What is Turgay Ciner's Net Worth?
Turgay Ciner is a prominent Turkish businessman, renowned for his diverse and expansive empire, which has earned him a net worth of $300 million. Born on March 1, 1956, in Artvin's Hopa, Ciner began his career as a real estate agent before venturing into various other industries.
Business Ventures and Achievements
Ciner is the owner of the Ciner Media Group, a conglomerate managing a wide range of mass media platforms, including the Internet, movies, publishing, radio, and television. His portfolio extends beyond media to include significant holdings in hotels, aluminum, copper, soda ash mines, and electric power plants. Remarkably, his company controls the world's largest soda ash reserve.
Showing a keen interest in sports, particularly football, Ciner owns Kasımpaşa Spor Kulübü, one of Turkey's oldest football clubs, founded in 1921.
Early Career
During his school and college days, Ciner developed an interest in auto spare parts marketing. He launched his first business venture in 1984 by exporting Mercedes cars to Germany. Despite the challenges posed by the Gulf crisis in 1991, which affected the Central Asian market, Ciner seized opportunities in the Russian textile industry, establishing mills in Uzbekistan.
Key Business Moves
The 1990s saw several significant business moves by Ciner. In 1995, he acquired 60% of the national Airport ground services, eventually taking full control in 1998. By March 1999, his company had secured a deal to supply underwear to the Turkish armed forces. In 2009, Ciner Media Group further solidified its position in mass media, managing assets such as Newspaper Haberturk, Ciner media Investments, Ciner newspaper, and C Filmmaking.
