Michael Ashley’s profile picture

Michael Ashley

Michael Ashley’s profile picture
Net worth 2018: $3.66 Billion
Residence: Hertfordshire, United Kingdom
BIOGRAPHY

Michael Ashley was born in Hertfordshire, United Kingdom, United Kingdom. Michael Ashley is #634 in List Billionaires People In The World. Executive chairman of sports retailer Sports Direct, Michael Ashley took over as CEO in September 2016 after his longtime CEO Dave Forsey resigned. Ashley founded the company in 1982 when he was 18 years old and eventually took it public in 2007, pocketing $1.8 billion from the IPO. The company now has 700 stores and owns such brands as Dunlap and Everlast. The same year as the IPO he bought Premier League soccer club Newcastle for a reported $181 million. He tried to sell the team the next year citing heavy debts; in 2011 he upset fans by temporarily renaming the home stadium Sports Direct Arena. Ashley has also drawn criticism for buying a stake in Rangers F.C. in 2014, a Scottish soccer club, due to concerns about a conflict of interest.

NET WORTH STATISTIC
2009

$1.1 Billion

2010

$1.5 Billion

2011

$1.9 Billion

2012

$2.5 Billion

2013

$3.5 Billion

2014

$5.5 Billion

2015

$4.9 Billion

2016

$3.5 Billion

2017

$2.6 Billion

2018

$3.66 Billion

TIMELINE
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