Rahmi Mustafa Koç (born in 1930 in Ankara), is a Turkish businessman and philanthropist. In 2016, Forbes ranked him #906 richest person in the world with a net worth of $2.6 billion. In 2013, he is the Turkish person who paid the most income taxes in his country, totalling 37.5 million liras.
Biography
Early life
Rahmi Koç was the only son of one of Turkey’s wealthiest man Vehbi Koç. He attended high school at Robert College in Istanbul after his primary education in Ankara. Rahmi Koç then studied at the Johns Hopkins University in the U.S. and received his B.A. in industrial management.
Career
Following his military service, he started actively working for the Koç Group in 1958, joining the Otokoç Company in Ankara. In 1960, he transferred to Koç Ticaret, which represented the Koç Group in Ankara. Following the relocation of the Koç Holding headquarters from Ankara to Istanbul in 1964, which was established a year earlier, he became general coordinator of Koç Holding A.Ş. and moved to Istanbul.
Thereafter in 1970, he became chairman of the executive committee and in 1975 deputy chairman of the board of management. Rahmi Koç was appointed chairman of the Koç Holding management committee in 1980. His father Vehbi Koç transferred his chairmanship to his son on March 30, 1984. Rahmi Koç retired from this duty on April 4, 2003, transferring his chair to his eldest son Mustafa Koç. Rahmi Koç is currently Honorary Chairman of the Koç Holding.
A visit to Henry Ford Museum in Michigan inspired him to create the Rahmi M Koç Museum in Istanbul, which is dedicated to the history of transport, industry and communications exhibiting trains, submarines and autos.
In 2013, he bought the Merrill-Stevens Drydock & Repair Co., Florida’s oldest boatyard, and renamed it RMK Merrill-Stevens. He is the owner of a 171-foot yacht, the Nazenin V.
Mustafa Rahmi Koc net worth: Mustafa Rahmi Koc is a Turkish businessman who has a net worth of $2.5 billion. Mustafa Rahmi Koc serves as the honorary president of the family company, Koc Holding. However, he is slowly narrowing his duties, as he handed over the position of Chairman of the Board at Ford Otosan to his younger son Yildirim Ali Koc last year. Among the interests which remain in Mustafa’s possession are those in the Rahmi Koc Museum, Turkey’s first museum dedicated to the history of transportation, industry and communication, which exhibits thousands of objects from gramophone needles to real size ships and planes. Apart from doing extremely well in businesses, he is also known for his love of the sea and luxury yachts. Being the father of three, all of his children Mustafa, Omer and Ali Koc are billionaires, as well as Mustafa Rahmi Koc’s sisters Semahat Arsel and Suna Kýrac.
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