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#1396

Ferit Faik Sahenk

Source of wealth: Diversified

Net Worth

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Earnings per second

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The scale of their wealth

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Health

The price of life

Let's compare Ferit Faik Sahenk's fortune with the healthcare spending of a massive country

Ferit Faik Sahenk could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.4 years.

But even if we compare their fortune with that of a rich country

On the other end, Ferit Faik Sahenk could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.6 years.

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Education

Buying the future

Let's also compare their fortune with education spending, first with a poor country

Ferit Faik Sahenk could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 0.9 years.

And yes, we can also compare it with a rich country

But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Ferit Faik Sahenk could pay for it entirely for 1.2 years.

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Research

The monopoly on progress

Coming full circle, we think it's also interesting to add another gigantic country

Ferit Faik Sahenk could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 5.1 years.

And of course, the country that invests the most per capita worldwide

But even if we compare the total wealth of Ferit Faik Sahenk with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.1 years.

While billions of people struggle to access basic healthcare, education, and research, a single individual could fund entire national systems for centuries.

Gold

Everyday luxuries

Gold bar

Ferit Faik Sahenk's fortune is equivalent to 21 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.

Gold rings

A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.

Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.

Ferit Faik Sahenk could buy 5,556,109 gold rings. That's a lot of fingers and way too many gifts!!

And if you're struggling to visualize that many rings, it would take 1 trucks to transport them. Although Ferit Faik Sahenk will almost certainly have enough money left over to pay for the gas.

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Biography

Ferit Sahenk is CEO of Dogus Holding, which covers sectors ranging from tourism, real estate and media to financial services, construction and autos.

The family had controlled Garanti Bank, the cornerstone of its fortune, selling it last 10% to Spain's BBVA in 2017, bringing in $900 million.

Dogus has invested $1.7 billion in Istanbul's Galataport. The project includes a cruise terminal, hotel, retail and restaurants.

Lately, Dogus has been deleveraging. In 2020, it agreed to sell its 42% stake in high-end Istanbul shopping mail Istinye Park to Qatar Holding LLC.

Luxury hotel divestments include the Astir Palace and Athens Hilton in Greece, and the Capri Palace and Aldrovandi Villa Borghese in Italy.

Financial Assets

Exchange
ISTANBUL
Ticker
DGGYO.E-TR
Company
Dogus Gayrimenkul Yatirim Ortakligi A.S.
Exchange
ISTANBUL
Ticker
DGGYO.E-TR
Company
Dogus Gayrimenkul Yatirim Ortakligi A.S.
Exchange
ISTANBUL
Ticker
DOAS.E-TR
Company
Dogus Otomotiv
Exchange
ISTANBUL
Ticker
GARAN.E-TR
Company
Turkiye Garanti Bankasi A.S.

Monthly wealth history

Fortune comparison

Historical data not available for comparison

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