UNDERWEAR tycoon Michelle Mone has found new love with one of Britain's wealthiest entrepreneurs.

Her new man Doug Barrowman, 51, has 50 businesses, his own private jet, six homes and 15 cars.

The Scots billionaire also recently appeared on a TV documentary last year with his £50million super yacht.

According to the Scottish Sun, Baroness Mone, who was made a Tory peer and Government business tsar, fell for her mega-rich man in October.

A friend said: "They’ve not looked back since.

"They have lots in common and are very much in love.

"He’s a very savvy, private man but has been swept off his feet by Michelle. He can’t believe his luck."

Doug, a divorced dad of four, has named his yachts Turquoise and Minx.

Speaking on a Channel 4 documentary last year on why he bought them, he said: "I suppose the flippin’ answer is because I can."

Ultimo co-founder Michelle, 45, was dating pro golfer Stefan Soroka, 49, however split three months ago due to their busy schedules.  Doug has since been appointed as chairman of the mum-of-three's newest business Social Superstore.

Michelle said: "I’m an only child and have always said I’d like four babies. If I met the right person I would love to be a mum again.

"But finding a man isn’t easy as I don’t get chatted up. I don’t know if people are intimidated by me because I’m in the House of Lords."