A British schoolboy was offered £5million by American investors for a money-saving website he created in his bedroom at his parents’ house – but rejected it in the hope of making more money.
Mohammed Ali, 16, who launched his first company aged 12, has earned more than £40,000 after creating his own video game and a financial app for the stock market.
The teenager, from Dewsbury, Yorkshire, is now set to launch a price comparison site with 60-year-old business partner Chris Thorpe and claims it is unrivalled by competitors.
Mr Ali said that when the pair met a group of Americans in London to discuss an investment, they instead offered to buy the company for a sum of ‘more than £5million’.
The sixth-form student would not disclose the exact figure but said: ‘We met the investors in London, they were a global data driven company, and they didn’t realise I created all the technology involved.
‘The offer was rejected in December, just before Christmas.