Michelle Mone and Husband Buy £10m Miami Apartment Despite £122m PPE Scandal

Strategic Insights -

Former lingerie tycoon Michelle Mone and her husband Douglas Barrowman have purchased a £10m luxury apartment on Miami's exclusive Fisher Island, just months after a High Court ruling ordered Barrowman's company, PPE Medpro, to repay £122m to the UK Government for substandard surgical gowns supplied during the Covid pandemic. The couple, who have begun offloading some of their British property empire, had to undergo a rigorous vetting process to secure the sale, which was approved by the elite Fisher Island Club. The island, known as 'Billionaire Island', boasts some of the country's most expensive houses and a dazzling list of celebrity property owners, including Julia Roberts and Jeff Bezos.

Key Takeaways:

  • Michelle Mone and her husband Douglas Barrowman have purchased a £10m luxury apartment on Miami's Fisher Island despite a £122m PPE scandal.
  • The couple had to undergo a rigorous vetting process to secure the sale, which was approved by the elite Fisher Island Club.
  • PPE Medpro, owned by a consortium led by Mr Barrowman, was ordered to repay £122m to the Government for supplying substandard surgical gowns during the Covid pandemic.
  • The company has filed for administration, making it unclear if the funds can be recovered.
  • The Fisher Island condo was sold by estate agent Jill Eber, who cited client confidentiality when asked about the sale.
  • The island is ranked as one of the richest places in the US in terms of income per head, with some of the country's most expensive houses and celebrity property owners, including Julia Roberts and Jeff Bezos.
  • The couple have begun offloading some of their British property empire, including their £19m London townhouse and two Glasgow properties.

Statistics:

  • £10m: cost of the luxury apartment purchased by Michelle Mone and her husband Douglas Barrowman.
  • £122m: amount ordered to be repaid to the Government by PPE Medpro for supplying substandard surgical gowns during the Covid pandemic.
  • £6.8m: cost of the couple's 40ft yacht, Lady M, which they have sold.
  • £19m: cost of the London townhouse being offloaded by the couple.
  • 54: age of Michelle Mone.
  • 35: number of years Douglas Barrowman has been buying and selling assets.

Sources:

  • The Mail on Sunday
  • The High Court ruling on PPE Medpro
  • The Fisher Island Club