Michael Ashcroft
$2.0B
Born
Jan 01, 1946
Age
79
Source of Wealth
Security
Residence
Turks and Caicos Islands,
Citizenship
United Kingdom
Marital Status
Children
0
Education
- 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.
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