Rank #2953
Mustafa Latif Topbas
Net worth $1.3B
food, retail · Turkey
- Born
- Mar 20, 1944
- Age
- 82
- Source
- food, retail
- Residence
- Istanbul
- Citizenship
- Turkey
- Marital status
- Married
- Children
- 4
- Education
Net worth over time
Biography
- Mustafa Latif Topbas is CEO and cofounder of BIM, Turkey's largest chain of discount stores. He owns about 15% of its shares.
- After BIM went public in 2005, Topbas owned around 26%.
- Founded in 1995, BIM has more than 12,000 locations 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.)
Financial assets
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