Moosa Bin Shamsher is Bangladesh’s wealthiest individual, with a net worth 40,000 times greater than that of Sheikh Hasina

When talking about billionaires, we frequently think of Elon Musk, Jeff Bezos, Gautam Adani, and Mukesh Ambani. It may not be widely known, nevertheless, that Bangladesh has its fair share of affluent citizens. Notwithstanding issues like unemployment and poverty, the nation is home to a few billionaires who have amassed substantial wealth. Due to their enormous fortune, these people are not only generating news in Bangladesh but also around the world. Today, we’ll focus on one such billionaire, Moosa Bin Shamsher, and explore how wealthy he is.

Who is Moosa Bin Shamsher?

Moosa Bin Shamsher, born on October 15, 1945, in Faridpur, Bangladesh, hails from a prominent Muslim family. His father, Shamsher Ali Molla, served as a senior officer under British rule in India. Demonstrating exceptional intelligence from an early age, Moosa excelled at Faridpur Rajendra College before pursuing higher education at California State University, where he earned a Ph.D. in economics.

In addition to his academic achievements, Moosa had a deep interest in literature and culture, notably winning the All Pakistan Inter-School English Debate Competition. During the Liberation War, he was detained by the Pakistani Army and fell ill, requiring treatment at Faridpur Sadar Hospital upon his release. Following the war, he played a key role in helping to rebuild Bangladesh’s economy.

Moosa Bin Shamsher started his profession early and rose to prominence in Bangladesh’s commercial community. He began his career with the personnel exporting company DATCO, then went on to become a fortune in the arms trade by selling fighter jets, tanks, and other weaponry all over the world.

His achievements in the armaments business earned him a spot in the Sunday Telegraph in 1998 with the headline “Man with the Golden Guns.” Reportedly hiding $7 billion in a Swiss bank, Prince Moosa—as he was known in the West—faced controversy over these allegations. Moosa founded the DATCO Group in 2007, which supplies Bangladeshi laborers for foreign building projects and deals in international armaments.

Moosa Bin Shamsher’s net worth

Moosa Bin Shamsher holds the title of the wealthiest individual in Bangladesh. He is the founder of DATCO Group, a recruitment firm, and is recognized as an international arms dealer and power broker. His estimated net worth is approximately $12 billion (around Rs 1 lakh crore), according to TV9Hindi. In contrast, the net worth of former Bangladesh Prime Minister Sheikh Hasina is only Rs 2.48 crore, making Moosa Bin Shamsher 40,000 times wealthier than Hasina.

Other Top Bangladeshi Billionaires

• Salman F. Rahman is chairman of Beximco Group, one of Bangladesh’s largest conglomerates, with a net worth of approximately $2 billion (around Rs 16,600 crore).
• Tarique Rahman: The eldest son of former President Ziaur Rahman and former Prime Minister Khaleda Zia, Tarique Rahman has an estimated net worth of $1.7 billion, or roughly Rs 14,110 crore.
• Sajeeb Wazed Joy: son of former Prime Minister Sheikh Hasina, current ICT advisor to the Prime Minister, and chairman of the ICT company Synapse. His net worth stands at about $1.5 billion, equivalent to Rs 12,450 crore.
• Saeed Abul Hussain is chairman and MD of Apex Group and chairman of the Bangladesh Association of Pharmaceutical Industries (BAPI). His net worth is around $1.2 billion, or Rs 9,960 crore.
• Ahmed Akbar Sobhan is chairman of Bashundhara Group, one of Bangladesh’s major conglomerates. His net worth is estimated at $1 billion (approximately Rs 8,300 crore).
• Giasuddin Mamun is the former chairman of Meghna Group, with a net worth of around $420 million, or about Rs 3,486 crore.
• Dr. Muhiuddin Khan Alamgir is a Bangladeshi economist and politician with a net worth of approximately $400 million, or Rs 3,320 crore.