Taha Mikati

About Taha Mikati

Birth Place: Beirut, Lebanon, Lebanon
Occupation: Co-founder of Investcom, founder and chairman of M1 Group

Taha Mikati Net Worth

Taha Mikati was born in Beirut, Lebanon, Lebanon. 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.
Taha Mikati is a member of Telecom

💰 Net worth: $2.6 Billion (Updated at 22 June 2018)

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

Biography/Timeline

1979

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.