03 January 2024 , 07:00
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Tory peer Michelle Mone and her billionaire husband Doug Barrowman are having an £80million fire sale of their luxury houses, private jet and superyacht.
It comes as Baroness Mone revealed her bank accounts have been frozen during a two-year NCA police investigation. PPE Medpro, which they are closely linked to, is fighting a £133m High Court claim from the Department for Health over gowns rejected by the Government. The Mirror can reveal that the couple have slashed the price of some of their prized assets, owned through a string of offshore companies.
As well as the yacht – named Lady M – there is a £7.5m Cessna Citation CJ4 private jet and a £41m six-bedroom luxury villa on the elite Caribbean holiday island of St Barts. Mr Barrowman’s spokesman attacked the “media’s ridiculous obsession with every tiny detail of Michelle and Doug’s personal life”.
$55million 'Lady M' pleasure yacht (DAILY RECORD)The Cessna, which was bought new in early 2021, has been listed for sale by a US plane broker. It is registered to an Isle of Man-based company called Cabbane Limited, which listed Anthony Page as a director. Mr Page was a director of PPE Medpro, while Mr Barrowman is the sole shareholder of Cabbane.
His St Barts villa, rented out to A-listers including Jay Z and Beyonce for £16,000 a night, has been on sale since 2021. But the price has been slashed from £63m to £41m, with new agents describing it as a “remarkable property perched atop Saint Jean, a few steps away from the beach”. Mr Page said in 2021 Mr Barrowman was looking to sell Villa Neo because he prefers spending time on his luxury yacht, which itself has been on sale for more than a year.
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The St Barts villa, rented out for £16,000 a night, has been on sale since 2021The vessel became infamous when Baroness Mone posted a picture of herself on deck in the Mediterranean in August 2021 with the caption: “Business isn’t easy. But it is rewarding.” It is owned through an Isle of Man company called LM Yachts Ltd, run by former PPE Medpro director Voirrey Coole. The price has plunged from nearly £10m to less than £7m. The couple’s lavish London townhouse was sold off last year for £19m. The Mirror also understands their £7m villa in the Algarve, Portugal, has been sold.
Michelle Mone’s husband’s Doug Barrowman’s private jet (Tim Merry / Daily Mirror)A spokesman for Mr Barrowman said: “The media’s ridiculous obsession with every tiny detail of Michelle and Doug’s personal life continues to reach desperate levels. They have both been very successful in business for decades, so if the Daily Mirror plans to write about every asset that they own, might be buying or could be selling, its journalists would writing for a very long time. This is a futile attempt to distract from Doug Barrowman’s robust fightback against the PPE Medpro allegations over the last few weeks.”
Baroness Mone admitted she “regrets” lying about her links to PPE Medpro (Dave Benett/Getty Images)
She revealed her bank accounts have been frozen during a two-year NCA police investigation (PA)Last month, PPE Medpro funded a 70-minute documentary released on YouTube and the couple appeared on Laura Kuenssberg’s BBC politics show. On New Year’s Day, Mr Barrowman issued a statement complaining that he and his wife had been made “scapegoats”.
Michelle Mone and Doug Barrowman’s jet was listed for saleUnderwear tycoon Baroness Mone admitted she “regrets” lying to the Mirror when we revealed her links to PPE Medpro in 2020. The firm won more than £200m in Government contracts during Covid.