Do you know who the world’s youngest billionaire is? You’ll be surprised to find out that it isn’t Mark Zuckerberg and not even Bill Gates. Here are 10 other teenaged millionaires and billionaires on Forbes’ list of the richest people in America.
There are currently a total of 12 teenage millionaires. The youngest is only 15 years old and the oldest is 27 years old.
Are you seeking for a group of adolescent millionaires? If you answered yes, this article will provide you with ten motivational tales of adolescent millionaires.
Millionaires are becoming increasingly common among teens nowadays. They earned their first million dollars while they were just 20 years old. It only goes to show that age is just a number, and that everything is achievable at any age.
The tales of 10 young entrepreneurs who become billionaires at an early age are presented here.
Nick D’Aloisio, No. 1
Nick D’Aloisio, a 17-year-old entrepreneur (yep, a millionaire at 17!) sold his smartphone software Summly to Yahoo for $30 million.
The plot is pretty intriguing. D’Aloisio first used a computer when he was nine years old, and he began designing applications for cellphones (particularly, the iPhone and iOS) in 2008, when Apple released its SDK for public use.
D’Aloisio’s first foray into app creation was Trimit, a basic iOS app that condensed big content (such as articles) into 1000, 500, or 140 characters.
Trimit, an extremely popular program, was chosen by Apple as one of the Feature Apps in July 2011, bringing D’Aloisio’s name to the public’s notice.
D’Aloisio acquired $300,000 in venture capital investment from a Hong Kong millionaire in the instance of Trimit.
D’Aloisio utilized the funds, as well as the comments and criticism, to reimagine and restructure the app, eventually publishing it as Summly at the end of December 2011 – the software that has now earned him one of the world’s youngest billionaires!
The young billionaire’s ascent to prominence was chronicled by Canada’s Globe and Mail, as well as some startup advise from the young millionaire.
Cameron Johnson is number two.
Cameron Johnson has shown entrepreneurial tendencies since he was a child, and all signs point to his making it big in the future. When he was five years old, his neighbor was the first person to whom he sold veggies.
He began his first business, Cheers and Tears, a greeting card firm, from his home base when he was nine years old. He was making more than $50,000 a year by the age of 12!
Then he went out and purchased 30 Ty Beanie Babies (which were quite popular at the time) and sold them for ten times their original price on eBay.
Johnson, who was still in his teens at the time, recognized potential and turned it into a genuine company by buying the dolls in bulk from Ty and selling them on eBay and on his website, Cheers and Tears.
Johnson established My EZ Mail, an email forwarding business, using $50,000 as startup money. Within a few months, Johnson’s advertising earnings from MY EZ Mail had surpassed $3000.
Following that, Johnson created Surfingprizes.com, an ad provider that integrated scrolling advertising to online browsers.
Surfingprizes.com was especially intriguing because of two factors: (1) Users were paid 20 cents per hour to show adverts on their screens, and (2) word-of-mouth was propagated via referral marketing, with users receiving 10% of the money earned by clients they recommended.
He was making up to $400,000 per month at this time, and he had amassed a fortune of more than a million dollars before graduating from high school!
Johnson established CertificateSwap in college, which he eventually sold for a six-figure price.
He’s worth a couple of million dollars at the age of 28!
Adam Hildreth is number three on the list.
In 1999, Adam Hildreth started the firm Dubit. Hildreth built himself as a successful businessman as a consequence of this UK-based social networking service, and he earned millions! 
By 2005, Adam had gained about $4 million with Dubit Limited, a ‘Youth Marketing Agency’ that was one of the most popular websites in the UK.
Hildreth is also the founder of Crisp Thinking, a company that provides Internet service providers with online kid safety solutions.
Hildreth had a net worth of £2 million in 2004 and is currently worth £25 million, making him the UK’s 23rd wealthiest person. Furthermore, Hildreth’s worth is expected to exceed £40 million by 2020.
Hildreth’s work has also earned him several accolades and prizes.
Juliette Brindak is number four on the list.
‘Miss O and Friends’ was created by Juliette Brindak when she was eleven years old. Miss O and Friends were formed as a result of her business instincts, which she used to develop something from her concept, unlike most people her age.
The ‘Cool Girls’ were a group of animated characters that acted as good role models for young girls and teenagers.
Her mother, a graphic artist, created the characters, while her father, a businessman, assisted in the establishment and administration of the company. Borndak invented the figures herself, with the support of her family, who were inspired by their success.
Brindak debuted Miss O and Friends in 2005, based on the famous characters. This is a website run by and for females, where they can seek guidance from a friendly community and enjoy flash games.
Miss O’s characters have inspired almost 100,000 publications.
Miss O and Friends was acquired by Procter & Gamble in 2008. A $15 million valuation was given to the company!
The site was the third-largest girls-only website in 2011! Today, the site has 10 million monthly users, which is 20 times more than it did when it first began.
Brindak, who is now 23 years old and still operates the firm, utilizes a variety of tactics to remain on top of what today’s tweens want, including giving all-expense-paid vacations for girls to watch their favorite celebrities and bands perform live.
Sean Belnick, No. 5
When Sean Belnick was 14 years old, he started bizchair.com, an internet store for all types of furniture. Sean Belnick started his company activities with a $500 investment from his bedroom.
By 2009, he had expanded from 40,000 square feet to more than 702,000 square feet. In 2010, the firm made over 58 million dollars in revenue.
Sean Belnick’s net worth is believed to be at 42 million dollars.
Ashley Qualls, no. 6
Qualls, a 14-year-old California girl, came up with the million-dollar concept (literally) when she launched the website whateverlife.com.
She began the website as a pastime in her basement, where she posted and developed images.
WhateverLife evolved into a website where kids – the bulk of MySpace users at the time – could learn to code and create creative designs using free MySpace (remember MySpace?) templates.
All instructions and layouts were free, and the website was solely supported by adverts.
In comparison to prominent publications like Seventeen and CosmoGirl, the website started to get a large number of visits. Qualls was a billionaire at the age of 17 because to Whateverlife.com’s huge popularity!
In Qualls’ narrative, despite selling nothing, she became a billionaire at the age of 17! This is one of the genuinely remarkable aspects of her biography and her path to becoming a billionaire at such a young age.
The firm has been offered over $15 million since its beginning, according to the 23-year-old entrepreneur, but she has rejected down multiple takeover offers.
John Magennis is number seven on the list.
Magnus launched a web design firm when he was 14 years old in the 1990s. He taught himself how to design and create websites and started selling them for a few dollars on the internet.
Magennis’ work, on the other hand, was so outstanding that word got out, and he went from developing websites for $15 to as much as $30 per site!
By the age of 16, Magennis was already worth a million dollars!
While Johnson was nominated for Entrepreneur of the Year in the 1990s for his online building and marketing firm, he also created websites for numerous Fortune 500 corporations during this time.
Magennis’ website generates millions of dollars in yearly sales, despite the fact that he launched his company from his bedroom with practically little money.
Johnson, who is 32 years old, is a reality TV producer, professional speaker, and entrepreneur with his own IMDB profile.
He has worked in all phases of reality television production, including development, casting, production, and post-production, on series like Celebrity Apprentice and The Bachelor, to mention a few.
He’s put on concerts in practically every state in the United States, as well as some of the world’s most exotic destinations.
Adam Horwitz, no. 8
Horwitz, who was 15 at the time, built 30 websites in three years. Horowitz earned relatively little money from these websites, and none of them were very popular.
Horwitz, on the other hand, didn’t let it stop him from starting a multimillion-dollar web business at the age of 21.
Horwitz developed Mobile Monopoly, an online course that teaches individuals how to generate leads for mobile marketing. He made a six-figure profit on it!
He subsequently developed a few additional websites that featured online courses, each of which sold for $100,000 or more, in keeping with his objective to educate people how to earn money.
Horwitz was already worth a million dollars while he was just 18 years old!
He also founded Urban Stomp, a website that lists party places (as well as a music component). Urban Stomp earned a tidy profit from affiliate connections before succumbing to its own success: 800 people turned up for a single party, and the site was forced to close.
YepText, his most recent endeavor, is a service that enables companies to send text-message-based marketing and promotions directly to consumers’ smartphones in order to drive traffic to their locations. YepText, unlike other comparable services, focuses on small companies rather than major organizations.
Jon Koon (nine)
Koon was the founder of Extreme Performance Motorsports, a New York-based car components firm, and was worth a million dollars at the age of 16.
Koon would buy wholesale automobile components from Asian auto-parts suppliers with his own money, then work with a local technician to enhance or ‘bling up’ the cars with stronger engines, premium sound systems, luxury finishes, and other upgrades.
Word got out, and Koon’s rendition of ‘Pimp My Ride’ became so famous that he was worth a million dollars at the age of 16!
That wasn’t enough for this budding business. Koon’s car parts manufacturing company specialized on niche markets.
In 2008, Koon entered the fashion sector when he joined rapper Young Jeezy as an exclusive partner in his apparel line.
In addition to its Asian-inspired streetwear line, Private Stock Denim, Koon founded the Tykoon Brand Holdings firm, which handles numerous very successful brands throughout the world.
Tyler Dikman (#10)
From an early age, Dikman shown exceptional business abilities. He earned $22 per hour selling lemonade when he was five years old.
He was earning $74 per hour giving magic acts at birthday parties when he was 10 years old, which was precisely $74 per hour more than other kids his age. During this time, he started to invest in equities as well.
Dikman created CoolTronics.com, a computer supply firm, when he was 15 years old. This website provides computer and internet users with lectures on online safety, as well as tips on how to remove viruses and improve your PC. CoolTronics not only sells computers, but also sets them up and delivers them to consumers.
Tyler, who was still in high school at the time, was generating a million dollars in sales, subscriptions, and advertising as a 17-year-old. His business is still thriving.
He was named one of the Top 25 Entrepreneurs Under 25 by Businessweek.
Tyler is also the founder of Redux, a renowned website.
Conclusion: Millionaire Young Entrepreneurs
One can’t help but feel a little competitive after reading about all of these young entrepreneurs. I hope you find at least one of these lessons useful.
It’s never too late or too early to pursue your aspirations. Anything is possible when you work hard and are innovative. These teenagers are living evidence.
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The “who is the richest teenager in the world 2021” is a question that has been asked time and time again. This article will answer your question by listing 10 teenage millionaires who are worth more than $1 billion each.
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