LeaderPortfolio
Ciner
Turgay Ciner
Rank #2646
TURKEYDiversifiedDiversified

Turgay Ciner

Net Worth
$1.494B
0% (24h)
Turgay Ciner is a prominent Turkish businessman and the driving force behind Ciner Group, a diversified conglomerate with a source of wealth rooted in energy, mining, soda ash production, glass manufacturing, and shipping. Born in 1956, Ciner's career began in the 1980s with the import of German cars. Through strategic acquisitions and investments, he transformed Ciner Group into a global player. His achievements include expanding the group's operations in mining, energy, and soda ash production, making Eti Soda and Kazan Soda leading natural soda ash producers. Ciner sold his media assets in 2024. As of 2024, his estimated net worth is $1.5 billion.

The Full Dossier

Early Life

Turgay Ciner was born in Hopa, Artvin Province, Turkey, in 1956. His entrepreneurial journey began early, with his first business venture in the 1980s involving importing German cars with his brother.

Rise to Success

Ciner's career progressed through the textile industry and turnkey installations before transitioning into acquiring and investing in the Ciner Group. He expanded into the textile industry in the 1990s. Key milestones include acquiring Park Tekstil and Mensucat Santral in 1997 and subsequently floating shares on the Istanbul Stock Exchange. Ciner bought 60% of Havaş, Turkey's main airport ground handling company in 1995.

Key Business Strategies

Ciner's business acumen led to the strategic expansion of Ciner Group into diverse sectors including energy and mining, soda ash production, container glass, and shipping. His acquisition of Genesis Alkali in the U.S. in 2025 further solidified Ciner's position as a key player in the global soda ash market. In December 2024, Ciner sold his media empire.

Philanthropy

Ciner Group actively supports education and training, with a goal of donating 50 schools to national education. The Ciner family is passionate about spreading prosperity in areas needing investment, as demonstrated by their support of local projects in South Wales.

Career Timeline

2024

Sold Media Assets

Sold the Ciner Media empire, including Habertürk, Show TV, and Bloomberg HT.

2013

Acquired Show TV

Acquired Show TV.

2009

Founded Habertürk

Founded Habertürk newspaper.

1978

Founded Ciner Group

Established Ciner Group, a Turkish conglomerate.

1997

Acquired and Renamed Textile Company

Acquired Penyeluks textiles company, renaming it Park Tekstil and Mensucat Santral.

1995

Acquired Havaş

Bought 60% of Havaş, Turkey's main airport ground handling and services company.

1990s

Diversified into Textiles

Expanded into the textile industry, performing turnkey installations of textile plants.

1980s

Imported German Cars

Began his first business venture importing German cars to Turkey with his brother.

Philanthropic Impact

EducationUndisclosed

Education Support

Ciner Group aims to donate 50 schools to National Education.

Wealth Trajectory