The Liberal Democratic Party (Turkish: Liberal Demokrat Parti, LDP) is a classical liberal party in Turkey. LDP was founded in 1994 as “Liberal Parti” by Turkish entrepreneur Besim Tibuk. Tibuk was the advisor of Turkish President Turgut Özal until Özal died on 17 April 1993. After the death of Turgut Özal, Besim Tibuk decided to found a new party to emphasize the liberal movement in Turkey. Tibuk first founded the party as Liberal Party but then changed its name to "Liberal Democratic Party".