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Koç Family
Koç is a Turkish family of business people founded by Vehbi Koç, one of the wealthiest people in Turkey. His grandsons, the third generation of the Koç family, today run Turkey's largest group of companies, Koç Holding, the only Turkish company on the Fortune Global 500 list. In 2016, the family's wealth was estimated at US$8 billion, ranking them as the wealthiest family in Turkey. According to Murat Bardakçı, their lineage can be traced to Hacı Bayram-ı Veli. Notable members * Vehbi Koç was born on July 20, 1901, in Ankara and died on February 25, 1996, in Istanbul. In 1926, he married Sadberk, his maternal cousin. Starting in trade at a very young age, he built up a broad net of companies, and founded Koç Holding in 1963. He became the richest person in Turkey. His son Rahmi Mustafa Koç and his three daughters, Semahat, Sevgi and Suna, succeeded him. * Semahat Sevim Koç, born 1928 in Ankara, is the first child of Vehbi Koç. She graduated from the American Co ...
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Koç Holding
Koç Holding A.Ş. () is a Turkish multinational industrial conglomerate headquartered in Istanbul, Turkey. It operates as the country's largest company, and the only to be listed on the Fortune Global 500 as of 2024. Koç Holding's contributions make up to 7% of Turkey's overall exports. The company is controlled by the Koç family, one of Turkey's wealthiest families. Founded in 1926 by Vehbi Koç, it is regarded as one of the pioneering actors in the industrialization of Turkey. Subsidiaries owned by Koç Holding engage in a variety of sectors, including banking, energy, automotive, household appliances, and defence. History Koç Holding traces back to a local general store established by Vehbi Koç in Ankara, Turkey's new capital under construction. It expanded the scope of business into construction and hardware, following the city's fast-tracked development that brought economic activity. In 1963, the company was organised into its current structure after merger o ...
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