‘Uneducated’ British grandfather, 63, sells bee trade for £ 100 MILLION to US company after starting it from his town hall kitchen table
- Steve Ryan, 63, has sold the bee business he started at home for over £ 100 million
- Grandfather can now ‘afford an island in the Bahamas and a Falcon private jet’
- He started his bee products business in 1992 with his late wife Bea Ryan
- Asked what it feels like to be a multi-millionaire, he laughed: ‘Damn no different’
An ‘uneducated’ grandfather of five has sold a bee business he started from the kitchen table of his town hall for over £ 100 million.
Steve Ryan, 63, said he was obsessed with ‘fascinating honey bees’ has now made him a multi-millionaire after sale Bee Health at INW, based in Dallas.
Mr. Ryan told The Mirror he can now afford an island in the Bahamas and a Falcon private jet, but declined to disclose the exact amount the company had sold for.
However, the bee expert in Bridlington said he could close the deal despite Covid-19’s travel restrictions, as the government allows CEOs to go abroad to negotiate business deals if they exceed £ 100 million.
Asked what it feels like to be a multi-millionaire, he laughed, “Damn no different.”
Grandfather of five Steve Ryan, 63, said his obsession with “ fascinating honey bees ” has now made him a multi-millionaire after selling Bee Health to Dallas-based INW.
Mr. Ryan started his bee products business in 1992 with his late wife Bea Ryan after learning about bees while picking sprouts in his previous job.
He initially worked out of town hall when he was 25, but soon opened a tourist attraction of the Scarborough honey farm and later bought a small factory to start producing goods for sale.
Bee Health, which supplies products to Holland & Barrett, is one of the top 200 UK companies with the fastest growing global sales.
He told The Mirror that the pandemic “doubled” production of vitamins, which he estimated at 50 million vitamin D tablets every two weeks.
Mr. Ryan started his bee products business in 1992 with his late wife Bea Ryan after learning about bees while picking sprouts in his previous job. Stock image used
The Bridlington factory still employs the same 360 staff, said Mr. Ryan, including his 26-year-old son Lewis Ryan, the CEO.
“My bank manager said what’s the first thing I’m going to buy,” he told the newspaper. ‘But I don’t need anything. I’ve got everything. I have six racehorses.
‘But I’m on an island in Asia from December to February. […] Being an uneducated person is just hard grafting and taking a gamble. ‘
Mr. Ryan, a father of four with five grandchildren, added that he is now volunteering and plans to mentor young business people.