TechTech Millionaires

Duncan Cameron Net Worth

Duncan Cameron Net Worth is
$198 Million



Duncan Cameron Biography

$198 Million: Moneysupermarket.com Group PLC (LSE: MONY) is a British cost comparison website-based business specialising in financial providers. The website enables customers to evaluate prices on a variety of items, including mortgages, bank cards and loans. It really is shown on the London STOCK MARKET and is certainly a constituent of the FTSE 250 Index. The business enterprise was established in 1993 by Simon Nixon, at that time students at Nottingham University, and Duncan Cameron as a company of off-line mortgage details to Independent Financial Advisors beneath the name Home loan 2000. and in 1999 released moneysupermarket.com providing on-line mortgage details. Since then the business enterprise has been created to provide credit cards and personal loan details In June 2007, Duncan Cameron still left the business offering his 47% stake to Simon Nixon for £162m and in July 2007 the business was shown on the London STOCK MARKET. At that time it had market capitalisation of £843m, with Nixon releasing £101m and retaining 54.5% of the business enterprise. THE BUSINESS derives its revenues from three primary sources: Cash vertical Insurance vertical Travel vertical THE UNITED KINGDOM website has create a scheme called the Cheap Energy Golf club, a good example of a program that allows consumers, instead of companies, to become in charge of their own data administration. The scheme needs you to insight data relating to your current energy tariffs and condition the quantity of saving that you will be willing to switch suppliers. Tariffs that are offered are then reviewed on a monthly basis and you are notified when switching would result in your target saving. Cameron, 39, quit his degree course with half a year to go, very much against his mom’s can. It proved a shrewd move. He co-founded Chester-structured Moneysupermarket.com, a financial providers site, in 1999 with Simon Nixon (qv). It floated on the currency markets in July 2007, when it had been well worth £843m. Cameron, who retained a stake, had stop operating there some years previously. Nixon paid him £162m for some of his keeping in the run-up to the float. Cameron offered the others for £38m and will probably be worth £132m.


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