About
- Name: MICHAEL ASHCROFT
- English name: MICHAEL ASHCROFT
- Native name: ---
- Alias: ---
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Description: Michael ashcroft's fortune comes from buying and selling a number of companies, most notably home security giant adt. he purchased adt in 1987 then flipped it to tyco international in 1997 for $6.7 billion; proceeds from the sale still form the bulk of his fortune. a longtime conservative party supporter, he served as deputy chairman from 2005 to 2010, and stepped down from the house of lords in march 2015. ashcroft is also a major investor in belize and previously served as the belizean ambassador to the united nations from 1998 to 2000.
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