Summit Chairman Aziz Khan slips to 49th richest in Forbes Singapore list, net worth $1.1b
His fortune primarily stems from the power sector, and he was previously ranked 41st on the same list in 2024
Bangladesh-born Muhammed Aziz Khan, chairman of Summit Group and a Singapore resident, has been ranked the 49th richest man in the city-state, all in Bangladesh, with a net worth of $1.1 billion, according to Forbes.
The list, released yesterday (3 September), states that his fortune primarily stems from the power sector, and he was previously ranked 41st on the same list in 2024.
According to Forbes, Aziz Khan, now 70, has been a permanent resident of Singapore for over a decade, though his conglomerate's operations remain rooted in Bangladesh.
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The Summit Group in Bangladesh has investments in power, ports, fibre optics, and real estate, with all its Bangladeshi power assets held under its Singapore-registered holding company, Summit Power International.
In 2019, Khan sold a 22% stake in Summit Power International to the Japanese firm JERA.
