Portrait of Erman Ilicak

Rank #1142

Erman Ilicak

Net worth $3.8B

Construction · Turkey

Born
Oct 03, 1967
Age
58
Source
Construction
Residence
Ankara
Citizenship
Turkey
Marital status
Married
Children
3
Education

Net worth over time

Biography

  • Erman Ilicak's Ronesans Holding, founded in 1993, operates as construction contractor and real estate developer in 28 countries.
  • In July 2016, he sold 5% of Ronesans to IFC, a World Bank institution, in a deal that valued the company at $4.3 billion.
  • Construction firm acquisitions include the Swiss Hergiswill and German Heitcamp in 2013, and the Netherlands' Ballast Nedam in 2015.
  • In a public-private partnership with the Turkish government, Ronesans has so far built healthcare complexes with a contract value of $3.4 billion.
  • Ronesans is partnering with the Port of Rotterdam to develop the Ceyhan Mega Petrochemical Industrial Zone in the south of Turkey.
  • A basketball player during his years at TED high school, Ilicak served as president of the TED Ankara Sports Club from 2014 to 2016.
  • Ilicak started Ronesans in St. Petersburg, Russia, where he worked as an engineer for billionaire Sinan Tara's construction firm, Enka Insaat ve Sanayi AS.

Financial assets

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