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13 Facts About Tay Za

1.

Tay Za is a close associate of the country's former head of state, Than Shwe.

2.

Tay Za is the first Burmese entrepreneur to appear on the cover of Forbes Asia and is the richest man in Myanmar.

3.

Tay Za's father, Myint Swe, was a retired lieutenant colonel at the Ministry of Industry.

4.

Tay Za's father was appointed to the top position at the Tatmadaw Military Research Unit, the equivalent of the Central Intelligence Agency in the United States, after finishing a training course at Fort Benning in Georgia.

5.

Tay Za passed the 10th standard at TTC in Yangon in 1982.

6.

Tay Za attended the Defence Services Academy, as part of the 1982 intake, but dropped out during his third year to marry Thida Zaw, against the wishes of both families.

7.

Tay Za began his career in the 1980s and started Htoo Group in the early 1990s to extract timber from Burma's forests.

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8.

Tay Za entered the banking industry and set up Asia Green Development Bank when a licence was granted by military junta in 2010 before giving up its power after general election.

9.

Tay Za's bank was sanctioned by US Government soon after it was established.

10.

Tay Za was an arms broker for ex-military regime, helping to buy military hardware from Russia.

11.

Tay Za kept a low profile while the National League for Democracy was in power, making a comeback after the 2021 coup when he joined a high-ranking military delegation to Moscow in May 2022 for the procurement of arms and military hardware.

12.

In March 2012, the European Court of Justice ruled that Pye Phyo Tay Za be allowed to regain access to his accounts in Europe, as he had testified that he was not connected to his father's business interests.

13.

Tay Za established Htoo Foundation on 5 May 2008, after Cyclone Nargis devastated the Ayeyarwady Region and along with his group of companies provided emergency relief supplies to the survivors in Bogalay Township, spending over US$8 million for the reconstruction of schools, hospitals, monasteries and government offices in the area.