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Summit Group Chairman Muhammed Aziz Khan has made it to Forbes’s 2024 World's Billionaires List.
Khan, now a Singapore permanent resident, was previously ranked the 41st richest person in Singapore, according to the American business magazine.
In 2018, when Khan was first listed in Forbes Singapore's list, his net worth was $910 million.
His current real-time net worth is $1.1 billion, according to Forbes
In 2019, Khan sold a 22 per cent stake in Summit Power International to Japan's JERA for $330 million, which valued the company at $1.5 billion
Summit Group, a leading private sector conglomerate of Bangladesh, has interests in power, ports, fibre optics, real estate and liquefied natural gas.