Three groups dominate Turkish Ekonomist’s wealthiest families list

Three families that own Turkey’s largest conglomerates have dominated a list of the richest families compiled by the Turkish Ekonomist magazine this year
Rahmi Koç, Koç Holding Honorary President.
Sunday, 12 November 2017 23:24

 

Koç family, which owns Koç Holding that has investments in various sectors varying from automobiles to banking, defended its top spot on the list with a wealth over $8 billion, Hürriyet Daily News reported.

Turkish conglomerate Koç Holding said on Nov. 9 its net profit climbed 31 percent to 1.290 billion lira ($334 million) in the third quarter from 981 million lira in the same period a year earlier.

Şahenk family, which owns Doğuş Holding, and Şevket Sabancı and his family, which owns Esas Holding, followed. The wealth of these two families stood at between $7 billion and $8 billion, it noted.

However, two more families, Erol Sabancı and his family, the owners of Sabancı Holding, and Türkan Sabancı and her family, the owner of S. Sabancı Holding, ranked fourth and fifth. The magazine recorded the wealth of these two families between $6 billion and $7 billion.

Murat Ülker, the chairman of Yıldız Holding that owns food giant Ülker, headed the top second list of five, with families’ wealth between $5 billion and $6 billion.

Özokur family followed the list with its Üs Holding. The Tara family of Enka Holding and Eczacıbaşı family of Eczacıbaşı Holding came eighth and ninth.

The Yazıcı family of Anadolu Grubu, which owns Turkey’s largest brewery, ranked 10th with an estimated wealth of $4 billion to $5 billion.

Fiba Holding’s Hüsnü Özyeğin, Özilhan family, which partners with Yazıcı in Anadolu, and Zorlu Holding’s owner Zorlu family followed.

Doğan family of Doğan Holding, which owns media assets including the CNN Türk, Dogan News agency, Hürriyet daily ranked 14th in the same category.

Sanko Holding’s owner Konukoğlu family stood at 15th spot with a wealth between $3 billion and $4 billion.