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IT IS GREAT being Darren Richards; sailing through the credit crunch with £30million in the bank, buying up properties at rock-bottom prices and launching a new online business. The 42-year-old entrepreneur, who made his fortune selling datingdirect.com, admits that the 19 properties he bought since his windfall are now worth a lot less than he paid for them and his new property website has yet to make a profit. He still has a fleet of nine luxury cars, a helicopter, a beautiful six-bedroom country home set in four acres in Worcestershire, three bars in Tenerife, nine further properties in the UK and more pairs of designer jeans than Jeremy Clarkson.
“It was built by an architect but after six months his wife announced that she wanted to move to the South of France,” he explains.
“I bought all my properties at the right price at the time but I can’t deny that my investment has dropped by between five and 10 per cent because of the credit crunch.” Darren is poised to complete on three more properties on the isle of Sal in the Portuguese influenced Cape Verde islands off Africa’s west coast, which include two beachfront villas costing £700,000 (£652,000) on the fi ve-star Murdeira Beach and Paradise Beach resorts boasting an Ernie Els-designed golf course and Nikki Beach club.
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Darren flies so often to Tenerife that he has been awarded a gold card by Monarch Airlines and has enough money to admit that he doesn’t have to work again.
So why has he started a new business in the current climate? “I already had the idea for a property website before I sold Dating Direct because I was so frustrated having to consult so many different websites to find information about buying an overseas property.” He has now created a one-stop shop,
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