Forbes List: Top Richest People in Turks and Caicos 2018

8. Michael Ashcroft


Michael Ashcroft’s fortune comes from buying and selling a number of companies, most notably home security giant ADT.

He purchased ADT in 1987 then flipped it to Tyco International in 1997 for $6.7 billion; proceeds from the sale still form the bulk of his fortune.

A longtime Conservative Party supporter, he served as deputy chairman from 2005 to 2010, and stepped down from the House of Lords in March 2015.

Ashcroft is also a major investor in Belize and previously served as the Belizean Ambassador to the United Nations from 1998 to 2000.

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