Rank #2098
Michael Ashcroft
Net worth $2.0B
Security · United Kingdom
- Born
- Jan 01, 1946
- Age
- 80
- Source
- Security
- Residence
- Turks and Caicos Islands
- Citizenship
- United Kingdom
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Michael Ashcroft's fortune comes from buying and selling a number of companies, most notably home security giant ADT.
- He purchased ADT in 1987 then flipped it to Tyco International in 1997 for $6.7 billion; proceeds from the sale still form the bulk of his fortune.
- A longtime Conservative Party supporter, he served as deputy chairman from 2005 to 2010, and stepped down from the House of Lords in March 2015.
- Ashcroft is also a major investor in Belize and previously served as the Belizean Ambassador to the United Nations from 1998 to 2000.
- In 2015 he released "Call Me Dave", a scathing unauthorized biography of Prime Minister David Cameron that included salacious allegations of drug use and snobbery.
- He admitted his disappointment that Cameron didn't tap him for a high-ranking post, but insisted that the book -- and its uncorroborated claims -- was not revenge.
Financial assets
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