Michelle Mone Net Worth
Baroness Michelle Mone is a Scottish entrepreneur, former model, and lingerie designer who has a net worth of $120 million. Best known as the founder of the luxury lingerie brand Ultimo, she rose from modest beginnings in Glasgow to become one of the most prominent self-made businesswomen in the UK.
- Michelle Mone Net Worth: $120 Million
- Date of Birth: October 8, 1971
- Place of Birth: Glasgow, Scotland
Early Life
Michelle Georgina Allan was born on October 8, 1971, in Glasgow, Scotland. She left school at the age of 15 to pursue work and briefly tried modeling. At 19, she became pregnant with her first child with Michael Mone, whom she later married. The couple went on to have three children together before divorcing in 2011.
Michelle began building her business and marketing knowledge working at brewer Labatt, where she quickly climbed the ranks to become the company’s head of marketing in Scotland. After being made redundant, she decided to start her own business.
Creating Ultimo
In 1996, after three years of research and product development, Michelle founded MJM International Ltd, which later became known as Ultimo. The brand revolutionized women’s lingerie with its patented Ultimo bra, known for improved comfort, lift, and design.
Ultimo grew quickly and became a major name in the lingerie world, stocked in major retailers across the UK and abroad. Michelle became known as the “Bra Queen” for her innovations in shapewear and lingerie technology.
Business Empire and Exit
- Company Founded: MJM International Ltd (1996)
- Flagship Product: The Ultimo bra
- Expansion: Full lingerie collections under the Ultimo brand
- Sale: Michelle sold her entire stake in Ultimo in 2015
Michelle Mone Honors and Recognition
- OBE (Order of the British Empire) awarded in 2010 by Queen Elizabeth II for her contributions to business
- Elevated to the UK House of Lords as Baroness Mone of Mayfair in 2015
- Known as a high-profile advocate for entrepreneurship, particularly for women in business
Personal Life
Michelle was married for nearly 20 years to her first husband, Michael Mone. After their divorce in 2011, the pair continued to live in different wings of their shared mansion while co-parenting their children — a notable arrangement that made headlines.
She later married Scottish billionaire entrepreneur Doug Barrowman, with whom she now shares business interests and a luxurious lifestyle.
What is Michelle Mone’s Net Worth?
Michelle Mone net worth is $120 million.
Author: Andrew Walyaula
Andrew Walyaula is a seasoned multimedia journalist. satrendmagazine@gmail.com
