Michelle Mone Net Worth is$60 Million
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Profession: Entrepreneur, Model, Businessperson
Nationality: Scotland
Date of Birth: 1971-10-07
Place of Birth: Glasgow
Michelle Mone Net Worth: Michelle Mone is a Scottish entrepreneur and former model who has a net worth of $60 million. Born Michelle Georgina Allan on 8 October 1971, in Glasgow, Scotland, she has established herself as one of the leading designers in the UK, primarily through her company MJM International Ltd, where she serves as CEO. Having left school to pursue a modeling career at 15, Michelle ended up being pregnant with her first child and got married instead. Next, she spent some time working as a marketing agent at brewer Labatt. Even though she rose to become Labatt's head of marketing in Scotland within two years, Mone was eventually laid off. This was the moment when she started to think of setting up her own company, a brassiere maker that would produce more comfy and better looking bras. Developing the idea for three years, she founded MJM International Ltd in November 1996, thus patenting the Ultimo bra. Over the years, the company has marked a remarkable progress earning Mone both great fame and fortune. Whereas for her contribution to business, Mone was honored by the Queen with an OBE. In addition to the above, she is also a mother of three who shares the same roof with her husband, even though they are formally separated. Thus, they reside in separate sections of their Thorntonhall mansion.
Michelle Georgina Mone (n?(C)e Allan) OBE (born 8 October 1971) is a Scottish entrepreneur and former model. She is CEO of MJM International Ltd, which owns the Ultimo brand.


Mone was born Michelle Georgina Allan in 1971, and grew up in the East End of Glasgow. She left school aged 15 to become a model, but this career came to an end after she became pregnant with her first child and married. She then got a marketing job with brewer Labatt, having entered fictional qualifications on her CV. Within two years, however, she had become their head of marketing in Scotland. After being made redundant by Labatt, Mone set up her own company. She decided, while wearing a very uncomfortable cleavage enhancing brassiere at a dinner dance, that she could create a better design. Her stated aims were to create a brassiere that was both more comfortable, and better looking, creating more cleavage. Mone had read about a new silicone product while on holiday in Florida, and obtained the European licence to make bras from it.
She founded MJM International Ltd in November 1996, and three years of research, design, and development resulted in the patented Ultimo bra. In August 1999, a month after having her third child, Mone launched Ultimo at Selfridges department store in London using hired actors playing Plastic Surgeons to "protest" that her new Bra would put them out of business, accompanied by a few models wearing her lingerie, all outside the store. Selfridges sold the pre-launch estimate of six weeks of stock within 24 hours, which is still[when?] known as the biggest ever bra launch in the UK, with over 50 photographers present and camera crews from all over the world.[citation needed] The business is worth ??20 million, according to the Sunday Times Rich List 2011.
In April 2000, Mone won the World Young Business Achiever Award.
The company was launched in the traditional ship building district of Glasgow, Govan, bringing needed jobs to an area which has e

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Michelle Mone Latest News

Ultimo's farewell to bras: Lingerie business set up by Michelle Mone shuts up shop in the UK

The underwear firm set up by Baroness Mone of Mayfair is winding up in the UK after 22 years in the bra business. Ultimo was set up by Michelle Mone and her husband in 1996 and the lingerie brand, whose models have included Penny Lancaster and Rachel ...
Posted: April 10, 2018, 8:40 am

Michelle Mone ‘sad’ as Ultimo announces it will cease trading in the UK

Michelle Mone has said she is “very sad” that the Ultimo underwear firm she set up 21 years ago has announced it is to cease trading in the UK. The Tory peer, now known as Baroness Mone of Mayfair, established the lingerie brand – whose models have ...
Posted: April 10, 2018, 10:29 am

EQUI Capital to Extend ICO and Widen Investment Remit

Venture Capital investment blockchain platform EQUI Capital, co-founded by UK lingerie entrepreneur Baroness Michelle Mone, is extending its initial coin offering (ICO), with a public presale starting next week, having earlier this year rapidly raised USD ...
Posted: May 14, 2018, 2:16 am
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