Turkish businessmanMehmet Rustu Basaran has an estimated net worth of $1.3 billion as of March 2013 according to Forbes. Most of Basaran’s net worth is derived from Habas Company which he inherited from his father. Haba Industrial and Medical Gases Production Industries Inc. was founded in 1956 byMr. Hamdi Baaran. It was initially known asHamdi Baaran Topkap Oxygen Plant. The organization changed its name in 1964. It specializes in creating nitrogen, argon and oxygen gases. The company is also involved with sea port operations as well assea transfer services for LPG. Habas is considered among Turkey’s outstanding businesses that specialize inprovidingcarbon steel and stainless steel heavy manufacturing services.