Turkish billionaire Rahmi Koç tests positive for COVID-19

Koç Holding Honorary Chairman Rahmi Koç makes a speech during a launch ceremony for the newly built TCSG Umut, one of the four newly built search and rescue ships for the Turkish Coast Guard, at the RMK Marine shipyard in Istanbul, May 31, 2011. (Reuters Photo)

by DAILY SABAH

Oct 17, 2020 9:40 am

Turkish billionaire Rahmi Koç has tested positive for the coronavirus, reports said Saturday.

Koç, 90, is the honorary chairman of Turkey's largest conglomerate Koç Holding.

He was hospitalized two days ago and is currently undergoing treatment under standard COVID-19 protocol. His condition is reportedly good.

Koç has run the holding for 19 years before handing the chairmanship to his eldest son Mustafa Koç in 2003. Mustafa suffered a fatal heart attack in 2016, at age 56, and Rahmi's other son, Ömer, took over the leadership.

Forbes magazine estimates Rahmi Koç's net worth to be around $1.4 billion.

Last Update: October 17, 2020 11:31