Michelle Mone Bio, Age, Career, Net Worth, Family & More »

Scottish businesswoman and life peer, Michelle Mone founded MJM International Ltd and Ultimo, along with her husband Michael Mone, and has ventures in naturopathic weight-loss pills and fake tan products.

She denied any inkling of contracts given to her husband’s PPE firm, Medpro, during the COVID-19 epidemic. Mone took a leave of absence in 2022 when the House of Lords began an investigation. Regarding faulty products, the UK government intends to sue PPE Medpro for £122 million plus fees.

Michelle Mone Biography

Michelle Georgina Mone, Baroness Mone, OBE, is a Scottish businesswoman and life peer. Born on October 1971, she grew up in Glasgow’s East End, where she experienced the death of her younger brother and her father’s cancer.

She left school at 15 with no qualifications and pursued a modelling career. Mone worked at Labatt brewing and later set up her own business at 23.

She has since established several businesses, including MJM International Ltd and Ultimo, along with her husband Michael Mone. Mone became a Conservative life peer in 2015 and denied any involvement with her husband’s company, PPE Medpro, during the COVID-19 pandemic.

In January 2022, the House of Lords launched investigations into Mone’s links to the contracts. Mone took a leave of absence from the House of Lords to clear her name amid the allegations.

In December 2023, she disclosed her involvement with PPE Medpro and claimed her previous denials were to protect her family.

Michelle Mone Age

Mone was born on October 8, 1971, hence she is currently 52 years of age.

Michelle Mone Net Worth

Mone has a net worth estimated to be about $120 million as of 2023. She has amassed her impressive net worth from her numerous business ventures and perhaps other ventures.

Michelle Mone Career

Mone started her career as a marketing intern at Labatt Brewery and later became head of marketing for Scotland. She later started her own company, MJM International, with her ex-husband Michael.

In 1999, she introduced the Ultimo lingerie line, which was inspired by her experience wearing an uncomfortable bra. Mone left MJM International in 2013 after her marriage fell apart, and the parent company, Ultimo Brands International Ltd., received the business assets.

In 2014, Mone sold her 20% share of Ultimo Brands International to partner MAS Holdings. She filed a claim for unfair dismissal from her employer, which was successful in 2014. Mone then sold most of her shares in Ultimo Beauty and now owned 100% of Ubeauty Global.

In 2016, Mone modified the company’s structure to remove the requirement for it to release public trade accounts. The company’s 2014-2016 financial statements showed assets of £23,000, and Mone declared the business had been sold in March 2017.

In 2017, Mone and her partner Doug Barrowman unveiled a £250 million home complex in Dubai, which was on hold due to construction issues. In 2018, Mone and her partner Doug Barrowman introduced the cryptocurrency Equi, aiming to generate $US80 million for early-stage businesses. The company hired thousands of people to promote the coin, but only managed to raise £1,600.

The Sunday Times reported that the initiative had “flopped” in August 2018, exposing the total absence of oversight in the ICO market.