Teenage Social Media Millionaires

Teenage Social Media Millionaires

• Many children dream of becoming millionaires before 20, but some achieve this goal by leveraging new technologies and innovative business ideas.
• Dominic McVey: Becoming a millionaire at 13 after misspelling "Visa" led him to a scooter company website. He offered to sell their scooters in the UK, securing a deal where selling 5 scooters earned him a free one. This led to high demand and sales, eventually making him a successful entrepreneur. He received an honor from the Queen.
• Maddie Bradshaw: A 10-year-old who wanted to personalize her locker, instead created unique decorative magnets using old bottle caps. This success inspired her to turn her idea into jewelry, creating "Snap-cap" necklaces which showcased her inventiveness and her business acumen. She became a millionaire at 13.
• Nick D'Aloisio: At 15, Nick noticed how overwhelming the amount of information on the internet was. He created 'Trimit', an app to summarize news articles. Despite early versions being problematic, he improved it and it was acquired for $300,000. He later led development for Yahoo!
• Sean Belnick: Sean started by selling Pokemon cards and mowing lawns, but his business acumen led him to noticing a need for a more efficient way to procure office chairs. He created a website to sell office furniture, sourcing these products directly from the manufacturer, demonstrating excellent business strategy. His company reduced energy consumption and carbon emissions, winning an award.