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.
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