TAHA MIKATI • Net Worth $3 Billion • House • Yacht • Private Jet • M1 Group

Name:Taha Mikati
Net Worth:$ 3 billion
Source of Wealth:Investcom, M1 Group
Born:May 8, 1944
Children:3, including Azmi Mikati
Residence:Beirut, Lebanon, London UK
Private Jet:Dassault Falcon 2000 (T7-ONE), Dassault Falcon 8X (T7-MIK)
Yacht:Chopi Chopi

Who is Taha Mikati?

Taha Mikati, born in 1944, is a prominent figure in the global business community and a respected name in the Lebanese economy. He is not just a successful billionaire investor but also a devoted family man, married with three children.

Key Takeaways

  • Taha Mikati, a Lebanese billionaire, co-founded Investcom with his brother Najib, which later became one of the largest telecom providers in Africa and the Middle East.
  • Investcom’s 2005 IPO was the biggest by a Middle Eastern company, raising USD 740 million, and was later sold for USD 5.5 billion to MTN Group.
  • Post-acquisition, the Mikati brothers formed M1 Group, which today is the largest shareholder in MTN and has diversified into real estate, commercial jets, and fashion.
  • Through their Mikati Foundation, Taha and Najib Mikati are active philanthropists, focusing their efforts on improving welfare and potential in the developing world, specifically in the Arab World and Africa.
  • Each brother boasts a personal net worth of $3 billion, bringing the family’s total net worth to an impressive $6 billion.

Launching of Investcom

Taha, together with his brother and former Lebanese Prime Minister Najib Mikati, co-founded the influential telecom group, Investcom. Investcom rapidly rose to prominence, becoming one of the largest telecom providers in Africa and the Middle East, boasting a substantial customer base of 5 million. Operating under the brand name Areeba, the company had a broad reach across countries like Benin, Cyprus, Ghana, Guinea Bissau, Liberia, Sudan, Syria, and Yemen.

Historic IPO and Acquisition

In 2005, Investcom made history with the largest IPO by a Middle Eastern company on the London Stock Exchange, raising an impressive USD 740 million. A year later, the company was bought by the South Africa-based MTN Group for an astounding USD 5.5 billion. This transaction exponentially boosted the Mikati brothers’ wealth, making them the richest individuals in Lebanon.

The Evolution into M1 Group

Post-acquisition, the Mikati brothers ventured into other industries with their holding company M1 Group. Now the largest shareholder in MTN, the M1 Group has expanded its portfolio to include real estate, commercial jets, and fashion, owning the well-known fashion brand Faconnable.

Philanthropy: The Mikati Foundation

Alongside their business pursuits, Taha and Najib Mikati have always prioritized giving back to society. They channel their philanthropic efforts through the Mikati Foundation, aiming to improve the welfare and potential of people in the developing world, particularly those in the Arab World and Africa.

Net Worth of Taha Mikati

It’s estimated that both Taha and Najib Mikati have a personal net worth of $3 billion each, bringing the combined family net worth to a whopping $6 billion.

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Yacht Chopi Chopi Owner

Taha Mikati

Watch this video!

Mikati Yacht Chopi Chopi

He is the owner of the motor yacht Chopi Chopi. His brother Najib Mikati is the owner of the CRN  yacht Mimtee.

Chopi Chopi is the largest superyacht built by CRN and was delivered in 2013.

It offers an extensive list of amenities, including a beach club, gym, massage room, bar, Jacuzzis, and a helicopter platform.

It can accommodate 12 guests in 6 exquisite staterooms and maintains a professional crew of 33 for the best sailing experience.