With the release of the Forbes Global Billionaires List in 2024, Turkey's economic growth and the accumulation of private wealth have drawn worldwide attention. This year, 27 Turkish businessmen made it to the list of billionaires, an increase of two from 2023, a change that significantly reflects the dynamism of Turkey's economy.
Topping the list from Turkey is Murat Ülker, owner of the food giant Ülker Company, with a wealth of $5.1 billion. Ülker is not only a business leader within Turkey but also has significant influence on the international stage.
Out of these 27 billionaires, 23 have chosen to settle in the historically rich Istanbul. This city is not only the economic heart of Turkey but also a major cultural and historical stronghold, drawing wealthy individuals and celebrities from around the world. Additionally, three billionaires reside in the Turkish capital, Ankara, while one has chosen to relocate to the United States in search of broader business opportunities.
Internet
Istanbul's ability to attract such wealth is not only due to its unique geographical location and rich historical background but also because of its highly developed business environment. The city hosts the headquarters of many large corporations, including the globally influential Sabancı Group. Founded by the late Sakıp Sabancı, the Sabancı Group is a diversified international conglomerate with operations in textiles, automotive, chemicals, tobacco, and financial services among others. Sabancı University, another important legacy of his, has been one of Turkey’s top universities since its inception.
In recent years, Turkey has become popular not only among local tycoons but also increasingly among international celebrities. From Hollywood stars to sports icons, many international figures choose to buy property in Turkey. For instance, global superstar Jennifer Lopez and football legend Cristiano Ronaldo both own luxurious properties in Istanbul. Moreover, prominent Qatari businessman Abdulla Hadi Hajiiri and Hollywood couple Angelina Jolie and Brad Pitt have also invested in Turkey’s real estate market.
The Turkish real estate market’s appeal to high-end buyers is partly due to its luxurious lifestyle and high-quality services. Istanbul’s upscale residential areas offer an unmatched living experience, from high-end shopping centers to gourmet restaurants, and world-class arts and entertainment facilities. The city’s international allure and business vibrancy make it a favored destination for the world’s rich and famous.
