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Recep Tayyip Erdogan Net Worth, Biography & Wiki 2017
Recep Tayyip Erdoğan was born on the 26th February 1954, in Istanbul, Turkey, and as is a politician who is the current president of Turkey, since 2014. He is also widely known as the previous Prime Minister of Turkey.
Have you ever wondered how much wealth this politician has accumulated so far? How rich Recep Tayyip Erdoğan is? According to sources, it is estimated that the total amount of Recep Tayyip Erdoğan’s net worth, as of mid-2016, is $185 million with an annual salary of $200,000. This huge wealth includes assets such as several restaurants, the Istanbul Angels Football Team, and even his own brands of vodka and perfume as well as a fashion line. All of these have been acquired through smart stock investments and successful business ventures.
Recep Tayyip Erdogan Net Worth $185 Million
Recep Tayyip Erdogan grew up in the Muslim-observant family of Tenzile and Ahmet Erdoğan. He attended Kasımpaşa Piyale primary school, and later İmam Hatip School as well as Eyüp High School. Subsequently, Recep Tayyip Erdoğan enrolled at the Aksaray School of Economics and Commercial Sciences (or Marmara University’s Faculty of Economics and Administrative Sciences as it is now called) where he studied business administration.
While still a student, besides playing football as a semi-professional at the local club, Erdoğan took his first steps towards politics by joining an anti-communist group, the National Turkish Student Union. This has led him to become the head of the youth branch of National Salvation Party in 1976. Over the next several years, he managed to climb to the position of chairman of the Istanbul city branch in 1985. These engagements provided the basis for Recep Tayyip Erdoğan’s net worth.
The breakthrough in Recep Tayyip Erdoğan’s political career came in 1994, when in the local elections he was elected as the Mayor of Istanbul. During the next four years in that function, Erdoğan took a pragmatic approach, and dramatically improved the everyday lives of his citizens by solving the city’s chronic problems – water shortage, traffic jams and pollution. Also, he managed to repay the city’s $2 billion debt, and invested the sum of $4 billion in the city, in total. Besides raising his political popularity, these achievements helped make an impact on Recep Tayyip Erdoğan’s wealth.
In 1998, Recep Tayyip Erdoğan was accused of exhortation to racial and religious hatred as well as violence, and was convicted with 10 months prison sentence. After serving four months, he was released but was temporarily banned from politics. In 2001, Erdoğan returned to the Turkey’s political scene by establishing the Justice and Development Party (AKP) which subsequently won the 2003 general elections, and Recep Tayyip Erdoğan became the Prime Minister.
After nine years in the position of the Prime Minister, in the 2014 presidential elections Recep Tayyip Erdoğan was elected as the President of Turkey. He continues to court controversy, particularly regarding his apparent opposition to the secular state of the country as bound in the constitution. Continuing batlles with Kurdish separatists have not helped either.
When it comes to his personal life, Recep Tayyip Erdoğan has been married since 1978 to Emine Gülbaran, with whom he has two sons and two daughters.