Teenage Millionaires On The Rise

While their peers were out making trouble, these young achievers were making bank.

Forever in search of the secrets to entrepreneurial success, we peeked into the inspirational lives of five whiz kids who built million-dollar enterprises before the age of 20.

They partnered with friends, siblings and mentors, or did the work on their own. Three are from the U.S., two from the U.K. All started at age 15 or younger--and one before he broke double digits.

Their common thread: preternatural business sense and demon drive to turn ideas into reality.

While four of the five were making a mint on the Internet, Fraser Doherty was doing things the old-fashioned way. In 2002, at the age of 14, Doherty started making jams from his grandmother's recipes in his parents' kitchen in Edinburgh, Scotland. Neighbors and church friends loved them. As word spread, Doherty started receiving orders faster than he could produce them at home, so he rented time at a 200-person food-processing factory several days a month.

Keep Reading

-OR-

See other ways one can make a million before turning 20 years old.

Comments

[abbiehoffmansghost]

Wow, this story is tantamount to offering these kids up to the pedophile party. Keep them safe from Republicans, please.

[kellygrrrl]

I love hearing stories like this. Generally, you only hear about teens making money as a Performer, actress or musician. It's great to hear a few making it in business.

[UtahLiberal435]

Most of them make their 'millions' by immediately selling their start-up to a holding company, rather than building up the business.

Take the money and run, the new paradigm for success.

[FreedomCorpse]

that's just great 0.0000025 percent of teenagers are becoming successful, the rest will have to work at walmart or mcdonalds for the rest of their lives.