Mike Ashley 15th Richest In Britain at £1.6B Net Worth

Mike Ashley is getting richer and he is once again a pound Billionaire.

This is picture of Mike Ashley in Forbes Magazine

Mike is at joint 491 in the Forbes World Billionaires they published today with a net worth of $2.5B which translates to around £1.6B in today’s exchange rates.

Sports Direct are having some good results and Mike’s worth has increased as the Sports Direct share price have increased over the last year.

Here is the Profile of Mike Ashley that’s in the magazine, and he is shown with the black and white scarf of Newcastle United around his neck:

Michael Ashley is a reclusive tycoon who does not shy away from bold business moves. He recently upset the British soccer establishment by renaming Newcastle United’s sports stadium the Sports Direct Arena, after his company.

A shrewd negotiator who prefers casual dress, he turned his retail chain into a sports clothing empire, netting $1.8 billion in a 2007 IPO. He still owns a 71% stake and remains executive director. Sports Direct’s stock price rose in 2011 on strong earnings despite a difficult U.K. economy.

Ashley pocketed $140 million last year, when Sports Direct bought 32 stores he was leasing. Right after becoming a billionaire, he bought Newcastle United, then tried to sell it twice. He still owns the Premier League soccer club to the chagrin of some fans.

And here are the facts listed in Forbes magazine on Ashley:

Michael Ashley
Net Worth $2.5 B As of March 2012
Age: 52
Source of Wealth: sports retailing, self-made
Residence: Hertfordshire, United Kingdom
Country of Citizenship: United Kingdom
Marital Status: Divorced
#491 on Forbes Billionaires
#15 in the United Kingdom

I looked closely at the list that’s just been published – but it looks I didn’t make it.

It seems I’m around $1B short of making the list. 😀

27 comments so far

  • Ibizatoon

    Mar 8, 2012 at 1:45 PM

    Comment #1

    If only we have a billionaire owner like chelski!

  • G

    Mar 8, 2012 at 1:49 PM

    Comment #2

    “I’m around $1B short of making the list”. Only $1.5B then Ed? Still minted!

  • jesperfuglsang

    Mar 8, 2012 at 1:49 PM

    Comment #3

    Ibiza, I don’t want Newcastle to be some idiot foreigner’s playground.

  • check the toastie

    Mar 8, 2012 at 1:54 PM

    Comment #4

    Must say, the man is a pretty impressive business man, and i believe that the club as it now stands is in a better position to achieve lasting success then it has ever been, good to see him doing well, can only be good for the Toon.

    Would personally like him to offer some statement regards how he actually feels about the club and the region, rather than just seem to use us as a necessary evil. About time people stopped giving him a hard time for me. (stadium renaming excluded).

    Also for a very busy businessman he attends most games so this tells me that he must be interested in progress on the pitch, Man City’s, Man Utds owners turn up once in a blue moon. Would love him to surprise everyone this summer with some real eyecatching recruitment.

  • Jonny

    Mar 8, 2012 at 1:55 PM

    Comment #5

    We do have a billionaire owner?? Personally, Ashley gets bout his business very well and fair play to him. He may have turned us into a selling club but if we carry on replacing them with cheaper players with more ability then carry on!

  • blissna

    Mar 8, 2012 at 1:56 PM

    Comment #6

    I’m happy at the minute. Good season so far as winning people over is concerned.

  • planbillytedbob

    Mar 8, 2012 at 2:00 PM

    Comment #7

    i don’t get the board”selling club” title. we will sell our good players if offered miles above their market value. in than regard virtually every club is a selling club man u sold ronaldo for a ridiculous amount. i don’t see anybody calling them a selling club

  • planbillytedbob

    Mar 8, 2012 at 2:01 PM

    Comment #8

    remove board from that post

  • ash-out

    Mar 8, 2012 at 2:04 PM

    Comment #9

    @Ibizatoon – Chelski are an absolute mess. Have paid £64 m in paying off managers in 3 years are haemoraging money. Have an ageing set of players who hold power over the club and a set of fans who openly criticise the owner who has purchased their trophies. If he walks they will make Rangers look like a slick financial operation.

    But yeah wish we had their owner!???

  • Ibizatoon

    Mar 8, 2012 at 2:24 PM

    Comment #10

    I was only joking guys 😉

  • Ibizatoon

    Mar 8, 2012 at 2:25 PM

    Comment #11

    I’m actually quite happy with the way things are run at the club and in no way want a Chelsea or Manchester City business model

  • planbillytedbob

    Mar 8, 2012 at 2:30 PM

    Comment #12

    i thought i sensed a dash of sarcasm ibiza

  • Ibizatoon

    Mar 8, 2012 at 2:34 PM

    Comment #13

    pbtb…most of what I write should be taken as having at least a little sarcasm 🙂

    Apologies…doesn’t translate very well when written

    Everyone happy with Raylor extending his deal?

  • planbillytedbob

    Mar 8, 2012 at 2:34 PM

    Comment #14

    and chelsea an man city haven’t got business models. there’s no structure. its just a game of seeing who can p*ss the most money up thE wall. man city doin well but i genuinely think man u will win the title by grinding out results.

  • planbillytedbob

    Mar 8, 2012 at 2:36 PM

    Comment #15

    im happy with it yeah. good utility player. covers quite a few positions. i like him as i liked Aaron Hughes

  • stuart no9

    Mar 8, 2012 at 2:37 PM

    Comment #16

    jonny @5 ” he may have turned us into a selling club but if we carry on replacing them with better players then carry on ” what are you talking about? think about it ! if he keeps doing that, WHEN will we have a team to compete for anything?

  • planbillytedbob

    Mar 8, 2012 at 2:40 PM

    Comment #17

    technically he’s not doing it anyway Stuart. we had two transfer windows where we got rid of the knot ends

  • stuart no9

    Mar 8, 2012 at 2:41 PM

    Comment #18

    plan billy@7 – man u are not a selling club. Fergie sold ronaldo coz he couldnt keep him ,HE wanted away, that is the difference between man u and nufc. Fergie tried every thing to keep him but ronaldo WANTED to go to madrid.

  • planbillytedbob

    Mar 8, 2012 at 2:49 PM

    Comment #19

    ronaldo situation similar to enrique. im not saying man u are a selling club. just saying we arent really

  • Colo-Sus

    Mar 8, 2012 at 2:50 PM

    Comment #20

    Reading between the lines, Ashley is selling the club in the Summer

  • Ibizatoon

    Mar 8, 2012 at 2:52 PM

    Comment #21

    Are we back on the “we’re a selling club” again?

    Sol Campbell – Who cares
    Shefki Kuqi – Ha ha
    Kevin Nolan – £4.5M – West Ham – Wanted to long of a contract
    Wayne Routledge – £2M – Swansea – Who cares
    Jose Enrique – £6M – Liverpool – Sad, but wanted out
    Joey Barton – free – QPR – 50/50 split. I think overall good, too disruptive
    Andy Carrol – What a price for the player

  • chuck

    Mar 8, 2012 at 3:54 PM

    Comment #22

    Ryan Taylor ?
    Not my idea of quality in depth.
    Look if this guys role is defined , then i would like to know what it is?
    As a replacement for either the right wing or for Santon, i just dont get it , cause he cant fill either role and have no idea why he gets selected.
    Face it Santon is a far better defender and HBA is a far better winger.
    His rep was built on being a good deadball kicker, but we have Cabaye who is better, so what is it this guy does (nothing good) that keeps him at the club.
    If keeping guys of his abilities is our future , then this club is going nowhere.

  • max

    Mar 8, 2012 at 4:19 PM

    Comment #23

    buy star player

  • jesperfuglsang

    Mar 8, 2012 at 4:21 PM

    Comment #24

    Sorry Ibiza 😉 sarcasm doesn’t translate well – I know that my self 🙂 lol

  • ShanghaiMag

    Mar 8, 2012 at 7:34 PM

    Comment #25

    @Chuck 22. re: Taylor criticism.

    John O’shea won over over a dozen major trophies at Manu, they may not be interesting, but utility players are needed.

    I’m all for having Taylor as second string RB/LB and 3rd string RM.

  • bills-son

    Mar 8, 2012 at 7:54 PM

    Comment #26

    stuart no9 // Mar 8, 2012 at 2:37 PM – jonny @5 ” he may have turned us into a selling club but if we carry on replacing them with better players then carry on ” what are you talking about? think about it ! if he keeps doing that, WHEN will we have a team to compete for anything?

    stuart09 – you are fighting a losing battle.

    We aren’t a selling club – this a total myth dreamt up by the Ashley haters like you – and now being seen for what it is. Garbage, spite and bile.

    I’ve taken stick from the likes of you ever since I said this a year ago …

    Mike Ashley is the best owner of NUFC in my 50 years as a Toon supporter.

    It was true then … and even more true now.

    Fans like you who still try and pull Ashley down at every turn are fast becoming the minority.

    And about time to.


    Mar 10, 2012 at 1:05 AM

    Comment #27

    Hallelulah, @26 agree with everthing you say. Been supporting the club man and boy since 1964. This guy knows what he is doing.


You must log in to post a comment.