What is Mehmet Emin Karamehmet's Net Worth?
Mehmet Emin Karamehmet is a Turkish businessman who has a net worth of $1.8 billion. One of the richest people in Turkey, Mr. Karamehmet currently serves as the chairman of Cukorova Holding conglomerate, which holds interests in packaging, chemicals, finance, construction, defense, telecom and media. Born on April 1, 1944 in Tarsus, Mersin, Turkey, he graduated from Robert College and earned his Bachelor's degree in Economics from Dover College, Kent, UK, before embarking on his professional career.
Backed with solid knowledge, Karamehmet got back to his hometown in Tarsus to set up his first company with capital of 100.000 TL provided by his father who was the head of the local chamber of commerce at the time. He went on to set up another company, Cukurova Holding, which has turned into a conglomerate through the years. However, the most of Karamehmet's fortune is derived from his shares in Turkcell, Turkey's largest GSM mobile phone operator and the only Turkish company publicly traded on the NYSE.
