Net Worth: $1.3 B
Age: 77
Source: Telecom
Industries: Telecom
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.