ECSTATIC bra tycoon Michelle Mone was “delighted and thrilled” when she learned she is to be made a Tory peer.
The 43-year-old Ultimo undies boss told pals she was overjoyed at the prospect of becoming Lady Mone and taking a seat in the Lords.
The Glasgow-born tycoon, now worth millions after starting her business in a bedroom, was told the news personally in a phone call from PM David Cameron.
The Tories want to make the former Ultimo underwear boss a business czar as a reward for backing the “No” vote against Scottish independence last year.
Tory voter Michelle — who already holds the OBE — left school at 15 with no qualifications and built her global lingerie empire from scratch.
Mr Cameron revealed last week he wants to appoint more Tory peers to parliament’s second chamber.
A source said: “Michelle is thrilled and delighted. She proves strong, independent women in business have a vital role to play in our economy.
“And she will bring something new to the stuffy Lords. It needs shaking up.”
The mum of three met her husband Michael at 17, got engaged at 18 and was pregnant at 19.
The couple began their business in 1996 and launched the first Ultimo bra, with its gel-filled “chicken fillet” padding, in 1999.
But they split in 2011 and it later emerged he was in a relationship with a designer at their bra firm.
Michelle later bought out her husband’s share of Ultimo’s parent company MJM International.
She shed 8st after a fitness kick and has been linked to a string of celebs including cricketer Shane Warne, pop star Shayne Ward and footballer Robbie Savage.
Last November she revealed she had sold 80 per cent of her stake in Ultimo. She also sold a £2million house she had in London’s swish Mayfair and is now living near Tower Bridge.
Michelle recounted her story in the autobiography My Fight To The Top — a book dismissed as “total fiction” by ex Michael.
Downing Street declined to comment last night.