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Michael Ashcroft

Michael Ashcroft

M. Ashcroft
0.01% | + $0.27M
$2 B ₹ 18,212 Cr
Real Time Net Worth #2033 Ranking as of 21 Feb 2026 By Forbes

More on Michael Ashcroft

Gender

Male

Age

79Y

Country

United Kingdom

Born On

March, 1946

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Investments)

Primary Organization

House Of Lords

Titles

Member

Sources of Wealth

ADT (Sold), Impellam Group

Industry

Investments, Politics, Services

About Michael Ashcroft


M ichael Ashcroft, Baron Ashcroft, is a prominent and often controversial British businessman, philanthropist, and politician. A self-made billionaire, he built his fortune through a series of audacious and highly successful business deals. He started his career in the 1970s, acquiring and turning around struggling companies. His first major success was Hawley Group, a service company that he built into a massive international enterprise, which was later acquired by ADT. He also made a significant fortune through his controlling stake in the corporate cleaning giant, Impellam Group.

Beyond his business career, Lord Ashcroft is a major figure in British politics. He is one of the largest financial donors to the Conservative Party and has served as its deputy chairman. He holds dual British and Belizean citizenship and has significant business interests in Belize, which have sometimes been a source of controversy. He is also a prolific author of political biographies and books on bravery, and he has built the world's largest collection of Victoria Cross medals, which he has donated to the Imperial War Museum.

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Quick Reads


  • A self-made British billionaire with interests in business and politics.
  • He is a major donor to and former deputy chairman of the UK's Conservative Party.
  • Made his fortune acquiring and turning around companies, including ADT.
  • Holds dual British and Belizean citizenship.
  • Owns the world's largest collection of Victoria Cross gallantry medals.

Early Life and Background


Michael Anthony Ashcroft, KCMG, P.C., Baron Ashcroft of Chichester, is a British businessman, the self-made billionaire Founder and former Executive of ACS Group (now part of Xerox), a major business process outsourcing (BPO) company, and a former Deputy Chairman of the Conservative Party. Born in Chichester, England, in 1946, his career is rooted in business services, finance, and high-level politics.

Ashcroft's philosophical approach centers on aggressive M&A (Mergers and Acquisitions), operational efficiency, and political influence. His structural contribution is tied to the successful industrialization and globalization of the BPO sector and his controversial role in U.K. politics.

  • ACS Group (Former Founder & Owner): The core private asset, a major BPO and technology services company (sold in 2010 to Xerox for $6.4 billion).
  • Political Role: He served as Deputy Chairman of the Conservative Party and holds a seat in the House of Lords.
  • Investment Strategy: His success is built on acquiring and consolidating small service businesses (a buy-and-build strategy).
  • Controversy: His career is linked to non-domicile tax status (avoiding U.K. taxes) and high-level political scandal.

Career Journey of Michael Ashcroft


Lord Michael Ashcroft's strategic genius was his commitment to consolidating the BPO sector. He founded AdTrak (precursor to ACS) in the 1970s, which grew through aggressive acquisition of small service and security companies. His structural contribution is immense: pioneering the outsourced service model in the U.K. and internationally. The pinnacle of his financial career was the $6.4 billion sale of ACS to Xerox in 2010.

His public focus shifted to politics (serving as Treasurer of the Conservative Party) and philanthropy. He was embroiled in a major political scandal over his non-domicile tax status (eventually relinquishing his seat in the House of Lords to comply with U.K. tax laws). His wealth is secured by the colossal liquid gains from the ACS sale and his long-term private investments.

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Michael Ashcroft's Timeline


1970s (approx.):

Founds AdTrak (precursor to ACS) (Founding).

1990s:

Becomes a major political donor to the Conservative Party (Political Entry).

2000 (November):

Receives a life peerage in the House of Lords (Civic Honor).

2010 (February):

Sells ACS to Xerox for $6.4 billion (Major Exit).

2015:

Resigns from the House of Lords over tax issues (Political Transition).

Ongoing:

Continues as Founder and philanthropic leader (Executive Oversight).

Major Business Ventures and Investments


Michael Ashcroft's wealth is concentrated in the liquid capital generated from the $6.4 billion sale of ACS to Xerox and his private investment holding, Ashcroft Holdings.

  • ACS Group (Former Founder & Owner): The core private asset, a major BPO and technology services company (sold in 2010 to Xerox for $6.4 billion).
  • Political Role: He served as Deputy Chairman of the Conservative Party and holds a seat in the House of Lords.
  • Investment Strategy: His success is built on acquiring and consolidating small service businesses (a buy-and-build strategy).
  • Controversy: His career is linked to non-domicile tax status (avoiding U.K. taxes) and high-level political scandal.

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Philanthropy and Social Impact


Lord Ashcroft's social impact is structural, stemming from ACS Group's role as a massive global employer and provider of essential BPO services. His personal philanthropy is massive, focusing intensely on veteran welfare and educational causes (through the Ashcroft Trust). His political career provided a major structural contribution to U.K. political finance.

His structural contribution is tied to the successful monetization and scale of the outsourcing sector.

Fashion, Style, and Lifestyle


Lord Michael Ashcroft maintains the professional, composed style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the global service sector.

Residing in Belize (for tax purposes, maintaining a private home in the U.K.), his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to investment strategy, political advocacy, and philanthropy.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He sold his BPO company, ACS, to Xerox for $6.4 billion in 2010.
  • He was a Deputy Chairman of the Conservative Party and holds a seat in the House of Lords.
  • He resigned from the House of Lords due to his non-domicile tax status.
  • His first business was a sandwich delivery service (from a related search).
  • His charity focuses on veteran welfare and crime fighting.
  • He holds the honorific KCMG (Knight Commander of the Order of St Michael and St George).
  • His wealth is tied to the successful monetization of the business process outsourcing (BPO) model.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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