İshak Alaton (2 September 1927 – 11 September 2016) was a Turkish businessman and investor. He is a founding partner of the Alarko group of companies.

Biography

İshak Alaton was born in

Istanbul Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, ...

in 1927. He completed his high school education respectively at Şişli Terakki High School and Saint Michel French High School and graduated in 1946. Having finished his military service in

Polatlı Polatlı (formerly Ancient Greek: Γόρδιον, Górdion and Latin: Gordium) is a city and a district in Ankara Province in the Central Anatolia region of Turkey, 80 km west of the Turkish capital Ankara, on the road to Eskişehir. Accordin ...

Ankara Ankara ( , ; ), historically known as Ancyra and Angora, is the capital of Turkey. Located in the central part of Anatolia, the city has a population of 5.1 million in its urban center and over 5.7 million in Ankara Province, maki ...

, he went to Sweden to work as a welder in

Motala Verkstad AB Motala Verkstad is one of the oldest engineering companies in Sweden. The company was founded in 1822 during the construction of Göta Canal. Motala Verkstad has also built about 400 ships, 800 bridges (e.g. Västerbron, Skeppsholmsbron, B ...

's locomotive factory in 1951. He was very young when the ''

Varlık Vergisi The Varlık Vergisi (, "wealth tax" or "capital tax") was a tax mostly levied on non-Muslim citizens in Turkey in 1942, with the stated aim of raising funds for the country's defense in case of an eventual entry into World War II. The underlying re ...

'' was imposed in Turkey. He recalls: "My father was a good businessman and member of the CHP. He was someone who served his party. He did volunteer work. During Atatürk's time he was preparing a place for himself in politics. Atatürk later passed away. İnönü, who replaced him, was a bigoted, xenophobic, narrowminded leader. İnönü and his Prime Minister

Şükrü Saraçoğlu Şükrü ( Turkish from ar, شكري) may refer to: People *Şükrü Âli Ögel (1886–1973), Turkish military officer, director of the Turkish governmental intelligence agency *Şükrü Gülesin (1922–1977), Turkish football player and sports ...

prepared that catastrophe together. He ensured that Turkey would be misrepresented. After the suffering that was endured, decisions changed and with America's support decisions changed and thousands of ruined people who had been sent into the mountains returned." In the meantime he attended engineering drawing courses. Having finished his courses, he continued to work as an industrial designer at the same company until 1954. The same year he returned to Turkey and founded Alarko Company together with Üzeyir Garih. In 2001, his partner Uzeyir Garih is stabbed to death while visiting the grave of a Muslim mystic. According to

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...

, his net worth was valued as $882 Million in 2007. He was the chairman of the board in Alarko Holding. Alaton died on 11 September 2016 of

heart failure Heart failure (HF), also known as congestive heart failure (CHF), is a syndrome, a group of signs and symptoms caused by an impairment of the heart's blood pumping function. Symptoms typically include shortness of breath, excessive fatigue, a ...

, aged 89.

References

Sources

Biography of İshak Alaton

''The International Leadership Symposium''

Alarko Holding official website

1927 births 2016 deaths Businesspeople from Istanbul Turkish chief executives Turkish industrial designers Turkish Jews Place of death missing {{Turkey-business-bio-stub

Biography

See also

References

Sources