Tuesday, August 17, 2010

16-year-old British schoolboy becomes a millionaire


London:

A school going entrepreneur in Britain has turned a millionaire at the age of just 16. Computer whiz Christian Owens set up his first firm with his pocket money at 14 and another a year latter.

Start-up venture Mac Box Bundle, which sells cut-price packages of Apple Mac computer applications, has earned 7,00,000 pound since 2008.



Christian, who has used computers since he was seven, then launched advertising payper-click company 'Branchr' a year later and worked on the business after school and at weekends.

Branchr was a smash hit with internet sites; made a staggering 5,00,000 pound in its first year; and now counts betting site William Hill as a client.

Social networking site My-Space has also benefited from his company's services.

Christian, from Corby, currently employs eight staff - all adults -around the UK and America as sales and technical assistants, and plans to open two Branch offices in the next year.

The youngster, who lives with his parents, company secretary Alison, 43, and factory worker dad Julian, 50, said he was inspired to go into business after observing the immense success achieved by Apple chief executive Steve Jobs.

Christian invests the majority of his earnings back into his two businesses. He said, "I really wanted to create something groundbreaking and simple that would revolutionise the way advertising works."

"Mac Box Bundle was already becoming success but I really wanted to push myself and do something different, so I came up with the idea of Branchr."

'I don't know where I will be in ten years' time but I won't leave Branchr until it has reached 100 million pound,' he added.

The teenager insists his professional success has not affected his personal life, and says his interests include photography and playing guitar. himself basic web design aged ten when he was given his first Mac computer.

Branchr works as a platform for website owners to sell advertising, and business owners to buy it.

The company now sells more than 250 million adverts to 11,000 website every month and has acquired a second company, Atomplan, which provides business software.

Mac Box Bundle sells a combination of popular mac applications, worth up to $400 together for under just $100 a time - and donates 10% of each bundle to charity.

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