As unlikely as it may seem, some people can earn more than a million dollar from businesses they run for just few years.
And we are not talking about venture capitalists or businesspeople who open new companies after making huge amount of money with their previous ones; we are not even talking about adolescents at all.
Instead the following list is filled with teenagers who have made enormous income from executing brilliant business ideas from scratch.
Some of them did get help from parents or family, but that doesn’t exclude them from the “self-made millionaire” category because their fortunes are not inheritance of any sort.
While most teenagers make money doing odd jobs during summer holiday or are still accepting allowance, some are determined and persistent enough to figure out and run lucrative businesses in their spare time.
Despite mountainous challenges ahead, a handful of them keep on going and will reap what they sow.
It has happened before, at least to the following people.
10 Juliette Brindak
With the massive variety of social websites these days, you’ve probably never heard of Miss O & Friends, but it does exist.
It was co-founded by Juliette Brindak, who now also sites as the Chief Executive Officer of the company.
Unlike its bigger competitors, Miss O & Friends is intended as an all-girl social networking site.
She started it as a hobby back in 2005 at the age of 16. As of 2012, the website’s value was estimated to be in the range of US$ 15 million.
9 Mark Zuckerberg
Now everybody knows who Mark Zuckerberg is. Before all the fame and fortune, he was not that much different from all his teenage peers, at least those who studied at Harvard University.
During his first year as student at the university in 2003, he created a website called Facemash.
Although the website was soon taken down, it led to the creation of what we know today as Facebook.
He was only 19 years and in his dorm room at that time, and as the website took off all around the world, money started pouring in.
8 Timothy Sykes
The penny stock trader, Timothy Sykes, is best known for earning US$ 1.65 million from day trading while attending Tulane University.
It all started when his parents gave him money in the amount of $12,415 that he then used for trading.
Sykes discovered that riding the momentum of trending stocks gave him the best performance.
He devised an effective way to trade penny stocks and ended up earning more than one and a half million from the initial capital while he was still a freshman.
7 Robert Mfune
This story has been repeated over and over again simply because it is indeed worth retelling.
Mfune started working in his youth; in fact, he worked two part-time jobs when he was 16.
One as a tea boy for a finance firm and another at McDonald’s.
Someone he met at the finance firm taught him a little bit about trading and so he began experimenting on his own.
Not long after his first trading practice, he managed to earn enough money to buy a gold-plated Bentley and few houses.
There has been a controversy whether his story actually is real or fake, but many (if not most) people in the world seem to believe it just fine.