Teenage millionaires who got rich all by themselves

Lovemoney

Rita Lobo 1 day ago

Young people, big bucks

Think of teenage millionaires and cartoon character Richie Rich and his own personal rollercoaster might spring to mind. But there are many real-life teens who’ve capitalized on their creativity and ingenuity to make a fortune.
Click ahead to discover how 10 amazing youngsters made their millions.

Nick D'Aloisio

British philosophy student and entrepreneur Nick D’Aloisio founded his first company in 2011, aged 16. The app, Trimit, used an algorithm to condense text into bite-sized chunks for easy reading. After receiving $300,000 in funding from venture capital investors, D’Aloisio relaunched the app as Summly and hit the big time. He remains the youngest person in the world to raise venture capital.

Nick D'Aloisio

Smartphones and their little screens were in their infancy, and there was limited mobile-only content available. Summly was a hit because it made it easier to read on smartphones by summarizing long articles into 500 words or even 140 characters. It attracted celebrity investors like Ashton Kutcher, Stephen Fry and Yoko Ono, and was eventually sold to Yahoo for a reported $30 million in 2013. D’Aloisio was just 18 and a millionaire.
D’Aloisio is now 21 years old. He worked at Yahoo as a product manager and launched a couple of new products, including the critically acclaimed Yahoo News Digest. He left the company to pursue a degree in computer science and philosophy at Oxford University. He has been busy with scholarly work recently, and his peer-reviewed article “Imagery Overflow: we see more than we report” has been published in acclaimed scientific journals.

Jordan Maron

Born in Los Angeles in 1992, Jordan Maron found fame and fortune on YouTube, at a time when that was practically unheard of. Maron launched the CaptainSparklez channel in 2010 at the age of 18, where he discussed videogames. It was an immediate success. From early on Maron started partnering with brands in order to monetize his videos.

                                  

Jordan Maron

To date Maron’s channels have amassed over 2.8 billion views, and he has close to 10 million subscribers. He’s estimated to be worth more than $8 million, and in 2015 he splashed out $4.5 million on a swanky pad in the Hollywood Hills.
Though he is best known for CaptainSparklez, Maron is also a successful musician. He distributes his music through yet another successful YouTube channel called Maron Music. In 2015, he launched his own mobile gaming company, XREAL, too.