Nixon a billionaire after selling last shares
THE co-founder and former chief executive of price comparison website Moneysupermarket.com has sold his remaining stake in the business, netting him £124m.
Simon Nixon, who built up and floated the Deeside-based business, is now thought to be a billionaire.
The 37.8 million shares placed by Credit Suisse Securities represent 6.9% of the issued share capital of the company. The placing was priced at 328p per ordinary share.
Following completion of the placing, Nixon, who is now based in Jersey, will not retain any shareholding in the company.
Other share sales have netted him more than £500m, putting him in 120th place on the latest Sunday Times Rich List with an estimated £945m fortune last year.
Since then, he enjoyed a £98m payday in early December when he sold 32m shares, before stepping down from the board at the end of the year.
Moneysupermarket.com started as a mortgage comparison website but has expanded hugely to cover a wide variety of financial products.
Its success has been partly founded on eye-catching adverts featuring the rapper, Snoop Dogg, TV personality Sharon Osborne and a strutting cross-dresser called Dave.
It floated on the stock market in 2007 with Nixon as chief executive, but he has gradually cut his ties, becoming deputy chairman in 2009 and a non-executive director in 2013.
