LORD MICHAEL ASHCROFT • Net Worth $2.2 Billion • House • Yacht • Private Jet • ADT

Name:Lord Michael Ashcroft
Net Worth:$2.2 billion
Source of Wealth:ADT (Sold)
Born:March 4, 1946
Wife:Susan Anstey
Private Jet:(VP-BZE) Dassault Falcon 7X

A Deeper Look into the Life of Billionaire Philanthropist: Lord Ashcroft of Chichester

From humble beginnings to a successful business career and commendable philanthropic efforts, Lord Ashcroft of Chichester exemplifies the essence of success. Currently residing in Belize, this former member of the House of Lords has become a notable figure across various sectors. Born in March 1946, he experienced his early life in Belize, where he continues to reside with his wife, Susan Anstey, and their three children.

Key Takeaways

  • Lord Ashcroft of Chichester is a Belize-based billionaire, a former member of the House of Lords, and a noted philanthropist.
  • His first investment was a struggling cleaning company, which he turned around to sell for a substantial profit, setting the foundation for several significant acquisitions like British Car Auctions and ADT Security Services.
  • He holds the title of Baron Ashcroft and has been an active participant in the UK’s Conservative Party.
  • As an author, he has penned several political books and co-authored a controversial biography of David Cameron.
  • Estimated to be worth $2.2 billion, Ashcroft is a significant philanthropist, committed to The Giving Pledge, and has initiated several projects for societal betterment, including the founding of Crimestoppers.
  • He is the owner of the MY LADY Yacht.

Ashcroft’s Early Investments and Major Acquisitions

Ashcroft’s journey into the world of business commenced at the young age of 26 when he took a leap of faith to purchase a struggling cleaning company employing 1,000 people. It cost him merely GBP 1, though he borrowed GBP 15k (equivalent to approximately US$ 250,000 today) to revitalize the company and steer it towards profitability. His smart strategies paid off, and he managed to sell the company for GBP 1.3 million (US$ 22 million in current value) three years later.

The profit from this venture became the backbone of several significant acquisitions and investments that Ashcroft embarked on. Some of his notable ventures include British Car Auctions, which he later sold for a staggering US$ 600 million, and ADT Security Services, the United States’ largest electronic security company, which fetched him US$ 6.7 billion. Apart from these, he also owns the oldest and largest bank in Belize, the Belize Bank.

Ashcroft’s Journey in the House of Lords

In the year 2000, Michael Ashcroft was bestowed with the title of Baron Ashcroft and was appointed to the House of Lords. His political acumen found expression in his role as the deputy chairman of the UK’s Conservative Party. Apart from his active political participation, Lord Ashcroft also penned down several politics-related books, such as Victoria Cross Heroes, Heroes of the Skies, and Special Ops Heroes. In 2015, he co-authored a controversial biography of David Cameron, then Prime Minister of the UK, which stirred the political landscape with its provocative accusations.

The Net Worth of Lord Ashcroft

With multiple successful ventures under his belt, Lord Ashcroft’s net worth is a considerable $2.2 billion, cementing his status as a billionaire businessman.

Philanthropic Initiatives by Lord Ashcroft

Beyond his business ventures, Michael Ashcroft is also an active philanthropist. His commitment towards enriching society finds expression in his support for education and wildlife protection. He is the founder of Crimestoppers, a renowned crime-fighting charitable organization in the United Kingdom. Furthermore, he donated GBP 5 million to establish the Lord Ashcroft International Business School. As a participant in The Giving Pledge, Ashcroft has committed to donate more than half of his net worth to philanthropic causes. His dedication to public service was also demonstrated when he served as the Belizean Ambassador to the United Nations from 1998 to 2000.



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Yacht Lady M II Owner

Michael Ashcroft

Watch this video!

yacht MY LADY

He is the owner of the yacht MY LADY, we believe he also owns the yacht ATLANTIC GOOSE.

The MY LADY Yacht, formerly known as Lady Marina, was built in 1994 by Hakvoort for Sergio Mantegazza, and designed by Diana Yacht Design.

The motor yacht, powered by Caterpillar engines, boasts a max speed of 16 knots and a cruising speed of 12 knots, with a range of over 3000 nautical miles.

The yacht’s interior, designed by Donald Starkey Designs, can comfortably accommodate 10 guests and a crew of 10.