The fantastic life of billionaire investor Mike Ashley, Britain's answer to Howard Hughes
He may live in a mansion now but he grew up in a bungalow in Burnham, Buckinghamshire, like this one.
![The fantastic life of billionaire investor Mike Ashley, Britain's answer to Howard Hughes](/_next/image?url=https%3A%2F%2Fstaticbiassets.in%2Fthumb%2Fmsid-46221633%2Cwidth-700%2Cheight-525%2Cimgsize-72876%2Fhe-may-live-in-a-mansion-now-but-he-grew-up-in-a-bungalow-in-burnham-buckinghamshire-like-this-one-.jpg&w=3840&q=75)
And this is where he allegedly lives now.
![And this is where he allegedly lives now.](https://staticbiassets.in/thumb/msid-46221635,width-700,height-525,imgsize-371265/and-this-is-where-he-allegedly-lives-now-.jpg)
One eagle-eyed local called Jules has taken photos of what is believed to be Ashley's home in Totteridge, and published them on Flickr. Apparently, Ashley has a penchant for epic Christmas lighting at his North London village home.
He was described as a 'dedicated but average' student by his peers at Burnham Grammar School.
![He was described as a](https://staticbiassets.in/thumb/msid-46221636,width-700,height-525,imgsize-216933/he-was-described-as-a-dedicated-but-average-student-by-his-peers-at-burnham-grammar-school-.jpg)
But Ashley's plan to become a pro squash player was scuppered by an injury at 16. (It's not clear what, exactly, the injury was.)
![But Ashley](https://staticbiassets.in/thumb/msid-46221638,width-700,height-525,imgsize-119743/but-ashleys-plan-to-become-a-pro-squash-player-was-scuppered-by-an-injury-at-16-its-not-clear-what-exactly-the-injury-was-.jpg)
After telling teachers he would 'run his own shop one day,' he opened his first location in 1981.
![After telling teachers he would](https://staticbiassets.in/thumb/msid-46221641,width-700,height-525,imgsize-249236/after-telling-teachers-he-would-run-his-own-shop-one-day-he-opened-his-first-location-in-1981-.jpg)
His athletic wear chain, Sports Direct, is now worth £4.3 billion alone.
![His athletic wear chain, Sports Direct, is now worth £4.3 billion alone.](https://staticbiassets.in/thumb/msid-46221644,width-700,height-525,imgsize-2866450/his-athletic-wear-chain-sports-direct-is-now-worth-4-3-billion-alone-.jpg)
That's not accounting for his ownership in other sports and outdoor companies.
His purchases have included Donnay, Dunlop Slazenger, Karrimor, Kangol and boxing brand Lonsdale.
Ashley also has a massive stake in Blacks Leisure Group, the owner of Millets and Mambo
His 'bargain basement' sportswear empire became a national obsession when he launched the Sports Direct IPO in 2006.
![His](https://staticbiassets.in/thumb/msid-46221645,width-700,height-525,imgsize-3521956/his-bargain-basement-sportswear-empire-became-a-national-obsession-when-he-launched-the-sports-direct-ipo-in-2006-.jpg)
Only one year after the IPO, he bought Newcastle United for £134 million.
![Only one year after the IPO, he bought Newcastle United for £134 million.](https://staticbiassets.in/thumb/msid-46221647,width-700,height-525,imgsize-2010765/only-one-year-after-the-ipo-he-bought-newcastle-united-for-134-million-.jpg)
Despite being a 'recluse,' Ashley likes to mingle with Newcastle fans regularly.
![Despite being a](https://staticbiassets.in/thumb/msid-46221649,width-700,height-525,imgsize-222787/despite-being-a-recluse-ashley-likes-to-mingle-with-newcastle-fans-regularly-.jpg)
Ashley is "just one of the lads," according to one fan called 'Beefy' (real name Keith Roberts) who spoke to NUFC.com and posted a picture online. “He was just walking past in the ground on his way to his seat and I said can I have my photo taken with you," said Roberts. “I lifted my top and he just said to me, ‘Well you’ve got your belly out then I’ll have to get mine out.’"
He may be a billionaire but he uses a plastic bag as a briefcase.
![He may be a billionaire but he uses a plastic bag as a briefcase.](https://staticbiassets.in/thumb/msid-46221651,width-700,height-525,imgsize-159478/he-may-be-a-billionaire-but-he-uses-a-plastic-bag-as-a-briefcase-.jpg)
According to the Herald Scotland, "he often wears scuffed jeans, with his shirt either rumpled or hanging out, and has been seen to carry his mobile phone and wallet in a plastic bag."
So, how did he become so successful, so quickly? He is ruthless. One banker, during the 2006 IPO, said Ashley likes to "park his tanks on peoples' lawns."
![So, how did he become so successful, so quickly? He is ruthless. One banker, during the 2006 IPO, said Ashley likes to "park his tanks on peoples](https://staticbiassets.in/thumb/msid-46221654,width-700,height-525,imgsize-419276/so-how-did-he-become-so-successful-so-quickly-he-is-ruthless-one-banker-during-the-2006-ipo-said-ashley-likes-to-park-his-tanks-on-peoples-lawns-.jpg)
He ratted out his rivals in 2000, when he told the Office of Fair Trading that other companies were trying to fix the price of football shirts.
![He ratted out his rivals in 2000, when he told the Office of Fair Trading that other companies were trying to fix the price of football shirts.](https://staticbiassets.in/thumb/msid-46221655,width-700,height-525,imgsize-3851324/he-ratted-out-his-rivals-in-2000-when-he-told-the-office-of-fair-trading-that-other-companies-were-trying-to-fix-the-price-of-football-shirts-.jpg)
Then in 2014, he bought a portion of Rangers FC but was prevented from increasing the stake due to a conflict of interest with his ownership of Newcastle United.
![Then in 2014, he bought a portion of Rangers FC but was prevented from increasing the stake due to a conflict of interest with his ownership of Newcastle United.](https://staticbiassets.in/thumb/msid-46221657,width-700,height-525,imgsize-233729/then-in-2014-he-bought-a-portion-of-rangers-fc-but-was-prevented-from-increasing-the-stake-due-to-a-conflict-of-interest-with-his-ownership-of-newcastle-united-.jpg)
He also likes to party. He spent £125,000 on champagne at the Pink Elephant nightclub in New York in 2008, on a night out with friends.
![He also likes to party. He spent £125,000 on champagne at the Pink Elephant nightclub in New York in 2008, on a night out with friends.](https://staticbiassets.in/thumb/msid-46221660,width-700,height-525,imgsize-206361/he-also-likes-to-party-he-spent-125000-on-champagne-at-the-pink-elephant-nightclub-in-new-york-in-2008-on-a-night-out-with-friends-.jpg)
He also reportedly lost £1 million in two hours on the craps tables at London's Aspers Casino in 2011.
![He also reportedly lost £1 million in two hours on the craps tables at London](https://staticbiassets.in/thumb/msid-46221661,width-700,height-525,imgsize-386252/he-also-reportedly-lost-1-million-in-two-hours-on-the-craps-tables-at-londons-aspers-casino-in-2011-.jpg)
But he keeps it real, too: This video of Ashley downing a pint at a football match in less than 10 seconds is legendary. (Give this gif a few moments to load.)
![But he keeps it real, too: This video of Ashley downing a pint at a football match in less than 10 seconds is legendary. (Give this gif a few moments to load.)](https://staticbiassets.in/thumb/msid-46221662,width-700,height-525,imgsize-18949988/but-he-keeps-it-real-too-this-video-of-ashley-downing-a-pint-at-a-football-match-in-less-than-10-seconds-is-legendary-give-this-gif-a-few-moments-to-load-.jpg)
He once even performed an inpromptu striptease in a Chinese restaurant in 2011.
![He once even performed an inpromptu striptease in a Chinese restaurant in 2011.](https://staticbiassets.in/thumb/msid-46221663,width-700,height-525,imgsize-119107/he-once-even-performed-an-inpromptu-striptease-in-a-chinese-restaurant-in-2011-.jpg)
You're welcome to check out the pictures here.
But he doesn't always have the Midas Touch. In 2008, he lost around £300 million after HBOS bank collapsed following the credit crisis.
![But he doesn](https://staticbiassets.in/thumb/msid-46221664,width-700,height-525,imgsize-676178/but-he-doesnt-always-have-the-midas-touch-in-2008-he-lost-around-300-million-after-hbos-bank-collapsed-following-the-credit-crisis-.jpg)
He also heavily invested in Tesco and Debenhams before both retailers' stocks were crushed by profit warnings and accounting scandals.
![He also heavily invested in Tesco and Debenhams before both retailers](https://staticbiassets.in/thumb/msid-46221666,width-700,height-525,imgsize-1500367/he-also-heavily-invested-in-tesco-and-debenhams-before-both-retailers-stocks-were-crushed-by-profit-warnings-and-accounting-scandals-.jpg)
Ashley has been quiet recently. But he may be forced to talk to politicians over the collapse of USC in February 2015.
![Ashley has been quiet recently. But he may be forced to talk to politicians over the collapse of USC in February 2015.](https://staticbiassets.in/thumb/msid-46221667,width-700,height-525,imgsize-1336450/ashley-has-been-quiet-recently-but-he-may-be-forced-to-talk-to-politicians-over-the-collapse-of-usc-in-february-2015-.jpg)
USC is one of the units within his Sports Direct clothing empire.
British lawmakers want to know why Ashley let USC collapse — with the loss of 200 jobs — but then immediately bought the company back after it went into administration.
You've seen the incredible life of Mike Ashley ...
![You](https://staticbiassets.in/thumb/msid-46221668,width-700,height-525,imgsize-813013/youve-seen-the-incredible-life-of-mike-ashley-.jpg)
Popular Right Now
Popular Keywords
Advertisement