E-millionaires cash in big time

UK is a ker-ching friendly zone for UK Web entrepreneurs

The UK has more e-Midases than you can shake a stick at, according to a survey by The Sunday Times. The nation's top 100 cyber millionaires were said to be worth a combined £4 billion. Yorkshireman Paul Sykes, founder of ISP Planet Online, netted first place with a hefty personal worth of £500 million. Steve Bennett, founder of online retailer jungle.com, took 20th place and was said to be worth a cool £40 million. And he's only 33. Also included in the Top 20 were easyEverything entrepreneur Stelios Haji-Ioannou, and MD of ISP ClaraNET, Charles Nasser. They beat traditional IT tycoons such as Dixons chairman Sir Stanley Kalms. The youngest cyber-Croesus was Benjamin Cohen, the 17-year-old founder of Jewishnet.com, estimated to be worth £5 million. The UK was said to have more e-millionaires than any other country except the US, though most of the companies mentioned had yet to break into profit. ®

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