world's billionaires Mehmet Karamehmet

The World's Billionaires
#390 Mehmet Karamehmet
Age: 62

Fortune: self made

Source: finance, telecom

Net Worth: $2.4 bil

Country Of Citizenship: Turkey

Residence: Istanbul , Turkey, Middle East & Africa

Industry: communications

Marital Status: married, 1 child

Education: Dover College, Bachelor of Arts / Science

Chairman of Turkcell mobile phone company. Fell off the billionaires list in 2003 due to enormous debt load at 2 of his banks, Pamukbank and Yapi Kredi. He returned to the list in 2006 after paying off more than $3 billion of the debt. In November 2006 sold his Yapi Kredi Bank to Koc Group. His Genel Energy recently found an oil reserve in Northern Iraq.