Billionaire Profile
Muhammed Aziz Khan
Global Rank
#3136

Image: Amitcse29 | CC BY-SA 4.0 | via Wikimedia Commons

Muhammed Aziz Khan

CEO, Power
SINGAPORE
Real-Time Net Worth
$1.003B
Estimated based on Power stock value as of March 6, 2026
0% (24h)
Age
70
Source
Power
Industry
Energy
Citizenship
SINGAPORE

Biography

Muhammed Aziz Khan is a prominent Singaporean industrialist and the Chairman of Summit Group, one of Bangladesh's largest conglomerates. Born in 1955, he is the founder of Summit Group. Khan transformed a small trading company into a major infrastructure conglomerate with interests in power, ports, fiber optics, real estate, and liquefied natural gas. His career includes establishing Bangladesh's first independent power plant, which now provides a significant portion of the country's electricity. Khan has received numerous awards and recognitions for his contributions to the business and energy sectors. He is also a well-respected philanthropist, contributing to causes in education, healthcare, and social welfare. As of February 2026, his net worth is estimated to be $1.1 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Muhammed Aziz Khan was born in 1955 in Dhaka, Bangladesh. He is the son of an army officer. At the age of 18, he embarked on his entrepreneurial journey, partnering with a friend in the import trade. He received an MBA from the Institute of Business Administration, University of Dhaka (IBA), in 1980.

Rise to Success

Khan's career is marked by significant achievements. In 1998, he established Bangladesh's first independent power plant. He expanded his business with the support of renowned businessmen. In 1985, he set up Summit Industrial and Mercantile Corporation to develop the country's infrastructure. Summit Group has since grown to include interests in power, ports, fibre optics, real estate, and liquefied natural gas. In 2016, he incorporated Summit Power International in Singapore.

Key Business Strategies

Khan's success is attributed to his strategic vision in identifying and addressing crucial gaps in Bangladesh's developing economy. He has built strong partnerships with multinational companies and secured billions in financing for infrastructure projects. His company, Summit Power International, has partnered with companies like GE, and JERA. He has also invested in sectors like ports and telecommunications.

Philanthropy

Khan is a well-respected philanthropist, supporting causes in education, healthcare, and social welfare. He contributes significantly to societal advancements through the Anjuman and Aziz Charitable Trust, partnering with UNICEF to mitigate the learning crisis. He is also a member of the UNICEF International Council and a trustee of the Asian University for Women.

Career Milestones

1973

Ventured into business

Started his entrepreneurial journey at 18 by partnering in the import trade.

1980

Earned MBA

Received an MBA from the Institute of Business Administration, University of Dhaka.

1985

Founded Summit Industrial and Mercantile Corporation

Established with the aim of developing Bangladesh's infrastructure.

1997

Established Summit Power

Built Bangladesh's first independent power plant.

2016

Incorporated Summit Power International in Singapore

A strategic decision to combine Bangladesh's growth potential with Singapore's financial markets.

Philanthropy & Social Impact

Education

Anjuman & Aziz Charitable Trust

Undisclosed

Supports educational opportunities for disadvantaged students.

Controversies & Challenges

2016

Panama Papers

Named in the Panama Papers, linked to offshore companies.

2024

Account Freeze

Bangladesh Financial Intelligence Unit (BFIU) directed banks to freeze accounts of Muhammed Aziz Khan and family members.