Jul 05 2018

President Erdoğan’s net worth revealed

Turkish President Recep Tayyip Erdoğan’s self-reported net worth has been published in his submission to the Official Gazette, Russian news site Sputnik said.

Erdoğan has 6,347,760 liras ($1,374,000) in cash in the bank and a 4 million lira residence in Istanbul’s Üsküdar, according to the submission.

He owes 2 million lira to businessman Mehmet Gür, it added.

Gür, a childhood friend of Erdoğan is the chairman of Ortadoğu Group, a construction and logistics firm and the business partner of some other members of the Erdoğan family.

The filing represents a significant increase on Erdoğan’s wealth declaration as head of the Justice and Development Party (AKP) in 2001, Sputnik said.