BillionaireNet
Tara
M
Rank #1329
TURKEYConstruction & EngineeringConstruction

Mehmet Sinan & Family Tara

Net Worth
$3.009B
-2.11% (24h)
Mehmet Sinan Tara, a prominent figure in the construction industry, currently holds the position of Chairman at ENKA İnşaat ve Sanayi A.Ş., one of Turkey's largest construction and energy companies. Born in Istanbul in 1958, he is 67 years old and holds a Master of Business Administration from Stanford University. His wealth source is primarily construction, with his net worth estimated at $3.1 Billion. His career began in 1980 as a field engineer at ENKA Arabia, later becoming the General Manager, then Chairman. Under his leadership, the company has expanded its operations globally, undertaking numerous projects across various countries. As of 2024, he ranked 1295th globally among billionaires and 4th in Turkey.

The Full Dossier

Early Life and Education

Mehmet Sinan Tara was born in Istanbul in 1958. He attended the German High School in Istanbul and pursued civil engineering in Switzerland, graduating in 1980. He furthered his education by earning an MBA from Stanford University in the United States.

Rise to Success

Sinan Tara's career began in 1980 when he joined ENKA İnşaat ve Sanayi A.Ş., a company co-founded by his father, Şarık Tara. He started as a field engineer at the ENKA Arabia site. Over the years, he held various positions within the company, including General Manager. In 1994, he took over as the Chairman of the Board, a position he continues to hold. Under his leadership, ENKA has grown to become one of Turkey's largest construction and energy companies.

Key Business Strategies

ENKA operates in several sectors, including construction, energy production, real estate investment, and trade. The company has executed numerous projects across 58 countries, with a total contract value exceeding $65 billion. ENKA has focused on international expansion, particularly in Russia, where it has completed over 30 projects. In recent years, ENKA has been expanding its presence in Europe, particularly in Germany, the United Kingdom, Serbia, and North Macedonia. ENKA also owns significant real estate, including hotels, shopping malls, and office spaces.

Philanthropy

Sinan Tara is actively involved in social activities and responsibility projects. He has been actively involved in the Enka Foundation, established in 1983, and other initiatives, including the Enka Sports Club and Enka Schools. He also serves as a member of the High Advisory Council of TÜSİAD and a member of the Turkish Contractors Association.

Career Timeline

2012

Agah Mehmet Tara became CEO

Son, Agah Mehmet Tara, became CEO.

1994

Chairman of the Board of ENKA

Assumed the role of Chairman, leading the company's expansion.

1984

General Manager of ENKA

Took over management of ENKA.

1980

Joined ENKA

Began as a field engineer at ENKA Arabia.

Philanthropic Impact

EducationUndisclosed

Enka Foundation

Active involvement in the Enka Foundation, Enka Sports Club and Enka Schools.

Wealth Trajectory