Rank #3378
Murat Vargi
Net worth $1.0B
Telecom · Turkey
- Born
- Nov 14, 1947
- Age
- 78
- Source
- Telecom
- Residence
- Istanbul
- Citizenship
- Turkey
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- Murat Vargi is the co-founder of Turkey's largest provider of mobile service, Turkcell, who has diversified into real estate and hotels, startups and renewable energy.
- Although having divested most all of his Turkcell stake, he has 80% of KVK, a mobile phone distributor supplying a retail network with 1,000+ outlets.
- Dost Energy, of which Vargi's owns 51%, has found success by focusing exclusively on producing power from wind.
- Vargi is an active venture investor. In 2015, Gedik Yatırım and Vargi's MV Holding opened a startup hub in Istanbul, StartersHub.
- Among his venture investments is a 20% stake in PayCore, focused on payment systems services and solutions, plus fraud detection and prevention.
- Vargi started his career working as an export representative with Koc Holdings, founded by one of Turkey's leading business families.
- Turkcell and KVK are among Turkey's most recognized brands.
Financial assets
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