Celebrity Lifestyle

What is Mike Ashley’s net worth as he agrees to buy House of Fraser?

Sports retailer tycoon Mike Ashley was born in Burnham, Buckinghamshire, on September 9, 1964.

After leaving school at 16, he was a county level squash player but after injury, he went into coaching instead.

He opened his first sport and ski shop in Maidenhead in 1982 using a £10,000 loan from his family, before opening other stores in and around London.

Ashley owns a £5million mansion with landscaped gardens and an outdoor pool in Totteridge, North London. The tycoon also has a £5million helicopter for his commute into work.

He bought the impressive home in 1993 after another mansion in Hertfordshire proved too small for his family.

What is the Sports Direct boss’s net worth?

Mike Ashley has a net worth of around £2.8billion.

The billionaire ranked 58 on the Sunday Times Rich List 2018. He built his fortune after opening his first sport and ski shop in Maidenhead, Berkshire, in 1982. The tycoon took complete control of Newcastle United FC in 2007, paying around £135million. The business expanded rapidly, extending to 400 stores across the UK from 100 in the late 90s.

And on August 10, 2018, it as revealed he had saved House of Fraser by snapping up the chain for £90million cash.

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Emma Jones
Emma Jones is an entertainment journalist for UKCelebrityNews and other magazines. The author or coauthor of ten books, Emma has sold several million copies since 2006. She worked for eleven years as a writer and editor at the national news biweekly WORLD magazine.