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Yildiz Holding's chairman Murat Ulker, Turkey's largest food producer, is the richest person in the country with a fortune of US$4.4 billion, Forbes magazine revealed on Tuesday.
Ulker was the richest person in 2014 as well. The business magazine said Ulker increased his wealth by US$700 million since last year.
In recent years, Ulker's company has grown through acquisitions of international firms. Most recently, the Turkish company took over U.K.-based snacks maker United Biscuits in a deal which made headlines across Turkey.
Fiba Holding boss, Husnu Ozyegin, came in second with a US$2.7 billion fortune. Semahat Arsel from Koc Holding – the richest woman on the list – was third with US$2.6 billion.
"We calculated a person's fortune through his/her shares in companies. Also, we added cash money, real estate and artwork they have into a person's wealth," Burcak Guven, Forbes' Turkey editor-in-chief said.
Some of Turkey's richest people lost their spot when compared to 2014's rich list. Sarik Tara, the founder of Turkey's largest construction company ENKA, slipped to sixth in the list in 2015 although he was the second richest person in 2014. Forbes said the reason is that Tara's company has lost value on Istanbul's stock market.
Many Turkish people in the list have investments in the real estate and energy sectors.
There are 24 women in the richest person list.
The figures reveal an increase in total wealth of the 100 richest people in Turkey from US$92.8 billion in 2014 to US$100.4 billion in 2015.
Names of the first 25 in the 'richest 100 Turks' by Forbes are as follows:
Rank
Name
Company
Wealth in 2015 (US$-million)
Wealth in 2014 (US$-million)
1
Murat Ulker
Yildiz Holding
4,400
3,700
2
Husnu Ozyegin
Fiba Holding
2,700
3,000
3
Semahat Arsel
Koc Holding
2,600
2,200
4
Ferit Sahenk
Dogus Holding
2,500
2,100
4
Rahmi Koc
Koc Holding
2,500
2,100
6
Sarik Tara
Enka Construction
2,400
3,300
7
Erman Ilicak
Ronesans Holding
2,200
2,800
7
Filiz Sahenk
Dogus Holding
2,200
1,800
7
Suna Kirac
Koc Holding
2,200
1,850
10
Ali Agaoglu
Agaoglu Construction
1,750
1,550
11
Ahsen Ozokur
Yildiz Holding
1,700
1,550
12
Bulent Eczacibasi
Eczacibasi Holding
1,450
1,500
13
Ahmet Calik
Calik Holding
1,400
1,100
13
Ahmet Nazif Zorlu
Zorlu Holding
1,400
1,200
13
Faruk Eczacibasi
Eczacibasi Holding
1,400
1,500
16
Hamdi Ulukaya
Chobani Yoghurt
1,350
1,400
16
Mustafa Latif Topbas
Bim
1,350
1,300
18
Mehmet Ali Aydinlar
Acibadem
1,300
800
18
Mubariz Gurbanoglu
Palmali Marine
1,300
1,300
20
Deniz Sahenk
Dogus Holding
1,250
1,050
20
Turgay Ciner
Park Holding
1,250
950
22
Mehmet Nazif Gunal
MNG Holding
1,200
1,500
22
Mehmet Rustu Başaran
Habas
1,200
950
22
Sinan Tara
Enka Construction
1,200
1,600
25
Mehmet Emin Karamehmet
Cukurova Holding
1,150
1,500
26
Suat Gunsel
Near East University
1,100
1,200
27
Mustafa Koc
Koc Holding
1,050
900
28
Sevket Sabanci
Esas Holding
1,050
975
29
Aydın Dogan
Dogan Holding
1,000
1,100
29
Fatma Tuba Yazici
Diler Holding
1,000
630
29
Murat Vargi
MV Holding
1,000
1,000
29
Serra Sabanci
Sabanci Holding
1,000
950
29
Suzan Sabanci Dincer
Sabanci Holding
1,000
950
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