Demirören Group
Demirören Holding A.Ş.'s capital is 150 million Turkish Liras. Its shares are owned entirely by the Demirören Family, which openly supports the ruling AK Parti and has close ties with the President Recep Tayyip Erdoğan. The family has many businesses in media, energy, mining and construction. Erdoğan Demirören is the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which holds the majority shares of the companies that publish Milliyet and Vatan newspapers.The recordings of alleged phone conversations between Demirören and then Prime Minister Recep Tayyip Erdoğan were leaked in May 2014, in which the Prime Minister scolds Demirören for a news story, asking for those responsible to be fired, and Demirören is heard crying.
Business Form
Private
Legal Form
Joint stock company
Business Sectors
Energy; Manufacturing; Tourism; Ports; Construction; Education
Individual Owner
Born in 1938 in Bursa, Erdoğan Demirören is a middle school graduate (from Saint Benoît in Istanbul). Demirören family's wealth is estimated to be around $ 1-1,5 billion, acquired mostly from mining, energy and construction. Erdoğan Demirören is the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which holds the majority shares of the companies that publish Milliyet and Vatan newspapers. The recordings of alleged phone conversations between Demirören and then Prime Minister Recep Tayyip Erdoğan were leaked in May 2014, in which the Prime Minister scolds Demirören for a news story, asking for those responsible to be fired, and Demirören is heard crying. He attended President Erdoğan's daughter's wedding in May 2016.
Yıldırım, the son of Erdoğan Demirören, was born in 1964 in Istanbul. He was the president of Beşiktaş sport club from 2004 to 2012, and since 2012 he's the president of the Turkish Football Federation. He's one of the shareholders, and the Assistant to the Head of the Board of Directors, of the conglomerate 'Demirören Holding A.Ş.' which holds the majority shares of the companies that publish Milliyet and Vatan newspapers. He's also in the board of directors of many companies owned by the Demirören Family. He attended President Erdoğan's daughter's wedding in May 2016.
Fikret Tayfun Demirören, the son of Erdoğan Demirören, has a degree in Finance from Bilkent University. He's one of the shareholders of the conglomerate 'Demirören Holding A.Ş.' that holds the majority shares of both companies that publish Milliyet and Vatan newspapers. He sits on the boards of many companies owned by the group such as Total Oil. Turkey's President Recep Tayyip Erdoğan, then Prime Minister, was the witness at his wedding in 2003. Tayfun attended President Erdoğan's daughter's wedding in May 2016.
Meltem Oktay, the daughter of Erdoğan Demirören, is one of the shareholders of the conglomerate 'Demirören Holding A.Ş.' that holds the majority shares of the companies that publish Milliyet and Vatan newpapers. She sits on the Board of Directors in many of the firms owned by the group, including Total Oil.
Other Print Outlets
Milliyet (5%), Vatan
Other Online Outlets
milliyet.com.tr (19%), milliyet.tv, gazetevatan.com (5%), skorer.com, uzmanpara.milliyet.com.tr
Media Business
Media Business
Digital TV | Milliyet TV
E-commerce | milliyetemlak.com
Print | Milliyet newspaper, Vatan newspaper
Online | milliyet.com.tr, milliyet.tv, gazetevatan.com, skorer.com, uzmanpara.milliyet.com.tr
Business
Business
Digital TV | Milliyet TV
E-commerce | milliyetemlak.com
Print | Milliyet newspaper, Vatan newspaper
Online | milliyet.com.tr, milliyet.tv, gazetevatan.com, skorer.com, uzmanpara.milliyet.com.tr
General Information
Founding Year
2005
Founder
Erdoğan Demirören
Affiliated Interests Founder
Born in 1938 in Bursa, Erdoğan Demirören is a middle school graduate (from Saint Benoît in Istanbul). Demirören family's wealth, acquired through mining, energy and construction, is estimated to be around $ 1-1,5 billion. He's the majority shareholder of the conglomerate 'Demirören Holding A.Ş.' which holds the majority shares of the companies that publish Milliyet and Vatan newspapers. The recordings of alleged phone conversations between Demirören and then Prime Minister Recep Tayyip Erdoğan were leaked in May 2014, in which the Prime Minister scolds Demirören for a news story, asking for those responsible to be fired, and Demirören is heard crying. He attended President Erdoğan's daughter's wedding in May 2016.
Contact
Şişhane Yokuşu Demirören Han. No:2, 34420 Azapkapı Beyoğlu İstanbul
Tel.: + 90 212 238 22 72
Website: www.demiroren.com.tr
Tax/ ID Number
TradeRegistry No: 546862
Financial Information
Revenue (Financial Data/ Optional)
MD
Operating Profit (in Mill. $)
MD
Advertising (in % of total funding)
MD
Management
Executive Board
Erdoğan Demirören is the Chairman of the Board of Directors
Erdoğan Demirören's son, Yıldırım Demirören is the assistant Chair of the board.
Erdoğan Demirören's children Fikret Tayfun Demirören and Meltem Oktay are board members.
Further Information
Headlines
(07.03.2014) Hurriyet Daily News. Retrieved in October 2016 from:
(1.09.2015) Press Release – Total. Retrieved in October 2016 from:
Meta Data
The websites for daily Milliyet and Vatan clearly indicate Demirören group as the owner. The names and shares of family members can be found at the Trade Registry Gazette.
Sources
Turkish Trade Registry Gazette. The Union of Chambers and Commodity Exchanges of Turkey. Retrieved in August 26, 2016 from
(22.03.2013) Erdoğan: Demirören bana sordu, Akif Beki'yi al dedim! Retrieved on October 23, 2016, from
http://t24.com.tr/haber/erdogan-demiroren-bana-sordu-akif-beyi-al-dedim,226209
(06.03.2014) Erdoğan fırçaladı, Demirören ağladı. Retrieved on October 23, 2016, from
http://www.cumhuriyet.com.tr/haber/turkiye/48011/Erdogan_fircaladi__Demiroren_agladi.html
İnan, M., & Balkan, A. (2016, May 15). 6 bin davetliyle yılın nikâhı. Retrieved on October 23, 2016, from
http://www.cumhuriyet.com.tr/haber/turkiye/48011/Erdogan_fircaladi__Demiroren_agladi.html
Bu düğüne İstanbul şahit. (2003, December 22). Retrieved on October 23, 2016, from
Fatih Saraç'tan Başbakan'a: Kendimle ilgili gereğini yapacağım! (2014, March 15). Retrieved on October 23, 2016, from
http://t24.com.tr/haber/fatih-saractan-basbakana-kendimle-ilgili-geregini-yapacagim,253481
