Turkish Mehmet Emin Karamehmet is the chairman of Cukorova Holding conglomerate. As of March 2013, he’s got an estimated net worth of $2.4 billion and listed #613 in the Forbes World’s Billionaires List. Born on April 1, 1944 in Tarsus, Mersin, Turkey, he’s one of the most influential and successful businessman in Turkey having an archive of several returns after failures. He graduated from Robert College and earned his Bachelor’s degree in Economics from Dover College, Kent, UK. After graduation, he returned to his hometown in Tarsus and established his first business. He began to get more involved in the family business in the next years.
Mehmet Emin Karamehmet Net Worth $2.4 Billion
Mehmet also began his own business, Cukurova Holding, a conglomerate with interests in packaging, substance, finance, building, defense, telecom, and media. Mehmet now owns a share in Turkcell, the largest GSM mobile phone operator as well as the sole Turkish company publicly traded on the NYSE. This constitutes the biggest share of his wealth. In January, the UK’s Privy Council ruled that Karamehmet’s business should keep its shares but should play Alfa the debt owed on the pledged shares. A fresh court will rule on the sum to be paid and also the conditions of payment. The amount is expected to be around $2 billion. His shares in Genel Energy, which makes oil in Northern Iraq, lifted his fotrtune.