Biography

Muhammad Yunus (born 28 June 1940) is a Bangladeshi entrepreneur, banker and economist, who is currently the interim leader of Bangladesh. Yunus was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank and pioneering the concept of microcredit and microfinance. Yunus has received other national and international honors including the United States.In 2009, he was awarded the US Presidential Medal of Freedom, and in 2010, he was given the Congressional Gold Medal.  Yunus is one of only seven people to have received the Nobel Peace Prize, the United States Presidential Medal of Freedom, and the United States Congressional Gold Medal. Following Sheikh Hasina’s resignation, she is taking over as the Chief Adviser to the Interim Government of the People’s Republic of Bangladesh on 8 August 2024.

Yunus is an economist and banker who was awarded the Nobel Peace Prize in 2006 for founding the Grameen Bank, which pioneered the fight against poverty through microloans. Nobel Peace Prize-winning economist Muhammad Yunus forced Prime Minister Sheikh Hasina to resign after weeks of student-led protests and After being forced to flee to India, he returned to Bangladesh under the leadership of an interim government. “It’s good to be back home,” the 84-year-old said after landing at Hazrat Shahjalal International Airport in the capital Dhaka on a flight from Paris via Dubai on Thursday.

Education

He passed the matriculation examination from Chittagong Collegiate School ranked 16th out of 39,000 students from East Pakistan. During his school years, he was an active Boy Scout and traveled to West Pakistan and India in 1952 and went to Canada in 1955 to attend jamborees. Later Yunus became active in cultural activities while studying at Chittagong College and won an award for drama. He enrolled in Dhaka University’s Department of Economics in 1957, graduating with 1960 for a BA and 1961 for an MA.

Career

After graduation, Yunus joined the Economics Bureau as a research assistant for Nurul Islam and Rehman Sobhan’s economics research.He enrolled in Dhaka University’s Department of Economics in 1957, graduating with a BA in 1960 and an MA in 1961.

 During that time, he also set up a profitable packaging factory next door.He was given a Fulbright grant in 1965 so that he could study in the US.  He received his PhD in Economics from the Vanderbilt University Graduate Program in Economic Development (GPED)[18] in 1971.Yunus taught economics as an assistant professor at Middle Tennessee State University in Murfreesboro from 1969 to 1972.

Along with other Bangladeshis living in the US, Yunus founded a citizen group and oversaw the Bangladesh Information Center during Bangladesh’s War of Independence in 1971 in an effort to rally support for the country’s independence. From his Nashville home, he also produces the Bangladesh Newsletter. He was appointed to the government’s Planning Commission, which was led by Nurul Islam, upon his return to Bangladesh following the war.However, he found the job boring and resigned to take the helm of Chittagong University’s economics department.  After observing the 1974 famine, he became involved in poverty alleviation and established a rural economic program as a research project.

Net Worth

Muhammad Yunus is a Bangladeshi entrepreneur, banker, civil society leader and economist who has a net worth of $10 million. In the Bengal Presidency of British India, in Chittagong, Muhammad Yunus was born in June 1940. He pioneered the concept of microcredit and microcredit and won the Nobel Peace Prize for founding the Grameen Bank.

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Conclusion

Yunus was chosen by President Mohammad Shahabuddin to lead an interim government, fulfilling a key demand of student protest leaders. The veteran academic traveled abroad this year while on bail after serving a six-month prison sentence on charges of being politically motivated. He was acquitted by a court in Dhaka on Wednesday. Army chief General Waqer-uz-Zaman said he supported Yunus: “I am sure he will be able to lead us through a beautiful democratic process.”