Mike Ashley Net Worth is$3.5 Billion
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Profession: Businessperson | Entrepreneur | Investor
Date of Birth: 1963
Nicknames: Michael James Wallace Ashley
Ethnicity: British people
Country: Burnham
Michael Ashley Net Worth: Michael Ashley is an English retail entrepreneur who has a net worth of $3.5 billion. Making his fortune in the sporting goods market through his retailing group Sports Direct, Ashley is also the owner of the Premier League soccer club Newcastle United. Born Michael James Wallace Ashley in 1964/65, Burnham, Buckinghamshire, he started his sports-clothing chain after leaving school in 1982. He remained the company's sole owner until a 2007 IPO, when he also sold a portion of the company and pocketed $1.8 billion. Later that year, upon becoming a billionaire, Ashley gave around ?135 million to buy Newcastle. Not happy with the deal, he unsuccessfully tried to sell the club twice and upset fans by renaming the club's home stadium the Sports Direct Arena. A reclusive person and shrewd negotiator who prefers casual dress, Michael Ashley remains executive deputy chairman of Sports Direct and owner of Newcastle.
Michael James Wallace "Mike" Ashley (born 1964 or 1965, Burnham, Buckinghamshire) is an English billionaire retail entrepreneur in the sporting goods market. He is also the owner of Newcastle United after paying around ??135 million to buy the club.
Ranked 15th (in Britain only) in the 2012 version of the Forbes Magazine with estimated wealth of ??1.5billion, Ashley was seen as an intensely private person, who never attended industry functions or gave interviews.Philip Beresford, who compiles the annual Sunday Times list, said neither he nor his staff have ever managed to contact Ashley, and describes him as "easily Britain's answer to the late Howard Hughes."
However, since Sports Direct International Plc went public, and his purchase of Newcastle United where he took to sitting in the stands with fans, Ashley has taken on a more public and accessible persona. However since the departure of Kevin Keegan as manager and the club's relegation, Ashley has only made low key appearances when attending Newcastle matches.


Ashley grew up in Burnham, Buckinghamshire, where his parents still live in a modest bungalow. He was educated at Burnham Grammar School.
In 1988 aged 24, he married Linda, a Swedish-born economics graduate, and the couple had three children: Matilda, Anna and Oliver. The family home was a former 16-bedroom hotel. The couple quietly divorced in 2003, agreeing one of the biggest settlements in British legal history, with Ashley reportedly handing over the family home, property and assets with total worth of ??50m.
Little is known of Ashley's private life today. He is known to prefer casual dress of shirt and chinos or a track suit over a suit, and often carries his essential business tool of a mobile phone in a plastic carrier bag over a brief case. Thought to live alone in a large house on the edge of a Hertfordshire village, the building is hidden by trees, and CCTV cameras keep watch over the locked gates at the entrance to the ha

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Mike Ashley Latest News

Mike Ashley can help Newcastle steer clear of relegation – but will he sanction the funds to aid them?

There is not a saviour riding to the rescue, there is not going to be a takeover before the end of the year, so the only person who can save Newcastle United from relegation is Mike Ashley, after Leicester City inflicted a sixth defeat in seven games.
Posted: December 10, 2017, 2:30 pm

Newcastle legend Shearer launches new attack on Ashley: Lack of respect

Newcastle United legend Alan Shearer has launched a new attack on owner Mike Ashley after their defeat to Leicester City. The former England captain was quick to take to Twitter to call on Ashley to sell the club immediately and he nailed the feeling among ...
Posted: December 11, 2017, 3:43 am

Friday is Ron Ashley Reunion Night at Prospect

Especially in the summers. Ashley was in charge of that program and got players running, weightlifting and working to improve their games. It was one of the things former Prospect star and Cubs manager and coach Mike Quade recalled in a phone conversation ...
Posted: December 7, 2017, 9:51 pm
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