Indian-origin teenager Akshay Ruparelia becomes UK's youngest millionaire

Ruparelia claims to have already sold 100 million pounds worth of properties since he set up his business

Latest Current Affairs : An Indian-origin teenager has become one of Britain’s youngest millionaires after his online estate agency business got valued at 12 million pounds in just over a year.

Akshay Ruparelia, at just 19 years of age, juggled his school work with negotiating property deals for his no-frills business that offers to sell properties for a fraction of the cost charged by established high street estate agents.

This week "Nationwide Online Agents: Doorsteps. Fees From £99." became the 18th biggest estate agency in the UK just 16 months after the website went live.

Ruparelia claims to have already sold 100 million pounds worth of properties since he set up his business.

“I got the website up and running and after a couple of weeks a man in Sussex asked me to sell his home and a separate chunk of land he owned beside it.

“I had to pay my sister’s boyfriend 40 pounds to drive me to Sussex to take photographs of the house, as I hadn’t passed my driving test and didn’t have a car,” he recalls.

The north London-based schoolboy was able to sell the property and land within three weeks, which set the ball rolling.

He started his company with 7,000 pounds, borrowed from relatives and now employs 12 people. Click here to know more about Akshay Ruparelia