Turkish Cypriot entrepreneur and businessman Suat Gansel is the founder and owner of the Near East University with an estimated net worth of $1.08 billion as of May 2016. According to Forbes, he is the second wealthiest person in Cyprus and 1268th on the list of world billionaires.

Mr. Gunsel earned his estimated net worth of $1.1 billion as the owner of the largest educational facility in Northern Cyprus, which is a blooming education business. He also holds interests in a hospital, a bank, gas stations, plastics, and cable companies. A big part of his fortune comes from the land that he owns in Northern Cyprus and Turkey.

A family man who is married with three children, Gunsel spends most of his free time with his family as well as jogging, riding horses and playing tennis. He is also a passionate stamp and antique cars collector.