Rank #1558
Selçuk Bayraktar
Net worth $2.7B
Military drones · Turkey
- Born
- Oct 07, 1979
- Age
- 46
- Source
- Military drones
- Residence
- Istanbul
- Citizenship
- Turkey
- Marital status
- Married
- Children
- 2
- Education
Net worth over time
Biography
- Selçuk Bayraktar owns 52.5% of Turkish unmanned military drone manufacturer Baykar. He chairs the board and serves as chief technological officer.
- He co-owns the firm with his brother Haluk; the company was founded by their father Özdemir in 1984 to make parts for the Turkish auto industry.
- Baykar recorded sales of $1.9 billion in 2023 and its exports rose to $1.8 billion in 2024, thanks to contracts with militaries in Europe, Africa and the Middle East.
- Baykar's most famous export, the Bayraktar drone, has been used so successfully by Ukrainian troops that it inspired a popular folk song.
- He is the son-in-law of Turkish president Recep Tayyip Erdogan, having married his daughter Sümeyye in 2016.