NetWorth
LeaderPortfolio
Khan
Muhammed Aziz Khan
Rank #3338
SINGAPORE•Energy•Power

Muhammed Aziz Khan

Net Worth
$1.004B
0% (24h)
Muhammed Aziz Khan (born 1955) is a Singaporean billionaire industrialist and the founder and chairman of the Summit Group, a leading infrastructure conglomerate in Bangladesh. His wealth stems from his ventures in the power sector, including Summit Power International, the largest independent power producer in Bangladesh. Khan, with an MBA from the University of Dhaka, has grown Summit Group from its beginnings as a trading firm in 1985 to a diversified group with interests in power, energy trading, ports, telecommunications, and real estate. As of April 2024, his net worth was approximately $1.1 billion. He is also known for his philanthropy and has been recognized for his contributions to education, healthcare, and social welfare.

How to read Muhammed Aziz Khan's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Muhammed Aziz Khan, we anchor the narrative to Power and Power, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.004B alongside global rank #3338, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (SINGAPORE) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

Early Life

Muhammed Aziz Khan was born in Dhaka, Bangladesh, in 1955. 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. Khan received an MBA from the Institute of Business Administration, University of Dhaka (IBA), in 1980. He began his business career trading chemicals.

Rise to Success

Khan founded the Summit Group, which started as a trading firm in 1985. He identified opportunities in Bangladesh's infrastructure needs and focused on power generation. In 1997, Summit Group built Bangladesh's first independent power plant, which was a pivotal moment in his career. Summit Power International (SPI) was incorporated in Singapore in 2015 and is now a leading infrastructure developer in South Asia. In 2019, JERA, a Japanese energy company, invested $330 million for a 22% stake in Summit Power International, which valued the company at $1.5 billion. By 2024, Summit Group's power projects generated nearly 20% of Bangladesh's electricity.

Key Business Strategies

Khan's business strategy focused on identifying and addressing critical gaps in Bangladesh's developing economy. This involved building partnerships with multinationals like General Electric, IFC, and Wärtsilä, and securing significant financing for infrastructure projects. He incorporated Summit Power International in Singapore to leverage the country's financial markets and governance framework.

Philanthropy

Khan and his wife, Anjuman Aziz Khan, established the Anjuman & Aziz Charitable Trust (AACT), which supports disadvantaged communities through education and healthcare initiatives. In 2022, they became the first Bangladeshis to join the UNICEF International Council.

Career Timeline

2022

UNICEF International Council

Became the first Bangladeshi to join the UNICEF International Council.

2019

JERA Investment

Sold a 22% stake in Summit Power International to JERA for $330 million.

2015

Incorporated Summit Power International

Incorporated in Singapore.

1997

First Independent Power Plant

Built Bangladesh's first independent power plant.

1985

Founded Summit Group

Established Summit Group as a trading company.

1980

MBA

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

Philanthropic Impact

Education & Healthcare$XB

Anjuman & Aziz Charitable Trust

Supports educational initiatives for disadvantaged children.

Key Business Ventures & Holdings

CompanyStakeValue
Summit Power Ltd.——
Summit Power International——

Net Worth History

In-Depth Analysis

Early Life

Muhammed Aziz Khan was born in Dhaka, Bangladesh, in 1955. 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. Khan received an MBA from the Institute of Business Administration, University of Dhaka (IBA), in 1980. He began his business career trading chemicals.

Rise to Success

Khan founded the Summit Group, which started as a trading firm in 1985. He identified opportunities in Bangladesh's infrastructure needs and focused on power generation. In 1997, Summit Group built Bangladesh's first independent power plant, which was a pivotal moment in his career. Summit Power International (SPI) was incorporated in Singapore in 2015 and is now a leading infrastructure developer in South Asia. In 2019, JERA, a Japanese energy company, invested $330 million for a 22% stake in Summit Power International, which valued the company at $1.5 billion. By 2024, Summit Group's power projects generated nearly 20% of Bangladesh's electricity.

Key Business Strategies

Khan's business strategy focused on identifying and addressing critical gaps in Bangladesh's developing economy. This involved building partnerships with multinationals like General Electric, IFC, and Wärtsilä, and securing significant financing for infrastructure projects. He incorporated Summit Power International in Singapore to leverage the country's financial markets and governance framework.

Philanthropy

Khan and his wife, Anjuman Aziz Khan, established the Anjuman & Aziz Charitable Trust (AACT), which supports disadvantaged communities through education and healthcare initiatives. In 2022, they became the first Bangladeshis to join the UNICEF International Council.

Data Sources & Methodology

Figures for Muhammed Aziz Khan are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.

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