Telecommunications

‘I’m a billionaire, but I’m not a big spender’

Entrepreneur David McCourt on buying art, his 30 blue suits, and why he likes living in hotels

I’m not a big spender and I don’t like to talk about my net worth, but if you believe what you read online you’d go with about $1bn. I’ve made money through telecoms and the media. I founded the first competitive phone company in the US, Corporate Communications Network. It merged with MFS Communications, which eventually sold for $14.5bn to WorldCom.

A lot of my success is down to luck and the fact I’ve focused on trends rather than fads. Media, communications, technology and sport have been big growth industries, and I like to think I have been involved in disrupting them.

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