Sezai Bacaksiz – Billionaire

Sezai Bacaksiz and his billionaire partner, Nihat Ozdemir, met as students Gazi University and founded Limak Construction in 1976. Now a $4 billion (revenue) conglomerate focused on large infrastructure projects, Limak Group is active in energy, transportation, cement and tourism. It is currently part of a consortium working on an initial, $6-billion-plus phase of building Istanbul’s third airport, due to open in 2018. Besides Turkey, Limak operates in Kuwait, Egypt, Kosovo, Turkish Republic of Northern Cyprus, Eastern Europe, Africa, Pakistan, Ukraine and Russia. It is the primary contractor on a $4.3 billion project to upgrade and expand the Kuwait International Airport. In the private energy sector in Turkey, Limak, a major builder and operator of hydroelectric power plants, ranks among the top three electricity producers.

Bacaksiz Sezai Net Worth: Bacaksiz Sezai is a Turkish businessman who has a net worth of $1.2 billion. Bacaksiz Sezai rose to riches as co-owner and current vice-chairman of Limak Holding, which has businesses in the construction, energy tourism and cement sectors. A graduate of mechanical engineering, Mr. Sezai owns half of Limak, whereas the other half is in the hands of Nihat Ozdemir, a fellow billionaire. Bacaksiz is in charge of the airport and tourism business lines while Ozdemir holds the control of the cement and energy sectors. Some of its major assets include the Limak Cement and Limak Energy Companies, as well as the Limak Tourism Group. It was Limak Constuction that won the bid for the renovation of the Cairo Airport in 2011, a project estimated at $387 million. Just one year later, Iskenderun Port was taken over by the company. Next, Limak won the tender for the Kosova Electricity Company’s electricity distribution and procurement business with fellow billionaire, Ahmet Calik. They also acquired BEDAS for $2 billion along with Cengiz and Kolin Construction. BEDAS now has over 10 million subscribers, and the trio of Limak, Cengiz, Kolin covers 30% of all electricity subscribers in Turkey.

Source:

1. forbes

2. celebritynetworth