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Bruce brothers who founded Purplebricks enter Sunday Times Rich List for first time


Michael and Kenny Bruce have been included in the Sunday Times Rich List for the first time.

They are estimated to have wealth of £190m, placing them as the 630th wealthiest people in the UK – richer than the Duke of Marlborough, Sir Rod Stewart and Sir Tim Rice.

The entry says: “Bruce brothers Michael, 44, and Kenny, 42, first registered the Purplebricks.com name six years ago and have since created a game-changing business.

“Sellers list their homes on the website, which employs ‘local experts’ to value the property. It levies a flat fee of £849, or £1,119 in London, whether or not the home is sold. Earlier this year Axel Springer acquired an 11.5% interest in the Solihull-based firm for £125m, valuing it at £1bn, with the family’s holding worth £135m.”

The Bruces are, however, some way behind Foxtons founder Jon Hunt, who is in 98th place with a fortune of £1.4bn – up £40m in the last year.

The astute Hunt sold Foxtons at the height of the last boom for £375m. He has since gone on to bolster his wealth through commercial property.

Also in the Rich List are buy-to-let landlords Fergus and Judith Wilson in 793rd place with wealth estimated at £140m.


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Source:: Bruce brothers who founded Purplebricks enter Sunday Times Rich List for first time