Bangladesh’s Awami League party is sounding the alarm on a stark contrast in the country’s economy. While everyday folks battle rising poverty and job losses under the interim government led by Muhammad Yunus, more than 10,000 new millionaires have popped up in just eight to 10 months.
The party paints a grim picture of Bangladesh’s economy right now. Unemployment has climbed above eight percent, and poverty affects nearly 28 percent of people. Hundreds of factories have closed their doors, foreign investment has dried up to almost nothing, and a whopping 2.6 million workers have lost their jobs. Families are feeling the pinch from skyrocketing prices on basics like food and fuel. To top it off, GDP growth in the post-COVID era has slowed to a mere 3.97 percent.
But here’s the twist that’s raising eyebrows: Bangladesh Bank data shows 10,928 fresh millionaire bank accounts added in that short time frame. That brings the total to 127,336 as of June 2025. What’s especially striking? Eighty-seven percent of these new millionaires are under 30 years old, and over 2,000 haven’t even finished their education yet.
The Awami League is asking tough questions: Who are these young millionaires, and how are they building such huge fortunes when ordinary Bangladeshis can barely make ends meet? The party warns that three million people have now lost jobs amid this economic recession, and the gap between the rich elite and everyone else is widening fast. Without stronger regulations, transparency, and oversight, this wealth inequality could spark lasting social unrest in Bangladesh.
This isn’t the first time the party has flagged the troubles. Earlier this month, Awami League leaders called it the worst crisis Bangladesh has faced in over a decade—one fueled by Islamist militancy, extremism, economic collapse, unemployment, crumbling law and order, and widespread chaos under the Yunus administration.
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