Mike Ashley 20th Richest Person In UK At £1.16B


We’ve been trolling the Forbes Billionaire list that came out last month, for a certain Mike Ashley,  and we’ve finally found him.

Mike Ashley – fortune has risen over last couple of years

In the Forbes Billionaire list published by the magazine in March, Mike is listed as the 651st richest person in the world and the 20th richest person in the United Kingdom.

He fortune has risen from last year and he is now worth $1.9B, and with today’s exchange rate of around 0.61, that is around £1.16B

This is the profile that Forbes put out on Michael Michael James Wallace “Mike” Ashley, who was born in 1963  in Burnham, Buckinghamshire.

“Ultra-reclusive tycoon listed his sporting goods retailer Sports Direct International in February 2007. Kept a 70% stake in the company and continues to oversee more than 400 stores and brands such as Kangol, Lonsdale and No Fear as deputy executive chairman. “

“Company swung back to a profit in 2010 while share price rose by a quarter. Retailing business faring better than his foray into soccer. Bought Newcastle United in July 2007 but failed to sell twice since then, and remains unpopular with fans.”

“Most recently was criticized for firing manager Chris Hughton in December 2010, despite club returning to the first-tier Premier League last year. Reportedly lost about $1.5 million in one night playing craps at a casino in Newcastle in January, tipping the dealer $1,000 as he left the venue.”

News also today that Mike’s Sports Direct business have both increased profits and revenues and reported yesterday that total group sales for the nine weeks to March 27 rose 10.3 percent to £236M.

Gross profit increased by 7.3% to £88M, and Sports Direct added it expected to meet its target for reaching full year underlying earnings before interest, tax, depreciation and amortization (EBITDA) of at least £205M.

For those who follow this kind of stuff,  in last year’s Forbes’ list Mike was worth $1.5B, (£0.915B), and ranked 655 in the world, so in the last 12 months he has regained his status as a £UK Billionaire.

So Mike’s net worth has gone up $400M (£241M) over the last 12 months – how much is Lionel Messi worth in the transfer market again? 😀

Business seems good for Mike and his Sports Direct business – now for the really important stuff – to get those six top players into Newcastle this summer!

Comments welcome.



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36 comments so far

  • Tal_nufc4eva

    Apr 21, 2011 at 11:45 AM

    Comment #1

    “Reportedly lost about $1.5 million in one night playing craps at a casino in Newcastle in January, tipping the dealer $1,000 as he left the venue.”

    fkn hell i spent £30 on the arcades in whitley and i thought that was bad . . . . LOL

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  • adi-bizzle

    Apr 21, 2011 at 11:50 AM

    Comment #2

    Inside news (not sure whether to believe it but he does know a lot of people at nufc) forster will not be coming back to the club but peterborough’s england u21 keeper, Joe Lewis will be signing

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  • roshan MAGPIE

    Apr 21, 2011 at 11:53 AM

    Comment #3

    guess he can invest money to the club to bring in top players

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  • ochytoon

    Apr 21, 2011 at 11:55 AM

    Comment #4

    Cheers for that Ed, may come in handy for my Economics A level

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  • JAMSHA

    Apr 21, 2011 at 12:04 PM

    Comment #5

    I dnt care if foster cumz or dnt cumz bak to newcastle, v hav krul an other youth GK

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  • Flood

    Apr 21, 2011 at 12:05 PM

    Comment #6

    I like how everyone claims to have inside news! why will we be signing another goalkeeper when its one of the positions we don’t need to invest in? we have forster and krul for the future and harper now?

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  • lewman

    Apr 21, 2011 at 12:05 PM

    Comment #7

    mike ashley owns a business that will probably do better under a recession as it is all really cheap stuff so those who once bought their sports goods at a more expensive shop will probably now go to sports direct.

    i do understand that his other business dealings might not do so well though.

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  • sirjasontoon

    Apr 21, 2011 at 12:07 PM

    Comment #8

    Fat Prick 🙂

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  • geoff777

    Apr 21, 2011 at 12:08 PM

    Comment #9

    Shame he can’t have a little “fun” with the club and add a little bonus into the transfer kitty on top of the money he got for Carroll ….

    So we could buy two top quality strikers.

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  • davybtoon

    Apr 21, 2011 at 12:12 PM

    Comment #10

    i wud of liked forster to come bk n fight it out with krul for no1 spot just coz hes a local lad n good
    but ive heard alot of rumours that we wud westwood for free from coventry and then sell forster to celtic as part of a deal to get gary hooper
    but have to say joe lewis is very good young goalie as well be nice bk up to timmy should loan soderberg to peterborough as part of the deal if true
    id b happy with lewis or westwood if forster left

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  • Davies

    Apr 21, 2011 at 12:14 PM

    Comment #11

    Problem is, Flood, we have two very talented and seemingly ambitious young ‘keepers. I can’t really see etiher of them being happy with the bench when Harps hangs up his gloves. Regular first team opportunities may come up more regularly next season and I’d say Krul’s more likely to get the nod, given his existing first team experience. You never know, Forster could come back and Krul could go out on loan, but I don’t see it.

    Not everyone’s as patient as Harps was.

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  • hainesy

    Apr 21, 2011 at 12:29 PM

    Comment #12

    Michael Michael? Fat b****rd never had a chance.

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  • Davies

    Apr 21, 2011 at 12:41 PM

    Comment #13
  • adi-bizzle

    Apr 21, 2011 at 12:50 PM

    Comment #14

    We might have forster but he wants to stay at celtic and play football which you can’t fault him for that. I know westwood as my best mate plays for coventry (I’m picking up westy’s signed shirt at tomorrow’s match :D) but he has never said anything about who he will be going to in the summer. I’d love to see westy at newcastle but think other teams will come in for him as liverpool might be selling reina, arsenal have no number 1 and man utd’s keeper is retiring

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  • drizzyTOON

    Apr 21, 2011 at 1:01 PM

    Comment #15

    @Davies
    I think Sow would be a good striker to sign and hope we sign him this summer

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  • Sav

    Apr 21, 2011 at 1:17 PM

    Comment #16

    So if Mike is worth twice what Liverpool’s owner has, tell me why did we accept their cash for Carroll again? 35 mil is chicken feed and we’ll have to spend at least half of it on a replacement – probably on 80k a week!
    Most owners end up putting in more than they take out (Shep and the Halls being notable exceptions).

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  • Toonmania

    Apr 21, 2011 at 1:39 PM

    Comment #17

    probably because there is no way we would ever be offered £35 million again as it was way way overpriced and to add to that the judas asked to go when he knew what they where offering him and didn’t give a toss about us so why is everyone still concerned about selling him?
    i think you will see the club spending something in the region of £55-£60 million this summer

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  • Flood

    Apr 21, 2011 at 1:50 PM

    Comment #18

    Toonmania you are quite the optimist!
    £55-60 million? thats craziness! is that including any transfer money we get in?

    i’d love if we spent that much! but i cant see us spending any more than £30

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  • breadman

    Apr 21, 2011 at 2:31 PM

    Comment #19

    If only MA knows only by getting us to the Champions League (By actually investing) will make him an even richer man.

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  • lee-nufc

    Apr 21, 2011 at 3:34 PM

    Comment #20

    Am nearly sure u can’t spend over 80 per cent of ur income if u want 2 qualify 4 Europe, ie champs league n Europa. startin nxt season. So if wer guna spend £55-60 million, wer guna hav 2 make alot of cash. Correct me if i am wrong

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  • Billy1985

    Apr 21, 2011 at 4:02 PM

    Comment #21

    just think though carroll 35 million……..sold
    dyer 20 million to man u……rejected stayed on injury list for life lol…….i say good business carroll is injured again according to sky sports news

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  • Billy1985

    Apr 21, 2011 at 4:08 PM

    Comment #22

    breadman…….he does know that but hes a business man not so much a football brain but he has done loads for us but just the wrong way. he probs thinks if i spend less than what i have to and get lucky and get into europe then bingo even more money for me……..but my dads mate seen him in the casino in newcastle and went up to him kicking off…..but his body guards were there but ashley said let him speak he has the right too its his club too. so dads mate was kicking off about how he is a tight b@stard and crap….then ashley asked him if he had a season ticket and he said yes so ashley went here you go and fcuk off and he give him a £500 chip. my dad was there too so thats true. and he also said he was def letting all the 35million go towards players

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  • breadman

    Apr 21, 2011 at 4:23 PM

    Comment #23

    @Billy1985

    yep mate i definitely hope he can allow AP to invest all of that money (or even more?) into this summer.

    I am sure many players will grow discontent if we do not invest as promised.

    Like many of us here, we are just too used to being disappointed to be optimistic about MA if you know what i mean. But we all want to be proven wrong. 🙂

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  • Billy1985

    Apr 21, 2011 at 4:28 PM

    Comment #24

    true

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  • stuart no9

    Apr 21, 2011 at 6:41 PM

    Comment #25

    not suprised hes rich, takes all the money out the club and the greedy b……d dosent spend a penny , the fans were wrong on tuesday, there are 2 greedy ba ….ds

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  • Lee Dodd

    Apr 21, 2011 at 6:57 PM

    Comment #26

    If The Fat Git Is That Rich Then Get The Cheque Book out and get Some Signings Done as we will be in The Championship end of Next Season if he doesn’t!!!!!

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  • Magpies-till-d3ath

    Apr 21, 2011 at 7:58 PM

    Comment #27

    Instead of just buying Sow, we should buy both him and Gervinho. I watched the Lille v Monaco match and even though they lost Gervinho was causing them problems every time he ran down the wing!

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  • marshy

    Apr 21, 2011 at 10:18 PM

    Comment #28

    he may be the 20th richest person in the u.k but as far as football is concerned he seems to be the 20th tightest b……d.

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  • BigKirky

    Apr 21, 2011 at 11:29 PM

    Comment #29

    Cheers Billy1985, good story to tell. Im looking forward to signing these new players in the summer and hopefully keepin Barton amongst others.

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  • adi-bizzle

    Apr 22, 2011 at 12:18 AM

    Comment #30

    @toonmania

    You still think carroll wanted to leave? You’re nuts. Carroll never asked to leave. The deal was done days before the end of the window. I knew about it on the saturday before when I saw him in florita’s. Ask his mum as well, she will tell you he didn’t want to leave

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  • bri_2k4

    Apr 22, 2011 at 12:39 AM

    Comment #31

    I’m newcastle through and through but only a pilloc wud pass up the opetunity to tripple there wages to do a lot less work then he has to or had to do at newcastle,,fair enough there were stories all over tha gaf but come on I still love the kid fink he’s englands future and will always support him,,but asa for mike ashley I detest the man but his bussiness mind must be doing somthing right as he’s not a billionair for no reason just wish he’d slip us a couple of hundred million nd we cud be were man city are now they haven’t spent over 200 million nd chapions league next year I’d say ??

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  • breadman

    Apr 22, 2011 at 6:19 AM

    Comment #32

    @adi-bizzle

    I respect your opinion. But imo, he did not asked to leave, but he did raise the issue of doubling/tripling his wages to match that of Liverpools, just few months after committing himself to a new contract. That, to me, is holding the club ransom, and that is unacceptable by any standard. That is a sign of a player thinking he is bigger than the club. And he might love the club he grew up as a boy, but probability is that he just loves his money more.

    35 Million was a good deal. And a good deal to see what a scumbag he was.

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  • adi-bizzle

    Apr 22, 2011 at 9:41 AM

    Comment #33

    Yeah, 35 million is a great deal but unless we spend it, I’d rather have the player than the capital because the money might make ashley richer but players will make newcastle bigger. Every player wants to see if a team values them as much as other teams do and if newcastle valued him, they could have guaranteed him a contract at some point. Fair enough he asked for more money but if you knew you were gonna triple your wages somewhere else, wouldn’t you ask for a pay rise too?

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  • Ericles

    Apr 22, 2011 at 10:08 AM

    Comment #34

    If Ashley had a brain cell for every quid he has he would still be a moron and still no good for NUFC.

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  • breadman

    Apr 22, 2011 at 3:25 PM

    Comment #35

    Of course, 35 million would only be consider to be a good deal, if MA invest in them. I really hope he can put his money where his mouth is this season. I really do. I am feeling skeptical to be honest, but i hope i can be proven wrong this time round.

    But Carroll did signed a new 5 years contract just 3 months ago, so it does not justify asking to triple his wage in any way. The moment he signed the contract, he is signaling the intent to accept that wage for the next 5 years of his career, that is the meaning of a 5 years contract. If he is a man we thought he was, he should honor it. Period.

    Unfortunately, this is what football does to players these days, gone are the days where they will be loyal to you. Money is all they think about.

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  • Crawfordladd17

    May 15, 2011 at 8:40 AM

    Comment #36

    so every time I buy something in Sports Direct it is helping us

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