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Monday, September 27, 2021

The Youngest Millionaires and How They Made It Big

Becoming a millionaire is a cherished dream for many students. But how can you get such impressive incomes? If you are looking for some information about young people, who are self-made millionaires, this post is right for you. This list might make you feel inspired by the success stories of other bright minds. 

Before You Start 

Most millionaires made it big by launching their own businesses. If you would like to become an entrepreneur, too, there are some facts you need to know about. The truth is that you will need to have plenty of free time you will dedicate to launching and promoting your business. As a result, you will not be able to complete all your academic assignments on time. However, if quitting college or university is not for you, it is still possible to have a brilliant academic performance. You can pay for essays online and get tons of free time for building a career or setting up your own company. The essay order process is fast and simple. As a result, you will get all your papers done in no time. Now, it’s time to learn more about the youngest millionaires and their unique ways to success. 

Nick Molnar

This 30-years old youngster is a world-famous self-made billionaire. This is an incredibly talented guy who gained amazing profits working in the fintech industry. Nick is a co-founder of Afterpay, a company, which allows users to divide the price of their purchases into interest-free installments. 

Born in Australia, he graduated from college in Sydney. His first business efforts related to trading jewelry on eBay. However, Nich soon switched to more innovative solutions. Currently, he can boast of having extensive experience in online retail. The incomes of Nick Molnar continue to grow at railway speed. 

John Collison 

This Irish billionaire also has an impressive biography. His net worth was estimated at US$11.4 billion! How did he gain such amazing profits? He started his business initiatives a few decades ago by founding a company together with his brothers. John tried different solutions before he became a co-founder of Stripe, a company that is focused on processing payments online. Currently, Stripe is being used by thousands of businesses all over the world. Moreover, by offering new innovative features, the сompany is attracting even more clients. 

Stanley Tang

Have you ever heard of DoorDash? It is a popular food delivery app Fang and Tang co-founded in 2013. The application became more demanding than ever during the pandemic as restaurants and customers were looking for advanced delivery options. It went public on the New York Stock Exchange in December. Fang, formerly served as the CTO (Chief Technology Officer) of the company, while Tang was the CPO (Chief Product Officer). According to the prognosis of most business experts, DoorDash will continue to grow in the upcoming years. The reason is that more and more people want to use easy and convenient delivery applications. Moreover, the coronavirus crisis is still making many people stay at home. 

Ashley Qualls

This talented lady started to put her ideas into practice when she was only 14. The founder of WhateverLife.com, Ashley, launched her business when she was a schoolgirl. Originally, WhateverLife was focused on offering free Myspace layouts and easy HTML tutorials for teenagers. The business was supported only by advertising revenue but soon flourished. Currently, Ashley is an owner of one of the profitable businesses. An official company’s website attracts about 8 million users per month. Moreover, a young lady is the editor-in-chief of Lucky Soul, a well-known service that helps to fund charitable causes.

Austin Russel 

This guy is one of the youngest millionaires on our list. After being dropped out from college, he founded a successful automotive sensor company called Luminar Technologies. It is a well-known fact that Russell developed the idea for Luminar when he was just 17 and studying physics at Stanford University. Following his company’s listing on Nasdaq, Russell became the world’s youngest self-made billionaire at age 25. This entrepreneur is also known to be the founder of innovative high-tech sensors designed to help self-driving vehicles monitor their surroundings.

Cameron Johnson

This youngster is often called a genius in financial and commercial fields. By the time he was 11, he had tried creating greeting cards that had earned him thousands. Rocket launching the first business made him look for something more. Cameron was one of the most recognized young entrepreneurs in the world. Being a teenager, he initiated a dozen businesses that achieved success & had made his first million dollars just before high school graduation.

As you can see, many of the youngest millionaires worked a lot and became successful because of putting their talents into practice. All of them made their fortune in completely different niches, starting from making simple layouts online to investing money into big projects. If you still hesitate about starting your own business, just try. Perhaps, you will soon be included in the list of the youngest millionaires, too.

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Daniyel Carlson
Daniyel Carlson is a Young Researcher in the field of Data Science & Analytics having research experience of more than 8 years. He has a Masters in Computer Engineering and currently serves as an Editorial Assistant in IGI Global, United States of America. Daniyel also holds honorary positions in the Associate Member of Institute of Research Engineers and Doctors, International Association of Computer Science and Information Technology, International Association of Engineers, Society of Digital Information and Wireless Communications.

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