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Terence (Terry) Matthews

Terence (Terry) Matthews

T. Matthews
0.01% | + $0.08M
$1.58 B ₹ 14,351 Cr
Real Time Net Worth #2439 Ranking as of 21 Feb 2026 By Forbes

More on Terence (Terry) Matthews

Gender

Male

Age

82Y

Country

United Kingdom

Born On

June, 1943

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Telecom)

Primary Organization

Wesley Clover International

Titles

Founder & Chairman

Sources of Wealth

Newbridge Networks (Sold), Mitel

Industry

Technology, Telecom, Investments, Venture Capital, Hospitality

About Terence (Terry) Matthews


S ir Terence Matthews is a Welsh-Canadian technology entrepreneur who is one of the most prolific and successful figures in the history of the telecommunications industry. He is renowned for having founded or funded over 100 companies in the high-tech sector. Born in Wales, he co-founded his first major success, Mitel, in 1972 in Canada. Mitel became a global leader in the manufacturing of telephone switchboards (PBX systems). After leaving Mitel, he embarked on his second, and much larger, success.

In 1986, he founded Newbridge Networks, which he built into a dominant global supplier of networking equipment for data and telecommunications networks. In 2000, at the peak of the dot-com bubble, he sold Newbridge to the French telecom giant Alcatel for $7.1 billion, a deal that made him a multi-billionaire and the first billionaire from Wales. He now manages his extensive portfolio of technology investments through his private, Ottawa-based investment firm, Wesley Clover International. He also owns the Celtic Manor Resort in Wales, a luxury hotel and golf course that hosted the 2010 Ryder Cup.

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Quick Reads


  • A prolific tech entrepreneur who has founded or funded over 100 companies.
  • Founder of telecom equipment giants Mitel and Newbridge Networks.
  • Sold Newbridge to Alcatel for $7.1 billion in 2000.
  • He is the first Welsh-born billionaire.
  • Owner of the Celtic Manor Resort in Wales.

Early Life and Background


Sir Terence 'Terry' H. Matthews, O.B.E., is a Welsh-Canadian businessman, the self-made billionaire Founder and Executive Chairman of Wesley Clover International (a technology investment fund) and the Co-founder of Mitel and Newbridge Networks. His career is rooted in elite engineering, telecommunications, and serial entrepreneurial disruption.

Matthews holds a Higher National Diploma (HND) in Electronics from Swansea Technical College. His philosophical approach centers on technological excellence, scale disruption, and long-term commitment to telecom infrastructure and technology (pioneering the digital PBX and telecom equipment model). He is considered a founding father of the Canadian high-tech industry in Ottawa (Silicon Valley North).

  • Wesley Clover International (Founder & Chairman): The core private asset, a major investment fund focused on seed funding and incubating new technology ventures (specializing in telecom, software, and IT).
  • Mitel / Newbridge Networks (Co-founder): His foundational ventures, major global telecommunications equipment companies (Newbridge was sold to Alcatel for $7.1 billion in 2000).
  • Technology Pioneer: His success is built on scale manufacturing and dominating the domestic and international market for telecom switching and networking equipment.
  • Academic Note: He holds an O.B.E. and a Knighthood from the U.K.

Career Journey of Terence (Terry) Matthews


Sir Terence Matthews's strategic genius was his commitment to solving enterprise communication problems. He co-founded Mitel in 1973 (focusing on digital PBX systems). 1986: Newbridge Networks. He founded Newbridge Networks, which specialized in wide area networking (WAN) equipment, and later sold to Alcatel for $7.1 billion in 2000. His structural contribution is immense: pioneering the scale manufacturing and professionalization of the telecom equipment sector globally and driving the growth of Ottawa's high-tech ecosystem.

Following the sales, he founded Wesley Clover International, pivoting to venture creation (funding and incubating numerous startups). His wealth is secured by the colossal liquid gains from his serial telecom exits and the long-term appreciation of his diversified investment portfolio.

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Terence (Terry) Matthews's Timeline


1973:

Co-founds Mitel (Founding 1).

1986:

Founds Newbridge Networks (Founding 2).

2000 (May):

Newbridge Networks is sold to Alcatel for $7.1 billion (Major Exit 1).

2001 (approx.):

Founds Wesley Clover International (Venture Founding).

Ongoing:

Continues as Founder and Executive Chairman of Wesley Clover, guiding the global technology giant (Executive Oversight).

Major Business Ventures and Investments


Terence (Terry) Matthews's wealth is concentrated in the liquid capital generated from the $7.1 billion sale of Newbridge Networks and his private investment fund, Wesley Clover International.

  • Wesley Clover International (Founder & Chairman): The core private asset, a major investment fund focused on seed funding and incubating new technology ventures.
  • Mitel / Newbridge Networks (Co-founder): His foundational ventures (Newbridge was sold to Alcatel for $7.1 billion in 2000).
  • Technology Pioneer: His success is built on scale manufacturing and dominating the domestic and international market for telecom switching and networking equipment.
  • Academic Note: He holds an O.B.E. and a Knighthood from the U.K.

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Philanthropy and Social Impact


Sir Terence Matthews's social impact stems from his companies' roles in providing essential telecom infrastructure that enabled the expansion of global enterprise communications. He is a major benefactor to Welsh and Canadian causes, supporting educational and community development initiatives, particularly those focused on technology and entrepreneurial mentorship in the Ottawa region (Silicon Valley North).

His personal philanthropy supports various community and educational initiatives.

Fashion, Style, and Lifestyle


Sir Terence Matthews maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a pioneer in the global telecom sector.

Residing in Ottawa, Ontario, Canada, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to technology innovation, strategic management, and entrepreneurial mentorship.

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Quotes and Philosophy


“You have to have the confidence to take risks; without risk, you cannot pioneer new technologies.”

Fun Facts & Trivia


  • He is the Founder of Mitel and Newbridge Networks (telecom equipment).
  • He sold Newbridge Networks to Alcatel for $7.1 billion in 2000.
  • He founded Wesley Clover International to incubate new tech startups in Ottawa (Silicon Valley North).
  • He holds a Knighthood from the U.K. for his services to industry.
  • His philosophy emphasizes long-term commitment to telecom technology and scale disruption.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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