Recep Tayyip Erdoğan Net Worth

Net Worth:$500 Million
Date of Birth: February 26, 1954 (70 years old)

What Is Recep Tayyip Erdoğan’s Net Worth?

Recep Tayyip Erdoğan is a Turkish politician who has a net worth of $500 million. Years ago, when he first entered politics, Recep had no money. Now, however, he and his family are said to have amassed substantial wealth supposedly stashed away in offshore trusts on the Isle of Man.

In August 2014, Erdogan was elected the 12th President of Turkey. In addition to being a member of the Justice and Development Party, he has also belonged to the National Salvation Party, the Welfare Party, and the Virtue Party.

From March 1994 to November 1998, he was Istanbul’s 28th mayor.

Recep served in the Grand National Assembly as a member from March 2003 to August 2014.

From March 2003 to August 2014, he was Turkey’s 25th prime minister. In May 2017, Erdogan was elected as the Justice and Development Party’s leader.

Early Life

Recep Tayyip Erdoğan was born on 26 February 1954, in Kasımpaşa, Istanbul, Turkey. Recep’s family lived in Rize when he was a little boy, his father was a captain in the Turkish Coast Guard. The family returned to Istanbul when Erdogan was 13 years old.

He attended Kasmpaşa Piyale primary school. Recep graduated in 1973 from the religious high school of Hatip after he participated in the National Turkish Student Union and won the Community of Turkish Technical Painters’ poetry-reading competition that the Turkish Technical Painters Community funded.

Due to Mekteb-i Mülkiye’s refusal to admit graduates of Mam Hatip University, Erdoan later attended Eyüp High School.


A top businessman and consultant in the commercial sector, Erdogan worked as the head of the National Salvation Party’s (MSP) Beyolu and Istanbul youth branches from 1976 to 1980 after which he was forced to resign due to the military coup in 1980.

He joined the Central Executive Board of the newly established Welfare Party in 1985 after being chosen as its Beyolu District Head in 1984.

The following year, he was voted as the Welfare Party’s Istanbul Provincial Head.

He was elected Mayor of Metropolitan Istanbul in March 1994.

He was imprisoned for reading a Ziya Gökalp poem that was deemed “an incitement to violence and religious or ethnic hatred” during a gathering in December 1997.

In July 1999, Erdogan was freed from prison after serving for four months.

Recep helped establish the Justice and Development Party (AK Party) in 2001 with few of his friends, and he was chosen to serve as the party’s founding general chairman.

In 2003, he was elected Turkish Prime Minister. He won the first-ever popular vote presidential election in Turkey in 2014, and he was chosen as the AK Party’s chairman in 2017. In 2018, 52.59% of the vote went to Erdogan, who won the reelection as president.

Awards and Accolades

More than 40 universities, including the University of Aleppo, Istanbul University, Moscow State University, Shanghai International Studies University, University of Algiers, Qatar University, International University of Sarajevo, and Mukogawa Women’s University, have awarded honorary doctorates to Erdogan.

Exorbitant Palaces

Erdogan has come under fire over the years for allegedly using significant public funds to build a number of presidential residences. He apparently managed the $615 million, three million+ square-foot Presidential palace project in Ankara.

In addition, it has been claimed that he may have spent up to $70 million building a luxurious vacation home in Marmaris, Turkey, measuring 90,000 square feet.

According to reports, the holiday resort contains a man-made beach, five main residential buildings, and three blocks of residential buildings for visitors and personnel.

Personal Life

In July 1978, Recep Erdogan got married to Emine Gülbaran and together they have four children.

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