved from initiating Bangladesh's first private sector power producer to leading a diversified conglomerate with interests in power, energy trading, port operations, telecommunications, hospitality, and real estate. Born in 1955 and embarking on his entrepreneurial journey at 18, Khan has secured his position as the 42nd richest individual in Singapore, leveraging his education (MBA from the Institute of Business Administration, University of Dhaka, 1980) and his ventures like Bangladesh's initial independent power plant in 1998. Despite facing scrutiny with the Panama Papers, Khan maintains a key role across various sectors and notable recognition, including the COVID-19 Resilience Medal in 2023. He, alongside his family, contributes significantly to societal advancements through the Anjuman and Aziz Charitable Trust, partnering with UNICEF to mitigate the learning crisis following COVID-19.

Born

March 01, 1955

Age

71 years

Source Of Wealth

Power

Industries

Energy

Citizenship

Singapore

Residence

Singapore

Education

Master of Business Administration, University of Dhaka

Spouse

Anjuman Aziz Khan

Children

3 daughters

Muhammed Aziz Khan, born in 1955, is a prominent Bangladeshi industrialist, founder, and chairman of the Summit Group. His early life was shaped by his upbringing as the son of an army officer. At the age of 18, he ventured into the world of business, partnering with a friend in the import trade. His educational journey led him to the Institute of Business Administration, University of Dhaka (IBA), where he obtained an MBA in 1980. During his time in Old Dhaka, he engaged in chemical trading and expanded his business with the support of renowned businessmen. This early phase of his career laid the foundation for his future success and established his reputation for financial mobilization.

Muhammed Aziz Khan: Family

Muhammed Aziz Khan is married to Anjuman Aziz Khan, and together they have three daughters: Ayesha, Adeeba, and Azeeza. Ayesha Khan holds the position of managing director and CEO of Summit Power International, while Dr. Adeeba Aziz Khan is a fellow at Wolfson College, Cambridge University. Azeeza Aziz Khan serves as a Director of Summit Group of companies. The family's commitment to philanthropy and social responsibility is evident through their involvement in various initiatives.

Muhammed Aziz Khan: Career Highlights

Muhammed Aziz Khan's career is marked by a series of significant achievements. He played a pivotal role in transforming the Summit Group from Bangladesh's first private sector power producer into a diversified conglomerate with investments spanning power, energy trading, port, telecommunications, hospitality, and real estate. Some of his notable career highlights include:

Establishing Bangladesh's first independent power plant, Khulna Power Company Limited, in 1998.
Setting up the country's first private off-dock facility, Summit Alliance Port Limited.
Laying a nationwide telecommunication transmission network through Summit Communications Ltd.
Building hotels, a convention hall, and shops near Dhaka's International Airport through IPCO Ltd.
Entering into a joint venture with GE in 2011 to construct plants generating 327 megawatts of electricity.

Forming a joint venture with China Energy Group in 2012 for various power projects.
Being elected president of the Bangladesh Association of Publicly Listed Companies in 2015.
Securing a deal to build Bangladesh's first high-tech business park.

Muhammed Aziz Khan: Companies

Muhammed Aziz Khan holds leadership positions in various companies within the Summit Group. He serves as the chairman of Summit Alliance Port Limited (SAPL), Siraj Khaleda Trust, and Trustee of Prothom Alo Trust. Additionally, he is the president of the Bangladesh Association of Publicly Listed Companies (BAPLC) and the founding president of the Bangladesh Energy Companies Association. His role as the Honorary Consul General of Finland in Bangladesh further demonstrates his commitment to international relations and diplomacy.

Muhammed Aziz Khan: Major Achievements

Muhammed Aziz Khan's contributions to the business and energy sectors have earned him numerous accolades and recognitions. Some of his major achievements include:

COVID-19 Resilience Medal (2023)
Sher-e-Bangla Peace Award (2023)
Public Service Medal (COVID-19) (2023)
Priyadarshni Academy's Global Award (2022)
Asia's Outstanding Leader at ACES Awards (2020)
Global Asian of the Year (2018)
Business Person of the Year (2015)

Muhammed Aziz Khan: Awards & Achievements

Muhammed Aziz Khan's leadership and philanthropic efforts have been widely recognized through numerous awards and achievements. Some of the notable honors he has received include:

COVID-19 Resilience Medal (2023)
Sher-e-Bangla Peace Award (2023)
Public Service Medal (COVID-19) (2023)
Priyadarshni Academy's Global Award (2022)
Asia's Outstanding Leader at ACES Awards (2020)
Global Asian of the Year (2018)
Business Person of the Year (2015)

Muhammed Aziz Khan: Personal Life & Legacy

Muhammed Aziz Khan is a permanent resident of Singapore. His commitment to philanthropy and social responsibility is evident through his involvement in various initiatives. He and his wife, Anjuman Aziz Khan, established the Anjuman and Aziz Charitable Trust (AACT), which joined UNICEF's International Council in Copenhagen in 2022.

The trust has partnered with UNICEF Bangladesh to enable education for disadvantaged children and support specialized learning programs. Their outreach activities have benefited thousands of parents and community leaders.

Muhammed Aziz Khan: Trivia

Muhammed Aziz Khan's name appeared in the Panama Papers, leading to investigations by the National Board of Revenue and Anti Corruption Commission Bangladesh. However, it was later clarified that the offshore companies were linked to an earlier 2013 leak.

Wealth History

Timeline

1955

Muhammed Aziz Khan was born in Bangladesh.

1980

Khan received an MBA from the Institute of Business Administration, University of Dhaka (IBA).

1998

Khan set up Bangladesh's first independent power plant, Khulna Power Company Limited.

2011

Khan entered into a joint venture with GE to build plants generating 327 megawatts of electricity.

2012

Khan entered into a joint venture with China Energy Group for various power projects.

2013

Khan's offshore companies were linked to a leak.

2015

Khan was elected president of the Bangladesh Association of Publicly Listed Companies.

2018

Khan was awarded the Global Asian of the Year.

2020

Khan was awarded Asia's Outstanding Leader at ACES Awards.

2022

Khan's wife, Anjuman Aziz Khan, joined UNICEF's international council to address the learning crisis caused by COVID-19.

2023

Khan received the COVID-19 Resilience Medal, Sher-e-Bangla Peace Award, and Public Service Medal (COVID-19).

Muhammed Aziz Khan : FAQs

What is Muhammed Aziz Khan's current net worth?

Muhammed Aziz Khan's current net worth is $1.00 billion.

What is Muhammed Aziz Khan's current global rank among billionaires?

Muhammed Aziz Khan holds the 3328th position globally among billionaires.

What is Muhammed Aziz Khan's current ranking within the Singapore?

Muhammed Aziz Khan holds the 54th position in Singapore.

What was the change in Muhammed Aziz Khan's net worth compared to the previous year?

Muhammed Aziz Khan's net worth decreased by 67.94 million dollars compared to the previous year 2025, when his net worth was 1.07 billion dollars.

What are Muhammed Aziz Khan's main sources of wealth?

Muhammed Aziz Khan's main source of income comes from Power.

In which industry does Muhammed Aziz Khan primarily operate?

Muhammed Aziz Khan is primarily involved in the Energy industry.

What is Muhammed Aziz Khan educational background?

Muhammed Aziz Khan holds a Master of Business Administration from the University of Dhaka.

How old is Muhammed Aziz Khan?

Muhammed Aziz Khan is 71 years old.

How many children does Muhammed Aziz Khan have?

Muhammed Aziz Khan has 3 children.

Who is Muhammed Aziz Khan and what is the Summit Group?

Muhammed Aziz Khan is a Bangladeshi industrialist, the founder, and chairman of the Summit Group, a diversified conglomerate with investments in power, energy trading, port, telecommunications, hospitality, and real estate. He led the Summit Group from being Bangladesh's first private sector power producer to becoming a major conglomerate, and he is the 42nd richest person in Singapore.

Can you detail the significant career milestones of Muhammed Aziz Khan?

Significant milestones in Khan's career include setting up Bangladesh's first independent power plant in 1998, establishing the country's first private off-dock facility, laying out a national telecommunication transmission network through Summit Communications Ltd, and forming joint ventures with GE and China Energy Group for power projects. He also secured a deal to build Bangladesh's first high-tech business park and has been elected president of the Bangladesh Association of Publicly Listed Companies.

What are some of the recognitions received by Muhammed Aziz Khan?

Muhammed Aziz Khan has received multiple recognitions, including the COVID-19 Resilience Medal, Sher-e-Bangla Peace Award, Public Service Medal (COVID-19) in 2023, Priyadarshni Academy's Global Award in 2022, Asia's Outstanding Leader at ACES Awards in 2020, Global Asian of the Year in 2018, and Business Person of the Year in 2015.

What actions have Muhammed Aziz Khan and the Anjuman and Aziz Charitable Trust (AACT) taken in response to the COVID-19 education crisis?

In response to the COVID-19 education crisis, Muhammed Aziz Khan and the Anjuman and Aziz Charitable Trust (AACT) joined UNICEF's international council to address learning disruptions. They entered into a four-year partnership with UNICEF Bangladesh to enable education for disadvantaged children, supporting UNICEF's specialized learning program for 3,000 children in Dhaka and outreach activities for around 5,000 parents and community leaders, with trustees joining UNICEF's International Council in Copenhagen in 2022.