Taha Mikati
REAL TIME TOTAL ASSETS– since 5/1/17
$ 2.7 B.
Taha Mikati founded telecom operator Investcom with his bro, previous Lebanese Prime Minister Najib Mikati, during Lebanon’s civil battle in the 1980s. They later expanded right into a number of African countries before marketing their in 2006 to MTN of South Africa for $3.6 billion in money and . Through their holding company, M1, the brothers still own just under 10% of MTN, one of their most important assets. Mikati’s child Azmi, a Columbia College graduate, runs the day-to-day business. M1 Group has financial investments in realty and also clothing firm Faconnable. In 2012, M1 Group bought a stake in U.K. supermarket chain J Sainsbury.
Lebanese billionaire Taha Mikati is the co-founder of Investcom, and has an estimated net worth of $2.7 billion as of April 2016, according to Forbes. According to Forbes, he is the wealthiest person in Lebanon and 384th among the world’s billionaires along with his brother, Prime Minister Najib Mikati.
Together, they founded the company at the height of the civil war in Lebanon in the 1980s, and later expanded into Africa. After IPOs in London and Dubai, the brothers sold their company to MTN Group of South Africa for $5.5 billion in 2006. However, they remained the second largest individual shareholders of MTN ever sinc.
Source:
- Forbes
- therichest