Millionaires Under 20 | New Rich
Times are rapidly changing and now a new breed of entrepreneurs has developed itself,
they are often referred to as the New Rich and we are about to take a look at 7 millionaires under 20 and how they made it happen!
Some people say you become an entrepreneur as you grow older but some tend to believe that one is born with said skills within. This article, as you’ve probably realized by now, tends to agree to the later. Taking a first look at them you see an average teenager, well, that perception changes once you see how they’re delegating, managing as making amazing use of their bank account.
Tyler Dikman ~ worth $3.2 Million
Currently valued at $3.2 Million, this young fellow started his first business 13 years ago, in 2000, when the internet was still shaking. He started Cooltronics with the purpose of teaching people how to clean up their computer of viruses and it blew up! His business model was subscription & advertising based, which made him millions.
Cameron Johnson ~ worth $3.2 Million
At the age of 9, back in 1994, Cameron Johnson started making his first dollars by selling invitation cards, 2 years later he had enough money to start his first company Cheers and Tears. He kept pushing forward with different projects and by the age of 15 he was earning over $400,000 each month.
Ashley Qualls ~ worth $8 Million
Ashley is another young entrepreneur that rode the internet boom, she started her business at seventeen taking out an $8 loan from her mother to start a website! Whateverlife.com focused on HTML tutorials and free MySpace themes, which made Ashley a multi-millionaire.
Juliette Brindak ~ worth $15 Million
Juliette started a website called Miss O and Friends when she was just 10 years old. As she and the website matured it evolved into being one of the go to places for gossip, games and quizzes. She recently launched a Miss O and Friends book line, still being the CEO and editor of the site. Her net worth is estimated to be close to $15 Million.
Farrah Gray ~ worth $20 Million
Farrah Grey happens to be the youngest person in the world to have a Wall Street Office. He started when he was just 6 years old by selling body-lotion and at the age of 13 he founded Farr-Out Food. In less than 12 months the company had received orders worth $1.5 Million making him a millionaire by the time he turned 14.
Adam Hildreth ~ worth $50 Million
I know you were expecting a social network person, and Adam is it! At the age of 14 back in 1999 he started a website called Dubit. The website grew, and by 2005 it was one of the largest social networks in the world being valued at $3.5 Million. Our young entrepreneur didn’t stop there, founding business after business, and he is now considered on of the richest people in UK. His latest venture Crisp thinking took he’s earnings even higher, close to $50 Million.
Sean Belnick ~ worth $59 Million
Sean Belnick started bizchair.com, an online retailer website for all times of furniture with only $500. He kept running it from his bedroom and in 2004 finally got his first warehouse. By 2009 he had more than 702,000 square feet of warehouse space. By the end of 2011 his yearly sales were close to $80 Million and they kept going up!
If you were looking for some motivation, I truly hope we were able to provided. Although our examples started very young it’s never too late to start your own business, and maybe in a few years we’ll be writing about you!