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Hamdi Ulukaya

Hamdi Ulukaya

Born 1972 · Age 53

Turkish-Kurdish entrepreneur, founder, chairman and CEO of Chobani; philanthropist focused on refugees, employee ownership and social entrepreneurship. Became a billionaire through the growth of Chobani Greek-style yogurt.

Total Events
51
Career Span
53 years
Peak Net Worth
$2,200,000,000

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Life & Career Timeline

1972Age 0

Born in İliç, Turkey

Born to a Kurdish dairy-farming family in a small village in Erzincan Province; grew up tending sheep, goats and making cheese and yogurt.

10/26/1972Source
Confidence
99%
1990Age 18

Studied political science at Ankara University

Attended Ankara University where he studied political science before moving to the United States.

1/1/1990Source
Confidence
85%
1994Age 22

Moved to the United States to study English at Adelphi University

Emigrated to the U.S. to study English at Adelphi University on Long Island, New York.

1/1/1994Source
Confidence
98%
1997Age 25

Married Ayşe Giray (first marriage, late 1990s)

Brief marriage to Dr. Ayşe Giray during the late 1990s (marriage later ended).

1/1/1997Source
Confidence
80%
1997Age 25

Transferred to University at Albany, SUNY

Moved upstate, transferred to the University at Albany and enrolled in business courses; took a job on an upstate farm.

1/1/1997Source
Confidence
98%
2002Age 30

Founded Euphrates feta cheese plant

Opened a small wholesale feta cheese factory in Johnstown, New York, importing the family's feta; business named Euphrates.

1/1/2002Net Worth: $50,000Source
Confidence
92%
2004Age 32

Euphrates business barely broke even by two-year mark

After two years, the feta venture had just barely broken even, describing the period as the most challenging days of his life.

1/1/2004Net Worth: $50,000Source
Confidence
90%
2005Age 33

Purchased used milk separator for $50,000

Found and negotiated the purchase of a used commercial milk separator in Wisconsin to enable production of strained (Greek-style) yogurt.

1/1/2005Net Worth: $100,000Source
Confidence
94%
2005Age 33

Named the brand 'Chobani'

While picking up the milk separator he conceived the brand name 'Chobani' (from Turkish çoban, shepherd).

1/1/2005Net Worth: $100,000Source
Confidence
95%
2005Age 33

Found yogurt factory for sale (South Edmeston, NY)

Noticed a mailer advertising a fully equipped, defunct yogurt factory (previously Kraft) and toured it the next day.

4/1/2005Net Worth: $75,000Source
Confidence
90%
2005Age 33

Purchased defunct yogurt factory (South Edmeston) and founded Agro Farma

Bought the 84-year-old factory with SBA loan and local grants; initially named Agro Farma and rehired former Kraft employees.

8/1/2005Net Worth: $100,000Source
Confidence
80%
2007Age 35

First shipment of Chobani to grocery store

Shipped first few hundred cases of Chobani to a Long Island grocer; the store reordered the next week.

10/1/2007Net Worth: $200,000Source
Confidence
95%
2009Age 37

Chobani picked up by BJ's and Costco

Major retailers BJ's and Costco began carrying Chobani, helping accelerate distribution and growth.

1/1/2009Net Worth: $400,000Source
Confidence
90%
2010Age 38

Launched CHOmobile sampling truck; large-scale sampling program

Created the CHOmobile and gave away 150,000 full-size containers in its first year; used sampling and social outreach for marketing.

1/1/2010Net Worth: $1,000,000Source
Confidence
90%
2010Age 38

Established Chobani Shepherd's Gift Foundation

Founded Chobani's charitable arm (later Chobani Foundation) to donate 10% of company net profits to charitable causes.

1/1/2010Net Worth: $1,500,000Source
Confidence
95%
2011Age 39

Chobani becomes leading U.S. yogurt brand (by 2011)

Chobani rose quickly to become a leading yogurt brand in the United States.

1/1/2011Net Worth: $50,000,000Source
Confidence
90%
2012Age 40

Chobani surpasses $1 billion in annual sales

Achieved over $1 billion in annual sales less than five years after national launch.

1/1/2012Net Worth: $700,000,000Source
Confidence
93%
2012Age 40

Lawsuit by ex-wife over ownership stake (53% claim)

Ex-wife Dr. Ayşe Giray sued claiming a 53% stake and a $500,000 loan; the suit was paused and later settled for an undisclosed amount.

1/1/2012Net Worth: $650,000,000Source
Confidence
80%
2012Age 40

Named SBA National Entrepreneurial Success of the Year

Chobani recognized by the U.S. Small Business Administration for entrepreneurial success.

1/1/2012Net Worth: $700,000,000Source
Confidence
95%
2012Age 40

Ernst & Young U.S. Entrepreneur Of The Year (Retail & Consumer Products)

Won the U.S. EY Entrepreneur of the Year award for retail and consumer products.

1/1/2012Net Worth: $800,000,000Source
Confidence
95%
2012Age 40

Opened world's largest yogurt factory in Twin Falls, Idaho

Opened a new plant in Twin Falls with a $450 million investment; greatly expanded production capacity.

12/1/2012Net Worth: $200,000,000Source
Confidence
93%
2013Age 41

Tribeca Disruptive Innovation Award and other honors

Received multiple recognitions including Tribeca Disruptive Innovation Awards and Brand Genius Award (Adweek) in 2013.

1/1/2013Net Worth: $950,000,000Source
Confidence
90%
2013Age 41

Named EY World Entrepreneur Of The Year

Recognized as the Ernst & Young World Entrepreneur Of The Year 2013.

6/1/2013Net Worth: $900,000,000Source
Confidence
95%
2014Age 42

Appointed Presidential Ambassador for Global Entrepreneurship (PAGE)

Named by President Barack Obama as an inaugural member of PAGE to encourage entrepreneurship domestically and abroad.

1/1/2014Net Worth: $1,000,000,000Source
Confidence
96%
2014Age 42

Completed major debt financing with TPG ($750M)

Chobani raised approximately $750 million in debt financing from private equity firm TPG (reported 2014); allowed growth and restructuring of capital.

1/1/2014Net Worth: $1,000,000,000Source
Confidence
85%
2014Age 42

Pledged $2 million to UNHCR

Donated $2 million to the United Nations High Commissioner for Refugees to support refugees.

1/1/2014Net Worth: $950,000,000Source
Confidence
95%
2015Age 43

Signed The Giving Pledge; pledged majority of wealth to philanthropy

Signed the Giving Pledge committing to donate the majority of his personal wealth (pledged at the time at least $700M) to help refugees and humanitarian causes.

1/1/2015Net Worth: $1,400,000,000Source
Confidence
82%
2015Age 43

Visited Lesbos to see refugee crisis; launched Tent Foundation

Visited Greek island Lesbos in September 2015 and launched the Tent Foundation to assist refugees and encourage corporate hiring of refugees.

1/1/2015Net Worth: $1,200,000,000Source
Confidence
94%
2015Age 42

Became majority investor in La Colombe Coffee Roasters

Invested to become the majority investor in La Colombe (mid-2015) expanding his consumer brand investments beyond Chobani.

6/1/2015Net Worth: $1,300,000,000Source
Confidence
88%
2016Age 44

Invited to join Special Olympics International Board of Directors

Joined the volunteer international board helping determine Special Olympics global policy.

1/1/2016Net Worth: $1,500,000,000Source
Confidence
92%
2016Age 44

Launched Chobani Food Incubator

Launched an incubator to mentor socially responsible food entrepreneurs; expanded Chobani's mission to support food startups.

1/1/2016Net Worth: $1,450,000,000Source
Confidence
90%
2016Age 43

Announced giving employees 10% of Chobani shares

Surprised employees by announcing he would give them 10% ownership in Chobani, a landmark employee ownership move.

4/26/2016Net Worth: $1,500,000,000Source
Confidence
97%
2017Age 45

Launched Hamdi Ulukaya Initiative (HUG) for Turkish entrepreneurs

Launched HUG in July with a $5 million budget over five years to train and support Turkish entrepreneurs.

1/1/2017Net Worth: $1,650,000,000Source
Confidence
95%
2017Age 45

Named one of Time's 100 Most Influential People

Recognized by Time magazine in its 2017 list of the 100 Most Influential People in the World.

1/1/2017Net Worth: $1,700,000,000Source
Confidence
96%
2017Age 44

Featured on Fast Company cover: leadership profile

Fast Company cover story titled 'How Chobani's Hamdi Ulukaya Is Winning America's Culture War' highlighted his business and philanthropic model.

3/1/2017Net Worth: $1,600,000,000Source
Confidence
93%
2017Age 44

Featured on CBS 60 Minutes segment 'Chief of Chobani'

CBS's 60 Minutes profiled Ulukaya's approach to business and philanthropy, increasing his national profile.

4/9/2017Net Worth: $1,600,000,000Source
Confidence
93%
2018Age 46

Received Honorary Doctorates (multiple institutions)

Awarded honorary Ph.Ds including University at Albany (2014 earlier) and additional honorary degrees through 2018–2019.

1/1/2018Net Worth: $1,700,000,000Source
Confidence
90%
2018Age 46

Featured on Ellen and Good Morning America; 10th anniversary nationwide give-away

Appeared on national TV to announce Chobani's 10th-anniversary celebration giving a Chobani to every person in America and philanthropic activities.

1/1/2018Net Worth: $1,750,000,000Source
Confidence
92%
2018Age 46

Hoopp Capital Partners (Healthcare of Ontario Pension Plan) buys 20% stake; TPG exit

Chobani cut ties with TPG and brought in Hoopp as a long-term investor with a reported 20% position; terms undisclosed.

1/1/2018Net Worth: $1,700,000,000Source
Confidence
78%
2019Age 47

Gave TED Talk 'The anti-CEO playbook' (Vancouver)

Delivered a TED Talk on the main stage about his 'anti-CEO' approach prioritizing employees and purpose.

1/1/2019Net Worth: $1,800,000,000Source
Confidence
94%
2019Age 47

Paid $77,000 to clear Warwick School District student lunch debt

Covered $77,000 of outstanding school lunch debt for a Rhode Island school district to prevent 'lunch shaming'.

1/1/2019Net Worth: $1,750,000,000Source
Confidence
96%
2019Age 47

Multiple awards (2019): Oslo Business for Peace, Global Citizen Prize, ADL Courage Against Hate

Received several major awards in 2019 recognizing business leadership and humanitarian work.

1/1/2019Net Worth: $1,850,000,000Source
Confidence
95%
2021Age 48

Raised Chobani starting wage to at least $15/hour

Chobani increased its starting wage to $15 per hour in spring 2021, citing belief that higher wages benefit business.

1/1/2021Net Worth: $1,900,000,000Source
Confidence
95%
2022Age 49

Appointed UN SDG Advocate by UN Secretary-General

United Nations Secretary-General António Guterres appointed him as an additional advocate for the Sustainable Development Goals (July 2022).

7/1/2022Net Worth: $2,050,000,000Source
Confidence
96%
2022Age 50

Forbes net worth estimate: US$2.1 billion

Forbes reported Hamdi Ulukaya's net worth as approximately US$2.1 billion (October 2022).

10/1/2022Net Worth: $2,100,000,000Source
Confidence
98%
2023Age 51

Pledged $2 million to 2023 Turkey–Syria earthquake relief

Pledged $2 million to aid relief efforts following the devastating 2023 Turkey–Syria earthquake.

1/1/2023Net Worth: $2,050,000,000Source
Confidence
95%
2023Age 50

Chobani revenue and employment scale (approx.)

Chobani reported approximately $2 billion in revenue (reported estimates 2023) and employed over 2,000 people in the U.S.

1/1/2023Net Worth: $2,100,000,000Source
Confidence
88%
2023Age 50

Acquired Anchor Brewing

Acquired historic Anchor Brewing (announced in news: purchase completed in June 2023) as a separate acquisition from Chobani.

6/1/2023Net Worth: $2,100,000,000Source
Confidence
80%
2024Age 51

Chobani withdraws IPO plans (postponed) to retain independence

Company twice-postponed plans for an IPO and withdrew plans (reported by CFI/Forbes) citing market conditions, choosing to remain independent.

1/1/2024Net Worth: $2,200,000,000Source
Confidence
75%
2024Age 52

Plans to invest $1.2B in new New York dairy and $500M in Idaho expansion

Forbes (Oct 2024) reported Ulukaya planning $1.2B investment in a state-of-the-art New York dairy and committing another $500M for Idaho expansion.

10/1/2024Net Worth: $2,200,000,000Source
Confidence
78%
2025Age 52

Reported sponsorship of Fenerbahçe football club

Reportedly became jersey and stadium name sponsor of Fenerbahçe A-team, paying around €20M annually (reported; negotiations/news 2025).

1/1/2025Net Worth: $2,100,000,000Source
Confidence
45%

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