Nihat Ozdemir is the Founder and Director of Limak Holding who has an estimated net worth of $1.39 billion as of June 2016 according to Forbes. He is the 29th richest person in Turkey and is ranked 1175th in the list of World Billionaires according to Forbes.

Mr. Ozdemir was born on April 5, 1950 in Diyarkbakir, Turkey. He received his mechanical engineering degree from Gazi University. He co-founded Limak Holding along with fellow billionaire Sezai Bacaksiz. It is a Turkish conglomerate with major business interests in construction, energy, cement, and tourism. Among its major assets are Limak Cement and Limak Energy companies, and the Limak Tourism Group.

The company’s total revenue with its wide range of businesses has grown by 24%. In 2012, it has an estimated $260 million revenue from construction alone. In June of the same year, it has won the tender of the Kosova Electricity Company’s electricity distribution and procurement business with fellow billionaire Ahmet Calik. In December, they bought BEDAS along with Cengiz and Kolin Construction for about $2 billion. BEDAS is the distributor of electricity to Istanbul’s European shore and it has 10 million subscribers. With this venture, Limak, Cengiz, Kolin partnership covers 30% of all the electricity subscriberst in Turkey.

Nihat Ozdemir served as be the vice president of the Fenerbahce SK, a football giant in the Turkey Super Ligi, until his resignation at the end of 2012. He was the deputy president of the team until August 25, 2011. His daughter, Ebru Ozdemir, works at Limak in the business development and finance department while his son Batuhan Ozdemir works in the energy production and distribution division.