Bangladesh, whose population exceeding 160 million, evokes many things when we hear about it. Among other many things — “densely populated nation, one of the poorest countries” tag conjures up in mind.
However, Bangladesh has made significant progress over the last few years in the economic sector. Bangladesh grew its economy and has recently been elevated from low-income country (LIC) to lower middle-income country.
But, the poor aren’t going anywhere. There are issues like malnutrition, political instability, growing population threaten to undermine Bangladesh’s earned progress.
Still, we all tend to ask who the richest folks are in this country, what they do and how they gained wealth. Today I will tell you their stories — the persons who made it big became wealthy and ascended to the influential positions.
The richest in Bangladesh made their wealth on jute mills, import-export businesses, apparel products, pharmaceuticals, politics, real estate, LP Gas, manufacturing and of course through corruption.
The Top 10 Richest People’s List
Of all the wealthiest people in Bangladesh, featured here are the 10 richest Bangladeshis persons. They are billionaires and they are millionaires. So, let’s find out who they are and their net worth:
10. Iqbal Ahmed
With a net worth of $250 million, Iqbal Ahmed is the 10th richest Bangladeshi. He is a Bangladeshi-born British entrepreneur.
He was born on 4th August 1956. He studied at the City College in Westminster. His source of fortune is importation of shrimp. He leads two companies, named Seamark and Ibco. The companies deal with hotel and real estate development, shipping, food and hospitality.
Bottom Line – of the world’s billionaires, few still hail from poverty-ridden countries. Bangladesh is the stark example. The richest in Bangladesh also prove you don’t have to born into wealth to gain wealth. By dint of assiduity, industry and entrepreneurial skill, you can sure gain success.
9. Ragib Ali
Very popular for his philanthropic activities, Ragib Ali is also one of the richest Bangladeshis.
He was born on 10 October 1938. He pursued his higher education in the United Kingdom. He is the epitome of a person starting from scratch and making it big. He started as an ordinary waiter, but through dint of hard work and honesty, he became a leading entrepreneur.
Mr Ali leads Sylhet Tea Company Ltd. and owns several other tea estates in Chittagong and Sylhet. He’s the founder of numerous educational institutions. His net worth is $250 million.
8. Mohiuddin Khan Alamgir
Became the laughing stock of Bangladesh after he theorized that activists of the opposition party were involved in tearing down Rana Plaza. His net worth is no laughing matter though. He acquired wealth that is worth over $400 million.
Mr Alamgir was born in 1942. He earned his PhD in economics from Boston University. He was the former state minister of home affairs. He attained various administrative positions during the tenure of Awami League Government.
7. Giasuddin Al Mamun
If there was a competition for the people who used up political favor the most, then Giasuddin Mamun would have been a champion.
He is often criticized for using his political influence to fuel his business ambitions. It is alleged that he was given loans at little to no interest rate and he paid nothing against the loans. He acquired wealth that is subject to investigations. The Anti-Corruption Commission in Bangladesh filed charges against him.