DeepSeek turned the markets upside down, and Turkey's richest names have changed.

DeepSeek turned the markets upside down, and Turkey's richest names have changed.

28.01.2025 18:32

The latest artificial intelligence model launched by China-based DeepSeek has caused a stir in the markets. While shares of globally renowned brands have declined, Turkish companies have also experienced a drop in their stock prices, leading to changes in the list of Turkey's wealthiest individuals.

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Following the release of the latest artificial intelligence model developed by DeepSeek, based in the People's Republic of China, with fewer chips and in a shorter time compared to its international competitors, there have been historic declines in the stock values of global technology companies.



DeepSeek disrupted the markets, changing Turkey's wealthiest names


OVER 500 BILLION DOLLARS LOSS IN ONE NIGHT



Following the development, US-based chip manufacturer Nvidia recorded a loss of over 500 billion dollars in a single night, marking a first.



RANKING OF TURKISH BILLIONAIRES CHANGED



Meanwhile, the turmoil in the markets led to significant changes in the stock values of Turkish companies as well. İpek Kıraç, who solidified her title as 'Turkey's richest woman' with a wealth value of 3.1 billion dollars, saw her assets decline to 2.8 billion dollars. When the losses of Mustafa Rahmi Koç and Semahat Sevim Arsel are totaled, the Koç family's weekly loss reached up to 5.4 billion lira.



DeepSeek disrupted the markets, changing Turkey's wealthiest names


BECAME THE BIGGEST LOSER



Among the names on the list, the biggest loser was Mehmet Sinan Tara, with a loss of approximately 3 billion lira.



DeepSeek disrupted the markets, changing Turkey's wealthiest names


According to updated data from Forbes magazine, Turkey's wealthiest individuals are as follows:





  • Murat Ülker: 5.1 billion dollars


  • Şaban Cemil Kazancı: 3.1 billion dollars


  • İpek Kıraç: 2.8 billion dollars


  • Semahat Sevim Arsel: 2.7 billion dollars


  • Erman Ilıcak: 2.6 billion dollars


  • Mustafa Rahmi Koç: 2.4 billion dollars


  • Hamdi Ulukaya: 2.3 billion dollars


  • Mehmet Sinan Tara: 2.2 billion dollars


  • Ferit Faik Şahenk: 2.1 billion dollars


  • İbrahim Erdemoğlu: 2 billion dollars




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