How to Make a Million Before the Age of 20
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Meet the Teen Millionaires
While their peers were out making trouble, these young achievers were making bank. Forever in search of the secrets to entrepreneurial success, Forbes peeked into the inspirational lives of five whiz kids who built million-dollar enterprises before the age of 20.
Click through our gallery to see their successful ventures.
· Article: Tips From Teen Titans
Next: Teen Millionaire No. 1 -
Forbes
No. 1: Cameron Johnson
At 15 years old, Cameron Johnson was receiving monthly checks of $300,000 to $400,000. At 19, he sold one of his Web sites for an undisclosed "six-figure" amount. It all started at the age of 9 when Johnson began his first business. Using Photoshop in his Virginia home, he began making and selling greeting cards. From there it was one venture after another: Selling Ty Beanie Babies on his Cheers and Tears Web site, My EZ Mail, an e-mail forwarding service, Surfingprizes.com and Certificateswap.com.
· More on Johnson's Businesses
Next: Teen Millionaires No. 2 -
Forbes
No. 2: Catherine & Dave Cook
In 2005, Catherine Cook, 15, and her brother Dave, 17, were flipping through their high school yearbook and came up with the idea to develop a free interactive version online. By 2006, MyYearbook had raised $4.1 million of venture capital. The business has since attracted advertisers such as Neutrogena, Disney and ABC; has grown to 3 million members worldwide; and rakes in annual sales in the "seven figures," says Catherine.
· More About the Cooks
Next: Teen Millionaire No. 3 -
Whateverlife.com
No. 3: Ashley Qualls
Conceived by 14-year-old Detroit native Ashley Qualls as a personal portfolio with pictures and graphics, the ad-supported site evolved to offer free MySpace layouts and tutorials for teens who want to learn how to do their own graphic designs and coding. It claims to nab 7 million individual visitors a month.
In March 2006, Qualls reportedly received an offer for $1.5 million, but turned it down.
· More About Whateverlife.com
Next: Teen Millionaire No. 4 -
Dubit Limited
No. 4: Adam Hildreth
At 19, Hildreth was named one of the U.K.'s 20 richest teens with a net worth of approx. $3.7 million. How did he earn his fortune? He entered the biz world at the age of 14 by starting the social-networking outfit, Dubit Limited. It became the most visited teen Web site in the U.K. In 2005, he founded Crisp Thinking, a software business to protect children from pedophiles trolling the Internet.
· More on 'Dubit' & 'Crisp'
Next: Teen Millionaire No. 5 -
SuperJam
No. 5: Fraser Doherty
In 2002, at the age of 14, Doherty started making jams from his grandmother's recipes in his parents' Scotland kitchen. With SuperJam jars now on the shelves of 184 high-end U.K. supermarkets, he hit $750,000 in sales and is on track to double that in 2008. Doherty's stake is now worth $1 to 2 million.
· More on Doherty & SuperJam
· Forbes' Full Teen Titan Gallery
More on AOL: Young Billionaires -
Getty Images
Also on AOL:
Young BillionairesAs part of Forbes' 22nd annual World's Billionaires list, we take a look at some of this year's youngest members.
Click through our gallery for a glimpse of 10 individuals who are wealthy beyond their years. See what they are worth and how they obtained their fortunes.
Gallery: 10 Billionaires 35 and Under
More on AOL: Unknown Billionaires -
Cassandra Shie, AOL
Also on AOL:
Unknown BillionairesMad money does not always equal fame. These folks manage to skirt the public eye despite their billions. We're not talking about famous and reclusive. We're talking about being flat-out unknown among the masses.
Gallery: Richest People You've Never Heard Of
Next: More Special Features -
More in Money & Finance:
Rich & Single
This year 110 unattached men, including singles, divorcees and widowers, with an average net worth of $4.1 billion, made Forbes' 22nd annual ranking of the World's Billionaires.
From that elite group of men, Forbes selected 10 of the most eligible to profile. Click through our gallery to see their top picks.
Billionaire Bachelors
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Recent Comments
CLyons4216823698 11:53:35 AM Apr 22 2008
Christopher D Lyons Independent Researcher. tiptopwebsite.com/netspendreferral4216823698
Kushal006 06:30:23 AM Apr 08 2008
An inspiring news for the aspiring riches.
Really great.
But I think it would be better if there are also news about how people have been successful in improving the society, i.e., how people and/or groups are changing the lifestyles for millions of our fellows in need.
That would certainly inspire others to try their own bits for the society. That would similarly give new ideas to people and to the non profits for social improvements.
Best regards,
Dr. K. Banerjee,
www.no2ragging.org
Oods00 12:44:05 AM Apr 08 2008
cant one of them just give me like 5,000......come on......
XmDorkee 10:10:37 PM Apr 07 2008
y do these ppl even put this up here to make us feel worse cause we don't have a whole lot of money! This is not even right oh this person has this certain amount of money or this guy has another certain amount doesn't make sense to me!!!
flutealicious12 10:09:11 PM Apr 07 2008
wow peeps u all r worried about money then whats happening in life did u know a lot of kids r dieing right now of starvation and dehidration and u all r worring about money that is wrong people also people r toturing orphan and homeless children they cant fall asleep without woorying about being killed by somebody so just shut up k SHUT UP and stop thinking of urself and think of some other helpless children throughout the world ok and try 2 help them
AntonGar6 03:15:47 PM Apr 07 2008
yes i am rich but not because i did something spacial but because i hit the lottery!
all those people who always taking about how to make money that is a lie?
in also dont believe everything. About those kids aol put in the web page,
because i did search how to make money, you have to have money to make money!
Stevedapimp20 03:06:18 PM Apr 07 2008
just to let u know
i have 6-7 friends that are 18-19 and 20 and all have 5 million a piece
they are professional poker players online
just fyi
so these kids arent really that rich
also have a friend whos 15 and plays poker and has 2.8 million already!
