My first million: Nick Laing, Steppes Travel

Lots of people go travelling hoping for a life-changing experience. Nick Laing may be one of the few to have actually had one.

Lots of people go travelling hoping for a life-changing experience. Nick Laing may be one of the few to have actually had one. In 1975, the then Scots Guardsman went on a seven-month tour of south-east Asia in a Land Rover. It opened his eyes: "I suddenly discovered that there was a whole other world out there, which operated outside the confines of a barracks. And it was rather more appealing than the life I'd become used to." So he left the army, bought a farm in Gloucestershire, and decided to get involved in tourism.

But his first venture was nearly his last. He invested in a Nepalese hunting lodge he'd come across on his travels, but several years and $50,000 later, was forced to admit that it wasn't working out. But painful though it was, the experience proved useful when in 1988, an old banker friend called with a proposition. "I've got this introduction to Russia, to go and look at a tourism project," the banker said. "You know about tourism why don't you come with me?" Laing agreed immediately. "I mean, what an adventure!"

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Jody Clarke

Jody studied at the University of Limerick and was a senior writer for MoneyWeek. Jody is experienced in interviewing, for example digging into the lives of an ex-M15 agent and quirky business owners who have made millions. Jody’s other areas of expertise include advice on funds, stocks and house prices.