12. Lord Michael Ashcroft – $1.4 billion
A fortune of $1.4 billion makes Michael Ashcroft Britain’s richest politician.
When you own such vast quantities of money, the accent falls on seeking ways to reduce your tax burden. Michael Ashcroft did something completely incompatible with his “lord” status. He adopted the status of a tax exile and entrusted his money with the tax haven of Turks and Caicos Islands.
A member of the Conservative Party, Ashcroft took a seat in the House of Lords (upper British Parliament) until 2015. He was appointed a life peer, despite his peculiar tax status.