Simon Nixon

SIMON NIXON

Simon Nixon is a Co-founder of Wales-based internet company, Moneysupermarket.com. Duncan Cameron, who sold much of his stake to Simon Nixon is valued at £130 million.

The chief executive and co-founder of financial website oneysupermarket.com proved this in July 2007, when he floated the company on the stock market, valued at £843m.

Nixon and co-founder Duncan Cameron set up a website comparing deals on mortgages, credit cards, personal loans and savings accounts. It proved a phenomenal success – in 2006, 64 million people visited oneysupermarket.com.

Nixon sold £102m worth of shares in the float. But he’d spent £162m earlier in the summer buying out most of the stake held by Cameron, who left the company some years ago.

Allowing for this and for at least £20m of past salaries and dividends, Nixon should be worth £480m.

Simon Nixon, CEO of Moneysupermarket is on course to become the UK’s first internet billionaire. The website, which compares mortgages and credit card offers, will increase turnover by 40 per cent to more than ?100m this year.

‘In the industrial age, change happened in a decade. In the internet age, it happens in a heartbeat.’