Facts of Tay Za
|Full Name||Tay Za|
|Birth Name||Tay Za|
|Birth Country||Burma or Myanmar|
|Father Name||Myint Swe|
|Father Profession||Retired Lieutenant Colonel at the Ministry of Industry|
|Date of Birth||July 18,1964|
How Much Is Tay Za's Net Worth?
Tay Za, a Burmese-born business magnate is considered the richest man and first-ever billionaire in Myanmar. Well, he is the Chairman of Htoo Group of Companies (HGC), Myanmar which is the parent company of airlines Air Bagan.
Well, the businessman's venture also got handy success through mining, hotels and real estate. As of 2019, the Burmese personality owns the net worth of around $1.2 billion.
Net Worth Details: Income Sources & Earnings
The major source of Tay Za's income his successful business venture. Well, he is the chairman of Htoo Group, the parent company of Air Bagan which is Myanmar's first and only fully privately owned airline.
His company's service has a wide range of hotel business to mining to exports. Back in 2006-2007, Htoo became the 5th largest and the topmost private exporter of logs, earning the revenue of $65.1 million.
According to various online sources, Tay Za has an estimated net worth of $1.2 billion as of June 2019. Even more, the daily growing business is likely to grow his fortune with passing time.
As reported, Tay Za's holdings on 17 hotels including Aureum Palace and Myanmar Treasure's worth allegedly range from $120 million to $150 million.
In addition to that, his company Htoo Group has the real estate contract for Yangon residential projects, estimated to be worth $30 million-$40 million.
Sanctions Were Lifted
Back in 2007, the United States government imposed sanctions against Tay Za and his companies after protests against Junta came up. He was accused of economic transactions with North-Korea.
Later, the then-U.S President Barack Obama issued Executive Order on October 7, 2016, for the termination of the Burma Sanctions Program.
As a result, Tay Za, along with other business tycoons were removed from OFAC's Specially Designated Nationals
Endorsements, Business Venture & Charity Works
As the owner of a huge business empire, Tay Za does make a huge sum of money through his ventures. Certainly, his company endorses many famous brands and promotes in exchange for a hefty economy.
Some major holdings of Tay Za include Asia Green Development Bank (opened in August 2010), 17 Hotels, Aureum Palace and Myanmar Treasure.
Moreover, his company focus range spreads up from mining of gold, nickel, jade, and limestone to construction and real estate including Yangon residential projects worth $30-$40 million.
The Burmese businessman is also active in charity works. Back on May 5, 2008, he founded Htoo Foundation after the Cyclone Nargis left Ayeyarwady Region devastated to aid the emergency relief.
Reportedly, the foundation spent over $8 million for the reconstruction of schools, hospitals, monasteries and government offices.
Assets, Lifestyle & Expenses
No doubt that Tay Za's billion dollars empire blesses him with a lavish lifestyle and jaw-dropping assets. The businessman lives in Yangon, Myanmar and owns millions of dollars worth house and cars.
Even though the details on most of his property empire is not out, but allegedly owns luxurious cars like Lamborghini, Mercedes, Range Rover and many more.
As reported, Tay Za also owns a private helicopter, in which, he makes travel to many places. Apart from this, he spends on costly clothes and daily life luxury.
Certainly, his exaggerating earnings makes him liable to massive tax payments, though the exact detail is not out. Also, no report on his insurance payment is out.
Tay Za's Personal Life: Age, Height, Family, Education, Relationship & Son
Tay Za was born on July 18, 1964, in Rangoon, Burma, also known as Myanmar. His other names are Tayza and Teza.
His father Myint Swe was a retired lieutenant colonel at the Ministry of Industry and mother's name is Ohn.
In 1982, he graduated 10th standard from TTC of Yangon and later attended the Defence Services Academy but dropped out in the 3rd year.
As of June 2019, Tay Za's age is 54 and stands an average height.
Relationship Status: Married Life & Son
Well, Tay Za is a happily married man and enjoys a blissful relationship with his wife Thida Zaw. Thida is the daughter of U Zaw and Daw Htoo.
For a fact, the duo married against their families' will, however, is yet to disclose their wedding details.
They are parents to 3 children: Pye Phyo Tay Za, Htoo Htet Tay Za, and Htoo Htwe Tay Za.
As reported, Tay Za's son is the chairman of Yangon United Football Club.
Reportedly, his son Pye Phyo Tay Za was sanctioned by the European Union and later in March 2012, gained access to his account after testifying no connections with father's business.