In the most recently published World’s Billionaires by Forbes magazine, the Newcastle owner is in 491st position, and worth around $2.5B, which translates to about £1.6B with today’s exchange rate.
Mike Ashley – worth around £1.6B
This is what Forbes magazine said about the Newcastle United owner:
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 $1.8B 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 $140M 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.
Roman Abramovich, the Chelsea owner, is listed at number 68, and worth $12.1B.
The richest person in the world is Mexico’s Carlos Slim Helo worth about $69B, followed by Bill Gates on $61M, and his friend Warren Buffet on only $44B.
Have a look to see if you are on the list, I couldn’t find my name – must have slipped off the list over the last year. 😀