1. Erman Ilicak – $3.8 Billion
Established in 1993 by Erman Ilicak, Ronesans Holding is active in construction, real estate investment and development, energy, health and education.
In July 2016, he sold 5% of Ronesans to IFC, a World Bank institution, in a deal that valued the company at $4.3 billion.
Construction firm acquisitions include the Swiss Hergiswill and German Heitcamp in 2013, and the Netherlands’ Ballast Nedam in 2015. Ronesans’ construction of Neva Towers in Moscow, a few miles from the Kremlin, represented a $1.3 billion investment.
Ronesans has a $4.3 billion contract with the Turkish government for the construction and leasing to the state of 12 large hospitals.