Made it by 40
Today The Daily Telegraph reveals 2006's most successful entrepreneurs in Britain. Each has built a huge personal fortune before their 40th birthday through hard work, intelligence and apparently boundless enthusiasm.
05 (18)
Ed Wray
Age: 38
Business: Internet betting
Value: 240m (120m)
Despite a traumatic year for the online gambling industry, Betfair, co-founded by Ed Wray, has galloped ahead of the field. Its website has struck a chord with punters who can bet against each other instead of accepting fixed odds from a bookmaker.
The former banker set up the site with Andrew "Bert" Black, a former professional gambler.
A decision to hold off from floating has paid off. Last year analysts were estimating the business to be worth no more than 1bn, but in April Japanese conglomerate Softbank paid 300m for a 23pc stake, valuing Betfair at 1.5bn.
Today The Daily Telegraph reveals 2006's most successful entrepreneurs in Britain. Each has built a huge personal fortune before their 40th birthday through hard work, intelligence and apparently boundless enthusiasm.
05 (18)
Ed Wray
Age: 38
Business: Internet betting
Value: 240m (120m)
Despite a traumatic year for the online gambling industry, Betfair, co-founded by Ed Wray, has galloped ahead of the field. Its website has struck a chord with punters who can bet against each other instead of accepting fixed odds from a bookmaker.
The former banker set up the site with Andrew "Bert" Black, a former professional gambler.
A decision to hold off from floating has paid off. Last year analysts were estimating the business to be worth no more than 1bn, but in April Japanese conglomerate Softbank paid 300m for a 23pc stake, valuing Betfair at 1.5bn.
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