Michelle Mone, Baroness of Mayfair, is a self-made Scottish entrepreneur and lingerie tycoon with an estimated net worth of $120 million. Best known as the founder of the Ultimo lingerie brand, Mone transformed a single idea into a global business empire, earning her a reputation as one of the UK’s most successful businesswomen.
| Michelle Mone Net Worth | $120 Million |
| Date of Birth | October 8, 1971 |
| Place of Birth | Glasgow |
| Nationality | Scottish |
| Profession | Entrepreneur, Model, Businessperson |
Early Life
Born Michelle Georgina Allan on October 8, 1971, in Glasgow, Scotland, Mone left school at the age of 15 to pursue modelling. By 19, she became a mother for the first time after marrying Michael Mone, with whom she had three children. The couple divorced in 2011, though they continued living under the same roof—each occupying separate wings of their shared mansion to co-parent their children.
Before launching her own business, Mone worked as a marketing executive at Labatt Brewing Company, where she quickly climbed the ranks to become head of marketing for Scotland. After being laid off, she decided to channel her entrepreneurial spirit into a problem she identified firsthand: uncomfortable, unattractive bras.
Building the Ultimo Empire
In 1996, Mone launched MJM International Ltd, which would later become Ultimo, after three years of developing a revolutionary bra design. Her product—branded as the Ultimo bra—featured unique silicone gel technology that offered both comfort and enhancement, instantly setting her brand apart.
Ultimo became a household name in the UK lingerie market, worn by celebrities and featured in major retail stores. Mone expanded the brand to include various lingerie lines and shapewear, successfully positioning Ultimo as a luxury and performance hybrid in women’s undergarments.
In 2015, she sold 100% of her stake in Ultimo, marking a major cash-out and solidifying her financial success.
Political Appointment
Mone’s business achievements did not go unnoticed. In 2010, she was awarded an Order of the British Empire (OBE) by Queen Elizabeth II for her “outstanding contribution to business”. In 2015, she was made a life peer in the House of Lords, adopting the title Baroness Mone of Mayfair.
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Her appointment stirred both admiration and controversy, given her outspoken views and business-centric approach to politics. Despite this, she remained a notable figure in public discourse on entrepreneurship, women’s empowerment, and UK business policy.
Marriage to Doug Barrowman
Michelle Mone is now married to Doug Barrowman, a wealthy entrepreneur and chairman of the Knox Group of Companies. The couple live a high-profile lifestyle, frequently featured in tabloids for their opulent parties, exotic holidays, and philanthropic ventures.
Controversies
Despite her business acclaim, Michelle Mone has faced public scrutiny in recent years. Media investigations have linked her and her husband to controversial PPE contracts awarded during the COVID-19 pandemic, though she has denied any wrongdoing. These allegations remain a point of contention and investigation, casting a shadow over her otherwise celebrated career.
Michelle Mone Net Worth
Michelle Mone net worth is $120 million.
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