It’s a sign of confidence when the wealthy plough their money back into their own country. Turkey’s richest people are investing their money in Turkish real estate, according to Forbes Turkey.
It’s a sign of confidence when the wealthy plough their money back into their own country. Turkey’s richest people are investing their money in , according to Forbes Turkey.
Forbes released its list of the 100 richest Turks last week, a day after the annual list of the world’s billionaires list was published.
Forbes found that 85 of the top 100 richest Turks hold investments in the property sector, a contrast to other countries where the rich tend to make their money by investing in the tech sector. Just 15 of Turkey’s top 100 invest in technology-related fields. Of the top 100, 83 inpiduals have investments in the energy sector, 54 in tourism and 46 in finance.
Of those who have made their wealth from construction projects include CEO of Torunlar GYO, Aziz Torun; the founder of Enka Holding, Sarik Tara; and the chairman of Agaoglu, Ali Agaoglu.
Turkey’s wealthiest families each have at least one hotel in Turkey and are included in the real estate tally of investors on Forbes’ list. The Forbes list detailed Turkey’s 33 billionaires, with the wealthiest being Murat Ulker, the chairman of Turkey’s largest food company Yildiz Holding.
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