BillionaireNet
Ilicak
Erman Ilicak
Rank #1420
TURKEYConstruction & EngineeringConstruction

Erman Ilicak

Net Worth
$2.833B
-0.54% (24h)
Erman Ilicak is a Turkish businessman and investor, the founder, and President Emeritus of Rönesans Holding, a major international construction and investment group. Born in 1967, Ilicak has built a global empire in construction, real estate, energy, and healthcare, establishing a significant presence in over 30 countries. With a net worth of $2.9 billion as of December 2024, Ilicak's career began in the construction industry, leading to his founding of Rönesans Holding in 1993. His achievements include building major infrastructure projects worldwide and receiving the Order of the Rising Sun, Gold Rays with Neck Ribbon, from the Emperor of Japan in 2022 for strengthening ties between Turkey and Japan. He actively participates in philanthropy through the Rönesans Education Foundation.

The Full Dossier

Early Life

Erman Ilicak was born on October 3, 1967, in Darende, Malatya, Turkey. He completed his primary and secondary education at TED Ankara College, graduating in 1985. He pursued his higher education at the Middle East Technical University (METU), earning a degree in Civil Engineering in 1990. Ilicak furthered his education with an MBA from Vienna University of Economics and Business in conjunction with the University of Minnesota in 2002, and a Ph.D. in Business Administration from the International Business School in Paris in 2011.

Rise to Success

Ilicak's career took off in 1993 when he founded Rönesans Holding in St. Petersburg, Russia. Initially, the company focused on small renovation projects. Over time, Rönesans Holding grew into a global conglomerate operating in construction, real estate, healthcare, energy, and petrochemicals. Under his leadership, Rönesans Holding has expanded to 30 countries, employing over 30,000 people. The company is recognized as one of the largest international contracting companies globally, ranking 50th worldwide in 2025.

Key Business Strategies

Ilicak's business strategy has been centered on combining international financing with construction expertise. He has strategically partnered with leading global organizations, including the International Finance Corporation (IFC), the Government of Singapore Investment Corporation (GIC), and others. Rönesans Holding has undertaken numerous large-scale projects, including the Lakhta Center in St. Petersburg, the tallest building in Europe, and various city hospitals in Turkey.

Philanthropy

Erman Ilicak is actively involved in philanthropy through the Rönesans Education Foundation (REV), established in 2009. The foundation provides scholarships to deserving students. In 2022, in recognition of his contributions to strengthen cooperation between Türkiye and Japan, he was awarded the Order of the Rising Sun, Gold Rays with Neck Ribbon, from Emperor Naruhito.

Career Timeline

2022

Awarded Order of the Rising Sun

Received Japan's highest state honor, the 'Order of the Rising Sun, Gold Rays with Neck Ribbon,' from Emperor Naruhito.

2011

Earned PhD

Obtained a PhD in Business Administration from the International Business School in Paris.

2002

Earned MBA

Received an MBA from the Vienna University of Economics and Business in conjunction with the University of Minnesota.

1993

Founded Rönesans Holding

Established Rönesans Holding in St. Petersburg, Russia, which became a major international construction and investment group.

1990

Graduated from METU

Received a degree in Civil Engineering from the Middle East Technical University (METU).

Philanthropic Impact

EducationUndisclosed

Rönesans Education Foundation (REV)

Provides scholarships to students.

Wealth Trajectory