Cancer. Lost my old man to it in 2023 and seeing this today just brought it all back. We had a Vestel telly growing up, cheap and it just worked. 82 is no age when it's that.
Their story
Ahmet Nazif Zorlu (28 August 1944 to 2 November 2026) was a Turkish industrialist who turned a small family weaving business from Babadağ, Denizli into Zorlu Holding, one of Turkey's largest conglomerates. Best known as the man who bought the struggling electronics maker Vestel in 1994 and built it into…
Ahmet Nazif Zorlu (28 August 1944 to 2 November 2026) was a Turkish industrialist who turned a small family weaving business from Babadağ, Denizli into Zorlu Holding, one of Turkey's largest conglomerates. Best known as the man who bought the struggling electronics maker Vestel in 1994 and built it into one of Europe's biggest producers of televisions and home appliances, he chaired Zorlu Holding until his death at 82 in an Istanbul hospital after cancer treatment.
Zorlu was born in Babadağ, a weaving town in Denizli province, to Hacı Mehmet Zorlu and Saide Zorlu. In 1953 his father founded the business that became the Zorlu Group with two hand looms, producing bed sheets. Ahmet attended Gazi primary school in İzmir, and Euromoney later described him as a primary school graduate who made his fortune in textiles. At 15 he left for Trabzon on the Black Sea coast. He recalled arriving at midnight on New Year's Eve 1959 with his uncle, renting a small shop in the Kemeraltı Terziler Sokağı area the next morning and selling the sheets his family made in Denizli. Locals nicknamed him "Gari", and he later said he learned "everything about trade" in Trabzon, which he called his second home.
In the 1960s Ahmet and his elder brother Zeki Zorlu expanded the retail side of the family business, opening stores in Trabzon and then Istanbul. Ahmet settled in Istanbul, and in 1970 he moved the company's headquarters there. Spotting a gap in the market for printed bed linen, he launched the TAÇ brand in 1973, producing Turkey's first 220 cm wide printed duvet covers and sheets. That same year he made the business's first export sale. In 1976 the brothers founded Korteks in Bursa, the group's first manufacturing company, which grew after 1982 into a weaving, curtain and polyester yarn operation in the Bursa Organized Industrial Zone. In 1990 he brought all the businesses together as Zorlu Holding, and in 1993 the group founded Zorlu Enerji to power its textile mills.
The defining deal of his career came in 1994, when he bought Vestel from the administrators of the collapsed British group Polly Peck. Euromoney reported that he paid less than 10 million dollars for a controlling stake. Zorlu later said he had bought the company "from the funeral stone", meaning the company was all but dead. Under his ownership Vestel built Vestel City in Manisa, one of Europe's largest manufacturing complexes, and became Turkey's export champion in its sector for decades. Vestel produced its 100 millionth television in 2010.
He kept diversifying. The group bought DenizBank in 1997 and sold it to Dexia in 2006, built Zorlu Linens, entered defence electronics through Vestel Savunma in 2003 (its mini drone Karayel first flew in 2005), and invested in geothermal and solar power, electricity distribution, nickel and cobalt mining through Meta Nikel, electric vehicle charging and the national car company Togg. In 2007 he paid 800 million dollars for the former Highways Directorate land in Zincirlikuyu, Istanbul, where Zorlu Center opened in 2013 with a shopping mall, residences, offices, the Raffles hotel and the Zorlu Performing Arts Center (Zorlu PSM). "My dream was to create a whole district, five in one place," he said on opening day.
In 1999 he founded the Mehmet Zorlu Foundation, named after his father, which funds scholarships, education, culture and health work. He was a member of DEİK, TÜSİAD, TETSİAD, DENBİR and BASİAD. Spain awarded him its Order of Civil Merit in 2007, and the Turkish Grand National Assembly gave him its Outstanding Service Award in 2009. Forbes listed him as a billionaire for years; Forbes Türkiye ranked him 35th among Turkey's richest people in 2025 with an estimated 950 million dollars.
His final years were marked by financial strain at the group. Vestel cut thousands of jobs as European demand weakened, and in 2026 Zorlu Holding applied to restructure part of a debt load of about 4 billion dollars. Zorlu called it a planned step toward a healthier financial structure.
Zorlu was married to Zülal Zorlu and had three children, Mehmet Emre Zorlu, Şule Zorlu and Selen Zorlu Melik, all of whom served on the holding's board. He had been treated for cancer for some time, was moved to intensive care at an Istanbul hospital on 31 October 2026, and died there on the evening of 2 November 2026. Zorlu Holding remembered him by the motto he lived by: "My country first, then my company, then my family." His funeral prayers are scheduled for 4 November 2026 at Levent Barbaros Hayrettin Paşa Mosque, followed by burial in the family plot at Zincirlikuyu Cemetery. At his request, mourners were asked to donate to a civil society organisation instead of sending wreaths.
Biography adapted from Zorlu Holding statement and corporate history; Sözcü, T24, NTV, Diken (2 Nov 2026); Forbes; Euromoney; Milliyet (2013); Sabah (2017); İhlas News Agency (2022); Türkiye Today (2026); Wikipedia. Wikipedia ↗
In their own words
“My country first, then my company, then my family. (Önce ülkem, sonra kurumum, sonra ailem.)”
His guiding motto, quoted by Zorlu Holding in its statement on his death, 2 November 2026
“I bought Vestel from the funeral stone. (Vestel'i musalla taşından aldım.)”
On the 1994 Vestel purchase, Sabah column by Şelale Kadak, 2017 (translated)
“My dream was to create a district with five in one place. There is no project like this in the world.”
On the opening day of Zorlu Center, Milliyet, 11 October 2013 (translated)
“I am a businessman. When I see a benefit, if it will grow Vestel, if it will turn one into three, why would I not take a partner?”
Interview with Milliyet on possible Vestel partnerships (translated)
“My youth, ten years between the ages of 15 and 25, was spent here. This is my second home. I learned everything about trade here.”
Visiting his first shop in Trabzon, İhlas News Agency, January 2022 (translated)
“This is a planned step to establish a healthier financial structure and further strengthen our operations.”
On Zorlu Holding's debt restructuring application, June 2026

Sorry for your loss mate, it never really leaves you