MICHELLE Mone is a Scottish entrepreneur and Conservative peer.
Here’s everything you need to know about the Baroness…
Who is Michelle Mone?
Baroness Mone is a Scottish entrepreneur and parliamentarian.
Born Michelle Allan on October 8, 1971, she grew up in Glasgow’s East End as an only child after losing her younger brother to spina bifida.
She founded lingerie company Ultimo in 1996 at the age of just 25 in a bid to make a comfortable, yet cleavage-enhancing bra.
Together with her then husband Michael Mone they founded MJM International and built it up into a £39million business.
Mone sold all of Ultimo in 2014, describing her 17 years at the helm as a “roller coaster ride”.
In April 2018 she expressed her disappointment that Ultimo would cease trading in the UK.
Since her resignation she has launched tanning brand Utan And Tone.
She has also launched her own interior design company Michelle Mone Interiors, aimed at hotels and net worth individuals.
Who’s Michelle Mone’s fiancé and does she have children?
Michelle’s fiancé is Scottish businessman Douglas Barrowman, 53, who she started dating in 2016.
The baroness announced their Christmas Day engagement by posting a snap of them on Instagram captioned: “I said YES.”
The couple live together in a luxury mansion on the Isle of Man.
Michelle has three children from her previous marriage to Michael Mone – Rebecca, Declan and Bethany.
The couple divorced in 2011.
When did Michelle Mone become a baroness?
Mone grew up a staunch Labour Party supporter, in line with the rest of her family.
But she withdrew her support in 2009 when Gordon Brown increased the top income tax rate to 50 per cent.
In 2010 she was appointed an OBE for “services to the lingerie industry” in the 2010 New Year Honours.
David Cameron then appointed Mone as a Conservative peer in 2015.
Ms Mone was also a high-profile supporter of the Better Together campaign during the run-up to the 2014 Scottish independence referendum.
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What’s Michelle Mone’s net worth?
Baroness Mone’s net worth is not known but is estimated at around £20million.
Her fiancé Douglas Barrowman is worth an estimated £1billion.
Mone is one of the highest paid business speakers in the UK, charging up to £25,000 per speech within the UK.
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