Terence (Terry) Matthews
Ottawa, Canada
Bachelor of Arts/Science, University of Wales | Doctorate, Carleton College
Canada
telecom, Self Made
$1,200,000,000
1818
#1818 Billionaires 2019
A dual-UK Canadian citizen, Terence (Terry) Matthews made his fortune with telecom firms Mitel and Newbridge Networks.In December 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 UK 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.Matthews is a backer of a tidal lagoon project at Swansea Bay in Wales, which will produce clean energy as water levels fluctuate.
76
4
Add a review