Young & Filthy Rich: The World’s Youngest Entrepreneurs

Since the dawn of man, every generation has had its share of successful young entrepreneurs and it’s no surprise that Millennials, also known as Generation Y, have done the same, making their own income in innovative ways. For many of these bright stars, that means pursuing entrepreneurship as a means to leave their mark on the world.

Henrique Dubugras: 12

Henrique Dubugras actually started out building his first company at just 12. He then started an online payments company with $1.5B in transaction volume, and sold it. Then finding that despite having hundreds of thousands of dollars in the bank he still couldn’t get a credit card, he decided to launch his own. At just 22 years his new company has raised over $200M and is worth over $1B. Probably one of the youngest of this list that showcases the ages of successful entrepreneurs when they started

Tim Hwang: 16

Tim Hwang started out in the real world early. At 16 years old he was working on the Obama campaign. At 17 he was elected to local government and was managing a $4B budget and over 10,000 administrators. He then went on to raise $230M from Mark Cuban, Winklevoss Capital, Plug and Play and others. His startup uses AI to predict and understand politics.

Michael Cammarata: 13

Despite being dyslexic, Michael Cammarata made his first million by the time he was just 13 years old. By 20 his business was making $100M. Today, he is the CEO of publicly-traded Neptune Wellness Solutions.

Garrett Gee: 15

Garrett Gee turned a lucky guess into a business opportunity when the iPad 2 was about to come out. Then a university student, Garrett guessed that once the iPad 2 came out, there would soon be a blog post somewhere listing the top 10 apps for the device. After recognizing there should be easier to use and less clunky QR code software and apps, he made it his mission to be the first one to offer such a product fit for the iPad 2.

He quickly got the iPad 2 into the hands of his iOS developer, and after two sleepless nights, he had accomplished his goal.In 2014, Gee sold Scan to Snapchat for $54 million.

Keno Fischer: 23

Earlier last year, Julia Computing became one of the most popular open source tools for machine learning and scientific computing, and at the forefront of it all was Keno Fischer, a former Harvard Student with a Bachelors of Arts and Science. It had received a total of 12 million downloads with connections to MIT, Stanford and thousands of universities across the globe. Since it’s inception in 2015, Julia Computing has raised over $4.6 million with grants from the likes of Sloan Foundations and Moore.

David Hauser: 17

David Hauser launched his first business at just 17. It raised $120M and got acquired. He has gone on to launch several other startups, including telephone service Grasshopper which was acquired by Citriz for almost $200M.

Mark Zuckerberg: 20

Mark Zuckerberg really changed the perception of entrepreneurship, what’s possible and the value of young entrepreneurs. Especially when thinking about the ages of successful entrepreneurs when they started. While certainly controversial, he started Facebook in 2004 from his college dorm, and became the world’s youngest self-made billionaire by the age of 23. This was really the tipping point for the hunt for young entrepreneurs.

Cameron Johnson: 15

Cameron Johnson got his start at the age of nine, creating invitations for his parents’ holiday gathering. Two years later, Johnson had made thousands of dollars selling cards through his company named Cheers and Tears.

At age 12, he paid $100 for his sister’s 30 Beanie Babies and sold them on eBay for 10 times what he paid. He then purchased the dolls directly from the manufacturer and made a $50,000 profit in less than a year. He used that money to start an Internet business that brought in $3,000 per month in advertising revenue. By the time he was 15, he had formed other businesses with total revenues of $300,000 to $400,000 per month.

Fraser Doherty: 14

At the age of 14, Doherty began making jams from his grandmother’s recipes. As the word got out, he began receiving more orders than he had time to fill.16 He dropped out of school and rented a factory a few days each month. In 2007, a high-end U.K. supermarket approached Doherty about selling his jams, leading to his products gaining shelf space in 184 stores. By 2007, his company had $750,000 in sales. Since then, his company has continued to grow throughout Europe.

Liam J.E Gerada — 19

Despite his young age, Liam’s journey began when he managed to create a successful online consignment marketplace at age 17 whilst still attending college, which then went on to hit 100,000 orders earlier this year. Since then Liam has played a key role in the foundation of Krepling, one of the fastest growing e-commerce/business building platforms on the market. Krepling acts as a portal for users to create and build the online business of their dreams, without the need for complex coding or framework/development. The platform’s ingenuity has allowed it to develop a strong ecosystem of tech partners and has brought excitement amongst business owners and entrepreneurs alike.

Leave a Reply

%d bloggers like this: