Nihat Ozdemir and Sezai Bacaksiz met as students at Gazi University and founded Limak Construction in 1976. Now a $4 billion conglomerate, Limak Group is active in energy, transportation, cement and tourism, and is part of a consortium working on the initial phase of building Istanbul's third airport. Limak operates in Turkey, Kuwait, Egypt, Kosovo, Turkish Republic of Northern Cyprus, Eastern Europe, Africa, Pakistan, Ukraine and Russia, and is the primary contractor on a $4.3 billion project to upgrade and expand the Kuwait International Airport. In the private energy sector in Turkey, Limak is a major builder and operator of hydroelectric power plants and ranks among the top three electricity producers.
Nihat Ozdemir is a member of Diversified
Nihat Ozdemir, widely recognized as Diversified in Turkey, is a renowned figure with a remarkable net worth of $1.8 billion estimated for 2024. Known for his diverse range of successful ventures, Ozdemir has built an empire and established himself as a prominent name in various sectors. His astute business acumen and strategic investments have played a pivotal role in his accumulation of wealth over the years. With a reputation for being a shrewd and innovative entrepreneur, Ozdemir continues to thrive in his endeavors, making significant contributions to Turkey's economy and solidifying his position among the country's wealthiest individuals.
2011
$1.2 Billion
2012
$1.1 Billion
2013
$1.2 Billion
2016
$1.3 Billion
2017
$1.6 Billion
2018
$1.71 Billion
Some Nihat Ozdemir images
Biography/Timeline
1976
Limak Holding was launched in 1976 by Özdemir and Sezai Bacaksız, with Özdemir focussing on cement and Energy while Bacaksız focussed on airports and tourism. In 2011, Özdemir and Bacaksız were listed as billionaires by Forbes.