Terence (Terry) Matthews
$1.6B
Born
Apr 01, 1943
Age
82
Source of Wealth
Telecom
Residence
Ottawa,
Citizenship
Canada
Marital Status
Married
Children
4
Education
Doctorate, Carleton College; Bachelor of Arts/Science, University of Wales
- 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.
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