5. Ferit Faik Sahenk – $2 Billion
Family company Dogus Holding, of which Ferit Sahenk is president, covers sectors ranging from tourism, real estate and media to financial services, construction and autos.
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.
It bought the Villa Magna in Madrid for around $200 million in 2016, then sold it to Mexico’s RLH Properties for close to $250 million in 2018.
In 2018, Sahenk sold 17% of d.ream (Dogus Restaurant Entertainment and Management) to private investors for $200 million.