The teenage years can be a confusing time fraught with highs, lows, revelations and sometimes disappointment. Imagine how much more complex it might be if you had to address the needs of a growing business at the same time.
Some teenagers do take on the responsibility of starting and managing ventures and a handful of them become rich doing it. Born with an almost preternatural desire to create or build, these young prodigies allow their ambitions and visions to blossom into businesses.
Young Master Bridges, Moziah Bridges – Mo, for short – has been designing and sewing his own ties since his grandmother taught him how when he was nine years old. He has earned over $30,000 thus far with his one-man (one-boy) business, selling on his own Etsy page accessible from his website.
At 17, Nick D’Aloisio — a prodigy app developer — sold his news summarization app, Summly, to Yahoo! for $30 million. He is now a full time employee at the company.
Hired to run business development at Digg (at age 19), Brian Wong went on to found mobile rewards network called Kiip that proved a game-changer in mobile advertising.So far the company has taken in over $15 million in capital investment.
Cameron Johnson started his first business at age 9, making invitations for his family’s parties. Several businesses later — selling Beanie Babies, internet ad space and greeting cards — and his net worth had surpassed the $1 million mark before he’d finished high school.
With over $1 million in sales, 15-year-old Madison Robinson’s Fish Flops apparel company sets her well on her way to millionaire status. Like any good entrepreneur, she diversified into t-shirts, hats, apps and even writes her own children’s books.
Justin Bieber, perhaps one of the most famous teenagers turned millionaire entrepreneurs, branched out from his pop star status to the tech field, holding a stake in a handful of companies as a venture capital investor. Last year FORBES measured his two years earnings at about $108 million.