Lad, 30, makes £55m sports shop fortune after buying a single cricket bat on eBay
Alex Loven, 30, entered the Sunday Times rich List after his wealth rose by a whopping £27million last year
THE UK's wealthiest young entrepreneur has been announced as a 30-year-old who made his £55million fortune after buying a £60 cricket bat on eBay.
Alex Loven , founder of Net World Sports, entered the Sunday Times rich List after his wealth rose by a whopping £27million last year.
Last month, Alex told how he bought the cricket bat online when he was at school - and now he makes a packet flogging footie nets.
He told the Metro: “It started when I bought a cricket bat on eBay. I paid £60. It said ‘Made in India’ on it, so I emailed the company that made it and asked how much it cost to make and they replied saying it was £6.
“So I bought ten direct from them and sold them to people at school for £60 each. We then became a limited company in 2009.”
Alex's first job was at a builders' merchant, and he squirreled his wages away.
Soon, he had saved £13,000, which he used to buy a container full of sports equipment .
And he maintains this was the best investment he’s ever made.
He said: "I went to Barclays to get an overdraft; they made me do a business plan and said they couldn’t help me.
"So my mum got a £2,000 loan out to cover it. The bank didn’t take me seriously because of my age.
"My best investment was that container — it changed my life."
Alex, who went into business with his dad, now sells more than 100,000 goal nets a year across the globe, and believes they shift more than any other company.
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