Erdemoglu is in Top 10 Riches List in Turkey

06 4 2021

​The list of the richest people in the world and Turkey has been announced. In the list of 2674 people in the world, İbrahim Erdemoğlu was 1580th and Ali Erdemoğlu was 1750th. In the Turkey ranking, İbrahim Erdemoğlu ranked 7th with a net worth of 2 billion dollars, while Ali Erdemoğlu ranked 9th with a net worth of 1.8 billion dollars.

  • Ali Erdemoglu and his brother, Ibrahim, together own over 75% of a top producer of materials used in carpet, SASA Polyester.
  • They initially acquired 51% of SASA in 2015 for $102 million, then added to their stake in the publicly traded company and watched it soar in value.
  • The brothers' Erdemoglu Holding also includes the two privately held companies, Merinos Carpet and Dinarsu Carpet.
  • In 1970, their father, Mehmet Erdemoglu, along with family members, started Merinos with two rug-weaving looms. 
  • Today, Erdemoglu Holding is one of the world's largest carpet manufacturers, with production facilities in eight locations in Turkey and Russia.


       Source: Forbes

       Date: April 6, 2021