Michael Ashcroft
Turks and Caicos Islands, Turks and Caicos Islands
United Kingdom
security, Self Made
$1,700,000,000
1425
#1425 Billionaires 2019
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.
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.
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