The figures show that the number of billion dollar companies is
increasing every year. But there is also another striking item of data.
length of time that it takes to become a billion dollar company has
decreased. It now takes an average of 26.5 years to reach this landmark.
But everything changes when the age factor is included.
companies which are 5070 years old it takes an average of 50 years to
reach one billion dollars, while the time falls to 7.6 years for
companies which are less than 15 years old. In other words, younger
companies take shorter to reach the landmark.
Click images to see the table.
say that what has brought these “young and fast” companies to the fore
is their agility, circumstantial factors, globalization and successful
HOW MANY YEARS DOES IT TAKE?
When we look
at the billion dollar companies in Turkey, we see that 72 of those in
the Capital500 list have passed this milestone. But the time taken to
reach it varies.
For example, Şişecam, which was established in
1935 and is one of the oldest companies in Turkey, took 65 years from
its foundation to achieve a turnover of $1 billion. For Diler Demir
Çelik it took 58 years to reach this landmark, while for Türk Traktör
its was 57 years and for Tekfen İnşaat it took 51 years.