Billionaire Profile
Erman Ilicak
Global Rank
#1145

Image: Madmet1345 | CC0 | via Wikimedia Commons

Erman Ilicak

CEO, Construction
TURKEY
Real-Time Net Worth
$3.81B
Estimated based on Construction stock value as of April 20, 2026
+0.13% (24h)
Age
58
Source
Construction
Industry
Construction & Engineering
Citizenship
TURKEY

Biography

Erman Ilicak is a Turkish businessman, investor, and philanthropist, best known as the founder and President Emeritus of Rönesans Holding, a major international construction and real estate conglomerate. His estimated net worth is $3.8 billion, primarily derived from his leadership and ownership in Rönesans Holding, which operates in over 30 countries. Throughout his career, Ilicak has been a key figure in the global construction industry, overseeing numerous large-scale projects. He is also known for his significant contributions to philanthropy, especially in education through the Rönesans Education Foundation.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Erman Ilicak was born on October 3, 1967, in Darende, Malatya, Turkey. He completed his secondary education at TED Ankara College in 1985. Ilicak pursued his higher education in civil engineering, graduating from the Middle East Technical University (METU) in 1990.

Rise to Success

Ilıcak began his career in the construction industry, gaining experience working for ENKA İnşaat. In 1993, at the age of 26, he founded Rönesans İnşaat, which later became Rönesans Holding. Under his leadership, the company expanded rapidly, undertaking construction projects in various countries. Rönesans Holding became a major player in the construction and real estate development sectors. It was listed in the ENR "World's Top 250 International Contractors" list in 2006 and has consistently ranked among the top 10 largest international contractors in Europe since 2015.

Key Business Strategies

Ilıcak's business strategy involved strategic diversification, expanding Rönesans Holding's activities into real estate, energy, healthcare, and other sectors. He formed key partnerships, including one with the Singaporean investment fund GIC. Ilicak also made significant international acquisitions. The company's revenue reached $3.52 billion in 2024. Rönesans Holding has also been investing in renewable energy, and in 2023, it transferred 50% of Rönesans Enerji's shares to TotalEnergies.

Philanthropy

Erman Ilicak is dedicated to philanthropy, particularly in education. He established the Rönesans Eğitim Vakfı (Rönesans Education Foundation) in 2009. Through the foundation, he supports educational infrastructure and scholarships, helping over 100,000 students in Turkey. He co-founded TED Rönesans Koleji, demonstrating a strong commitment to youth development.

Career Milestones

1990

Graduated from Middle East Technical University (METU)

Earned a degree in Civil Engineering.

1993

Founded Rönesans Holding

Established Rönesans Holding in St. Petersburg, Russia, which grew into a global conglomerate.

2002

Completed MBA

Earned an MBA from the Vienna University of Economics and Business in conjunction with the University of Minnesota.

2006

Listed in ENR

The company entered the ENR "World's Top 250 International Contractors" list.

2009

Established Rönesans Education Foundation (REV)

Founded the Rönesans Education Foundation, focusing on education and philanthropy.

2011

Completed PhD

Received a Ph.D. in Business Administration from the International Business School in Paris.

2014

Became President Emeritus of Rönesans Holding

Transitioned from the Chair of the Board to President Emeritus.

Philanthropy & Social Impact

Education

Rönesans Education Foundation

$XB

Supports educational infrastructure and scholarships for over 100,000 students.

Business Philosophy & Leadership

Notable Quotes

"Entrepreneurship was always on my mind. I had many unsuccessful attempts during my university years. Even when I was working as a professional, I knew I would become an entrepreneur."

Controversies & Challenges

2021

Pandora Papers

Documents revealed offshore accounts linked to Erman Ilıcak and his mother, raising concerns about tax evasion and financial practices related to construction projects, including the Presidential Palace in Turkey.