There are actually a surprising number of millionaires who haven’t even graduated high school yet. We’re not just talking about Richie Rich here. We’re talking self-made millionaires who aren’t even old enough to open a bank account on their own. We’re talking about kids who understand business and how to make money. The mindset starts at a young age.
Without further ado, here are 10 millionaire kids we can learn from:
1. Christian Owens of Mac Bundle Box
Christian made his first million before he was 16 years old. He taught himself web design at a young age and started his first design company at 14. He then went on to negotiate with various manufacturers and distributors to offer a bundle package of applications for Mac OS X (Steve Jobs was his motivator and inspiration). The Mac Bundle Box has since made him millions.
2. Emil Motycka of Motycka Enterprises
Emil start a lawn mowing business at 9 years old. Lawn mowing may seem like a pretty typical business for a kid, but this kid took it to the next level. He took out a loan for $8,000 when he was 13 years old to purchase a commercial lawn mower. He formed Motycka Enterprises by the time he was 18 and went on to make well over $100,000 that summer. He’s now making millions.
3. Evan of EvanTube
Evan started a YouTube channel called EvanTube when he was just 8 years old. Now he is making approximately $1.3 million a year from his channel with over a million subscribers. What are his videos about? Exactly what you might think – reviews of toys and other things that kids his age are interested in. Yes, you can get rich talking about Minecraft, Angry Birds and Legos!
4. Cameron Johnson of Cheers and Tears
Cameron was earning around $400,000/month in high school. It all started when he created invitation cards for a neighborhood party his parents were having. When the guests saw the cards, they started asking him to make cards for them and paying him for it. He founded Cheers and Tears at 14 years old, then preceded to go into software development and online advertising, which made him a millionaire by the time he was in high school.
5. Adam Hildreth of Dubit and Crisp
Adam was a millionaire by his 16th birthday after creating a teenage social networking site called Dubit (popular in the UK). After he had so much success with his social networking site, Adam went on to create Crisp, a company that helps protect kids against online predators. In 2004, he made the UK’s top 20 richest teens list.
6. Moziah Bridges of Mo’s Bows
Moziah started a bow tie company at 9 years old and quickly grew his business to earning $150,000/year. Today, Moziah has several employees. He has been featured in several popular magazines and even went on Shark Tank. He’s working on a full clothing line at the moment, which I’m sure will end up being an impressive success as well.
7. Geoff, Dave, & Catherine Cook of My Yearbook
Before everyone was on Facebook, these three siblings started My Yearbook, a social media site based on the school(s) you went to. It was similar to Facebook at the time, but with more focus on grade school rather than college. The idea to start the website began when they moved to a new town and wanted to make some friends. The site took off and six years later. The Cooks ended up selling the site to the Quepasa Corps. for $100 million. Not bad at all.
8. Sanjay & Shavran Kumaran of GoDimensions
Sanjay and Shavran, at 12 and 14 years old, respectively, run their own gaming corporation. They have several apps, with over 35,000 downloads between them. They have developed the popular Catch Me Cop app, among others. Their apps are monetized purely through advertising, which makes them free for kids to download. Now they speak at events and conferences on ideas, making them happen and drawing up business plans.
9. Farrhad Acidwalla of Rockstah Media
Farrhad founded Rockstah Media, a marketing agency with 20 employees around the world and he did it at 16 years old. You may have heard of his company or you may know Farrhad from one of his TED Talks. He is known today as one of the most promising entrepreneurs of our time. When asked about the success of his company, Farrhad said “My team is the backbone of my company,” which can definitely teach us a thing or two.
10. Robert Nay of the Bubble Ball App
Robert raked in over $2 million in two weeks, following the release of his famous Bubble Ball game. He was only 14 years old at the time. Today, his game has been downloaded over 16 million times and Robert continues to develop new apps with his company, Nay Games. Bubble Ball has been seen on Good Morning America and continues to be one of the most popular games in the Apple Store.