Richest People in Turkey: Top Turkish Billionaires 2019

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.

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Updated: October 9, 2019 — 10:25 pm

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