Private company

Türkiye Wealth Fund

Logo: Türkiye Varlık Fonu, Public domain, via Wikimedia Commons3

Sovereign wealth fund of Turkey

The Türkiye Wealth Fund (TWF; Turkish: Türkiye Varlık Fonu, TVF) is the sovereign wealth fund of Türkiye. It was established on 26 August 2016 under Law No.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

2016Founded1

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The Türkiye Wealth Fund (TWF; Turkish: Türkiye Varlık Fonu, TVF) is the sovereign wealth fund of Türkiye. It was established on 26 August 2016 under Law No.2

Corporate structure

Türkiye Wealth Fund sits at the top of its group. 71 entities, 10 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Türkiye Wealth Fund
    • Ab Etiproducts Oy Subsidiary · Eskişehir
    • Borsa Istanbul Subsidiary · İstanbul, Turkey
      • Borsa Istanbul - Debt Securities Market Subsidiary · Turkey
      • Borsa Istanbul - Equity Market Subsidiary · Turkey
      • Borsa Istanbul - Futures And Options Market Subsidiary · Turkey
      • Borsa Istanbul - Precious Metals And Diamonds Markets Subsidiary · Turkey
      • İstanbul Takas ve Saklama Bankası Anonim Şirketi Subsidiary · Istanbul, Turkey
      • MERKEZİ KAYIT KURULUŞU ANONİM ŞİRKETİ Subsidiary · Istanbul, Turkey
    • BOTAŞ Subsidiary · Ankara
    • Halkbank Subsidiary · Ankara
      • Halkbank SC Subsidiary · Ankara Province, Turkey
    • Kardemir Subsidiary · Karabük, Turkey
      • Karabük Kardemir Iron-Steel Museum Subsidiary · Karabük, Turkey
    • PTT Subsidiary · Ankara
      • Istanbul Postal Museum Subsidiary · Istanbul Province, Turkey
    • Turkcell Subsidiary · İstanbul, Turkey
      • Kuzey Kibris Turkcell Subsidiary · North Nicosia
      • Life:) Belarus Subsidiary
      • Lifecell Turkey Subsidiary
      • Lifecell Ventures B.V. Subsidiary · 100% · Amsterdam, Netherlands
      • GLOBAL BİLGİ PAZARLAMA DANIŞMANLIK VE ÇAĞRI SERVİSİ HİZMETLERİ ANONİM ŞİRKETİ Subsidiary · Istanbul, Turkey
      • KIBRIS MOBİLE TELEKOMÜNİKASYON LİMİTED Subsidiary · Lefkoşa, Cyprus
      • KULE HİZMET VE İŞLETMECİLİK ANONİM ŞİRKETİ Subsidiary · Istanbul, Turkey
      • Superonline İletişim Hizmetleri Anonim Şirketi Subsidiary · İstanbul, Turkey
      • Turkcell Gayrimenkul Hizmetleri Anonim Şirketi Subsidiary · Istanbul, Turkey
      • TURKCELL TEKNOLOJİ ARAŞTIRMA VE GELİŞTİRME ANONİM ŞİRKETİ Subsidiary · Istanbul, Turkey
      • TURKTELL BİLİŞİM SERVİSLERİ ANONİM ŞİRKETİ Subsidiary · Istanbul, Turkey
        • TDC VERİ HİZMETLERİ ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
    • Turkish Petroleum Corporation Subsidiary · Ankara
    • Türk Telekom Subsidiary · Ankara, Turkey
      • Avea Subsidiary · İstanbul
      • TTNET Subsidiary · Istanbul
      • İNNOVA BİLİŞİM ÇÖZÜMLERİ ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • TT FİNANSMAN ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • TT MOBİL İLETİŞİM HİZMETLERİ ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • TT VARLIK KİRALAMA ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • TTES ELEKTRİK TEDARİK SATIŞ ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • Turk Telekom International HU Korlatolt Felelossegu Tarsasag Subsidiary · Budaörs, Hungary
    • Türkiye Hayat Emeklilik Subsidiary
    • Türkiye Sigorta Subsidiary · Şişli, Turkey
    • Türksat Subsidiary · Gölbaşı
    • VakıfBank Subsidiary · İstanbul, Turkey
      • VakıfBank Kültür Yayınları Subsidiary
      • VAKIF FAKTORİNG ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • VAKIF FİNANSAL KİRALAMA ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • VAKIF GAYRİMENKUL YATIRIM ORTAKLIĞI ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • VAKIF YATIRIM MENKUL DEĞERLER ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • VakifBank International AG Subsidiary · Wien, Austria
        • VAKIFBANK International AG Magyarországi Fióktelepe Branch · Wien, Austria
        • VakifBank International AG, Wien, Zweigniederlassung Deutschland Branch · Wien, Austria
      • TURKIYE VAKIFLAR BK NY BR Branch · İstanbul, Turkey
    • Ziraat Bank Subsidiary · Ankara
    • Çaykur Subsidiary · Rize
    • Turkish Airlines Stake · 49.12% · İstanbul, Turkey
      • SunExpress Subsidiary · 50% · Muratpaşa
      • Air Albania Subsidiary · Tirana
      • AJet Subsidiary · Ankara
      • North Cyprus Airlines Subsidiary
      • TGS Yer Hizmetleri Subsidiary · Istanbul, Turkey
      • Turkish Cargo Subsidiary
      • AJET HAVA TAŞIMACILIĞI ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • THY Aydin Çildir Havaalani Isletme A.S. Subsidiary · Turkey
      • THY Opet Havacilik Yakitlari A.S. Subsidiary · Turkey
      • THY OPET HAVACILIK YAKITLARI ANONİM ŞİRKETİ Subsidiary · İstanbul, Turkey
      • Turkish Airlines Inc., Japan Branch Subsidiary · Japan
      • TURKISH DO&CO Subsidiary · Turkey
      • Turkish Opet Aviation Fuels Co Subsidiary · Turkey
    • Port of İzmir Owned · Konak, Turkey

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Türkiye Wealth Fund reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

Leadership

Who has led Türkiye Wealth Fund, and when. Pick a name to see everywhere that person has worked.

Chair

  1. Recep Tayyip Erdoğan2018–now
20202025

Subsidiaries and ownership

Subsidiaries

Also owns

From Wikidata.1

Timeline

  1. 2016Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3