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Tycoon settles with former husband

Mone buys out ex-husband’s share of home

Michelle Mone LordsFormer lingerie tycoon Michelle Mone has bought her ex-husband’s share of their Lanarkshire home to become sole owner of the luxury property.

The couple, who were married for 19 years, tried to sell the five-bed property in Thorntonhall in 2012 for £1.6m but it failed to find a buyer.

Baroness Mone, who was elevated to the House of Lords last year by former Prime Minister David Cameron, bought the house with her former husband for £1,525,000 in 2008.

She has been trying to buy out her ex-husband for two years and he has finally agreed to sell. It’s thought she paid £125,000 for his share.

Alongside a photograph showing the house’s kitchen, she tweeted: “Some things in life are worth waiting for! 3 new homes in 4 weeks… incredible but never again. Time to celebrate”.

She and her husband started the Ultimo lingerie business in 1996 before they split in 2011 and last year she produced a report for Mr Cameron’s Government on the obstacles facing people in poorer areas who want to start a business. It is not known what action the government intends to take in response to the report.

Baroness Mone, who is now selling jewellery and tanning products, is currently on a world speaking tour.

 

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2 Comments to Mone buys out ex-husband’s share of home

  1. Brendan says:

    Is this the Daily Mail? Who cares!

    • Terry Murden, Editor says:

      This features among the ‘diary’ items as a lighter story. It was carried by most of the newspapers, including the ‘quality’ papers. It was also the second best read item on the Daily Business website on the day. So we are giving the readers what they want to read.

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