Turkish businessman Mehmet Nazif Gunal has an estimated net worth of $1.2 billion as of April 2016 according to Forbes. He is best associated with MNG Holding which holds interests in cargo, media, plane maintenance, airline, energy, tourism, finance and construction.

Mehmet Nazif Gunal was born in Arhavi , Artvin , Turkey in 1948. After obtaining his MBA from a university, Gunal worked for a construction firm as director and construction site supervisor. He is currently married with three children. Until today, Mehmet Nazif Gunal remains to be media-shy. In fact, he maintains a low profile. He owns a total of ten hotels, two of which are hailed as exact replicas of Topkapi Palace and Kremlin which are found in Russia.