The 19-year-old owns an estate agency, and whilst balancing homework with property development, Akshay still managed to get three A*s and 2 As at A Level.<\/p>\n
He hired a call centre service to answer his company switchboard while he was in class and rang clients back after the school bell rang.<\/p>\n
In little more than a year, Akshay\u2019s firm\u00a0www.doorsteps.co.uk, was attracting investors looking to buy shares. His company is now valued at \u00a312 million, and he has sold \u00a3100 million worth of homes.<\/p>\n
The young man\u2019s friends nicknamed him Alan Sugar, after the British business magnate and star of BBC show The Apprentice.<\/p>\n
Akshay charges just \u00a399 commission on houses he sells and says he is on a mission to put High Street agents out of business as they charge thousands of pounds.<\/p>\n
His idea is proving so popular that this week, just 16 months after his web site went live, Akshay\u2019s company became the 18th biggest estate agency in the UK.<\/p>\n
Doorsteps.co.uk, which he started after relatives loaned him \u00a37,000, already employs 12 people and is set to double in size soon with investors having already handed him \u00a3500,000 to get their hands on shares.<\/p>\n
Akshay\u2019s company is already operating from Cornwall to the Scottish Highlands.<\/p>\n
He is raising \u00a35 million with a share issue and is recruiting an ever expanding network of mums across the UK who work self-employed showing clients around properties he has been asked to sell.<\/p>\n
Despite his commitment to running his company, Akshay still managed to get five A Levels, three at A* and two A grades in maths, economics, politics, history and financial studies, at Queen Elizabeth High School in Barnet, London.<\/p>\n
\u201cI want to rip up the old-style way we sell homes in this country,\u201d he said.<\/p>\n
\u201cPeople 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.<\/p>\n
\u201cWhy give an estate agent a small fortune just for putting photos of your house on the internet?<\/p>\n
\u201cQuite rightly people trust mums. Every mum who works for me will be honest and tell the truth. It is important. For the majority of people selling their home is the biggest financial transaction of their lives.\u201d<\/p>\n
Now he has 1,050 homes for sale on his web site, selling around 30 a week.<\/p>\n
The most expensive sold for \u00a31.4 million in Notting Hill.<\/p>\n
Akshay, who lives at home with his parents, has a place at Oxford University to study economics, but has put that \u2018on hold\u2019.<\/p>\n
\u201cAt first, I paid myself \u00a3500 a month, things are going quite well now so I\u2019ve upped that to \u00a31,000 a month,\u201d said the remarkable young man.<\/p>\n","protected":false},"excerpt":{"rendered":"
Akshay Ruparelia, nicknamed\u00a0\u2018Alan Sugar\u2019,\u00a0reckons he is Britain\u2019s youngest business millionaire – after selling houses during his school lunch breaks. The 19-year-old owns an estate agency, and whilst balancing homework with property development, Akshay still managed to get three A*s and 2 As at A Level. He hired a call centre service to answer his company […]<\/p>\n","protected":false},"author":101,"featured_media":24507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,112],"tags":[],"class_list":["post-24506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news","category-top-stories"],"_links":{"self":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/24506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/users\/101"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/comments?post=24506"}],"version-history":[{"count":0,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/posts\/24506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media\/24507"}],"wp:attachment":[{"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/media?parent=24506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/categories?post=24506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theasiantoday.com\/index.php\/wp-json\/wp\/v2\/tags?post=24506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}