Former bank worker Chris Ban from the UK, who was fired from his job at the age of 21, got back on his feet and became a millionaire. The man promised himself that he would never be an employee again. The Sun writes about this.
Chris started working in a bank while studying at university before joining the customer retention department full-time. At some point, his position was outsourced, but instead of looking for a new job, the Briton decided to buy and resell sneakers and clothes.
Ban took popular branded shoes and sold them online for double the price at a time when the industry wasn't as big as it is now.. He then sold his business for 10 thousand pounds sterling (513 thousand. UAH) and in return founded a digital marketing company in 2014.
In 2018, Chris sold his startup to a Swedish technology firm for ?350 thousand (UAH 18 million). As part of the deal, the Briton signed a non-compete undertaking, meaning he would not work in a similar business for an agreed period.
" One day I found an advert for a derelict three bedroom house in Fairfield, County Durham.. I offered them a ridiculous price of 108 thousand pounds sterling (5.5 million UAH) instead of the stated 185 thousand, but surprisingly the sellers accepted the offer, since I paid in cash and could quickly complete the deal,” says Chris.
Having spent another 28 thousand pounds sterling (about 1.5 million UAH) on repairs, in particular on replacing electrical wiring, after 12 months the owner achieved a revaluation of the premises - its price increased to 185 thousand pounds sterling (9.5 million UAH). Thus, the businessman realized that selling real estate has certain prospects.
Now, at the age of 35, the man has 15 properties - all of them are for rent. His net worth is ?2.
8 million (UAH 144 million), of which ?1.7 million is equity and the rest is mortgages.
Let's remember that Focus previously wrote that 21-year-old blogger Jacob Shallinor from the UK became a dollar millionaire at the age of 19 thanks to his own online business, and now his fortune reaches 5 million pounds sterling.
We also covered Tyler Loudon of Houston, who was indicted by the Securities and Exchange Commission (SEC) for allegedly making nearly $2 million in insider trading..