Michael Ashcroft
#2050

Michael Ashcroft

United Kingdom 80 years old Self-Made

Overview

Source of Wealth
Security
Residence
Turks and Caicos Islands

Assets

  • ABM Industries
    757,000 shares @ -
    -
    ABM-US
  • Caribbean Investment Holdings
    0 shares @ -
    -
    CIHL-GB
  • Dods Group
    10,061,000 shares @ -
    -
    MRIT-GB
  • Jaywing PLC
    27,919,000 shares @ -
    -
    JWNG-GB
  • Marlowe Plc
    11,877,000 shares @ -
    -
    MRL-GB
  • Shellproof
    40,330,000 shares @ -
    -
    GUS-GB

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.

About

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.