Ferit Şahenk

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Ferit Faik Şahenk
Ferit F. Sahenk -World Economic Forum Annual Meeting Davos 2010.jpg
Born 1964 (age 52–53)
Niğde, Turkey
Residence Istanbul, Turkey
Nationality Turkish
Alma mater Boston College
Occupation Chairman of Doğuş Holding
Net worth Increase US$2.4 billion
Spouse(s) Diana Şahenk (1989–present)
Children Defne Şahenk
Parent(s) Ayhan Şahenk
Deniz Şahenk
Relatives Filiz Şahenk (sister)

Ferit Şahenk (Turkish pronunciation: [feˈɾit ʃaˈhenk], born 1964) is a Chairman of Turkey's Doğuş Holding conglomerate and richest person in Turkey.[1][2] On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion.[3]

Background[edit]

Şahenk graduated from The American School in Switzerland (TASIS) and earned his Bachelors from Boston College, Boston, Massachusetts, U.S. with a degree in Marketing and Human Resources in 1989. After graduation, Şahenk returned to Istanbul, where his father, Ayhan Şahenk (1929–2001), sent him to apprentice at Doğuş' Garanti Bank. After eight years he moved to the holding company, and beginning in 1998, he has acquired two food retail chains and operated NTV by funding the expansion by selling part of the group's Garanti Bank to the public. Understanding that top talent is essential to running a diverse group, he also created a recruitment division, Humanitas. Revenues for 1999 at privately held Doğuş Group hit $5.7 billion. In May 2000, he instituted centralized back-office operations for Doğuş' multiple banks and is doing the same for its auto dealerships. To its banking business, Şahenk added leasing, insurance and cashback reward schemes like those of Discover Card in the United States – financial services still uncommon in Turkey at the time.[4][5]

The new head of Doğuş Holdings[edit]

He attended the Owner/President Management Program at Harvard University, Cambridge, Massachusetts, U.S. At the age of 37, Şahenk took over his father's Doğuş (pronounced DOUGH-oosh, literally "birth" in Turkish) Holding after Ayhan Şahenk died of a heart attack in April 2001.

The net worth of the Şahenk conglomerate is around US$ 2.5 billion, with a turnover for 2005 of US$6 billion, employing about 18,000 people. He relinquished some control of the Garanti Bank, selling a quarter of the country's third largest bank to General Electric for $1.6 billion in 2004, which was regarded as an important step towards greater liberalization in the Turkish banking sector, which had been severely affected by the 2001 economic crisis.

This NTV broadcast van has been covered with graffiti, during 2013 protests in Turkey.

He also runs Turkish media properties capturing more than 10 percent of country's advertising market. The flattering of the government and Turkish PM with his acquired media tools has been widely criticized and protested by Turkish citizens. Bankrolled Gallipoli, a movie about the seminal Turkish military battle against the Allied offensive. On January 28, 2006 Şahenk threw a reception during the World Economic Forum meeting in Davos, Switzerland.[6]

In May 2006, Şahenk was elected Chairman of the Executive Board of the Turkish-U.S. Business Council, a Turkish business group that promotes trade and business relationships between the two countries.[7] He is married to an American woman Diana and they have a daughter named Defne. Also his cousin Melis Şahenk is a famous designer who won various competitions in Madrid and studying in Universidad Complutense de Madrid. He has relatives living in Crimea (Ukraine) and Uzbekistan. Ferit is a Fenerbahçe fan and been board member under Aziz Yıldırım president between 2000-02[8] and also sponsored Moussa Sow transfer for the club.[9]

Notes[edit]

  1. ^ Top 10 riches of Turkey
  2. ^ http://www.forbes.com/billionaires/#page:1_sort:0_direction:asc_search:_filter:All%20industries_filter:Turkey_filter:All%20states
  3. ^ "The World's Billionaires (2016 ranking): #722 Ferit Faik Sahenk". Forbes. 1 March 2016. Retrieved 2017-01-02. 
  4. ^ "Internet & Telefon". www.bonus-bunny.de. Retrieved 13 July 2016. 
  5. ^ Juliette Rossant, Born Again Turk, Forbes July 3, 2000
  6. ^ Newspot, WEF Meetins in Davos, January 2006
  7. ^ [ Turkish-US Business Council website]
  8. ^ [ Ferit Şahenk wants?]
  9. ^ [ Thanks for all]

External links[edit]