Rank #2538
Terence (Terry) Matthews
Net worth $1.6B
Telecom · Canada
- Born
- Apr 01, 1943
- Age
- 83
- Source
- Telecom
- Residence
- Ottawa
- Citizenship
- Canada
- Marital status
- Married
- Children
- 4
- Education
- Doctorate, Carleton College; Bachelor of Arts/Science, University of Wales
Net worth over time
Biography
- A dual U.K. and Canadian citizen, Terence (Terry) Matthews made his fortune with telecom firms Mitel and Newbridge Networks.
- In 2018, he left his chairman role at Mitel, the company he co-founded with Michael Cowpland, after it was acquired for $2 billion.
- In 1986, Matthews founded data networking business Newbridge Networks before selling it to Alcatel in 2000 for $7.1 billion.
- He claims to have funded or founded more than 100 companies, many through his Ottawa-based investment firm Wesley Clover.
- A resident of Canada, his U.K. property portfolio includes Celtic Manor Resort, which hosted the 2010 Ryder Cup and 2014 NATO Summit.
- Matthews was knighted by Queen Elizabeth in 2001; the honor created a diplomatic incident in Canada, which does not allow its citizens to accept foreign titles.
Financial assets
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