Billionaire Sports Direct boss Mike Ashley earns nothing AGAIN as he forfeits his salary and bonus

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Billionaire Sports Direct boss Mike Ashley earns nothing AGAIN as he forfeits his salary and bonus

  • The 53-year-old has forfeited his salary and bonus, and no dividend was paid
  • He is at 58 on the Sunday Times Rich List with an estimated wealth of £2.4bn

City & Finance Reporter for the Daily Mail

Sports Direct's Mike Ashley got nothing for running the firm for the second year in a row

Sports Direct's Mike Ashley got nothing for running the firm for the second year in a row

Sports Direct’s Mike Ashley got nothing for running the firm for the second year in a row

Sports Direct boss Mike Ashley got nothing for running the company for the second year in a row.

The 53-year-old, who is at number 58 on the Sunday Times Rich List with an estimated wealth of £2.4billion, has a 61per cent stake but he has forfeited his salary and bonus, and no dividend was paid.

During the year, about 2,000 of his employees shared around £45.5million in shares from an incentive scheme launched in 2011. 

Finance chief Jon Kempster’s salary is £150,000.

Profits fell to £77.5million during the year to the end of April compared to £272million the previous year. 

Chairman Keith Hellawell said commentators portrayed Ashley as a pantomime villain, adding: ‘Since Mike became chief executive, the company has initiated a transformation to the benefit of all stakeholders.’

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