The richest person in Bangladesh: Who is the richest person in Bangladesh?
Bangladesh’s Richest Man: Bangladesh is currently making headlines worldwide due to political instability. But amidst all this, there is also a powerful corporate figure who is often referred to as the Mukesh Ambani of Bangladesh. This man’s name is Musa Bin Shamsher. He is considered to be the richest man in Bangladesh.
Bangladesh’s Richest Man –
Musa Bin Shamsher is considered the richest man in Bangladesh. He is often referred to as Prince Musa. Prince Musa has amassed his fortune across several countries and is known internationally for operating in sectors that are both lucrative and controversial. Unlike many South Asian billionaires who rose through manufacturing or consumer businesses, Musa’s rise followed a significantly different path.
What is Musa Bin Shamsher’s Net Worth?
According to various media estimates, Shamsher’s net worth is approximately $12 billion. This places him significantly ahead of other Bangladeshi business figures and at the top of the country’s wealth ladder. For comparison, Mukesh Ambani’s personal net worth is approximately ₹10 lakh crore (10 trillion rupees), and his flagship company’s market capitalization is approximately ₹20 lakh crore (20 trillion rupees). This is roughly 10 times more than Musa’s estimated wealth.
The Source of Musa’s Empire –
Musa Bin Shamsher is the founder of the DATCO Group. Originally established as DATCO Private Limited in the early 1970s, the company started as a multi-trading house and later expanded into manpower export and international brokerage. DATCO played a significant role in the expansion of Bangladesh’s labor export industry. The group opened markets in the Middle East, East Asia, North Africa, and Europe.
Arms Dealing and Wartime Profits –
The most controversial aspect of Musa Bin Shamsher’s career is his claim that he operated as an international arms dealer during the 1970s and 1980s. He has openly stated that he earned billions of dollars during major conflicts, including the Iran-Iraq War. These claims have never been fully substantiated.
Swiss bank claims and controversies:
Musa bin Shamsher has also claimed that he has large sums of money deposited in his Swiss bank accounts. These statements have sparked debate and skepticism as they remain unproven and are disputed.
