Turkish businessman Mehmet Rustu Basaran has an estimated net worth of $1.21 billion as of May 2016 according to Forbes. Most of Basaran's net worth is derived from Habas Company which he inherited from his father.

Habaş Industrial and Medical Gases Production Industries Inc. was founded in 1956 by Mr. Hamdi Başaran. It was initially known as Hamdi Başaran Topkapı Oxygen Plant. The company changed its name in 1964. It specializes in producing nitrogen, argon and oxygen gases.

Today, Habas Company is considered as one of Turkey's leading producers of industrial and medical gases, electrical energy, steel, heavy machinery, Liquefied Petroleum Gas, Compressed Natural Gas, and Liquefied Natural Gas. The company is also involved in sea port operations as well as sea transportation services for LPG. Habas is considered as one of Turkey's outstanding companies that specialize in providing carbon steel and stainless steel heavy fabrication services.