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What Is Michael Heseltine’s Net Worth In 2022?

What Is Michael Heseltine’s Net Worth In 2022?

Michael Heseltine is a Conservative politician and business-man best known for serving as Deputy Prime Minister under John Major

Michael Heseltine is a British Conservative politician and businessman best known for serving as Deputy Prime Minister between 1997-1995 under Prime Minister John Major.

Throughout his political career, Heseltine has seen huge success, and popularity with the British public.

In 1990, Heseltine even challenged Margaret Thatcher for control of the Conservative Party, winning enough votes to offset Thatcher’s outright electoral victory, resulting in her resignation.

Heseltine has also supported political campaigns which were not stereotypically traditional for the Conservative Party, including backing the economic regeneration of Liverpool in the early 1980s when it was on the brink of financial collapse.

He also introduced the “Right To Buy” campaign from the outset of his political career as Secretary of State for the Environment, which allowed families to purchase their council homes.

But, after admitting he would rather vote for the Liberal Democrats than the Conservatives in 2019, time was called on Heseltine’s association with the Conservatives.

However, most recently, Heseltine has risen to prominence once again with his political wisdom in the debate over Prime Minister Boris Johnson’s resignation.

Before Rishi Sunak and Sajid Javid’s resignations had even taken place, Heseltine boldly stated that the Conservative Party must lose the next general election to “heal” divisions within the party.

Now aged 89, and with a long career of political service under his belt just how much is Michael Heseltine worth in 2022?

What Is Michael Heseltine’s Net Worth?

As of 2022, Michael Heseltine has an estimated net worth of $3 million (£2.5 million), according to IdolNetWorth.

Before beginning his political career in the early 1970s, Heseltine already had a secure career behind him. He began training as an accountant with Peat Marwick and Mitchell in 1955, whilst also capitalising on the booming property market of the 1950s by developing properties.

This resulted in a partnership with his University of Oxford roommate, which saw them plugging their family inheritance into a brand new property development company named Michian.

Together, the pair renovated Thurston Court Hotel, alongside converting five houses in Inverness into a 45-bedroom boarding house to reap the financial benefits.

Heseltine’s name has also dominated the publishing industry for years, as he later founded the magazine publishing company Cornmarket Press, which became fully funded by advertisements and aimed to produce freely accessible directories of job opportunities for recent graduates. 

To dodge Cornmarket owing an extortionate amount to printing companies, Heseltine accepted high stakes in a joint-owned business venture, which saw the formation of his more famous publishing company, Haymarket.

Haymarket primarily specialised in producing magazines for the British Institutes of Marketing, Personnel Management and Computing, solidifying Heseltine’s reputation as an experienced businessman in the UK.

Now, in 2022, Heseltine writes a column for the Financial Times, while remaining on the periphery of British politics. 

He currently lives in Thenford House, Northamptonshire, and has resided there with his wife and family since 1976.

The Grade I listed building is home to over 70 acres of land, and even has its own swimming pool. 

Featured Image Credit: Alamy

Topics: Celebrity Net Worth, Politics