Moroccan-born telecoms mogul and art lover has surprised investors with £2.2bn swoop on BT
Patrick Drahi has built a $12bn fortune making shrewd bets in telecoms, his latest being the surprise move to become BT’s biggest shareholder. But it was the art lover’s deal to take over Sotheby’s that put him in the media spotlight.
Drahi, the owner of works by Pablo Picasso and Henri Matisse, paid an eye-watering $3.7bn in 2019 for the underperforming auction house, explaining the purchase as an “investment for my family”.
