Mike Ashley’s profile picture

Mike Ashley

Entrepreneur
Mike Ashley’s profile picture
Net worth 2018: $2.7 Billion
Industry: Business People
Residence: Burnham
Country: British
BirthDay: 9 September 1964
Sigh: Libra
Education: Burnham Grammar School
BIOGRAPHY

Mike Ashley was bornon 9 September 1964 in Burnham, British, is Entrepreneur. Michael Ashley, the English entrepreneur dealing in sporting goods and clothing, is truly an extraordinary person. Some call him the UK’s most reclusive billionaire while others find him rather eccentric. It is a fact that he is one of the richest men in UK; yet, he has often been seen using a plastic shopping bag for a briefcase. He generally keeps a low profile and shies away from giving interviews. Neither does he attend any industry function. Yet one would often see him partying, drinking and gambling with friends and acquaintances or watching football from the stands. Indeed, Michal Ashley leads his life on its own terms and has never allowed anything to come in his way. His love for sports is almost legendary. After passing out from school he thought of becoming a squash player; but when it did not materialize, he became a coach and finally opened a sporting retail store. It was followed by several others and today the chain, known as Sports Direct International plc, operates more than 500 retail stores in different parts of the world. He is also the owner of Newcastle United Football Club and has stakes in Scottish football club Rangers.

NET WORTH STATISTIC
2018

$2.7 Billion

TIMELINE
2013

In 2013, Sport Direct bought 116 Republic stores as well as its brand name and the company's head office

2012

In 2012, the company purchased out rival retailer JJB's brand name, twenty stores as well as their website and all of their stock for £24 million

2007

in 2007, Michal bought Newcastle United Football Club by paying out a hefty sum of £134 million

2006

Instead, he acquired Kangol, the company famous for its headgears, in 2006 at an estimated price of £12 million

2005

In 2005, Michael Ashley signed a long-term deal Umbro— an English sportswear and football equipment supplier; however, it did not materialize

2004

In February 2004, Michael Ashley acquired Dunlop Slazenger, a sports equipment manufacturing company, for a price of £40 million

2003

By 2003, the company had 150 retail stores under its chain

2002

In 2002, he acquired ten stores of Lillywhites Chain and also the Lonsdale brand

2000

He also rebranded his company as Sports Direct International plcFrom 2000 onwards, the company experienced a steady growth

1999

In 1999, he turned it into a limited liability company, but continued to be at the helm of the business

1995

Between 1995 and 1996, Mike renamed the chain as Sports Soccer

1992

By 1992, the company had twelve stores, each of which was funded by private money

1990

By the end of 1990s, the brand had around fifty stores across the country

1984

By 1984, Michael had earned enough profit to enable him to expand

1982

Michael Ashley launched his first shop in 1982 in Maidenhead, an affluent town in Berkshire

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