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Mike Ashley Net Worth

Mike Ashley net worth

What is Mike Ashley net worth?

Net Worth$2.6 billion
Full NameMichael James Wallace Ashley
Date of Birth9 September 1964
OccupationRetail entrepreneur
NationalityBritish

Mike Ashley net worth 2021: Michael James Wallace Ashley  is a British billionaire retail entrepreneur focused in the sporting goods market, and the chief executive of Frasers Group Plc. He is also the owner of Newcastle United football club having bought it for £135 million in 2007. Mike Ashley net worth is $2.6 billion.

Early Life

Mike Ashley was born on 9 September 1964 in Walsall, Staffordshire, England. He was educated at Burnham Grammar School.

n 1988 aged 24, he married Linda Jerlmyr, a Swedish-born economics graduate, and the couple have three children. The couple quietly divorced in 2003, culminating in one of the biggest settlements in British legal history, with Ashley reportedly handing over the family home, multiple properties and assets with a total worth of £50m.

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Ashley is protective of his private life. He is known to prefer casual dress of shirt and chinos or a track suit rather than a suit, and often carries his essential business tool of a mobile phone in a plastic carrier bag rather than a briefcase.

Ownerships

After leaving school at 16, he was a county-level squash player. But after injury, he became a county-level squash coach. In 1982, Ashley opened his first sport and ski shop in Maidenhead followed by others in and around London, starting with a £10,000 loan from his family.

The chain expanded quickly funded by private money, and by the late 1990s had rebranded the chain as Sports Soccer and opened over 100 stores across the United Kingdom. 

At present Derbyshire based group Sports Direct International Plc, with headquarters in Shirebrook, has over 400 UK stores including the chains Sports World, Lillywhites and Gilesports.

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The group employs more than 20,000 people in the UK and at stores in Ireland, Belgium and Slovenia. In 2006, it overtook JJB Sports as the UK’s largest sportswear retailer.

In mid-2006, it was also revealed that Ashley had held talks with John Hargreaves, founder of Matalan on both taking a 25% stake in the retail business and installing mezzanine floors in larger Matalan stores, on which Sports World outlets could be operated.

Ashley has made his money by buying brands. The first major brand he bought was Donnay. In February 2003, Ashley bought the Dunlop Slazenger brand for £40 million, followed up by acquiring outdoor gear manufacturer Karrimor in March 2003, Kangol for £10 million, boxing brand Lonsdale, most of these brands were bought from distressed sellers. After considering a takeover, Ashley took a £9 million stake and signed a long-term deal with Umbro.

Ashley has a 29.4% stake in Blacks Leisure Group, the owner of Millets and Mambo, and is thought to hold stakes in JJB Sports and 19% of JD Sports. “He likes to park his tanks on peoples’ lawns”, said one banker.

In late November 2006, a number of business newspapers reported that Ashley was looking at an IPO of Sports World International. He hired Merrill Lynch, who initially valued the group at up to £2.5bn ahead of the flotation on the London Stock Exchange.

Newcastle United

On 23 May 2007, in a surprise move, Ashley bought Sir John Hall’s 41.6% stake in Newcastle United at one pound per share, for a total cost of £55,342,223 via his company St James Holdings Ltd. Under the terms of UK takeover law, having purchased more than 30% of a listed company, he was obliged to make an offer to buy the remaining shares at the same or a greater price.

 On 31 May, it was reported that the Newcastle board were considering Ashley’s offer. On 7 June, it was confirmed that chairman Freddy Shepherd had agreed to sell his 28% share to Ashley, which left Ashley free to take control of the club.

Ashley owns a 77.06% stake in Newcastle United, on course to withdraw the club from the stock exchange having surpassed the 75% threshold required. 100% acquisition was achieved in July with Ashley paying a total of around £134 million to buy the club.

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Ashley appeared to have saved the club from certain financial ruin by paying off large sums of debt inherited from the previous regime, although he was criticised for not doing due diligence when buying the club, as he subsequently revealed he had been unaware of issues such as the upfront payment of club finances such as the Northern Rock sponsorship, and the presence of outstanding liabilities for long past player transfers.

Mike Ashley Net Worth

Mike Ashley net worth is $2.6 billion.  Ashley’s Fraser Group purchased assets from the gym and fitness chain DW Sports, in a deal worth up to £44 million. The group initially bought 46 leisure clubs and 31 retail outlets from DW Sports Fitness for £37 million to merge with its own business.

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Dave Calhoun Net Worth

Dave Calhoun net worth

Dave Calhoun net worth: David L. Calhoun is an American businessman and president and CEO of The Boeing Company. He was appointed after the then CEO, Dennis Muilenburg, was fired amidst safety issues regarding the 737 MAX after two fatal crashes that claimed the lives of 346 passengers and crew on board. Read on to find more information about Dave Calhoun net worth in this article.

Early life

Calhoun was born on April 18, 1957 in Philadelphia, Pennsylvania. He grew up in Allentown, Pennsylvania, where he graduated from Parkland High School in 1975. In high school, Calhoun was one of three captains of the varsity basketball team and he played golf In 1979, he graduated from Virginia Tech with a degree in accounting.

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Career

After Calhoun graduated from college, he gained employment at General Electric (GE). He decided to work for GE at that time, due to its close proximity to where he lived in Lehigh Valley.

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 He worked at GE for 26 years, overseeing transportation, aircraft engines, reinsurance, lighting and other GE units, before ultimately being appointed as vice chairman of the company and a member of GE’s Board of Directors in 2005.

Calhoun left GE to join privately held global information services firm VNU as CEO in 2006. Under his leadership the company rebranded itself as Nielsen Holdings, returned to the public markets in 2011, and was added to the S&P 500 Index in 2013.

 In 2014, Calhoun became executive chairman of Nielsen and also joined The Blackstone Group as a senior managing director and head of portfolio operations and a member of Blackstone’s management committee. Blackstone had been one of six private equity firms that backed Nielsen’s transformation. During his career, Calhoun was on the board of directors of Caterpillar, Gates Corporation, and Medtronic.

Boeing Career

Since 2009, Calhoun has served as a director at Boeing, and was named lead independent director in 2018. In October 2019, he was named chairman of Boeing in the wake of the Boeing 737 MAX groundings, and on December 23, 2019, he stepped down as chairman in preparation for becoming Boeing’s CEO and president, effective January 13, 2020.

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Dave Calhoun Net Worth

Dave Calhoun net worth is estimated at $ 30 million. In 2020, Calhoun earned $21.1 million in compensation. Calhoun owns over 5,000 units of Boeing Co stock worth over $4,499,450 and over the last 12 years he sold BA stock worth over $20,667,800.

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Oliver Zipse Net Worth

Oliver Zipse net worth

What is Oliver Zipse net worth: Oliver Zipse is a German manager who has been serving as Chairman of the Board of Management (CEO) of BMW. He has been the CEO since 2019. Read on to find Oliver Zipse net worth here.

Early life and education

graduated from high school in Bensheim in 1983. He studied computer science and mathematics at the University of Utah in Salt Lake City from 1983 to 1985 without obtaining a degree. In 1985 he switched to mechanical engineering at the Technische Universität Darmstadt and graduated in 1991 with a degree in mechanical engineering.

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 In 1999 he also graduated from the Kellogg-WHU Executive MBA Program which is a joint MBA degree from Kellogg School of Management, the USA, and WHU – Otto Beisheim School of Management, Germany.

Career

Zipse has spent his entire professional life at BMW AG. He joined the company in 1991 as a trainee in development, technical planning and production. From 1992 to 1994, he worked as a project engineer in technology development. From 1994 to 2006, he held various leadership positions in development, production and production planning in Munich and South Africa.

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 From 2007 to 2008 he was the plant manager at the Mini-plant Oxford. From 2009 to 2012, he was head of technical planning before becoming head of group planning and production strategy from 2012 to May 2015.

On May 13, 2015, he was appointed to the board of management of BMW AG, succeeding former chairman Harald Krüger; Zipse moved up to that position from a management role in product strategy and running the Mini assembly plant in England. His primary responsibility in that board role was for production.

One news report summarized his achievement as: “Under Zipse’s watch, BMW’s efficient production network, which he expanded in Hungary, China and the U.S., has helped the company deliver industry-leading profit margins despite its relatively small scale”.

On July 18, 2019, Zipse was appointed chairman of the Board (CEO), effective 16 August 2019. He was described by Norbert Reithofer, chairman of the supervisory board, as “a decisive strategic and analytical leader”.

Oliver Zipse Net Worth

According to mywage, Oliver takes a monthly salary of $290,000 and an annual salary of over $3 million as CEO. Zipse is an advocate of experimenting and pioneering new technologies within the BMW group

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Charles Woodburn Net Worth

Charles Woodburn net worth

What is Charles Woodburn net worth?

Charles Woodburn is a British businessman who has been the CEO of BAE Systems since July 2017.

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Woodburn earned a bachelor’s degree in electrical sciences from St John’s College at the University of Cambridge in 1992 and a PhD in engineering from Cambridge University, followed by an MBA from Erasmus University Rotterdam.

Keep reading to find Charles Woodburn net worth

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Before working for BAE Systems, Woodburn was chief executive of Expro Group, which surveys and manages oil and gas wells around the world. He had also spent 15 years at Schlumberger, an oil services company, overseeing major projects in Thailand, Australia, and the US.

On joining BAE Systems he was to be paid a base salary of £750,000 a year and given more than £1.6m to buy him out of incentive schemes at Expro. It was reported in December 2016 that he was paid a total joining package worth £3 million.

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