Michael Ashcroft Family and Net Worth – Michael Ashcroft is a British–Belizean businessman, pollster and politician. He is a former deputy chairman of the Conservative Party .
|Birthdate ( Age)||4 March 1946|
|Birthplace||Chichester, United Kingdom|
|Wife/Partner||Susan Anstey (m. 1986), Wendy Mahoney (m. 1972–1984)|
|Parents||Eric Ashcroft, Lavinia Ashcroft|
|Net Worth||$2.1 billion (2021)|
Michael Ashcroft is a British–Belizean businessman, pollster and politician. He is a former deputy chairman of the Conservative Party . Ashcroft founded Michael A. Ashcroft Associates in 1972 and is that the 95th richest person within the UK, as ranked by the Sunday Times Rich List 2017, with an estimated fortune of £1.35 billion.He sat on the Conservative benches of the House of Lords until 2015, having been created a peer in 2000.
Michael Ashcroft Family and Parents
Michael Anthony Ashcroft was born in Chichester, West Sussex . His father Eric was a British colonial civil servant; Ashcroft spent a number of his early years in Belize and Malawi.He was educated at Norwich School, Royal Grammar School, High Wycombe, and Mid-Essex Technical College , where he obtained a better National Diploma in Business studies.
Michael Ashcroft Wife
In April 1972, Ashcroft married Wendy Burrell in Hampstead, north London.They had two sons and one daughter. His second marriage in 1986 was to Susan Anstey.The couple have homes in London, Maidenhead in Berkshire, and Belize.
Michael Ashcroft Net Worth
Michael Anthony Ashcroft, Baron Ashcroft, KCMG, PC may be a British–Belizean businessman, pollster and politician who has an estimated Net Worth $2.1 billion in 2021.
After completing his education, Ashcroft returned to hitch hike around Europe, then for a brief period of your time became the manager of a rock and roll band.In 1967, Ashcroft joined Carreras Tobacco as a management trainee.He left Carreras in 1969, joining Pritchard Group Services, a cleaning and business services company, after several months unemployed.In 1972, at the age of 26, he started his own business, Michael A. Ashcroft Associates, which he would use to launch several profitable acquisitions.
Ashcroft’s first acquisition was Uni-Kleen – a loss-making cleaning company with 1000 employees, which he purchased for just £1 in 1974, with a £15,000 loan . He worked to show the corporate around, selling it just three years later for £1.3 million.
On exiting Uni-Kleen in 1977, his next purchase was Hawley Goodall, another poorly performing company, this point in camping equipment manufacture. Ashcroft used Hawley to form a series of acquisitions, transforming Hawley into a business services group, starting from janitorial services for hospitals and offices, to car auction services, and later with attention on the safety services industry.
Through the sale of the car auctions division to the fast-expanding British Car Auctions (BCA), he formed a lifelong friendship with David Wickins, whom he would later help take a majority stake in Lotus Cars, also as finance other joint-ventures. By 1981, Hawley had made its first acquisitions within the us , and its total revenues had grown to $27 million.
In 1985 Ashcroft and Wickins bought car sales dealership Henlys Group via a Canadian-registered company, Mipec. Controlled by Ashcroft’s Hawley Goodall, Henlys was merged with the already owned funeral hearse maker Coleman Milne to make a Motoring Division. In 1989, Hawley Goodall sold its Motoring Division consisting of Henlys and Coleman Milne to the Plaxton Group, the bus and coach manufacturer based in Scarborough, North Yorkshire .In 1986, Hawley bought out Ashcroft’s former employer, Pritchard Services, leaping to the second place within the U.S. services industry. At this point , Hawley had revenues of quite $1.3 billion.
Ashcroft has close business and other connections with the Commonwealth country of Belize, and served because the country’s ambassador to the United Nations between 1998 and 2000. In his 2005 biography, he admitted that it’s a rustic where his interests are “exempt from certain taxes for 30 years.”Ashcroft also has significant interests within the following companies quoted on the choice Investment Market: Restore plc, WeAre20:20and Impellam Group.
Having attempted a takeover Corporate Services Group in 1999, in June 2006 he increased his stake to twenty-eight .5%, prompting speculation that he might make a suggestion for the remaining shares within the company. In May 2008 the merger of Carlisle Group and company Services Group to make Impellam Group was announced. Listed on the choice Investment Market, the combined group places in more than 40,000 people into work hebdomadally .
In March 2006, he became the main shareholder in English football club Watford, owning up to 42% of the club’s shares. In September 2006, he accepted a bid for British Car Auctions (BCA) worth £450m, netting him a private gain of £200m.Ashcroft features a 72.3 per cent stake in English wine producer Gusbourne, which he acquired in 2013 for £7 million.
Charity and philanthropy
In 2013, Ashcroft stated that he has given tens of many pounds to good causes over the years. In May 2013, he pledged to donate quite half his money to good causes, and have become a signatory of The Giving Pledge.
Ashcroft may be a whale spotter, through which interest he has financially supported various environmental groups and campaigns. He financially supported the Environmental Investigation Agency, who persuaded him to back a television campaign in six Caribbean countries, aimed toward coaxing them to withdraw their support for whaling.
The countries had received $16 million (£8 million) a year in fisheries aid from Japan. The campaign coincided with the 2006 International Whaling Commission conference in St Kitts. He donated £1 million of the £7 million cost of the Bomber Command Memorial in London’s Green Park, and his contribution is recognized on all sides of the memorial.