Richest People in Turkey: Top Turkish Billionaires 2019

Turkey houses some of the richest people in the world. When it comes to the source of wealth for these Richie-rich big wigs, banking, real estate, tourism, food, communication & finance play a major role. While there are self-made business tycoons, a lot of billionaires in the list are able successors of the family business founded by their parents or grandparents.

10. Sezai Bacaksiz – $1.7 Billion

Sezai Bacaksiz and his billionaire partner, Nihat Ozdemir, met as students at Gazi University and founded Limak Construction in 1976.

Besides being contractor for some of Turkey’s largest infrastructure projects, Limak has operations in energy, tourism, transportation and cement.

It is currently part of a consortium working on an initial, $6-billion-plus phase of building Istanbul’s third airport, due to open in 2018. 

Limak is a major builder and operator of hydroelectric power plants, ranking among Turkey’s top three electricity producers.

Besides Turkey, Limak operates in Kuwait, Egypt, Kosovo, Turkish Republic of Northern Cyprus, Eastern Europe, Africa, Pakistan, Ukrai

9. Melih Abdulhayoglu – $1.8 million

Melih Abdulhayoglu’s Comodo, which he founded in 1998 in the U.K., produces digital security products, notably SSL certificates for websites.

He moved the company to New Jersey in 2004 and in 2017, sold 50% to private equity firm Francisco Partners for an undisclosed sum.

Another Abdulhayoglu venture, eZLO, produces smart home automation technology that is compatible with Amazon Alexa.

He’s also developing a client-server communication protocol for sharing access to files, printers, serial ports and other resources on a network.

These and other ventures are gathered within MAVeCap (Melih Abdulhayoglu Venture Capital), founded in 2018.

8. Filiz Sahenk – $1.9 Billion

Filiz Sahenk manages the branded clothing and tourism components of family conglomerate Dogus Holding.

Dogus also operates in real estate and media, financial services, construction and auto import and distribution. Most of the fortune derives from Garanti Bank. The family sold its remaining 10% of Garanti to Spain’s BBVA in 2017, bringing in $900 million.

Dogus’ hotel portfolio includes the Astir Palace and Athens Hilton in Greece, the Capri Palace in Italy and Rome’s Aldrovandi Villa Borghese. In 2018, Dogus sold 17% of d.ream (Dogus Restaurant Entertainment and Management) to private investors for $200 million.

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Updated: October 9, 2019 — 10:25 pm
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