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

Armenian Genocide Denier Hosted By LAWAC

Around 200 people gathered in front of the Intercontinental Hotel in Los Angeles Monday evening to protest the L.A. World Affairs Council's (LAWAC) decision to host the Deputy Prime Minister of Turkey Ali ... Babacan is a lifetime denier of the Armenian ...
Posted: October 20, 2013, 9:22 pm

Greece casts long shadow at G20 summit

Deputy Prime Minister Ali Babacan said Turkey - G20 chair for 2015 - preferred to set binding national investment targets but it appeared to be struggling to win support. "Would all international countries be committed? ... We don't know yet," Babacan said ...
Posted: February 9, 2015, 5:24 am

US and Turkey Vow to Jointly Fight Islamic State Financing

Istanbul: US Treasury Secretary Jack Lew and Turkish Deputy Prime Minister Ali Babacan asserted a strong joint commitment to combat financial networks supporting Islamic State militants at a G20 summit in Istanbul, a US Treasury spokesperson said today.
Posted: February 10, 2015, 11:40 am

Turkey: Relations with Israel important, reparable

Turkish Deputy Prime Minister Ali Babacan told an Israeli journalist over the weekend that years of diplomatic tension between Israel and Turkey could be resolved through continued talks. Discussions between Israeli and Turkish officials should continue in ...
Posted: December 15, 2013, 1:17 am

Turkey’s economic policy-makers: should they stay or should they go?

The second is how long the status quo of current economic policy-making will last. To be clear: people like Basci and his childhood friend deputy prime minister Ali Babacan appear to see their job as “damage control”. Basci said as much in a speech ...
Posted: February 26, 2015, 6:57 am
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