Over the last decade, self-employment has grown in popularity. In this day and age of the internet and technology, people are more confident in their ability to market their ideas and achieve success. People may reach Famous Young Entrepreneurs out to the world and demonstrate their creativity with even the most fundamental abilities, such as understanding how to design a website or promote things online.
A research done in 2015 found that almost 14 percent of the overall working population in the United States was involved in operating their own business, and we all know that the numbers have been expanding since then. Every day, when we drive, shower, or sit through a tedious lecture, our imaginations generate some of the most exciting ideas that may possibly become large business concepts, but we tend to disregard them since we are never aiming to earn money from them. Our minds are idea machines, but only a handful of us take the initiative to make these ideas a reality.
One of the most typical complaints of people who blossom late and achieve success in their later years is that they did not have the courage to market their ideas sooner. One of the most prevalent reasons used by young people is that they are not old enough to start their own business. It is never too early or too late to achieve success in life. You may start your road to being an achiever at any age, as the young entrepreneurs on the list below will demonstrate.
1. Matthew Mullenweg: Founder of the WordPress
Matthew started the firm Automattic in 2005. It was subsequently important in the establishment of WordPress before he was even twenty years old. WordPress is one of the market’s leading Content Management Systems, making it the most popular blogging platform. Who would have guessed that a college dropout would take. The globe by Famous Young Entrepreneurs storm with the simple concept of hosting a blogging platform? Matthew Mullenweg’s net worth is at $40 million USD.
2. Catherine Cook: Creator of MyYearBook.com
Catherine and her brother Dave came up with the concept of digitising high school yearbooks and placing them online when they were 15 years old, when individuals were learning how to write an essay properly for college applications. She and Dave launched MyYearbook.com with the help of their older brother, Geoff Cook, and it quickly became popular. She and Dave became one of the MyYearbook’s youngest millionaires during its heyday.
3. Pete Cashmore: CEO of Mashable
Pete Cashmore, the CEO and founder of the top blog Mashable, has a net worth of $95 million. The website was founded in 2005, when Pete was 20 years old, and it is well-known among people for providing Famous Young Entrepreneurs daily entertainment news and gossip. The company’s popularity may be shown by the 8.82 million followers on its Twitter account.
4. Varun Agarwal Famous Young Entrepreneurs
The author of ‘How I Braved Anu Aunty & Co-Founded a Million Dollar Company,’ is both an entrepreneur and a filmmaker. Varun, who grew up in an era where parents forced Famous Young Entrepreneurs their children to become future engineers and physicians, went through the agony of earning his engineering degree.
5. David Karp: Founder of Tumblr
Tumblr first appeared in the year 2007. David Karp, whose net worth is over $200 million, started the micro-blogging service that is currently owned by Yahoo when he was 21 years old. Tumblr maintains its place as a social media platform despite the fact that it has been there for many years and faces stiff competition from other websites.
6. Mark Zuckerberg: Founder of Facebook
Mark Zuckerberg, of course, must be at the top of this list. Facebook speaks for all of the success the man has attained since founding it at the age of 19 years. Within a few years of its introduction, Facebook has become one of the most popular social networking platforms on the planet. Today, Facebook is still expanding and employing thousands of people.
7. Jon Wheatley Famous Young Entrepreneurs
In 2009, at the age of 22, Jon Wheatley launched the DailyBooth picture blogging service on the internet. The site allows users to post their ordinary photos and caption them. The basic notion of sharing Famous Young Entrepreneurs photos, along with the website’s beautiful user interface, made it popular, and Jon quickly had a net worth of $1 million.
8. Richard Ludlow
Richard Ludlow saw the promise of the internet as a learning environment and worked to make it a reality through his website Acedemicearth.org. The non-profit website sought to provide students with high-quality education at no cost. At the age of 22, he turned down a full-time job offer and admission to an MBA programme in order to create Academic Earth.
9. Blake Ross Famous Young Entrepreneurs
You may not recognise his name, but you are most likely familiar with his work, Mozilla Firefox. At a period when most people used to remain with their operating system’s default browser or Google Chrome, Firefox built a loyal user following. Firefox is currently one of the most popular web browsers on platforms such as Windows, Linux, and Android. Blake was just 19 years old when Firefox was released.
10. Sean Belnick Famous Young Entrepreneurs
Sean Belnick, now 14, began selling furniture on his website bizchair.com when he was 14 years old. Since its Famous Young Entrepreneurs inception in 2004, the company’s sales have grown to generate more than 40 million USD in revenue at one point.
11. Fraser Doherty Famous Young Entrepreneurs
Fraser Doherty is another excellent entrepreneur who started working at the age of 14 and went on to become a billionaire. He began selling his home-made jam to Waitrose stores as a teenager, using a talent he learnt from his grandmother. He titled his firm Super Jam and has a net worth of $2 million dollars.
12. Ryan Block
Ryan Block is one of the most sought-after IT gurus in the world, with a net worth of $30 million. He was a former Engadget editor who rose to prominence when, at the age of 26, he discovered the tech community site gdgt. He later returned Famous Young Entrepreneurs to his prior employer, Engadget, and worked as the product manager for a few years.
13. Joshua Dziabiak
Joshua, who was born in 1987, made his first million at the age of 18 when he sold his first firm, Media Catch. He went on to create a few other businesses, including ShowClix and the Zebra. Joshua’s current net Famous Young Entrepreneurs worth is believed to be more than $9 million USD.
14. Alexander Levin
Levin co-founded ImageShack, the world’s largest image hosting service, when he was 19 years old. Alexander joins our list of the top young and successful entrepreneurs with a net worth of more than $50 million USD. ImageShack is still one of the most popular image hosting sites today, and its popularity hasn’t waned over the years.
15. Aaron Levie
Aaron came up with the notion of giving online file storage spaces to various enterprises when he was 19 years old. Later, he co-founded Box, which is today a premium file storage and content management solution for business centres. Aaron was valued more than 90 million USD in 2015.
16. Justin Bieber
Coming into the music industry through the popularity of YouTube, Justin Bieber managed to capture the attention of the world with his skill when he was only 15 years old. Bieber became a worldwide celebrity at a young age, and he can nearly always be seen among the top artists on the music charts. Taking use of his fame, Bieber has invested in companies such as ‘Shots of Me' and has his own nail polish line called ‘The One Less Lonely Girl.’ Justin Bieber’s net worth was $200 million last year.
17. Charlotte Fortin
Charlotte was a recent high school graduate who chose to start her own firm, Wound Up, after following in the footsteps of her father and grandparents. 3 Wound Up, a women’s clothes business targeting women aged 18 to 40, was inspired by certain tiny and eccentric stores in California.
18. Caine Monroy
Caine Monroy was nine years old when he opened his own crude cardboard arcade inside his father’s East Los Angeles auto parts business. 4 Doting on Caine’s remarkable ability to make something from nothing, the arcade’s sole customer sought to build publicity in the hopes of generating college fund money for Caine. He shared a short clip on social media, and Caine’s Arcade quickly gained international attention, with stories appearing on ABC World News, Good Morning America, and MSNBC.
19. Famous Young Entrepreneurs Jack Kim
When Jack Kim started Benelab, a search engine that produces donations, he was a teenager in Seattle. Kim has previously created search engines and rapidly saw the power of a search engine in producing cash from low traffic. The search engine’s objective, according to Kim, is “to make charity simpler and more accessible.”
20. Willow Tufano Famous Young Entrepreneurs
When the crisis hit Florida hard and properties that had formerly sold for $100,000 were suddenly being auctioned off for $12,000, Willow Tufano, then 14, decided to take advantage of the chance. She broached the idea of buying a house to her real estate mother, who responded by extending her entire support. Tufano, unsurprisingly, was no stranger to the world of real estate. She used to make money by cleaning out abandoned houses and selling leftover stuff on Craigslist.
The Bottom Line
These young people’s tales demonstrate that entrepreneurship is not a one-size-fits-all undertaking. It entails believing in the potential of ideas and pursuing them beyond the stages of ideation and concept development. These young entrepreneurs, who were inspired by family, academics, societal trends, and events, all had one thing in common: they identified and capitalised on an opportunity. And it is the entrepreneur’s spirit.