Billionaire Profile

Global Rank

#2107

Image: Public domain | via Wikimedia Commons

Feridun Gecgel

CEO, Astor Enerji A.Ş.

Real-Time Net Worth

$1.8B

As of December 2025

Age

Source

Utility Equipment

Industry

diversified

Citizenship

Biography

Feridun Gecgel, a prominent figure in the Utility Equipment sector, is the Chairman of Astor Enerji A.Ş.. Born in 1970 in Şanlıurfa, Turkey, Gecgel's journey began with his own firm, Özgüney Elektrik A.Ş., dealing in electrical and electronic materials. He expanded into transformer trading before acquiring Astor Transformatör Şirketi in 2005. Under his leadership, Astor Enerji has become a leading name, exporting to over 90 countries. With an estimated net worth of $1.8 billion as of December 5, 2025, Gecgel's career is a testament to his entrepreneurial spirit and strategic vision, earning him a spot among Turkey's wealthiest individuals.

Wealth Over Time

Portfolio Holdings

Astor Enerji A.Ş.

In-Depth Profile

Early Life

Feridun Gecgel was born in 1970 in Şanlıurfa, Turkey. He is of Kurdish origin. After completing his high school education, he entered the business world.

Rise to Success

Gecgel's career started with Özgüney Elektrik A.Ş., a company he founded to sell electrical and electronic materials. He later expanded into transformer trading. A significant milestone was the acquisition of Astor Transformatör Şirketi in 2005, which marked a turning point in his career. Production initially began in Istanbul and later moved to Ankara, contributing to the company's growth.

Key Business Strategies

Gecgel's strategic approach includes a focus on sustainable and local production, aiming to reduce Turkey's reliance on imports and invest in new technologies. He currently serves as Chairman of the Board at Astor Enerji A.Ş., guiding the company's growth strategies. Under his leadership, Astor Enerji has expanded to over 90 countries.

Philanthropy

Information regarding the exact philanthropy amounts is not available. However, Gecgel's contributions to the region are notable.

Career Milestones

2005

Acquisition of Astor Transformatör Şirketi

Feridun Gecgel acquired Astor Transformatör Şirketi, marking a key moment in his career.

2015

Relocation of Astor's Operations to Ankara

Gecgel consolidated all Astor operations in Ankara, which increased efficiency and established a stronger market position.

2023

Astor Enerji's IPO

Astor Enerji went public, increasing its market value substantially and boosting Gecgel's net worth.

Philanthropy & Social Impact

Regional Development

Regional Investments

$XB

Feridun Gecgel is known to make investments in his home region.

Controversies & Challenges

2024

Resignation from MKE Ankaragücü

Feridun Gecgel resigned from his role as Football Branch Manager at MKE Ankaragücü.