ANOTHER clutch of paper millionaires
are set to be created if a northern Internet company's plan for a pounds 400 million flotation works.
The Midlands has four new paper millionaires
after the pounds 4.1 million acquisition of Birmingham digital media and e-business company e.plan by AIM-listed Midland company Media Square.
Both Mr Abrams and his mother are now paper millionaires
, with their shareholding worth around pounds 10 million.
It is Mr Byers who may now find himself in the excutiatingly embarrassing position of sending a cheque for pounds 75 million to Mr Rennart and, into the bargain, ensuring that RJB's directors become paper millionaires
Four Birmingham entrepreneurs look set to become paper millionaires
next month when their software company comes to the stock market in a pounds 100 million flotation.
Three West Midland executives have become paper millionaires
after their company was bought by a US rival for pounds 53 million.
After the deal, 32 per cent of the company will be owned by its workers, creating ten paper millionaires
amongst Druid's staff.
The company that invented the medical CT scanner is floating on the Stock Exchange in a move that will create paper millionaires
out of 16 managers and small fortunes for its employees.
The 401(k) retirement plan millionaires who never expected their funds to fatten to seven figures, the paper millionaires
, those 20-something Internet upstarts who sell their companies' stock.
The paper millionaires
include Chancellor Mr Gordon Brown's financial guru Mr Gavyn Davies whose stake in the company rocketed in value as traders swooped on the stock.
Cynics might say this reflects the fact that the founding directors and the 15 friends who put up pounds 10,000 each are all now paper millionaires
Richard Ellis was taken over by the US property company Insignia Financial for pounds 50 million in cash and shares at the start of last year, making its 30 directors paper millionaires