10 Teen Entrepreneurs Who Made Millions Before Turning 18

Believe it or not, there is no age limit or restriction on when you can become an entrepreneur. While most people tend to think that they can’t start their own business until a certain age, that’s absolutely not true. When I launched my first business and jumped into the entrepreneurial path, I was 17 years old and still in high school!

It’s never too early or too late to become a successful entrepreneur and become a millionaire. Anyone has the ability to achieve anything as long as they find a problem to solve.

Here are the 10 teen entrepreneurs who made millions before turning 18:

1. Adam Hildreth

Adam Hildreth was only 16 years old when he earned his first million. How did he achieve such a feat? He created a popular social network in the UK known as Dubit, and he marketed it to teenagers. It became a popular website among teenagers in the UK and gained a ton of traction after he launched it. After that, it began reaching major companies such as Coca Cola who began setting up focus groups with members on their site to better market their products to a younger audience.

He was impressed with the success of his first website that he wanted to do more. His aim was to help his peers and he decided to create Crisp. This website aims to protect children from online predators. Today, Adam is one of the most successful digital entrepreneurs in the UK.

2. John Magennis

John Magennis earned his first million when he was 16 years old. He started a web design business in his bedroom with a small investment. This millionaire is a self-taught web developer and web designer.

At a young age, a lot of other entrepreneurs began seeing his professionalism in his work and he became well known in the industry. He went from charging $20 a website all the way up to $30,000 a site as his business grew.

3. Farrah Gray

This young man faced numerous challenges growing up and that is what made him the man he is now. Farrah Gray became an entrepreneur at a very young age of 6 years old. He sold body lotion and hand-painted rocks as bookends. When he was 7, he had a big vision of himself and his business card reads “21^st Century CEO”.

At the age of 8, he became a co-founder of Urban Neighborhood Enterprise Economic Club (UNEEC). When he was 13, he established his own business called Farr-Out-Food and that earned him millions in his first year in business. He was one of the youngest self-made millionaires at age 14 and the youngest person to receive an honorary doctorate. Not only that, but he was also one of the youngest individuals to have an office in Wall Street.

4. Nick D’Aloisio

Nick was a self made mobile entrepreneur before the age of 18. He created a smartphone app that was bought by Yahoo for a whopping $30 million. He launched the mobile application called Summly, which was responsible for summarizing various articles that became extremely popular over time.

He self-taught himself coding when he was 12 years old and made a news app during his spare time. This app caught the attention of Yahoo and they bought it from him when he was 17 years old for a nice $30 million. Today, Nick D’ Aloisio is also working for Yahoo as part of the acquisition terms.

5. Jon Koon

Jon Koon was called the fashion financier and he earned his first million before he turned 16 years old. At a very young age, he opened an after-market auto parts store called Extreme Performance and provided parts exclusively for the MTV program known as Pimp My Ride. He expanded his business overseas and began distributing to 20 countries.

He wanted to explore his entrepreneurial drive more and he launched a clothing company with a rapper known as Young Jeezy and earned more millions in the process. Today, his business has expanded and reaching more people, earning him more millions.

6. Tyler Dikman

Tyler Dikman started showing his entrepreneurial spirit when he was 5 years old and selling lemonade in his neighborhood. At the age of 10, he did magic shows at birthday parties and started investing in stocks. He was 15 when he started CoolTronics.com, a computer supply business. The website provides online safety lessons to computer and internet users with tutorials in removing viruses or upgrading a PC.

His business branched out into selling and setting up computers and delivering to his customers. When he was 17 and still in high school, he earned his first million dollar in sales from his company that generated revenue from subscriptions and advertising.

7. Ashley Qualls

Ashley Qualls is the owner and developer of the website, Whateverlife.com. It started as a hobby as she used the website to post various pictures and graphic designs that she created.

The website eventually became popular and provided free layouts for a social network called MySpace. The website received tons of visitors, and it solely relied on advertisement revenue since the layouts and tutorials posted were free. When she was 17, she earned her first million dollars. Today, many companies want to acquire her business, but she turned them all down to continue working on her vision.

8. Juliette Brindak

Juliet Brindak created the Miss O and Friends, characters based on a series of drawing-based characters that she also developed. This venture is known as “Cool Girls” whose aim is to be a role model for young girls and teenagers.

She launched Miss O and Friends online and it instantly became a hit with the girls, where they could seek advice from a supportive community and play flash games designed for girls. She earned her first million before she was 18 after Procter and Gamble invested in Miss O and Friends.

9. Cameron Johnson

Cameron Johnson started his career when his parents ask him to design invitations for an upcoming party. His neighbors were impressed by the results of his work and they began offering him money for designing jobs.

When he was 11, he started Cheers and Tears, his own greeting card company. He then later on developed an advertisement service called Surfingprizes.com and it also became a success. When he was 15, he earned his first million dollar year of sales.

10. Robert Nay

Robert Nay was considered a child prodigy at the young age of 14. He self-taught himself in code writing the old fashioned way by reading up at his local library. After a month of writing various codes, he sold 4,000 lines of code for his game Bubble Ball and put the app online for free.

Within just two weeks, the game became wildly popular and dethroned Angry Birds. In just two weeks, he had earned his first $2 million from his wildly successful app.

Conclusion

It’s never too young to start something, and no such thing as too young to earn a million. In this post, we have shared you the 10 teen entrepreneurs who made millions before turning 18.