Alex could graduate with a million dollars in his bank account
Alex Tew, 21, of Cricklade, Wiltshire, who will go to Nottingham University in October to study business management, launched milliondollarhomepage.com.
Companies choose from the one million pixels on the site and buy their own for one dollar (60p) each.
"I have lots of investment ideas but want to be sensible," he said.
'Minimum investment'
One of Alex's three elder brothers left university owing £30,000, prompting him to a firm decision not to slide into the red.
"I was up late with my notepad when it came to me," said Alex.
The website has a grid of 10,000 boxes, each 100 pixels (10 by 10) in size.
Customers can place advertising logos on the purchased space, linking web users to their own websites.
If his site succeeds, he should leave university with $1m (£543,615).
"I don't believe it," he told BBC News Interactive. "It doesn't really sink in, doesn't make sense.
"They are sold in blocks of 10 with a minimum investment of $100."
The Million Dollar Homepage, as of 29 December 2005.
Alex Tew, a student in England, has almost reached his target of one million dollars on his website: Million Dollar Homepage. He came up with the idea after jotting down ideas before he went to bed on how to become a millionaire before he went to university. Then he came up with the million-dollar idea: selling pixels at USD $1 each on a web page. Alex currently believes he can make his goal by the end of 31st December, 2005.

Advertising companies especially appreciate the website, as they wish to "make Internet history" on the Million Dollar Homepage. In fact as of writing, he has already made USD $999,000. The student says advertisers get to keep their ads for a period of five years from purchase and he says he will use the money he has made to guarantee it. Alex has said he has already got numerous job offers from companies aiming to secure his money making talent.

Tew is undergoing a business management course at Nottingham and needed GBP £7000 a year to complete his studies. He is understandably overwhelmed by the success he has achieved: "It's just nuts. I'm in a state of disbelief. It's like Monopoly money but then I look at my bank account and there's a lot of cash in it." The British National Union of Students claim that 90% of students are in debt. However, what only worries him is how he's going to spend his money. He has already spent some of his money on a car for himself, as he thinks of what to do with his new fortune.

His website's method is simple; his website is made up of one page divided into 10,000 boxes, each 100 pixels in size. Companies can buy one or more boxes for USD $100 each and cover it with a logo, which, when clicked on, transports web users to the customers' own site.
The figures add up with the site now carrying over 240 advertisements and has 30,000 hits a day. Even the actor Jack Black, star of "''School of Rock''" and "''Shallow Hal''", is using the site to advertise his band Tenacious D.