Sarik Tara’s profile picture

Sarik Tara

Sarik Tara’s profile picture
Net worth 2018: $2.4 Billion
Residence: Istanbul, Turkey
Country: Turkey
Children: 3
Education: Bachelor of Arts / Science, Istanbul Technical Unive
BIOGRAPHY

Sarik Tara was born in Istanbul, Turkey, Turkey. Sarik Tara is #968 in List Billionaires People In The World. Sarik Tara came to Turkey from Macedonia when he was 12 years old and later founded ENKA Construction, now Turkey's largest construction company. ENKA, which trades on the Istanbul Stock Exchange, also operates in the fields of engineering, energy, real estate and trade. Over half of its approximately $4.6 billion in revenue come from energy production. With three natural gas conversion plants that produce approximately 30 billion kilowatt-hours annually, it is Turkey's leading private electricity producer. ENKA Construction has contracts for big infrastructure projects and builds U.S. embassy buildings in various countries, as well as office buildings and shopping malls. Tara's extensive investments in Moscow commercial real estate have been negatively affected by a lax Russian economy. His son, Mehmet Sinan Tara, now runs the conglomerate and is also a billionaire.

NET WORTH STATISTIC
2009

$1.6 Billion

2010

$2.6 Billion

2011

$2.7 Billion

2012

$2.3 Billion

2013

$2.8 Billion

2014

$3.3 Billion

2015

$2.4 Billion

2016

$2 Billion

2017

$2.4 Billion

2018

$2.4 Billion

TIMELINE
Şarık Tara (born January 13,1930 in Skopje, Kingdom of Yugoslavia) is a Turkish billionaire who founded Enka İnşaat ve Sanayi A.Ş., with Sadi Gülçelik, in 1957. He was born in what is now the Republic of Macedonia but emigrated to Turkey in 1942. His father Fevzija Hadžihamzić, an ethnic Bosniak, was from Priboj in the Sandžak region of Serbia. Upon arrival to Turkey his father changed their surname to Tara, in reference to river Tara which flows mainly through Bosnia and Herzegovina and Montenegro.Sarik Tara is the founder of Turkey's largest construction company ENKA, now run by his son, Sinan, also a billionaire. The company made a big play in Russia as both a contractor and real estate investor; it owns offices, a hotel, and shopping malls in Moscow as well as 63 additional supermarkets, hypermarkets and shopping malls across Russia. Enka is also known for constructing U.S. embassy buildings like those in the Dominican Republic, Equatorial Guinea, The Netherlands, India, Paraguay, Russia, Sri Lanka, Djibouti, Nepal, Bosnia-Herzegovina and Afghanistan. The conglomerate is one Turkey's largest electricity producers, and is expanding in the energy sector. Sarik Tara has a net worth of 5.2 Billion US dollars.
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