Rahmi Koç

Mustafa Rahmi Koç (born 9 October 1930) is a Turkish businessman. In 2016, Forbes ranked him No. 906 richest person in the world with a net worth of US$2.6 billion. In 2013, Koç was the single highest taxpayer in Turkey, totalling 37.5 million lira.

Biography Early life Rahmi Koç was the only son of one of Turkey's wealthiest men Vehbi Koç. He attended high school at Robert College in Istanbul after his primary education in Ankara. Rahmi Koç then studied at the Johns Hopkins University and received a BA in industrial management.

Career Following his military service, he started actively working for the Koç Group in 1958, joining the Otokoç Company in Ankara. In 1960, he transferred to Koç Ticaret, which represented the Koç Group in Ankara. Following the relocation of the Koç Holding headquarters from Ankara to Istanbul in 1964, which was established a year earlier, he became general coordinator of Koç Holding. and moved to Istanbul.

Thereafter in 1970, he became chairman of the executive committee and in 1975 deputy chairman of the board of management. Rahmi Koç was appointed chairman of the Koç Holding management committee in 1980. His father Vehbi Koç transferred his chairmanship to his son on 30 March 1984. Rahmi Koç retired from this duty on 4 April 2003, transferring his chair to his eldest son Mustafa Koç. Rahmi Koç is honorary chairman of the Koç Holding.

A visit to Henry Ford Museum in Michigan inspired him to create the Rahmi M. Koç Museum in Istanbul, which is dedicated to the history of transport, industry and communications exhibiting trains, submarines and autos.

In 2013, he bought the Merrill-Stevens Drydock & Repair Co., Florida's oldest boatyard, and renamed it RMK Merrill-Stevens. He is the owner of a 171-foot yacht, the Nazenin V.

Other mandates and memberships Chairman of the International Chamber of Commerce (1995–1996) Member of the Rotary Club Member of the Istanbul Open Sea Yacht Club Member of the New York Yacht Club Honorary Member of the Board of Trustees of Metropolitan Museum of Art Vice Chairman of the Board of Trustees of Vehbi Koç Foundation Honorary Chairman of the Board of Trustees of Koç University Founder and Chairman of the Board of Directors of the Rahmi M. Koç Museum Chairman of the Board of Directors of the American Hospital Istanbul Honorary Chairman of the Advisory Board of the Turkish Industry and Business Association Founding Chairman of the Global Relations Forum Former Member of the Allianz International Advisory Board Former Member of the JPMorgan Chase International Council Former Member of the International Advisory Board of the Council on Foreign Relations

Honorary doctorates Koç received honorary doctorates from the following universities: Johns Hopkins University, Baltimore, Maryland (1998) Anadolu University, Eskişehir (1998) Ege University, İzmir (1999) Bilkent University, Ankara (1999) Ovidius University, Constanţa (2001) Adnan Menderes University, Aydın (2008)

Awards Koç was awarded by various institutions as below: Order of Merit of the Federal Republic of Germany, 1982 Order of Merit of the Italian Republic, 2001 Order of Merit of the Austrian Government, 2003 Commander of the Most Excellent Order of the British Empire, 2011 National Order of the Legion of Honour, 2015 World Monuments Fund: Hadrian Award, 2007 Carnegie Medal of Philanthropy, 2009 BNP Paribas: BNP Paribas Philanthropy Award, 2011 Metropolitan Museum of Art: Outstanding Service Award in Decorative Arts, 2016 Foreign Policy Association: Foreign Policy Association Medal, 2019

Personal life He is a big fan and financial supporter of Beşiktaş J.K. Koç has three sons: Mustafa Vehbi (1960–2016), Ömer Mehmet (1962) and Ali Yıldırım (1967) from his previous marriage to Çiğdem Simavi. His son Mustafa died on 21 January 2016, of a heart attack, at the age of 55.