A former record shop boss who started a business in his garage is to set to net a more than £30million fortune. Steve Oliver, 50, co-founded MusicMagpie in 2007 initially to buy and sell secondhand CDs online.
It has since grown to also become a leading reseller of mobile phones, other electronic gadgets and books. Mr Oliver will be one of the big winners under a planned stock market listing which could see the business valued at just under £210million.
As well as selling £12.2million in shares, he would retain a 9.5% stake worth nearly £20million. Mr Oliver and co-founder Walter Gleeson set-up MusicMagpie from the garage of his home in Stockport, Greater Manchester.
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