Hamdi Ulukaya Net Worth $1.1 Billion
A fresh billionaire in the Forbes list, he is rated 1268th and also the 36th richest individual in Turkey. Hamdi Ulukaya was born in 1972 into a Kurdish family who operated a dairy farm in Erzincan, Turkey. President took up political science in the University of Ankara subsequently moved to the United States in 1994 and enrolled in the University of Albany in 1997. Ever since then, annual revenues of Chobani have grown to almost $1 billion. As of December 2012, Hamdi opened a brand new yogurt plant for $450 in Twin Falls, Idaho. President additionally purchased a dairy farm in Australia in the same year. President was named a member of The Business Review’s class of 2009 “40 Under 40.”
In 2001, Ulukaya started Euphrates, a feta cheese company, in upstate New York when he followed his father’s advice. While working with Euphrates, he saw a for-sale advertisement to get a Kraft Foods yogurt plant in a nearby town. Then he established the brand new business, Chobani (once Agro Farma), and the initial order of the marketed “Greek Yogurt” was sent in October 2007.
In August 2012, he faced a lawsuit filed by his ex wife, Dr. Alyse Giray. She maintained that she gave him cash to start and enlarge his first business in exchange of a 53% stake. According to her, his ex-wife used some of the funds to purchase the yogurt factory which became Agro Farma, and later Chobani. President said the litigation does not have any value.