The telecom industry has attracted some of the wealthiest individuals in the world, making it a lucrative sector for entrepreneurs. In this article, we will explore the top 10 richest billionaires in the telecom industry as of August 24, 2023, based on their net worth.
10. Richard Li: $4.4 billion
Richard Li, a Hong Kong billionaire, holds the tenth spot on our list with a net worth of $4.4 billion. He is the chairman and chief executive of Pacific Century Group, an investment company with interests in telecom, technology, and media. Li’s telecom ventures include PCCW, a leading telecommunications company in Hong Kong.
9. Patrick Drahi: $4.4 billion
Patrick Drahi, a French-Israeli billionaire, occupies the ninth position with a net worth of $4.4 billion. He is the founder and controlling shareholder of Altice, a multinational telecom and media company. Drahi’s strategic acquisitions have propelled Altice’s growth and success in the telecom industry.
8. Rajan Mittal: $4.5 billion
Rajan Mittal, an Indian billionaire, shares the eighth position with a net worth of $4.5 billion. He is the vice-chairman and managing director of Bharti Enterprises, overseeing the group’s telecom, retail, and financial services businesses.
7. Rakesh Mittal: $4.5 billion
Rakesh Mittal, an Indian billionaire, ranks seventh on the list with a net worth of $4.5 billion. He is the vice-chairman of Bharti Enterprises and has played a significant role in the expansion and diversification of Bharti Airtel’s telecom operations.
6. Robert Hale Jr: $5.0 billion
Robert Hale Jr, an American billionaire, holds the sixth spot with a net worth of $5.0 billion. He is the chairman and CEO of Granite Telecommunications, a provider of communications services to businesses in the United States. Hale’s leadership has driven the growth of Granite Telecommunications in the competitive telecom industry.
5. Ananda Krishnan: $5.0 billion
Ananda Krishnan, a Malaysian businessman, shares the fifth position with a net worth of $5.0 billion. He is the founder of Usaha Tegas Group, which has investments in various industries, including telecommunications. Krishnan’s telecom ventures include Maxis Communications, a leading mobile network operator in Malaysia.
4. Xavier Niel: $6.3 billion
Xavier Niel, a French billionaire, occupies the fourth position with a net worth of $6.3 billion. He is the founder and majority shareholder of Iliad SA, a telecommunications company that operates under the brand name Free in France. Niel’s innovative approach to the telecom industry has contributed to his wealth and success.
3. Sunil Mittal: $6.9 billion
Sunil Mittal, an Indian billionaire, ranks third on the list with a net worth of $6.9 billion. He is the founder and chairman of Bharti Enterprises, a conglomerate with interests in telecom, retail, and financial services. Mittal’s telecom company, Bharti Airtel, is one of the largest mobile network operators in India and has expanded its operations globally.
2. Rocco Commisso: $8.8 billion
Rocco Commisso, an Italian-American billionaire, holds the second spot with a net worth of $8.8 billion. He is the founder, chairman, and CEO of Mediacom Communications, a leading cable television and communications company in the United States. Commisso’s entrepreneurial skills have contributed to his significant wealth in the telecom industry.
1. Carlos Slim Helu & family: $97.0 billion
Carlos Slim Helu, a Mexican business magnate, tops our list with a staggering net worth of $97.0 billion. He is the chairman and largest shareholder of América Móvil, one of the largest telecom companies in the world. Slim’s success in the telecom industry has propelled him to become the wealthiest person in the sector.