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All You Need to Know About Lord Ashcroft and his Yacht Lady M II
Yacht Name: Lady M II - Yacht Length: 50 m (164 ft) - Guests: 10 in 5 cabins - Crew: 10 in 5 cabins - IMO 1004819 - Displacement: 658t - Hakvoort - 1994 -Yacht Value: US$ 30 million -
Owners Name: Lord Michael Ashcroft - Owners Net Worth: US$ 1.7 billion - Owners Company: Michael A. Ashcroft Associates - Owners Country: Belize / UK -
Lady M II was built as Lady Marina for Sergio Mantegazza at Hakvoort in The Netherlands
Yacht Lady M II - Lord Ashcroft
Lord Ashcroft is the owner of the yacht Lady M II. Who is Lord Ashcroft? He is a billionaire living in Belize and a former member of the House of Lords.
Ashcroft made his first investment at the age of 26 when he bought a cleaning company (with 1,000 employees) in distress for GBP 1.
He borrowed GBP 15k (US$ 250.000 in current value) to make some investments and turn the company around into profit making.
He sold the company three years later for GBP 1.3 million ( US$ 22 million in current value).
This money was the basis for several large acquisitions. Notable investments of Lord Ashcroft were British Car Auctions (sold for US$ 600 million) and ADT Security Services, the largest electronic security company in the United States (sold for US$ 6.7 billion)
House of Lords
In 2000 Michael Ashcroft received the title Baron Ashcroft and he was appointed to the House of Lords. Lord Ashcroft was active for the Conservative Partry in the UK. Ashcroft wrote several politics related books.
Lord Ashcroft Net Worth
The net worth of Lord Ashcroft is US$ 1.7 billion. He resides in Belize and served as the Belizean Ambassador to the United Nations from 1998 to 2000.
Michael Ashcroft is an active philanthropist, supporting education and wild life protection. Ashcroft is the founder of CrimeStoppers, a crime-fighting charitable organization in the United Kingdom.