Sefik Yilmaz Dizdar

Net Worth

$1.596B

0% (24h)

Sefik Yilmaz Dizdar, born in 1938, is a Turkish billionaire and a key figure in the fashion retail industry. His net worth is estimated at $1.6 billion as of 2024, ranking him among the wealthiest individuals in Turkey and globally. Dizdar's wealth stems primarily from his ownership stake in LC Waikiki, a prominent Turkish fashion retailer with a vast global presence. His career has been marked by significant contributions to the Turkish economy, particularly through his ventures in the textile and retail sectors, and his leadership in expanding LC Waikiki into international markets. Dizdar is known for his philanthropic efforts and continues to be a respected figure in both business and community circles.

The Full Dossier

Early Life

Sefik Yilmaz Dizdar was born in 1938 in Safranbolu, Turkey. He completed his education at the Izmir Academy of Economic and Commercial Sciences after attending Karabük High School. Following his military service, he began his professional career in the iron and steel industry, working at Karabük Demir Çelik Fabrikası.

Rise to Success

Dizdar transitioned from the iron and steel industry to the textile sector. In 1997, he partnered with Mustafa Kucuk to acquire LC Waikiki, a Turkish producer and retailer of clothing and homewares. Under Dizdar's leadership, LC Waikiki has grown from a local brand to a global player, with over 1,000 stores in 47 countries.

Key Business Strategies

LC Waikiki's success can be attributed to several strategic decisions. The company focused on providing quality products at affordable prices, expanding its presence in various markets, and promoting women into management positions. Furthermore, the company emphasized local production to minimize imports. LC Waikiki's motto, "Everyone deserves to dress well," reflects its commitment to accessible fashion.

Philanthropy

Dizdar is known for his philanthropic activities, including donations to the Safranbolu Social Assistance and Solidarity Foundation, for which he donated 100,000 TRY in 2024. He also serves as the Chairman of the Safranbolu Culture and Tourism Foundation.

Career Timeline

2009

International Expansion

LC Waikiki's first international store opened in Romania.

1997

Acquired LC Waikiki

Partnered to acquire LC Waikiki, a Turkish fashion retailer.

1979

Transition to Business

Left his position at the Iron and Steel Factory to start his own business.

1961

Began Career

Started working at Karabük Demir Çelik Fabrikası (Iron and Steel Factory).

Philanthropic Impact

Community Support$0.003

Safranbolu Social Assistance and Solidarity Foundation Donation

Donated 100,000 TRY (approx. $3,000) to the Safranbolu Social Assistance and Solidarity Foundation.