ALL NEW: Myamar Top 10 Richest People in 2020

4. Htun Myint Naing
Htun Myint Naing also known as Steven Law and Lo Ping Zhong is a Burmese businessman.
He is best known for being the managing director of Asia World, the country’s largest conglomerate, and as son of Lo Hsing Han, one of the country’s most notable drug traffickers. Tun also owns the Magway FC
3. Tay Za
Tay Za is a Burmese business tycoon and the Chairman of Htoo Group of Companies, Myanmar. He is a close associate of the country’s former head of state, Than Shwe. He is the first Myanmar entrepreneur to appear on the cover of Forbes Asia.
Htoo Htet Tay Za, managing director of Asia Green Development (AGD) Bank, listens during a Bloomberg Television interview at the Bloomberg Invest Myanmar conference in Yangon, Myanmar, on Thursday, March 9, 2017. AGD Bank has met with the Uber chief in Myanmar as the bank looks for partners in non-financial industries. Photographer: Brent Lewin/Bloomberg via Getty Images
His major business interests include Htoo Group and Air Bagan, the country’s first and only fully privately owned airline. In 2006–2007, Htoo Trading, a division of Htoo Holdings involved in teak log exports, was Burma’s top private exporter and fifth largest overall, with gross revenues of $65.1 million. He began his career in the 1980s and started Htoo Group in the early 1990s to extract timber from Burma’s forests. Other activities include construction, tourism, infrastructure projects, and mobile phone services. He enters into banking business and sets up Asia Green Development Bank when a license was granted by military junta in 2010 before giving up its power after general election. His bank was sanctioned by US Government soon after it was established. But it was removed from sanction list in 2013. He was an arms broker for ex-military regime, helping to buy military hardware from Russia. Tay Za’s airline Air Bagan is the main sponsor of Yangon United Football Club, one of the nine professional football clubs in Myanmar competing for the Myanmar National League (MNL) title. His son is chairman of the club.
4 of 5

Leave a Comment

You cannot copy content of this page
%d bloggers like this: