Turgay Ciner’s profile picture

Turgay Ciner

Turgay Ciner’s profile picture
Net worth 2018: $1.54 Billion
Industry: Diversified
Residence: Istanbul, Turkey
Country: Turkey
Children: 1
Education: Bachelor of Arts / Science, Istanbul Academy
BIOGRAPHY

Turgay Ciner was born in Istanbul, Turkey, Turkey. Turgay Ciner is #1544 in List Billionaires People In The World. Turgay Ciner, who started out in the auto parts business, presides over a conglomerate believed to be the world's largest producer of low-cost soda ash, a raw material used in the manufacturing of glass, detergents and other industrial products. His Ciner Holding also is active in media, energy and tourism. In 2015, Ciner (pronounced "jin-ner") acquired a controlling interest in a massive soda ash facility in Green River, Wyoming; the business trades publicly on the NYSE under the name Ciner Resources. Meanwhile, with financing from the Industrial and Commercial Bank of China (ICBC), Ciner is expanding its soda ash production in Turkey and making large investments in the energy sector. Its Silopi Electric, in Turkey's Southeastern Anatolia region, generates electricity from thermal power plants fueled by coal extracted from nearby Ciner mines.

NET WORTH STATISTIC
2010

$1 Billion

2011

$1 Billion

2012

$1 Billion

2013

$1.3 Billion

2015

$1.25 Billion

2016

$1.3 Billion

2017

$1.6 Billion

2018

$1.54 Billion

TIMELINE
Turgay Ciner (born 1956) is a Turkish businessman and billionaire. His interests include the Ciner Media Group, alongside "a diversified portfolio of companies including electric power plants, copper aluminum and soda ash mines, hotels". He also owns the Istanbul football club Kasımpaşa Spor Kulübü, which plays in the Recep Tayyip Erdoğan Stadium. Ciner controls the world's second largest trona (soda ash) reserve, via Eti Soda.
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