LONDON: An Indian-origin teen has made a fortune by promoting houses thru his online estate agency business during his college lunch breaks and has turn into considered one of UK's youngest millionaires, a media record stated.
While other children had been kicking a ball across the playground, Akshay Ruparelia, 19, used to be quietly negotiating huge property offers on his cellular, the Daily Mirror reported.
He hired a call centre carrier to respond to his company switchboard whilst he used to be in class and rang purchasers back after the varsity bell rang.
Within months, buyers had been purchasing stocks in Ruparelia's company "www.doorsteps.co.uk". In little more than a yr, the corporate has been valued at 12 million pounds and the teenager has bought 100 million pounds price of homes.
Ruparelia's college friends nicknamed him "Alan Sugar" after Baron Sugar, the business magnate and "Apprentice" celebrity.
The teen stated he is now on a venture to place traditional High Street estate brokers into chapter 11 because they price thousands of pounds in commission to sell a house - and he does it for simply 99 pounds.
His thought is proving so fashionable that this week Ruparelia's company was the 18th greatest estate agency in the UK - simply 16 months after his website online went are living, the Mirror reported.
The company, which the teenager started after family members loaned him 7,000 pounds, already employs 12 other people and is ready to double in dimension with buyers having already passed him 500,000 pounds to get their arms on stocks.
He is raising five million pounds with a percentage factor and is recruiting an increasing community of mums across the UK who work self-employed appearing purchasers round properties he has been asked to sell.
"I want to rip up the old-style way we sell homes in this country," stated the teenager, who set up the business between lessons at Queen Elizabeth High School in Barnet, London, and nonetheless managed to get five A Levels, 3 at A* and two A grades in maths, economics, politics, historical past and financial studies.
"People have had enough of being ripped off by High Street agents in flash suits and cars charging them a fortune, but actually doing not a lot to sell their home," he added.
"Why give an estate agent a small fortune only for hanging footage of your house on the net?
"Quite rightly other people agree with mums. Every mum who works for me will likely be honest and inform the truth. It is essential. For the vast majority of other people promoting their house is the most important financial transaction in their lives," he stated.
Akshay Ruparelia has put plans of finding out economics and management at Oxford University on dangle as a result of his increasing business.
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While other children had been kicking a ball across the playground, Akshay Ruparelia, 19, used to be quietly negotiating huge property offers on his cellular, the Daily Mirror reported.
He hired a call centre carrier to respond to his company switchboard whilst he used to be in class and rang purchasers back after the varsity bell rang.
Within months, buyers had been purchasing stocks in Ruparelia's company "www.doorsteps.co.uk". In little more than a yr, the corporate has been valued at 12 million pounds and the teenager has bought 100 million pounds price of homes.
Ruparelia's college friends nicknamed him "Alan Sugar" after Baron Sugar, the business magnate and "Apprentice" celebrity.
The teen stated he is now on a venture to place traditional High Street estate brokers into chapter 11 because they price thousands of pounds in commission to sell a house - and he does it for simply 99 pounds.
His thought is proving so fashionable that this week Ruparelia's company was the 18th greatest estate agency in the UK - simply 16 months after his website online went are living, the Mirror reported.
The company, which the teenager started after family members loaned him 7,000 pounds, already employs 12 other people and is ready to double in dimension with buyers having already passed him 500,000 pounds to get their arms on stocks.
He is raising five million pounds with a percentage factor and is recruiting an increasing community of mums across the UK who work self-employed appearing purchasers round properties he has been asked to sell.
"I want to rip up the old-style way we sell homes in this country," stated the teenager, who set up the business between lessons at Queen Elizabeth High School in Barnet, London, and nonetheless managed to get five A Levels, 3 at A* and two A grades in maths, economics, politics, historical past and financial studies.
"People have had enough of being ripped off by High Street agents in flash suits and cars charging them a fortune, but actually doing not a lot to sell their home," he added.
"Why give an estate agent a small fortune only for hanging footage of your house on the net?
"Quite rightly other people agree with mums. Every mum who works for me will likely be honest and inform the truth. It is essential. For the vast majority of other people promoting their house is the most important financial transaction in their lives," he stated.
Akshay Ruparelia has put plans of finding out economics and management at Oxford University on dangle as a result of his increasing business.
Read this story in Gujarati
Indian-origin teenager is UK's 'youngest millionaire'
![Indian-origin teenager is UK's 'youngest millionaire']()
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October 22, 2017
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