Portrait of Feridun Gecgel

Rank #994

Feridun Gecgel

Net worth $4.3B

Utility Equipment · Turkey

Born
Jun 01, 1970
Age
55
Source
Utility Equipment
Residence
Ankara
Citizenship
Turkey
Marital status
Children
0
Education

Net worth over time

Biography

  • Feridun Gecgel chairs Astor Enerji, Turkey's largest manufacturer of transformers and switching products.
  • He owns nearly 80% of the company, which went public in Istanbul in 2023.
  • Gecgel started his first business in furniture production. In 2005, he entered the transformer industry by purchasing Astor, which he bought for $3 million 20 years ago.
  • He was born in Şanlıurfa in 1970 and after graduating high school, became an entrepreneur, starting at Özgüney Elektrik, where he established his own company, specializing in the sale of electrical and electronic materials.

Financial assets

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