Indian-origin teenager Akshay Ruparelia is UK's Youngest Millionaire

Oct 17, 2017, 14:22 IST

He started the firm with an initial investment of 7000 pounds, which he borrowed from his relatives. He hired a call centre service to answer his company switchboard while he was in class and used to call clients back after the school. Within months, investors were buying shares in Ruparelia`s firm "www.doorsteps.co.uk".

Indian-origin teenager Akshay Ruparelia on 16 October 2017 became one of UK`s youngest millionaires at the age of 19.

Ruparelia made a fortune by selling houses through his online estate agency business during his school lunch breaks. Ruparelia`s school friends nicknamed him "Alan Sugar" after Baron Sugar, the business tycoon.

Ruparelia's journey as UK's Youngest Millionaire
• He started the firm with an initial investment of 7000 pounds, which he borrowed from his relatives.
• He hired a call centre service to answer his company switchboard while he was in class and used to call clients back after the school.
• Within months, investors were buying shares in Ruparelia`s firm "www.doorsteps.co.uk".
• The firm employs 12 people and is set to double in size with investors having already handed him 500000 pounds to get their hands on shares.
• Over an year, the company has been valued at 12 million pounds and the teenager has sold 100 million pounds worth of homes.
• Ruparelia`s company became the 18th biggest estate agency in the UK, just 16 months after the website went live.
• The firm is raising five million pounds with single share issue and is recruiting an expanding network of mothers across the UK who work self-employed showing clients around properties.

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Ruparelia is now on a mission to put traditional High Street estate agents out of business because they charge thousands of pounds in commission to sell a house and he does it for just 99 pounds.

Rupali Pruthi is an academic content writer with over 6 years of experience. She is a Masters in English Literature and has previously worked with an NGO and an IT company. At jagranjosh.com, she creates digital content for Current Affairs and various Govt Exams. She can be reached at rupali.pruthi@jagrannewmedia.com
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