UK Tycoon Robert Bull or Bob the billionaire bungalow builder, value $3.7 billion AUD, has made his fortune by recognizing a serious gap within the housing market.
He had the concept of turning caravan parks into bungalow villages, for individuals who wished to promote their properties and downsize within the UK.
Bull is presently dwelling together with his fiancée in an $18 million AUD mansion, set with a three-lane bowling alley and 6 double garages which can be residence to his assortment of 12 luxurious automobiles.
However, he began on the backside, barely capable of afford takeaway seven years in the past.
Bull informed The Sun how he went bankrupt, owing $6.5 million AUD and found his debt when he was unable to pay for his two son’s KFC meals.
“I put my card in and it didn’t work. The next card didn’t work either.”
“I was pushing my youngest, Jack, in the pram. I put my food back and I said to my son Bobby, ‘Have you got any money?’
“I had to borrow the price of a KFC from my 12-year-old so my kids could have something to eat.
“When the kids had finished their meal I crossed the street and went into the Lloyd’s Bank.
“I still get emotional about it now. The woman in the bank cut my cards up in front of me. I felt like a piece of s**t. That was my lowest day, and I hated it,” he stated.
Bull went right into a melancholy and was unable to work for 3 months, till he got here up together with his new housing firm, RoyaleLife.
His technique was to purchase properties of people that wished to downsize, and promote them a manufacturing facility pre-fabricated bungalow in a brand new neighborhood, every with a driveway, backyard and a shed.
There had been no charges and consumers hold the fairness from their home sale.
“My dad came out of semi-retirement and helped me raise $18.2 million and within a year the business was worth $188 million AUD.”
His firm offered all 20 bungalows on an open day in 2017 on a web site close to Southampton.
In a 12 months he had offered 100 new bungalows.
“I repaid every penny I’d owed and one of the guys who sued me for $142,000 and put me in the bankruptcy court, we bought his business two years ago for $80.8 million AUD.”
Today, Bob’s firm is value $7.5 billion AUD and employs 2,000 employees.
Source: www.perthnow.com.au
