Indian-origin teenager is UK's 'youngest millionaire'

While other youngsters were kicking a ball around the playground, Akshay Ruparelia, 19, was quietly negotiating huge property deals on his mobile, the Daily Mirror reported. 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.

Within months, investors were buying shares in Ruparelia's firm "www.doorsteps.co.uk". In little more than a year, the company has been valued at £12 million and the teenager has sold £100 million worth of homes. Ruparelia's school friends nicknamed him "Alan Sugar" after Baron Sugar, the business tycoon and "Apprentice" star. The teenager said he is now on a mission to put traditional High Street estate agents out of business because they charge thousands of pounds in commission to sell a house — and he does it for just £99. His idea is proving so popular that this week Ruparelia's company became the 18th biggest estate agency in the UK —just 16 months after his website went live, the Mirror reported. The firm, which the teenager started after relatives loaned him £7,000.