Şevket Sabancı (1936 – 22 July 2021) was a Turkish billionaire businessman and

philanthropist Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

, and a second-generation member of the

Sabancı family The Sabancı family is one of the wealthiest families in Turkey according to the Forbes billionaires list of 2016, with an estimated fortune ranging between $20–30 billion. The family's main business entity was founded by Hacı Ömer Sabancı in ...

Biography

He was born 1936 in

Kayseri Kayseri (; el, Καισάρεια) is a large Industrialisation, industrialised List of cities in Turkey, city in Central Anatolia, Turkey, and the capital of Kayseri Province, Kayseri province. The Kayseri Metropolitan Municipality area is comp ...

, Turkey, as the fourth son of

Hacı Ömer Sabancı Hacı Ömer Sabancı (1 January 1906 – 2 February 1966) was a Turkish entrepreneur, who founded a number of companies, which later formed the second largest industrial and financial conglomerate of Turkey, the Sabancı Holding. He initiate ...

, a self-made wealthy trader, and Sadıka. Şevket was educated in

textile engineering Textile Manufacturing or Textile Engineering is a major industry. It is largely based on the conversion of fibre into yarn, then yarn into fabric. These are then dyed or printed, fabricated into cloth which is then converted into useful goods s ...

at the

University of Manchester Institute of Science and Technology The University of Manchester Institute of Science and Technology (UMIST) was a university based in the centre of the city of Manchester in England. It specialised in technical and scientific subjects and was a major centre for research. On 1 Oct ...

(UMIST) in

England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...

. Returned home, he worked at managerial positions in a number of textile companies owned by his family. After 1980, he went abroad to represent

Sabancı Holding Hacı Ömer Sabancı Holding A.Ş., commonly abbreviated as Sabancı Holding, is an industrial and financial conglomerate with headquarters in Istanbul, Turkey. The company's primary activities are in financial services, energy (electricity generat ...

. Şevket Sabancı was the chairman of Esas Holding, the investment vehicle of his family, which owns the largest low-cost carrier in Turkey

Pegasus Airlines Pegasus Airlines ( tr, Pegasus Hava Taşımacılığı A.Ş.) (), sometimes stylized as Flypgs, is a Turkish low-cost carrier headquartered in the Kurtköy area of Pendik, Istanbul with bases at several Turkish airports. History On 1 Dece ...

. Şevket Sabancı was also a founding member of the Sabancı Foundation VakSA. He was married to Hayırlı Zerrin, with whom he has two daughters Emine Kamışlı, Sadıka Sabancı, and a son

Ali Sabancı Ali İsmail Sabancı (May 5, 1969; Adana) is a Turkish businessperson and a third generation member of thSabancıFamily. He is the Chairperson of 'Esas Holding Education life Ali Sabancı earned his M.B.A. degree with a major in International ...

. He died at the age of 85 on 22 July 2021.

Esas Holding

Esas Holding, the

family office A family office is a privately held company that handles investment management and wealth management for a wealthy family, generally one with at least $50-$100 million in investable assets, with the goal being to effectively grow and transfer w ...

of the Turkish billionaire and philanthropist Sevket Sabanci, was founded in 2000, and is led by his daughter Emine Sabancı Kamışlı and son Ali Sabanci. As of 2017, total assets under management is estimated to be anywhere between $4 billion to $7 billion, making it the biggest single family office in Turkey. Esas Holding is based in Istanbul, Turkey with an additional office in London. Direct investments and real estate development are key operating areas of the family office. Most of its direct investments are in Turkey and is made with a private equity strategy; the firm seeks to hold majority and minority stake with controlling rights, and seeks to invest for a period of between four years and six years. Some major investments of this division include Turkey's biggest low-cost carrier

, Turkey's biggest Ro Ro company Un-Ro Ro, and Turkey's biggest sports club chain Mars Athletic. In 2016 Esas sold Cinemaximum, Turkey's biggest cinema chain, to the Korean cinema operator CGV for $800 million, and its snack business Peyman to London-based PE Fund

Bridgepoint Capital Bridgepoint Group plc is a British private investment company listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Bridgepoint was founded as NatWest Equity Partners, a private equity firm part of NatWest. ...

for $100 million. Esas Properties, the real estate division of Esas Holding, builds and operates shopping malls across Turkey. Property arm of Esas is also the most international division of the group, Esas Properties owns several office buildings and shopping malls in cities such as London, New York, Frankfurt, and Aberdeen.

References

External links

Biography at Sabancı Holding website
{{DEFAULTSORT:Sabanci, Sevket 1936 births 2021 deaths People from Kayseri Sevket Sabanci Turkish businesspeople Turkish philanthropists Turkish billionaires Tarsus American College alumni Alumni of the University of Manchester Institute of Science and Technology