AT the age of 13, Edward Short earned his first fiver caddying at a local sports club and ‘the buzz’ he got drove him to become a millionaire. But after a rollercoaster four decades and an infamous Grand Designs dream that turned into a nightmare and left him with crippling debt, Edward classes himself as a “minus millionaire.” The 56-year-old businessman, who built a fortune through a successful music career, racked up £8million and saw his marriage crumble as his clifftop ‘lighthouse’ went disastrously over budget in the Grand Design’s episode labelled the “saddest ever.
” A born optimist, Edward cheerfully admits he may never pay back what he owes on Chesil Cliff House in Devon - which was last on the market for £5.25m . “The debt is a lot higher than £5.
25million,” he tells the Sun. “Technically most millionaires do owe millions but what they have in assets is usually much greater than what they owe. I've managed to turn to the dark side and become a minus millionaire.
” Still planning to borrow a further £2million to rebuild a crumbling drive on the stunning cliffside property, which is one of the few original structures, Edward says he is keeping his hopes up. “The investors and I are still debating the best way out,” he says. “Mentally I already know I've lost everything I put into the house so it would have to be a miracle upon miracles but the only exit plan, in my opinion, is to build a new entrance.
Without that I don’t think it .