The number of new, self-made business millionaires on Ebay has jumped nearly 20 per cent in the last year, marking the highest number in a decade.
New figures released today have revealed an 18 per cent increase in the number of UK businesses which made more than £1 million on Ebay over the past year, equating to nearly 1300 new millionaires.
According to the online retail giant’s research, the most successful age group of new Ebay millionaires in the past year are those under thirty, representing 20 per cent of the total.
Over 60’s however are the second fastest growing age group, currently representing around 13 per cent of the total.
In terms of location, the top three “Ebay millionaire capitals” are London, Manchester and Birmingham, while the fastest growing community of millionaires hail from Coventry, outpacing the growth of the latter two.
“The uplift in the number of eBay millionaires demonstrates how entrepreneurs up and down the country are keeping up with the ever-changing needs of consumers, despite some tough economic conditions,” Ebay UK’s vice president Rob Hattrell said.
“We are passionate about offering entrepreneurs a shop window to 180 million consumers worldwide. Whether they’re starting their first business as a hobby while juggling studies or launching a second career as empty nesters, our sellers are making the most of our opportunities and making millions thanks to their spirit and ambition.
“There are 200,000 UK small businesses at the heart of eBay and we want to celebrate seller stars through this year’s eBay for Business Awards. We can’t wait to shine the spotlight on and toast to their successes.”