Mohammed Ali apprently turned down a £5m offer for his website (Picture: Mercury)

A 16-year-old boy has rejected more than £5 million for a website he set up in his bedroom.

Yep, £5 million.

Mohammed Ali is apparently confident his price comparison website weneed1.com will be worth a lot more in the future.

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‘The offer was rejected in December, just before Christmas,’ the A-Level student from Dewsbury, Yorkshire, said.


‘We met the investors in London, they were a global data driven company, and they didn’t realise I created all the technology involved.

‘The main reason we rejected the offer was because, if the technology and concept is worth millions already, just think how much it will be worth once people use it.’



He said he understood it was a big risk to reject the money from the American investors but wanted to create something for himself and make his website a household name.

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Mohammed Ali when he was just four (Picture: Mercury)

Ali claims to have developed a new algorithm that provides ‘real time quotes instead of the normal pre-fixed quotes you find on insurance sites.’

He added: ‘The big thing about what we’re doing is that there are no competitors – this is a real time money saving expert – it’s like a Bloomberg for the general public.’

It’s not the first time the six former has been in the money.

His Project 2006 video game earned him £30,000 back in 2012.

His new venture, which he created with 60-year-old business partner Chris Thorpe, will launch on January 28.

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