Syed Nasim Manzur, son of Syed Manzur Elahi, confirmed the news to Prothom Alo from Singapore.
Nasim Manzur further said his sister and he were by the bed of his father until the last moment.
They have been trying to bring his body back home today, he added.
Syed Manzur Elahi left his job at a multinational company and started his footwear business. He was the first trader to export Bangladeshi shoes abroad.