Age, Biography and Wiki

Terry Matthews was born on 6 June, 1943 in Newport, Wales, is a Welsh-Canadian billionaire. Discover Terry Matthews's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 80 years old?

Popular As N/A
Occupation Chairman of Wesley Clover
Age 80 years old
Zodiac Sign Gemini
Born 6 June 1943
Birthday 6 June
Birthplace Newport, Wales
Nationality Welsh

We recommend you to check the complete list of Famous People born on 6 June. He is a member of famous Chairman with the age 80 years old group.

Terry Matthews Height, Weight & Measurements

At 80 years old, Terry Matthews height not available right now. We will update Terry Matthews's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Terry Matthews's Wife?

His wife is Ann Matthews

Family
Parents Not Available
Wife Ann Matthews
Sibling Not Available
Children 4, including Trevor Matthews

Terry Matthews Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Terry Matthews worth at the age of 80 years old? Terry Matthews’s income source is mostly from being a successful Chairman. He is from Welsh. We have estimated Terry Matthews's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Chairman

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Timeline

1943

Sir Terence Hedley Matthews (born 6 June 1943) is a Welsh-Canadian business magnate, serial high-tech entrepreneur, and Wales' first billionaire.

1969

He studied at Swansea University and received a bachelor's degree in Electronics in 1969.

After an apprenticeship at British Telecom's research lab at Martlesham Heath, Matthews left Britain and joined MicroSystems International, a chipmaking operation affiliated with Northern Telecom (which became Nortel Networks) in Ottawa, Ontario, Canada.

1972

Matthews' first enterprise was started in collaboration with fellow Briton and Microsystems employee Michael Cowpland in 1972.

To raise seed money for future enterprises they had planned, the pair intended to import and sell electric lawnmowers built in the UK.

Conventionally, and from accounts by Matthews, the name Mitel is thought to be a contraction of "Mike and Terry Lawnmowers".

However, Cowpland is quoted as saying that it stands for "Mike and Terry ELectronics".

This first endeavour was a fiasco; the shipping company carrying the first batch lost the container.

When the lawnmowers finally arrived, the ground was covered with snow in the Canadian winter and no one would buy them.

Matthews later said "That taught me a key lesson – the importance of timing. The shipping company lost the lawnmowers! By the time they showed up no-one wanted them, as you can't cut grass when it's covered with snow."

Mitel became a technology consultancy company run from home to the various companies around Ottawa's emerging high-tech district.

Mitel's clients included the National Research Council, the Communications Research Centre, and a handful of pioneering start-ups including SHL Systemhouse, which was later purchased by EDS and now is part of HP and Quasar Systems (now Cognos).

Obtaining funding from a $4,000 bank loan, as well as from their own savings and a group of angel investors (notably Kent Plumley), the two developed a telephony DTMF tone receiver based on Cowpland's PhD thesis.

This was a major advance in the technology, since they were able to sell receivers at a fraction of the cost of competing versions, while gaining returns of 1000%.

Additionally, Mitel later became a chip manufacturer with the acquisition of the Silek foundry in Bromont, Quebec.

Later, the pair realized that the then-new technology of microprocessors and other semiconductor devices would make a similar change in the market for small PBXs.

The SX200 PBX launched to immense success, being cheaper to purchase, quicker to install and far more functional.

1981

Mitel became one of the more successful manufacturers of small PBX systems and telecom semiconductors in the world, floating on the New York Stock Exchange in 1981.

1985

In 1985, British Telecom bought a controlling interest in Mitel.

Cowpland would later form the company that became Corel, and Matthews later founded Newbridge Networks.

1986

In 1986, Matthews drove Newbridge to become a leader in the worldwide data networking industry, manufacturing data communications products, especially ATM devices and routers.

2000

In 2000 the company employed more than 6,500 employees with recorded FY 1999 revenue of $1.8 billion.

Later in 2000, Newbridge was acquired by Alcatel for $7.1 billion.

Matthews' personal stake in Newbridge was valued at over a billion dollars, and as a result of the transaction he became the largest single shareholder in Alcatel.

In 2000, he reacquired the Mitel PBX business and company name, taking it private.

2006

He has invested heavily ($600 million by 2006) in Mitel to turn it into a broadband communications company.

The company has made significant investments in enterprise Voice over IP telephony technology.

Mitel's manufacturing business was spun off as BreconRidge.

2007

The company acquired Intertel in April 2007.

2010

Mitel went public again in 2010.

2012

He was the richest man in Wales until 2012, when he was surpassed by Sir Michael Moritz.

He has founded or funded over 100 companies in the high-tech communications field, most notably Mitel and Newbridge Networks.

He is the chairman of Wesley Clover and the Swansea Bay City Region board.

He owns the Celtic Manor Resort, KRP Properties, the Brookstreet Hotel, and the Marshes Golf Club.

Matthews was born in Newport, South Wales, at the then Lydia Beynon Maternity Hospital.

Matthews returned as an adult to include the manor house that housed the hospital within the Celtic Manor Resort.

He grew up in the town of Newbridge, Caerphilly.

2013

Mitel announced the purchase of Aastra Technologies in November 2013.

2015

Mitel announced the purchase of Mavenir Systems in March 2015.

2016

Mitel announced the purchase of Polycom in April 2016, however, the deal fell through and Polycom instead merged with private equity firm Siris Capital Group.