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It sounds like a dream, but more and more kids are making a million dollars before they even hit the age of 20? How? These Million Dollar kids are creating their own businesses before they even go to college. Just look at the stories of a few million dollar kids…
Adam Hildreth started his own Internet marketing and security business when he was only 14 years old. He led the firm called Dubit Limited for four years, becoming one of the richest teens in the UK back in 2004 when he had a net worth of $3.7 million dollars.
Catherine Cook at age 15 and her 17 year old brother Dave convinced their older brother Geoff to invest $250,000 and his time to help them launch MyYearbook.com. MyYearbook even managed to raise $4.1 million from U.S. Venture Partners and First Round Capital. Now the site is worth well over 1 million.
Some other kids who made a million dollars before the age of 20 include Ashley Qualls who created whateverlife.com was offered 1.5 million for her site and a car, but she declined the offer.
Article adapted from Forbes.com
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July 1st, 2008 at 2:52 am
There seems to be loads of young entrepreneurs running around in the world of the internet. The great thing is that these kids are living the lifestyle and by being in the loop they are able to easily identify what is cool and trendy and what is not.
Another bonus is that a wide circle of friends can serve as their testing ground before releasing something on a grander scale.
Here’s to the children that are our future! May we all proper and live in peace!