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The Youngest Tech-Biz Millionaires

January 11, 2014
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Becoming a millionaire is probably among the most sort after goal by humans on earth. However, most people hardly get over the initial hurdle of making their first million.

Per contra to the billions who failed in that quest, a clique of ‘sui generis’ millionaires emerges with each passing day. I am talking about the youngest Tech Millionaires on the planet.

Here is a list of teenage Entrepreneurs who created online money minting ventures while still in their adolescence life phase.

Becoming a millionaire is probably among the most sort after goal by humans on earth. However, most people hardly get over the initial hurdle of making their first million.

Per contra to the billions who failed in that quest, a clique of ‘sui generis’ millionaires emerges with each passing day. I am talking about the youngest Tech Millionaires on the planet.

Here is a list of teenage Entrepreneurs who created online money minting ventures while still in their adolescence life phase.

Julieth Brindak; Founder of Miss O & Friends

From a very early age, Julieth Brindak had a super active artistic side. at the age of 16, she launched a ‘tween’ social network she branded ‘Miss O & Friends’.

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The concept of www.missoandfriends.com was largely from an inspiration she got from a couple of characters she drew while she was 10.With the help of her parents, the site became a huge success and fellow teens were visiting it in hundreds of thousands.

 

The website is currently the largest female only social network. ‘Miss O & Friends’ has an estimated brand value of over $15 million and more than 10 million monthly unique visitors.

Put it into consideration that the site hardly has any advertising and relies majorly on teen word of mouth advertising.

The favorite quote from her?


‘If you can find people who think that what you’re doing is great, they’re going to do everything in their power to make it a success’

David and Catherine Cook; Founders of Yearbook Yen

Some casual flipping through their local yearbook gave two siblings a million dollar idea of putting Yearbooks Online.  To transform the idea into a reality, a capital inflow of a $250,000 by their elder brother was just enough to finance the startup and launch MyYearBook.com.

Catherine-and-David-Cook

 

The response to the idea was astronomical, with the website amassing close to a million registered users within just the first year of launching MyYearbook.comThe company is now worth an estimated 100 million dollars and this is before it implements its aggressive plan of tapping into the global market.

Best quote from the founders?

‘Believe that what you’re working on is going to work, and ignore everyone else’ – Catherine Cook

Sean Belnick

Sean Belnick was always intrigued with the idea of making money online. So eager was he was that he designed his first E-commerce site at the age of 14.

With under $600 in capital, the kid millionaire started selling online Pokémon cards just to get a feel of the trade.

It wasn’t long before he had gained a thing or two on selling stuff online that he switched to retailing furniture and created www.bizchair.com.

Sean Belnick

Seal Belnick is barely 20 and has an estimated worth of about $24Million. When he was asked for some tips on how to start and sustain an online business,


‘You have to have a desire to succeed and take risks to get there- success isn’t for everyone’

 

Adam Horwitz: Developer of the Mobile Monopoly App

By the age of 15, Adam Horwitz had a clear and precise mindset that he wanted to own a million dollar company by the age of 21. He proceeded to create a couple of websites of which most of them flopped.

 

Adam Horwitz

However, in time the online entrepreneur hit a gold mine when he developed the Mobile Monopoly App.

He later sold off the app for a six-figure profit.When asked for advice on how to make money online,


‘There is no way you will make money online, everything is a scam online, blah, blah! Well, there are lying! You don’t have to listen what to others say’

 

Nick D’Aloisio; Founder of Summly

What do 12 year olds prefer to do during their free time? Video Games could probably top of their To Do List, right?

Nick D’Aloisio was from a different cloth and was kind of a nerd and a bit of a hustler.

He traded most of his spare time to learn how to code. What he wasn’t aware of is that the random decision he made was actually going to be one of the best moves of his life.

First forward that to five years later, he woke up and decided to code an iPhone News app. Oh, that’s cute!

Nick D'Aloisio

 Now wait for it…..after a couple of installs and positive reviews the App went ahead to clinch Apple’s Best Apps of 2012 award for Intuitive Touch.

It doesn’t end there because little did the world know that the App had grabbed the attention of Yahoo top executives and later on the US Tech Giant made an offer price of a whopping $30 million dollars for it!

Yeah, the sale of one Smartphone App superseded by a large extent what many will probably not make in a lifetime. When asked to give advice to budding app developers,


‘If you have a good idea or you think there  is a gap in the market, just go out and launch it because there are investors in the world looking for companies to invest in’

Inspiring right?

Feel free to drop your thoughts below.

Kevin is a Passionate Technology Enthusiast and the Lead Writer at MobiTrends. He has been writing about Smartphones and Mobile Technology since 2012. Drop him your comments below :)

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