Fahrettin Altun dismissed from duty, his son reaches the summit of the business world: A major leap in 3 years!
The rapid rise in the business life of Mustafa Bilge Altun, son of Fahrettin Altun, who has come to the fore with a change in duty, has sparked debate. Altun, who founded a company with a capital of 500 thousand TL at just 20 years old, increased his capital to 210 million TL in just three years.
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With the decision published in the Official Gazette on July 10, 2025, Fahrettin Altun, who had been serving as the Presidential Communications Director since 2018, was dismissed. While Altun was appointed as the head of the Human Rights and Equality Institution of Turkey, this change was interpreted as a "purge" in government circles.
However, what has truly occupied the agenda is the incredible rise of his 24-year-old son, Mustafa Bilge Altun.
FOUNDED A COMPANY AT 20, FORTUNE MULTIPLIED IN 3 YEARS
According to the report by journalist Timur Soykan, Mustafa Bilge Altun founded MBA Software Automotive Agriculture Industry Trade Limited Company in 2021 when he was just 20 years old.
It drew attention that Altun, who was a Geomatics Engineering student at Istanbul Technical University at the time, turned to the agricultural sector, which was unrelated to his field. The company's founding capital was only 500 thousand TL.
In 2022, the capital was increased to 9 million TL. In 2023, the company moved to Kocaeli-Izmit and the capital was raised to 67 million 700 thousand TL. With a new increase made on June 27, 2024, the capital reached 210 million TL. Moreover, the entire capital appears to belong to Altun.
In short, the company, which was founded during the period when Fahrettin Altun was the Communications Director, recorded an incredible growth in three years.
According to information on its official website, MBA Agriculture is making major investments in the field of agriculture.
It has 120 thousand m² of tomato greenhouses and 50 thousand m² of banana greenhouses in Serik, Antalya.
It holds 40 thousand m² of blueberry land in Karamürsel, Kocaeli, 120 thousand m² in Sandıklı, Afyonkarahisar, and 180 thousand m² in Tarsus, Mersin.
Additionally, it operates a 300 thousand m² walnut orchard in Karamürsel.
It is alleged that the company purchased some of its lands, particularly in Karamürsel, while some were leased from the treasury.
MBA Agriculture also establishes packaging facilities and sells its products to major chain markets under the "Gala Fresh" brand. Information shared on LinkedIn indicates that the company has between 201-500 employees.