25 of The UK’s top entrepeneurs that started with less than £25K
Sir Phillip Green has topped Britain’s first ever ‘Rags to RichList’, closely followed by Sports Direct baron Mike Ashley and Virgin billionaire Sir Richard Branson.
The list released by Start Up Loans was compiled by looking at British business people’s initial capital and what they are worth today. With just a £20,000 loan to start his first business, Sir Philip Green went on to take over the Arcadia Group and is now worth a staggering £3.88bn.
Similarly, Mike Ashley started with just a £10,000 loan to start Sports Direct and is now worth £3.75bn, and Sir Richard Branson’s start up capital was a mere £300 which he has built into a £3.6bn empire.
Other notables on the list of the nation’s 25 top self-made millionaires include New Look founder Tom Singh at number 19, while Charlie Bigham, who has created his own ready meals empire and is worth £100m, comes in at number 23.
Sir Alan Sugar, worth £900m after starting out with just £100 is at number 15 on the list, and his success has had a big impact on Yasmina Siadatan, winner of the Apprentice 2009 who is the former Creative Director of Start Up Loans and the woman behind the list. Check out the top 10 below.
Note: Figures calculated in nominal terms
Start Up Loans up to £25,000
While it might be hard to imagine that a hugely successful business can be started with £25,000, our Rags to Richlist proves different. IN fact our very own customers prove different every day.
The average Start Up Loan is around £6000, yet thousands of individuals have used the finance and the free business mentoring and support we offer to start a business, and you can too.