A Pakistani Boy Turned Down £5 Million Offer for His Website

A 16 year old, Pakistani Boy in UK has Rejected £5 Million for Saving his Website built in Bedroom. Yes £5 million. Muhammed Ali is a confident student from Dewsbury, West Yorkshire. He is an A-Level student who rejected this offer in December.

Muhammad Ali set up this website at the age of 12 years. He rejected a multi-million pound bid from American investors for his latest venture – before it has even launched. According to young boy his website weneed1.com will have more worth than the price bond offered in the near future.

A Pakistani Boy Turned Down £5 Million Offer for His Website

He told that this decision to refuse this large amount of money from American investors was a big risk but he wanted to create something wonderful for himself. Ali wants to give his website a house hold name.

Also Read: Pakistani Student Launched a Home Built Social Network Epatcher

He has created this project with 60 years old business partner Chris Thorpe. It is officially launched on January 28, 2017.

Muhammad Ali said:

We met the investors in London, they were a global data driven company, and they didn’t realize I created all the technology involved. The main reason we rejected the offer was because, if the technology and concept is worth millions already, just think how much it will be worth once people use it

This young boy already earned £40,000 by creating his own video game and a financial app for the stock market

Ali revealed to have developed a new algorithm that gives real time quotes instead of pre fixed and normal quotes which people search on insurance sites. He told that the main thing about his project is that there are no competitors.

Also Read: Raza, an 11 Years Old Tech Genius is Impressing Professors at ITU

Ali added:

This is a real time money saving expert – it’s like a Bloomberg for the general public.’

He told that this is not the first time he was about to get money for his project. His project 2006 video game earned him £30,000 in 2012. Good luck Ali !!!

Source: Mirror