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

Alarko Alarko Holding is one of the largest business conglomerates in Turkey; it is listed on the Istanbul Stock Exchange. It operates in various sectors, including construction, electricity generation and distribution, tourism, and real estate. It was ...

group of companies.

Biography

İshak Alaton was born in

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 ...

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 municipality and district of Ankara Province, Turkey. Its area is 3,618 km2, and its population is 128,378 (2022). It is 80 km west of the Turkish capital ...

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 ( ...

, he went to Sweden to work as a welder in Motala Verkstad'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 under the Republican People's Party (CHP) government in Turkey in 1942, with the stated aim of raising funds for the country's defense in case of ...

'' 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 and İnönüreplaced him. İnönü and his Prime Minister

Şükrü Saracoğlu Mehmet Şükrü Saracoğlu (; 17 June 1887 – 27 December 1953) was a Turkish people, Turkish politician, the fifth prime minister of Turkey and the Ministry of Foreign Affairs (Turkey), Turkish Minister of Foreign Affairs during the early stag ...

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 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 ...

, 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 caused by an impairment in the heart's ability to Cardiac cycle, fill with and pump blood. Although symptoms vary based on which side of the heart is affected, HF ...

, 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