Sabancı family is one of the wealthiest families in Turkey according to the Forbes billionaires list of 2016 , with an estimated fortune ranging between $ 20-30 billion . The family 's main business entity was founded by Hacı Ömer Sabancı , in the 1930s . Hacı Ömer Sabancı , the progenitor of the Sabancı family , moved from his native Kayseri to Adana in the early 1920s . His business grew , in part , due to reduced business competition as a result of the Armenian Genocide . Some second and third generation members of the family today control a group of companies under Sabanci Holding . Most of the companies were established by the efforts of the second generation members of the family , Sakıp Sabancı , Hacı Sabancı , Şevket Sabancı , Erol Sabancı , and Özdemir Sabancı . After the death of Sakıp Sabancı , also known as Sakip Aga , in 2004 , the granddaughter of the founder , Güler Sabancı , was chosen to run Sabancı Holding
Armenian Genocide
Armenian Genocide
Sabancı family