Thursday, 5 March 2015

Turkey’s wealthiest individuals invest in property, not technology

Real estate dominates the investments of Turkey's wealthiest individuals, a latest list of the richest turks shows.

This contrasts with a finding in the global version of the same list which showed that most of the global rich generate their wealth from investments in technology.

Forbes Turkey released its list of the 100 richest Turks on Tuesday, one day after the international edition of the magazine published its World's Billionaires list. Bill Gates, the co-founder of Microsoft, was ranked the world's richest person for the second consecutive year with a net wealth of $79.2 billion. While 85 of the top 100 richest people in Turkey hold key investments in real estate, 83 also operate in the energy sector. Fifty-four individuals invest in tourism and 46 in finance; however, only 15 members of the list invest in fields related to technology.