Ahmet Muhtar Kent or better known as the Coca-Cola CEO is a Turkish born businessman. He has been the CEO of Coca-Cola for three years at a stretch ad this was the highest achievement point in his life. He even became the chairman of the board within a year of being appointed as the CEO. Let’s find out more about the net worth of Muhtar Kent in 2019 in the following article.
Early life and Biography
Born in the year 1952, Kent grew up in New York City. Kent’s father was a high profile officer himself, being the consultant general of Turkey. Kent completed his high school studies from Tarsus American College and then later went to London to complete his studies in the University of Hull. He even earned his MBA degree from a London Business School called, “Cass Business School”.
Kent got married to Defne Ltitem in the year 1979. The whole wedding took place in Istanbul, Turkey. Both of them have a daughter Seline Kent who at present is venturing into the high-end jewellery business.
Career, Awards and Nominations
Kent started his career in the late seventies. He was in his mid-twenties when he got himself a job in the Coca-Cola Company. He landed a job after seeing an advertisement on paper. His primary job was to tour the entire country with bulks of Coca-Cola to sell. In this process, he learned about the marketing, distribution and logistics systems of the trade.
Within a few years, Kent got a promotion and became the general manager of Coca-Cola Turkey and even Asia. He was also transferred from Izmir to the central position of Istanbul. Within a span of three years, he was appointed as the President of the East Central Europe division. At this stage, he had the responsibility to look after the sales in 23 countries. He served this post till the year 1995 in Vienna.
Muhtar Kent then was promoted to become the managing director of Coca-Cola Amatil Europe division. Within two years his turnover increased more than 50 per cent, and his work included bottling operations in 12 European countries.
In the year, 1999, Kent left the Coca-Cola Company after a period of 20 years working in it. He joined a separate beverage company in Turkey. Later after six years, he again joined Coca-Cola and this time as the President and CEO of the brand’s Middle Eastern, Eurasia and North Asia region. He eventually became the CEO of the company in the year 2008. He later became the chairman of the board. Muhtar Kent is also the co-chair of the Consumer Goods Forum. He has received numerous prestigious awards and accolades including a degree from Georgia Institute of Technology.
Net Worth and Earnings
As the Coca-Cola CEO, Kent earned $25 million every year. However, the pay scale reduced later with him earning $14.6 million every year now. Every year, Kent’s pay scale changes and this shifts his net worth as well. As of now, his estimated net worth is at around $150 million.
Muhtar Kent has been working in the Coca-Cola Company ever since he started his career. He escalated to his current position by working day and night for the brand.