Taha Mikati’s profile picture

Taha Mikati

Taha Mikati’s profile picture
Net worth 2018: $2.79 Billion
Industry: Telecom
Residence: Beirut, Lebanon
Country: Lebanon
Children: 3
Education: Bachelor of Arts / Science, American University Beirut Lebanon
BIOGRAPHY

Taha Mikati was born in Beirut, Lebanon, Lebanon. Taha Mikati is #846 in List Billionaires People In The World. Taha Mikati founded telecom operator Investcom with his brother, former Lebanese Prime Minister Najib Mikati, during Lebanon's civil war in the 1980s. They later expanded into several African countries before selling their stake in 2006 to MTN Group of South Africa for $3.6 billion in cash and stock. Through their holding company, M1, the brothers still own just under 10% of MTN, one of their most valuable assets. Mikati's son Azmi, a Columbia University engineering grad, runs the day-to-day business. M1 Group has investments in real estate and apparel company Faconnable. In 2012, M1 Group bought a stake in U.K. supermarket chain J Sainsbury.

NET WORTH STATISTIC
2009

$2 Billion

2010

$2.5 Billion

2011

$2.8 Billion

2012

$3 Billion

2013

$3.5 Billion

2014

$3.1 Billion

2015

$3.3 Billion

2016

$2.5 Billion

2017

$2.6 Billion

2018

$2.79 Billion

TIMELINE
Taha Mikati (Arabic: طه ميقاتي) is a Lebanese billionaire businessman, the brother of fellow billionaire Najib Mikati. He is the co-founder of Investcom, the M1 Group and the Mikati Foundation.In 1979, he founded Arabian Construction Company (ACC), headquartered in Abu Dhabi, and one of the largest construction companies in the Middle East. Together with his brother Najib, Taha Mikati founded the Lebanese telecom operator Investcom in the 1980s.
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