Nurul Islam, also a freedom fighter, breathed his last at Evercare Hospital around 4 pm, said Saiful Alam, editor of the Daily Jugantor and also president of the Jatiya Press Club.
He left behind wife Salma Islam, former State Minister for Women and Children Affairs, one son, three daughters and a host of relatives to mourn his death.
Nurul Islam, also the founding chairman of Daily Jugantor and Jamuna Television, had been undergoing treatment at the Evercare Hospital since June 14.
A ten-member medical board was formed for his treatment at the hospital.
Nurul Islam who was born in Noakhali in 1946, founded Jamuna group in 1974 and established 41 organizations in industries and service sectors.
Jamuna Group deals with electronics, cloths, woven garments, chemicals, leather, beverage, motorcycle, toiletries, and construction sectors. Jamuna Future Park and Marriott Hotel are the part of the Jamuna Group.
The business magnate has donated Tk 10 crore to the relief fund of Prime Minister Sheikh Hasina to fight against Covid-19 pandemic.
Besides, the Jamuna Group has been making high quality Personal Protective Equipment (PPE) and hand sanitizers amid the outbreak and distributing them at reasonable price.
A host of prominent people in Bangladesh condoled his death, including Finance Minister AHM Mustafa Kamal, Road, Transport and Bridges Minister Obaidul Quader, Industries Minister Nurul Majid Mahmud Humayun, Home Minister Asaduzzaman Khan, Commerce Minister Tipu Munshi Information Minister Hasan Mahmud, State Minister for Youth and Sports Ministry Zahid Ahsan Russell and President of Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) Sheikh Fazle Fahim.
His Namaz-e-Janaza will be held at Jamuna Future Park Mosque after the Zohr prayers on Tuesday, reports Jugantor.
Babul will later be laid to rest at Dhaka's Banani graveyard.