Mustafa Latif Topbas
$1.1B
Born
Mar 20, 1944
Age
81
Source of Wealth
food, retail
Residence
Istanbul,
Citizenship
Turkey
Marital Status
Married
Children
4
Education
- Mustafa Latif Topbas is CEO and cofounder of BIM, Turkey's largest chain of discount stores. He owns almost 15% of its shares.
- After BIM went public in 2005, Topbas owned around 26%.
- By the end of third quarter of 2024, BIM had more than 12,000 stores across Turkey, Morocco and Egypt.
- The company, with annual revenues exceeding $5 billion, offers a popular mobile telecom service under the brand name Bimcell.
- Topbas, who doesn't give interviews, has a longstanding friendship with Turkey's president, Recep Tayyip Erdogan, and his family.
- His daughter Fatma is married to Ali Ulker, nephew of food billionaire Murat Ulker. (The families also have business ties through their companies.)
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