Taha Mikati
$3.3B
Born
Jan 01, 1945
Age
80
Source of Wealth
Telecom
Residence
Beirut,
Citizenship
Lebanon
Marital Status
Married
Children
3
Education
Bachelor of Arts/Science, American University of Beirut, Lebanon
- Taha Mikati cofounded Beirut-based holding company M1 Group.
- Its investments include stakes in South African telecom firm MTN, fashion retailer Pepe Jeans and prime real estate in New York, London and Monaco.
- Mikati and his billionaire brother Najib founded Investcom in 1982, selling satellite phones at the height of Lebanon's civil war.
- They expanded into Africa where they built cellphone towers in Ghana, Liberia and Benin, among other countries.
- In 2005, Investcom went public on the London Stock Exchange, and in 2009, South Africa's MTN bought the Mikatis' stake for $3.6 billion.
- Mikati bought a bunch of satellite phones and sold them to friends and associates in Beirut in the early 80s for $50,000 apiece.
- Mikati's son Azmi is the CEO of M1 Group.
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