Summary
WHO wants to be a billionaire? Broker Collins Stewart Tullett's market value topped Pounds 1bn as the shares climbed 203/4p to 4851/ 4p, capping five years of growth for the group, where chief executive Terry Smith led a buyout in May 2000 for Pounds 122m, most of it borrowed.
Collins was then a niche stockbroker. Smith, who made his name as an analyst by exposing accounting tricks, led it into moneybroking, acquiring first Tullett for Pounds 250m and then Prebon for Pounds 70m.See the full content of this document
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Billionaire Broker Joy
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