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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 -
Lord Ashcroft Net Worth: US$ 1.7 billion - Owners Company: Michael A. Ashcroft Associates - Owners Country: Belize / UK -
The yacht was built as Lady Marina for Sergio Mantegazza. At Hakvoort in The Netherlands.
Lady M Yacht - Lord Ashcroft
Lord Ashcroft is the owner of the yacht Lady M II. Who is Lord Michael 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. Which is US$ 22 million in current value.
This money was the basis for several large acquisitions. Notable investments of Ashcroft were British Car Auctions. Which was sold for US$ 600 million. And ADT Security Services. ADT is the largest electronic security company in the United States. It was sold for US$ 6.7 billion.
He owns Belize Bank. Belize Bank is the oldest and largest bank in Belize.
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 Party in the UK. He was deputy chairman of the Conservative Party.
Ashcroft wrote several politics related books. Books include Victoria Cross Heroes, Heroes of the Skies and Special Ops Heroes.
In 2015 he co-authored a controversial biography of David Cameron. He was then Prime Minister of the UK. The book contained provocative accusations.
Lord Ashcroft Net Worth
His net worth is US$ 1.7 billion. He resides in Belize. And he 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. Crimestoppers is a crime-fighting charitable organization in the United Kingdom.
Lord Michael Ashcroft owns a Dasault Falcon 7X private jet. The jet has registration VP-BZE. The jet was built in 2008. And has a list price of US$ 35 million. The BZE refers to Belize, the residence of Lord Ashcroft.
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