Simon Nixon

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Simon Nixon
Born
Simon Justin Nixon

August 1967 (age 51)
ResidenceJersey
NationalityBritish
EducationSt Richard Gwyn Catholic High School, Flint
Alma materUniversity of Nottingham (dropped out)
Occupationco-founder and deputy chairman, Moneysupermarket.com
Net worth£1.176 billion (May 2017)

Simon Justin Nixon (born August 1967)[1] is an English billionaire businessman, the co-founder of and former deputy chairman of Moneysupermarket.com.[2]

Early life[edit]

Nixon was born in Stamford, Lincolnshire. He was educated at St Richard Gwyn Catholic High School in Flint, followed by the University of Nottingham, but dropped out because he found his accountancy degree "boring".[3]

Career[edit]

Moneysupermarket was established in 1993 by Nixon, at the time a student at the University of Nottingham, and Duncan Cameron as a provider of off-line mortgage information to Independent Financial Advisors under the name Mortgage 2000.[4] and in 1999 launched moneysupermarket.com providing on-line mortgage information.[5] Since then the business has been developed to provide credit card and personal loan information.[5] Nixon is currently the second largest shareholder in the company, behind Capital Group.[6]

In December 2015, The Guardian reported that his next share sale, on which he avoided British capital gains tax at 28% having moved to Jersey in 2013, would make him a billionaire.[7] In 2016 Nixon has sold his remaining 6.9% stake for £124m.[8] In May 2017, the Sunday Times Rich List estimated his net worth at £1.176 billion.[9]

Nixon runs an international luxury holiday rental website, Simon Escapes, offering holiday homes in some of his favourite destinations.[10]

Nixon has said that backing fast-growing businesses helped him become a billionaire. He has invested over £100m into startups including organic food and drink website The Food Market and Kabbee, a price comparison and booking app for London minicabs.[11]

Personal life[edit]

In 2013, Nixon had been living in Chester, and was considering moving abroad, because the British weather is so "bloody awful", but added that "I will always keep my roots in Chester. I would never sell my house in Chester - it’s where my family and friends are."[12]

In 2013, Nixon moved to Jersey.[7] He has a "long term girlfriend", and also owns homes in Cornwall, Lake Windermere, Deia, Majorca, and Barbados.[12]

References[edit]

  1. ^ "Moneysupermarket.com Group plc". Companies House. Retrieved 3 December 2015.
  2. ^ "Simon Nixon offloads his remaining shares in Moneysupermarket.com | Business | The Guardian". theguardian.com. Retrieved 9 September 2016.
  3. ^ McCarthy, James (5 June 2013). "Wales' 4th richest man makes another £170m after selling stake in price comparison website". walesonline. Retrieved 3 December 2015.
  4. ^ Moneysupermarket founder Simon Nixon moves to Jersey over tax The Telegraph, 16 November 2012
  5. ^ a b Moneysupermarket.com:History
  6. ^ "Moneysupermarket founder Simon Nixon nets £98m from share sale". Telegraph.co.uk. Retrieved 24 February 2016.
  7. ^ a b Davies, Rob (1 December 2015). "Share sale to make Moneysupermarket co-founder a billionaire". The Guardian. Retrieved 3 December 2015.
  8. ^ "Moneysupermarket founder Simon Nixon sells out with £124m windfall". The Telegraph. Retrieved 2017-08-07.
  9. ^ "The Sunday Times Rich List 2017". features.thesundaytimes.co.uk. Retrieved 2017-08-07.
  10. ^ "Chester multi-millionaire Simon Nixon talks about his remarkable success story". Chester Chronicle. 24 July 2013. Retrieved 1 April 2017.
  11. ^ Chopra, Shruti Tripathi (2017-04-18). "How this college dropout became a billionaire". Retrieved 2017-09-12.
  12. ^ a b "Chester-based millionaire entrepreneur Simon Nixon seeks the sun". chesterchronicle. 7 February 2013. Retrieved 3 December 2015.