Mehmet Nazif Gunal
Istanbul, Turkey
Turkey
tourism, construction, Self Made
$1,100,000,000
1941
#1941 Billionaires 2019
The most important source of Mehmet Nazif Gunal's wealth are 10 five-star hotels concentrated in Turkey's most important tourism regions.He received a civil engineering degree in 1971 and established his own construction firm, eventually taking on projects throughout the Middle East.Under wholly owned MNG Holding, he expanded into hotel investments and management, transportation, mining and energy production and marketing.Gunal's Avesoro Holdings mines gold in Africa, with two operations in Liberia and one in Burkina Faso.
Operating under the World of Wonders brand name, his Kremlin Palace and Topkapi Palace hotels in Antalya are architecturally exact replicas of their namesakes.MNG is one of five main contractors working on the new Istanbul Airport, which will have an annual passenger capacity of 200 million when all phases are complete.
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