Ali Babacan Net Worth is$500 Thousand
Ali Babacan Salary is$100 Thousand
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Birth Date: 1967/4/4
Birth Place: Ankara, Turkey
Office: Deputy Prime Minister of Turkey
Alongside: Cemil Çiçek and Bülent Ar?nç
Term Start: 1 May 2009
Predecessor: Naz?m Ekren
Office 1: List of Ministers of Foreign Affairs of Turkey
Term Start 1: 29 August 2007
Term End 1: 1 May 2009
Predecessor 1: Abdullah Gül
Successor 1: Ahmet Davuto?lu
Office 2: Minister of State
Term Start 2: 18 November 2002
Term End 2: 29 August 2007
Predecessor 2: Masum Türker
Successor 2: Mehmet ?im?ek
Alma Mater: Middle East Technical University, Kellogg School of Management
Religion: Islam
Party: Justice and Development Party (Turkey)
Spouse: Ülkü Zeynep Babacan (m. 1995)
Children: Mustafa Kerem, Fatma Dilara, Hilmi Emir
Ali Babacan (Turkish pronunciation: [a'li baba'd?an]; born 4 April 1967 in Ankara, Turkey) is a Turkish politician and the current Deputy Prime Minister of Turkey responsible for the Economy. He was previously Minister of Economy in the 58th cabinet from the Justice and Development Party (AK Party). On August 29, 2007, he was named Minister of Foreign Affairs of in the cabinet of re-elected Prime Minister Recep Tayyip Erdogan. Babacan succeeded Abdullah Gul, who became President.
Babacan graduated from Ankara College ranking first among the class of 1985. He attended the Middle East Technical University in Ankara and in 1989 was awarded a BSc in Industrial Engineering with the highest marks. He went to the U.S. on a Fulbright Scholarship to do postgraduate studies and in 1992 received an MBA from the Kellogg School of Management at Northwestern University in Evanston, Illinois, with majors in marketing, organizational behavior and international business.
Babacan worked then for two years as an associate at QRM, Inc. in Chicago, Illinois, a company doing financial consulting to the top executives of major banks in the United States. He returned to Turkey in 1994 and, served as chief advisor to the mayor of Ankara the same year. He was the chairman of his family owned textile company between 1994 and 2002.
He entered politics in 2001 as a co-founder and a Board member of the Justice and Development Party and was elected to parliament as deputy for Ankara on November 3, 2002. He was appointed Minister of Economy on November 18, 2002 and became the youngest member of the cabinet, then at the age of 35.
Babacan had the duty to steer a painful economic reform program, which was backed by multi-billion-dollar IMF loans; with its help Turkish economy achieved a remarkable recovery after two severe crises. He stayed always away from the rough-and-tumble of the Turkish political arena and focused solely on the economic reform, acting rather as a technocrat withou

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Ali Babacan Latest News

Turkish minister says fending off “mini-coup attempt”

Deputy Prime Minister Ali Babacan said the ruling AK Party had in the past survived military coup plots and attempts in the courts to outlaw it. It would not now yield to a corruption investigation he said targeted the government but was already damaging ...
Posted: December 31, 2017, 4:00 am

Turkish banker gets 32-month sentence in Iran sanctions case

A spokesman for Erdogan's government has called the case a "plot against Turkey". Zarrab told the court he learned that Erdogan and then-treasury minister Ali Babacan had signed off on the transaction. The information came, he said, from then economy ...
Posted: May 16, 2018, 12:34 pm

IDB eyes establishment of Islamic Infrastructure Bank in 2016

Ali Babacan, on the bank's structure and business scheme. They agreed to appoint senior officials to formulate a more detailed governance structure over the next six months. Earlier, Vice President Jusuf Kalla expressed his support for the Islamic ...
Posted: May 20, 2016, 6:45 am
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