Demir Sabancı a member of the Sabancı family

Sabanci family

The Sabancı family is a dynasty of Turkish businesspeople founded by Hacı Ömer Sabancı, a self-made wealthy trader. Some second and third generation members of the family control today Turkey’s largest and prestigious group of companies, established mostly by the efforts of his son Sakıp Sabancı...

 in third generation, is a Turkish

Turkish people

Turkish people, also known as the "Turks" , are an ethnic group primarily living in Turkey and in the former lands of the Ottoman Empire where Turkish minorities had been established in Bulgaria, Cyprus, Bosnia and Herzegovina, Georgia, Greece, Kosovo, Macedonia, and Romania...

 businessman and entrepreneur

Entrepreneur

An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative.The term was originally a loanword from French and was first defined by the Irish-French economist Richard Cantillon. Entrepreneur in English is a term applied to a person who is willing to...

.

He was born in year 1971http://www.habervitrini.com/haber.asp?id=161822 as the son of Özdemir Sabancı

Özdemir Sabanci

Özdemir Sabancı was a Turkish businessman and a second generation member of the Sabancı family.-Biography:He was born in Adana, Turkey. After finishing the high school at the Tarsus American College in Tarsus, province Mersin, he received his B.A...

, who was murdered by a terrorist attack in 1996 in the building of headquarters of Sabancı Holding

Sabanci Holding

Hacı Ömer Sabancı Holding A.Ş., abbreviated as Sabancı Holding, is the largest industrial and financial conglomerate in Turkey by profit. The holding is owned at about 75% by the Sabancı family, one of Turkey's wealthiest. 3% is owned by the Sabancı University and the Sabancı Foundation. The...

 in İstanbul

Istanbul

Istanbul , historically known as Byzantium and Constantinople , is the largest city of Turkey. Istanbul metropolitan province had 13.26 million people living in it as of December, 2010, which is 18% of Turkey's population and the 3rd largest metropolitan area in Europe after London and...

, Turkey

Turkey

Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...

. After finishing the high school at Tarsus American College

Tarsus American College

-Overview:Tarsus American College or Tarsus American School is a private coeducational high school located in Tarsus, province Mersin, Turkey.It is known for the success of its alumni throughout the world...

 in Tarsus

Tarsus (city)

Tarsus is a historic city in south-central Turkey, 20 km inland from the Mediterranean Sea. It is part of the Adana-Mersin Metropolitan Area, the fourth-largest metropolitan area in Turkey with a population of 2.75 million...

, province Mersin

Mersin Province

The Mersin Province is a province in southern Turkey, on the Mediterranean coast between Antalya and Adana. The provincial capital is the city of Mersin and the other major town is Tarsus, birthplace of St Paul...

 in 1989, he earned a bachelor's degree

Bachelor's degree

A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...

 in Economics and Business Administration from Boston University

Boston University

Boston University is a private research university located in Boston, Massachusetts. With more than 4,000 faculty members and more than 31,000 students, Boston University is one of the largest private universities in the United States and one of Boston's largest employers...

, Massachusetts

Massachusetts

The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...

, USA and attained his master’s degree at Cornell University

Cornell University

Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...

, New York

New York

New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

. He married in 2002 his schoolmate at Cornell University, Aslıhan Koruyan, a beauty contestant and the Turkish delegate to Miss World

Miss World

The Miss World pageant is the oldest surviving major international beauty pageant. It was created in the United Kingdom by Eric Morley in 1951...

 in 1991.

After completion of his education, Demir Sabancı went to Japan

Japan

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

, where he worked a long time in Mitsui

Mitsui

is one of the largest corporate conglomerates in Japan and one of the largest publicly traded companies in the world.-History:Founded by Mitsui Takatoshi , who was the fourth son of a shopkeeper in Matsusaka, in what is now today's Mie prefecture...

 and Toyota Motor Corporation

Toyota Motor Corporation

, , , commonly known simply as Toyota and abbreviated as TMC, is a multinational automaker headquartered in Toyota, Aichi, Japan. In 2010, Toyota Motor Corporation employed 317,734 people worldwide, and was the world's largest automobile manufacturer by production.The company was founded by...

. Returned home, he became general manager of the electronics retail chain TeknoSA, which was newly founded by his family. Later, he was appointed board member of the Sabancı Holding

Sabanci Holding

Hacı Ömer Sabancı Holding A.Ş., abbreviated as Sabancı Holding, is the largest industrial and financial conglomerate in Turkey by profit. The holding is owned at about 75% by the Sabancı family, one of Turkey's wealthiest. 3% is owned by the Sabancı University and the Sabancı Foundation. The...

, and became finally head of the retail group in 2002.

Demir Sabancı resigned in August 2004 from his post at the Sabancı Holding following a dissension on allocation of positions in the board of directors with Güler Sabancı

Güler Sabanci

Güler Sabancı is a third-generation female member of the renowned Sabancı family, and currently the chairperson of the family-controlled Sabancı Holding, the second-biggest industrial and financial conglomerate of Turkey.-Biography:...

, who was elected chairperson after the death of Sakıp Sabancı

Sakip Sabanci

Sakıp Sabancı was a prominent Turkish business tycoon and philanthropist.Born as the second son of a cotton trader, he worked in all the ranks of his father's business without completing high school. He was the head of Turkey's largest business conglomerate and 147th richest man on the Forbes list...

. Instead, his sister Serra Sabancı was admitted to the board. Within one year, Demir completely broke his ties with family controlled business, selling the 6.2% share in his possession worth of US$318 million at international funds markets in 2005.