Ali Metin Kazanci Net Worth $1.3 Billion
He founded the firm in the 1960’s but he began trading at the end of the 1950’s. It has been a leader in the energy sector for at least 50 years with interests in generator production, natural gas distribution, and electricity power plant installation and operation. Kazanci’s estimated net worth of $1.3 billion makes him the 22nd richest man in Turkey and the 1107th on the planet. Then he founded the Kazanc Technical Tools — Spare Part A.S. in 1983 and in 1984, he founded the Aksa Machine Industry A.S. for generator production and selling activities. Aksa Services was founded in 1986 to augment the post-production selling activities. In 1994, Aksa Generator, and Aksa Selling and Promotion were founded. Aside from 1994’s investments in the energy sector, Kazanci Holding has also invested in agriculture and tourism which helped raise its contribution in the country’s market together with the taxes paid. In 2012, it sold its 13.3% in the electricity production company traded on the ISE, Aksa Energy, for $240 million to Goldman Sachs. In almost the exact same time, Ali Metin Kazanci has transferred one third of his shares in the firm to his youngest son Cemil Kazanci who subsequently became part of the billionaires list.