Mustafa Rahmi Koç (born 9 October 1930) is a Turkish businessman. In 2016,

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

ranked him No. 906 richest person in the world with a net worth of US$2.6 billion. In 2013, Koç was the single highest taxpayer in Turkey, totalling 37.5 million lira.

Biography

Early life

Rahmi Koç was the only son of one of Turkey's wealthiest men

Vehbi Koç Ahmet Vehbi Koç (20 July 1901 – 25 February 1996) was a Turkish billionaire, businessman, entrepreneur and philanthropist who founded the Koç Group, one of Turkey’s largest groups of companies. During his lifetime, he came to be one of ...

. He attended high school at

Robert College The American Robert College of Istanbul ( or ), often abbreviated as Robert or RC, is a Selective school, highly selective, Independent school, independent, mixed-sex education, co-educational, Education in Turkey#Private schools, private Second ...

Istanbul Istanbul is the List of largest cities and towns in Turkey, largest city in Turkey, constituting the country's economic, cultural, and historical heart. With Demographics of Istanbul, a population over , it is home to 18% of the Demographics ...

after his primary education in Ankara. Rahmi Koç then studied at the

Johns Hopkins University The Johns Hopkins University (often abbreviated as Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland, United States. Founded in 1876 based on the European research institution model, J ...

and received a BA 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 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 contributio ...

. 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 30 March 1984. Rahmi Koç retired from this duty on 4 April 2003, transferring his chair to his eldest son Mustafa Koç. Rahmi Koç is honorary chairman of the Koç Holding. A visit to

Henry Ford Museum The Henry Ford (also known as the Henry Ford Museum of American Innovation and Greenfield Village, and as the Edison Institute) is a history museum complex in Dearborn, Michigan, United States, within Metro Detroit. The museum collection contai ...

Michigan Michigan ( ) is a peninsular U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, Upper Midwestern United States. It shares water and land boundaries with Minnesota to the northwest, Wisconsin to the west, ...

inspired him to create the

Rahmi M. Koç Museum The Rahmi M. Koç Museum is a private industrial museum in Istanbul, Turkey dedicated to the history of transport, industry and communications. Rahmi M. Koç, member of one of the wealthiest families in Turkey and retired chairman (currently the ...

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''.

Other mandates and memberships

* Chairman of the

International Chamber of Commerce The International Chamber of Commerce (ICC; French: ''Chambre de commerce internationale'') is the largest, most representative business organization in the world. ICC represents over 45 million businesses in over 170 countries who have interest ...

(1995–1996) * Member of the

Rotary Club Rotary International is one of the largest Service club, service organizations in the world. The self-declared mission of Rotary, as stated on its website, is to "provide service to others, promote integrity, and advance world understanding, go ...

* Member of the Istanbul Open Sea Yacht Club * Member of the

New York Yacht Club The New York Yacht Club (NYYC) is a private social club and yacht club based in New York City and Newport, Rhode Island. It was founded in 1844 by nine prominent sportsmen. The members have contributed to the sport of yachting and yacht design. ...

* Honorary Member of the Board of Trustees of

Metropolitan Museum of Art The Metropolitan Museum of Art, colloquially referred to as the Met, is an Encyclopedic museum, encyclopedic art museum in New York City. By floor area, it is the List of largest museums, third-largest museum in the world and the List of larg ...

* Vice Chairman of the Board of Trustees of Vehbi Koç Foundation * Honorary Chairman of the Board of Trustees of

Koç University Koç University () is a private non-profit research university in Istanbul, Turkey. It started education in temporary buildings in İstinye in 1993, and moved to its current Rumelifeneri campus near Sarıyer in 2000. Koç University is ranked hi ...

* Founder and Chairman of the Board of Directors of the

* Chairman of the Board of Directors of the American Hospital Istanbul * Honorary Chairman of the Advisory Board of the Turkish Industry and Business Association * Founding Chairman of the Global Relations Forum * Former Member of the

Allianz Allianz SE ( , ) is a German Multinational corporation, multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. Allianz is the world's largest List of largest insurance ...

International Advisory Board * Former Member of the

JPMorgan Chase JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...

International Council * Former Member of the International Advisory Board of the

Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank focused on Foreign policy of the United States, U.S. foreign policy and international relations. Founded in 1921, it is an independent and nonpartisan 501(c)(3) nonprofit organi ...

Honorary doctorates

Koç received honorary doctorates from the following universities: *

Baltimore Baltimore is the most populous city in the U.S. state of Maryland. With a population of 585,708 at the 2020 census and estimated at 568,271 in 2024, it is the 30th-most populous U.S. city. The Baltimore metropolitan area is the 20th-large ...

Maryland Maryland ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic region of the United States. It borders the states of Virginia to its south, West Virginia to its west, Pennsylvania to its north, and Delaware to its east ...

(1998) *

Anadolu University Anadolu University () is a public university in Eskişehir, Turkey. Anadolu University Distance Education Faculty (or Anadolu University Global Campus) serves as the national provider of distance education and is a member of the European Associ ...

Eskişehir Eskişehir ( , ; from 'old' and 'city') is a city in northwestern Turkey and the capital of the Eskişehir Province. The urban population of the city is 821 315 (Odunpazari + Tebebasi), with a metropolitan population of 921 630. The city is l ...

(1998) *

Ege University Ege University or Aegean University () is a public research university in Bornova, İzmir. It was founded in 1955 with the faculties of Medicine and Agriculture. It is the first university to start courses in İzmir and the fourth oldest unive ...

İzmir İzmir is the List of largest cities and towns in Turkey, third most populous city in Turkey, after Istanbul and Ankara. It is on the Aegean Sea, Aegean coast of Anatolia, and is the capital of İzmir Province. In 2024, the city of İzmir had ...

(1999) *

Bilkent University Bilkent University () is a private non-profit research university located in Ankara, Turkey. It was founded by İhsan Doğramacı, the first president of the Council of Higher Education and the head of the prominent Doğramacı family, with th ...

Ankara Ankara is the capital city of Turkey and List of national capitals by area, the largest capital by area in the world. Located in the Central Anatolia Region, central part of Anatolia, the city has a population of 5,290,822 in its urban center ( ...

(1999) * Ovidius University, Constanţa (2001) * Adnan Menderes University,

Aydın Aydın ( ''EYE-din''; ; formerly named ''Güzelhisar; Greek: Τράλλεις)'' is a city in and the seat of Aydın Province in Turkey's Aegean Region. The city is located at the heart of the lower valley of Büyük Menderes River (ancient ...

(2008)

Awards

Koç was awarded by various institutions as below: * :

Order of Merit of the Federal Republic of Germany The Order of Merit of the Federal Republic of Germany (, or , BVO) is the highest state decoration, federal decoration of the Federal Republic of Germany. It may be awarded for any field of endeavor. It was created by the first List of president ...

, 1982 * :

State Medal of Distinguished Service State Medal of Distinguished Service () is one of the three civil state decorations of Turkey. The medal was established on October 24, 1983 with the Law on Medals and Orders, Act No. 2933. It is rewarded to Turkish citizens, foreigners and organiz ...

, 1997 * :

Order of Merit of the Italian Republic The Order of Merit of the Italian Republic () is the most senior Italian order of merit. It was established in 1951 by the second President of Italy, President of the Italian Republic, Luigi Einaudi. The highest-ranking honour of the Republi ...

, 2001 * : Order of Merit of the Austrian Government, 2003 * :

Commander of the Most Excellent Order of the British Empire The Most Excellent Order of the British Empire is a British order of chivalry, rewarding valuable service in a wide range of useful activities. It comprises five classes of awards across both civil and military divisions, the most senior two o ...

, 2011 * : National Order of the Legion of Honour, 2015 *

World Monuments Fund World Monuments Fund (WMF) is a private, international, non-profit organization dedicated to the preservation of historic architecture and cultural heritage sites around the world through fieldwork, advocacy, grantmaking, education, and training ...

: Hadrian Award, 2007 *

Carnegie Medal of Philanthropy The Carnegie Medal of Philanthropy is a private award for philanthropy, bestowed every second year to multiple people by the Carnegie family of institutions. In recent years the medal has been presented in New York. About the Medal The Carnegie ...

, 2009 *

BNP Paribas BNP Paribas (; sometimes referred to as BNPP or BNP) is a French multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial instituti ...

: BNP Paribas Philanthropy Award, 2011 *

: Outstanding Service Award in Decorative Arts, 2016 *

Foreign Policy Association The Foreign Policy Association (FPA, formerly known as the League of Free Nations Association) is an American non-profit foreign policy organization. According to the FPA, the organization aims to spread global awareness and understanding of US f ...

: Foreign Policy Association Medal, 2019

Personal life

He is a big fan and financial supporter of Beşiktaş J.K. Koç has three sons: Mustafa Vehbi (1960–2016), Ömer Mehmet (1962) and Ali Yıldırım (1967) from his previous marriage to Çiğdem Simavi. His son Mustafa died on 21 January 2016, of a heart attack, at the age of 55.

References

External links

Koç Holding A.Ş.Rahmi M. Koç MuseumCreating Emerging Markets Interview
at the

Harvard Business School Harvard Business School (HBS) is the graduate school, graduate business school of Harvard University, a Private university, private Ivy League research university. Located in Allston, Massachusetts, HBS owns Harvard Business Publishing, which p ...

{{DEFAULTSORT:Koc, Rahmi 1930 births People from Ankara Robert College alumni Living people Rahmi Mustafa Johns Hopkins University alumni 20th-century Turkish businesspeople Turkish philanthropists Turkish billionaires Commanders Crosses of the Order of Merit of the Federal Republic of Germany Museum founders Recipients of the State Medal of Distinguished Service 21st-century Turkish businesspeople JPMorgan Chase people