Last March, Colin Potter gave staff at his telecoms company Uniworld Communications almost £2 million after selling it to another communications firm.
Now the man dubbed "Britain's most generous boss" has launched a new company, ProposalGENie, a pioneering web-based system for preparing sales proposals - and he has vowed to donate all the firm's future profits to charity.
Potter hopes his latest venture will be turning over more than £25m within three years
"I don't need the money," he told a local newspaper. "I was very fortunate when we sold the other company. We live quite nicely and we have a nice lifestyle.
"All I ever wanted was to prove I could do it and have financial security. I've done that and now it's about having fun and trying to give something back.
"It's just the way I am. When you've got enough, you've got enough. What do you need more for?"
"We own 40 per cent of ProposalGENie. We plan to set up a trust and hope to be able to start giving money to local charities by the end of this year."