Young Rich List – Top Young Entrepreneurs Making Millions
Top 30 Richest Young Entrepreneurs
Top Young Entrepreneurs Making Millions
You know you’ve made it when you are on every single newspaper and magazine publication known to man, or even better when they have a movie about the birth of your company! There are so many ways to make money online, it could be a physical product that you are selling, maybe you create software and want to help those pesky spies from gaining government information? Whatever your flavor of entrepreneurial streak may be, there are some sure-fire ways to make it in the online world.
What’s more, you can often start making money without even putting any in, although this will probably cause a slower return rate and lesser volumes you could still do it. The truth is that any Tom, Dick, or Harry could start a business if they really wanted to.
BUT…there’s a catch.
Of course, there’s a catch, there’s ALWAYS a catch, right?
“Well, go on tell us what the catch is!”
I hear you ask, it’s simple, you just need to know. You need to know what it is you are selling, how you are going to sell it and you have to know it has a reasonable value. There’s no good selling rubbish if the value is zero.
Also, you need to “Know” how to motivate yourself, how to motivate others, how to hustle with the best of them. Let’s stop a minute and rethink this.
In order to make money online you need to have qualities, and give quality to your customer, client, or subscriber. Sometimes content is king, sometimes it’s the person behind the content. With that in mind, I offer to you, the kings and queens of the entrepreneurial world. “The 30 Richest Entrepreneurs Under 30″…
…Enjoy
FYI: Net worth’s are estimates based on stock prices, company shares, investment, annual earnings, estimates made by professionals, insider information & research from the internet.
#1 Mark Zuckerberg – born on May 14, 1984
Worth an estimated $108 billion
If you don’t know who Mark Zuckerberg is already, you really must have been living under a rock. Mark is an American entrepreneur who co-founded and is currently the CEO of the social networking behemoth we know as Facebook. Hailing from White Plains, New York, Mark started his programming at a very early age back in “Middle School” and it looks like that really paid off. Currently owning approximately 24% of Facebook, Mark is now a Multi-Billionaire, with a fortune of roughly $6.9bn and growing. So why is he top of the list? Well, I can think of a few reasons, 6.9 billion reasons in fact! Related Blog Post – Top 30 Successful Entrepreneurs
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#2 Dustin Moskovitz Aged – born May 22, 1984
Worth an estimated $14 billion
Now Dustin may be a little less familiar to you than Mark (above) but he’s definitely someone who has struck lucky. In fact, Dustin was one of the co-founders of Facebook along with Mark. Dustin has since left Facebook (back in 2008) and has now set up his own business, Asana a company that apparently tackles the problems of workplace collaborations. Still, in its early development stages, Asana is currently in Beta mode if you are interested? So how much did he make? A little over $1.4bn.
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#3 Andrew Mason – Aged 29yrs
Worth an estimated $600 million
Andrew Mason is the founder and CEO of the online business Groupon. A site you have all more than likely heard about or used before. Andrew Now just 29 years old is worth an estimated $600 million due to the site’s huge success. Founded in 2008 Groupon has been steadily increasing its traffic and its income for the grateful founder. The aim of the website is to offer out daily deals to people all over the world via an online coupon service. Each and every day Groupon releases new “Groupons” to its customers allowing them to receive discounts on anything from subway meals to laptops and much more. Andrew was given $1 million dollars by his previous employer in order to start this venture which has now made them both a lot of money in the 2 short years it has been up and running. I’m sure we can expect more from them in the near future.
#4 Matthew Mullenweg – Aged 26yrs
*Worth an estimated $250 million
It’s nice to have one of our own on the list, and I’m pretty sure we all know who this young chap is.
Matthew Mullenweg is the founding developer of WordPress, a resource a lot of us use on a daily basis. Funnily enough, his background is anything but technical, he went to a performing arts school, learned to play the Jazz Saxophone, and then he went on to create one of the best website and blog programs in the world. In 2005 he started the company Automatic, which became the backing force behind WordPress and Akismet. Well done Ma.tt – You see what I did there?
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#5 Blake Ross – Aged 25yrs
Worth an estimated $150 million
Blake Ross is an American software developer, known best for his work with Mozilla Firefox. That’s right at the age of 25yrs he has been able to accumulate a total fortune worth $150 million. In 2005 he was nominated for the Wired Magazines top “Rave Award” opposite some very popular names including Larry Page and Jon Stewart. Blake also co-founded the company Parakey which was eventually bought out by, yes you’ve guessed it, Facebook.
#6 Gurbaksh Chahal – Aged 28yrs
Worth an estimated $100+ million
Gurbaksh Chahalis an American author and entrepreneur that has managed to create, build and grow two businesses into a massive empire worth $340 million, and all that before he is even 30yrs! Born in India, his family finally settled in California, by the time he was 16yrs old he had dropped out of school and decided to embark on a career in business. Gurbaksh is now the CEO and founder of gWallet.Inc. What an awe-inspiring story.
#7 Naveen Selvadurai Aged 28yrs
Worth an estimated $80 million
You may not have heard about Naveen but rest assured he is definitely a big hitter. He made most of his money through a joint venture that you may have heard of, Foursquare anyone? However, before co-founding Foursquare, he had worked extensively with some very well-known brands, Nokia, Sun Microsystems, and Sony to name a few. $80 million, yes, please!
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#8 Angelo Sotira – Aged 29yrs
Worth an estimated $75 million
Angelo, is someone a lot of you graphic designers, photographers, and web developers may know very well. He is the pioneering brain behind DeviantArt, The website was co-founded back in 2000 with Scott Jarkoff and Matt Stephens and is bigger than ever today. It really is the Facebook of the art/digital art world. The community is very strong and it’s a really intriguing and inspirational website. Still $75 million for creating a website back in 2000, I think I could wait 10 years for $75mil, how about you?
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#9 Nat Turner – Aged 26yrs
Worth an estimated $70 million
Nat Turner is one lucky entrepreneur, but let’s not be harsh on him, he worked extremely hard in order to get lucky. What I mean is that he was lucky enough to build a brilliant company, Invitemedia, which is a “universal buying platform” for display media according to their website. Where he got “lucky” is when the global giant that is Google, decided to buy him and his co-founders (Zach Weinberg and Scott Becker – both aged 23yrs) out for a nice round figure of $70 million. Good job Nat.
www.invitemedia.com
#10 Peter Cashmore – Aged 24yrs
Worth an estimated $70 million
Peter Cashmore is is the CEO and founder of the unique media website Mashable.com which he started back in 2005. Pete has been lucky enough to appear in the Forbes Magazine’s 30 under 30 as well as getting a mention in the top 25 web celebrities. There have been so many great reviews by so many large publishing brands and the brand itself seems to just getter better with time. The site now has over 10 million readers monthly and is set to have even more by the end of the year.
#11 Alexander Levin – Aged 25yrs
Worth an estimated $56 million
Alexander is one of the co-founders of the very popular image storing website ImageShack. Racking up a huge $56+ million fortune along the way, Alexander has done very well indeed. Starting the website back in 2003 after coming up with the concept in high school, it is now one of the largest image hosting websites in the world. However Alexander was not alone in the creation of ImageShack and if it hadn’t have been for his older brother Jack, he might never have gotten the website onto the server! Well done boys, nothing like brotherly love.
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#12 David Schottenstein – Aged 26yrs
Worth an estimated $52 million
David is the founder and CEO of Astor & Black, his main revenue is made from his 82 independent sales representatives, from all over America. Astor & Black is an online business that sells bespoke, original, and very high-quality evening and business wear. David has his team of “Clothiers” who for a fair price, will come to your home and give you a unique style, enhancing your wardrobe so you look fit for the real world. This niche is obviously for very high-end and very high-maintenance type persons, but nonetheless, he has made a large sum of money for what he does, and he does it very well.
www.Astor & Black.com
#13 Sean Belnick – Aged 22yrs
Worth an estimated $50 million
Sean Belnick first started his own business back when he was only 14yrs old, locking himself in his bedroom for almost three days, he emerged with what we now know as Bizchair. He began selling a few office chairs here and there, eventually gaining an employee until he finally got his sales down to a tee. He currently sells office furniture to the likes of Google, Microsoft, and many more. He is now worth an estimated $50 million. Not bad going,
#14 Tim O’ Shaughnessy – Aged 29yrs
Worth an estimated $45 million
Tim O’Shaughnessy is one of the co-founders of the popular website Livingsocial.com, they are a social buying company, specializing in daily deals, across western countries. The aim of the game is to offer as many people products and promotions for heavily discounted prices, very similar to the Group-on company. So far they have given thousands of deals on a daily basis to millions of happy customers, lets hope they can keep up with Groupon.
#15Eddie Frederick – Aged 29yrs
Worth an estimated $45 million
Eddie is the President and also the co-founder of Living social.com alongside Tim (above) they have managed to help countless people get amazingly good deals for products and services all over the western countries. With a massive turnover coming from advertisers as well as revenue from the sales of the products and services they dish out, it’s no wonder they are millionaires today.
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#16 Matthew Mickiewicz – Aged 26yrs
Worth an estimated $40 million
Matthew Mickiewicz is one of the co-founders of the company Sitepoint, which many, many of you will already know. Sitepoint also runs the website 99designs which became an overnight success, reaping in millions of dollars for Matthew. Speaking of his success Matthew stated the idea of the whole business came about after becoming engrossed in website design and development. 11Yrs since the start of his career Matthew is still going strong and the businesses show no sign of slowing. Good on you Matthew.
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#17 Ryan Block – 28yrs
Worth an estimated $30 million
Ryan was a regular kid from South California when in 2004 he started working for Engadget as a part-time reporter, moving swiftly up the ranks Ryan managed to climb the ladder to the Editor-in-Chief position. In July 2009 using an approximate $550,000 investment, Ryan created his business gdgt.com, along with some help. He now has thousands of loyal followers and answers a plethora of questions on the topic of gadgets. Not bad for a part-time reporter.
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#18 Catherine Cook – Aged 20yrs
Worth an estimated $30 million
Catherine Cook is no stranger to the world of online social networking, in fact, she helped create the industry at the young age of 18yrs with her highly respected website MyYearBook.com. Another self-made millionaire, Catherine has made most of her money through advertising revenue from which the website is supported. If you have not been on the website, which is aimed at mostly under 18yrs from the US then check it out. Think Facebook mixed with Friends Reunited.
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#19 David Cook – Aged 22yrs
Worth an estimated $30 million
David is the older brother of Catherine Cook (above), and he has done amazingly well by helping build and develop the website. It’s funny to think that many of us have sibling rivalries and yet these two inspirational entrepreneurs pulled together to make a huge fortune for themselves. The site was initially funded by their older brother Geoff who was at the time (and possibly still is) a budding entrepreneur himself, it seems lending them the $250,000 for their idea was a successful leap of faith.
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#20 Ryan Allis – Aged 25yrs
Worth an estimated $28 million
Ryan is the CEO and co-founder of the company iContact, the nature of the business is not unlike that of Mailchimp. They provide marketing tools of the email variety and his efforts to further email marketing sales for himself and his clients have earned him a very nice amount of revenue. Able to boast over 50,000 clients globally, and with a best seller on the bookshelves entitled Zero to Million, Ryan is going places, fast.
#21 Aodhan Cullen – Aged 27yrs
Worth an estimated $18 million
No, he is NOT one of the vampires out of the Twilight series of films, though I bet he was a bit of a night owl whilst starting his business empire. Aodhan Cullen is the CEO of the online company StatCounter. If you don’t already know, StatCounter is a web analysis and statistics company that was founded in 1999 when he was a mere boy aged 16yrs. The website has had huge success and in mid-2008 the members tally had grown to a whopping 2 million (globally). Good stuff Aodhan.
#22 Susan Gregg-Koger– Aged 25yrs
Worth an estimated $15 million (combined)
Susan Gregg-Koger is the CEO and co-founder of Modcloth.com, operating the site via her college dorm room where she managed to process orders herself whilst keeping up with her academic classes, that’s hard work right there! Her website was designed by her then boyfriend (now her husband – below) and the site went from strength to strength and is going remarkably well even now. The site boasts over 300 designers all creating one-off unique garments for their customers, sounds great.
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#23 Eric Koger – Aged 26yrs
Worth an estimated $15 million (combined)
Eric was the design expert behind the Modcloth.com website, andalso helped with the hosting side of things. Eric is still very much a part of Modcloth.com and helps with the design, working closely with other designers they employ to oversee things are how they want them to be. He also helps with the financial side of the business like budgeting and sales reports. He also takes some of the product photography from time to time. What a great pair they are.
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#24 Rishi Kacker – Aged 24yrs
Worth an estimated $12 million
Rishi is one of the co-founders of Voltage.com, a security based company, the nature of the business is the encryption and protection of online and offline data through the use of electronic devices. In other words they stop people stealing data and identities etc. Currently serving around 1,000 customers at the time of writing the company has gone on to very big things, and although Rishi is still part of Voltage.com it has since changed hands of ownership. Which has allowed Rishi to become very wealthy in the process.
www.voltage.com
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#25 Matt Pauker – Aged 24yrs
Worth an estimated $12 million
Matt was Rishi Kacker’s (above) business partner and another one of the co-founders of Voltage.com. The business started in 2002 and Matt is still there at the time of writing this. Matt has been involved with the design and architecture of the business and still gets deeply involved in all the processes which come with it. The company is now used by some of the biggest named brands and businesses in the world, and it is still growing. Matt was also named as one of the top 25 young entrepreneurs by Business Week as well as having been featured in numerous other highly respected publications.
www.voltage.com
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#26 Sean Whalen – Aged 28yrs
Worth an estimated $10 million
Sean is a very physical entrepreneur and doesn’t mind getting in there, and really getting his pulse racing. Sean developed the AlterG treadmill, which is essentially a treadmill for use in anti-gravity. Why? Well besides it being a very good idea, it is perfect for those athletes or the elderly who have injured themselves. It allows you to train using only 20 percent of your natural body weight, which allows the user to develop strength much more adequately, safely, and without causing any more pain than necessary. Did I mention Sean’s dad was a NASA research scientist? That must be where he got the idea. Brilliant.
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#27 Joshua Dziabiak – Aged 23yrs
Worth an estimated $9 million
Joshua started his first company, a web-based hosting and design site aged just 15yrs, by the time he was 18yrs he had managed to grow the business to such a degree that he sold it for $1 million. Now that’s not bad by anyone’s standards, £1 million by the age of 18yrs from a company he started as a mere boy! Since then Joshua has managed to break through yet again and is now the CEO and co-founder of Showclix.com a ticket sales company that serves over 1,000 customers a year with over 1 million sales so far! It seems Joshua doesn’t know how to fail.
www.showflix.com
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#28 Aaron Levie – Aged 23
Worth an estimated $7 million
Aaron is the CEO of the website Box.net, for those of you that now of Box.net, here is one of the founders. Starting back in 2005 Aaron aged just 18yrs old created the website as a business project for college. The website came on in leaps and bounds through the college project and it was decided to bring the idea and project into the real world, Box.net was then officially incorporated that same year. The website business managed to gain capital from business “Angel” Mark Cuban, followed by some rather large sums of investment from third parties. The company aimed at helping businesses to share content and information internally and externally through their marketing and communication products and service.
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#29 Dylan Smith – Aged 22yrs
Worth an estimated $7 million
Dylan is the second in command at Box.net, and currently resides as the CFO there. Dylan has been the go-to-guy in a number of other various start-ups besides Box.net. Smith is the right-hand man of Aaron and focuses his efforts more towards the sales, management and budget side of the business. Together they have so far managed to raise nearly $15 million in funding for start-up corporations. I can see this pair are going to be hard to miss in the coming few years. Watch out.
#30 David Karp – Aged 24yrs
Worth an estimated $5.5 million
David started the company Tumblr.com in 2007, with the aim to help anyone, share anything online. Sounds a pretty good idea, but who is actually going to use it? Well, 4.2 million of us is the latest estimation, so I think it’s not a bad idea at all. So far he has been handed $5.5 million in venture capital funding (so this personal fortune may now be more or less) and he has helped hundreds and thousands of users to share their content around the globe.
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Micheal this list pretty much let’s people know that you can become successful, it just takes hard work and a dream…and it proves that good things comes to those who wait…I will be working my butt off to make this list one day..
People might not know me at this second but I will continue to put myself out there for the world to see.
Micheal you always do good work bro..
“TrafficColeman “Signing Off”
Hey Antonio,
Thanks for your comment and your input. I agree with you that it takes a lot of hard-work but if you want to be successful you have to roll with the punches.
Hope to see you here again soon.
Take care
Aarron
Great list Aaron! Hopefully it inspires another generation of entrepreneurs to bring some great new businesses to the forefront.
As TrafficColeman said before me, hard work and a dream are at the core of the success of most of these people . . . of course, some also had a bit of luck (and good timing) on their side as well.
Hey Joshua,
Thanks for the comment and for the kind words. I too hope that the next generation of entrepreneurs will become as successful; if not more so than the current entrepreneurs!
It takes a lot of hard-work and perseverance to get to their level but it goes to show that hard-work definitely pays off in dividends if you stick to your guns and keep yourself motivated. Always have a set of goals to achieve, it will keep you on your toes and make sure you are reaching for the stars.
I’m glad you enjoyed the post.
Take care
Aarron
Hi Aarron
You are absolutely right. It does takes a lot of perseverance and discipline to get to their level. This list is great to keep the motivation towards achieving our goals. Great list. Thank you!
Awesome list brother!!!!
Just goes to show what’s possible man.
This morning I watched “The Social Network” and it was totally awesome. Mark Zuckerberg is Steve Jobs of our time. And just now you come up with another awesome list of entrepreneurs. This is too cool.
Thanks!
Thanks for this list, Interesting and inspiring as usual. Great work, guys.
Awesome compilation list Aaron! I will be sure to print this out and tape it on the wall so I can look at it every day as motivation!
Hi Monique
Thanks for your very flattering compliment, I’m glad I’ve helped to keep you motivated.
Come back soon and take care.
Aarron
I absolutely LOVE this list. I think people will find it refreshing to see the array of people – from the well-known to people who stay under the radar. I will be sure to share this! 🙂
Awesome list Michael,
Thanks so much for introducing us to a lot of new entrepreneurs. Mark Zuckerberg is really making the waves all these days.
frankly i only know about 3 people in the list. it is great to know that more young prople are creating online empires that the world can use .They are changing the world and making huge fortunes from it.
am impspired.
I was surprised that the list contained individuals and companies I’d never heard of. Just goes to show: find a niche!
How about the next list for wealthiest pensioners who got online after they’d retired from the day job? 🙂
Clive
You made me laugh today
If Micheal doesn’t do it, looking forward to reading on your blog the Wealthiest Pensioners Online list!!!!!
Another great eyeopening post Micheal
Sue
Hey there Clive,
Thank you for your comment and of course for your idea/request regarding the more mature online entrepreneurs.
I will certainly consider looking into that for a future post, not sure how viable it is, but nonetheless I shall look into it. glad you enjoyed the post.
Take care
Aarron
hey, really impressive. I’m passed 30 but I still want to make this kind of money.
Hi Michael,
I love these list you do because they show us young entrepreneurs can hang with the big dawgs. It’s interesting to see the different ideas people come up with and how they take those ideas and turn them into profit. Great post as usually.
Sean
Great list Michael. A lot of guys would be wasting time doing nothing at these ages, but these guys have achieved money, fame and security for themselves and families at such young age.
Everybody would be very proud of them. Thank you for the post.
Prajwal Shinde
Wow! What a fantastic list. I’m going to make it on a list like this, but for entreprenuers over 40.
fantastic research as always. i hope you did not make any mistake like the net-worth in the previous lists. 🙂
Wow what a list, I’m surprised by some of the wealth that has been created, that’s incredible! Most notably is the Groupon founder, what a high growth story there, amazing!
Need more women on that list? Lets go ladies make some money!!!
Hi michael.
Another Great List for our inspiration 😀 The fortune of mark growth really fast
Thank You For the article
Anass
GREAT ARTICLE, BRODA. IT JUST AN INSPIRATIONAL ARTICLE TO ME. I REALLY APPRECIATE IT.
BABS OMOT DENN
Awesome list. As many noted above, I knew about quite a few, but was great to read about those I had never heard of.
Great list Aaron! Hope to be on the list someday! Thanks a lot for sharing. Have fun..
Thanks Samuel,
It’s always nice to see the comments, especially when they have helped make an impact on others (even if that is by just helping to motivate them).
Take care of yourself and be sure to come back soon.
Aarron
These successful young entrepreneurs are very hardworking and smart enough to run their business. I admire their passion and vision in their mind. If they can make it, we also can do it.
Thanks Michael for this inspiring list of young entrepreneurs.
Thanks for the list, Mike! It really inspires me when I see those youngsters got rich in no time online. Now is my time to shine, too! I just made my new blog and I am on the process of making contents to it.
To our success everyone!
What a great list of achievements! It is very inspirational and shows that you can do anything if you set your mind to it. Well done 🙂
Great list! Such inspiring stories!
Wow! Again you have the absolute best list posts on the planet well at least for business and internet stuff. This such interesting mix from all across the web I love that, nice!
Great write up, it is really inspiring to hear about all those successes. Gives me something to live up to!
It would be pretty cool to be on this list. But I guess it’s to late LOL
Well well, I hope I’ll make it a millionaire before 40 😉
Hi Michael,
This list is awesome, it’s amazing that the “internet” can be a place where ideas and innovation can be launched and when it adds value to people’s lives then it can make a man or woman very wealthy !! You continue to inspire me personally and thousands of other people as well with these lists.
I created an online magazine titled NextStopIncome.com – The magazine for Internet Entrepreneurs. The purpose of the magazine is that I interview people that are running successful online businesses. The magazine sells for $3.50 per issue.
Talk to you soon,
Russell Handy
CEO & Founder of NextStopIncome.com
Hmmm… only 2 women on this list. We’ll have to change that in the future! 😛 great list nonetheless. Thanks for sharing!
Dear Michael
Greetings
very good post brother, can I translate it into Arabic and publish it in my blog, I will mention the source
waiting your answer
Regards,
Michael, i am really impressed to see the list, thanks for the post, it gave me the enthusiasm to get started what i am doing…. 🙂
This is very inspiring to see these young professionals reach such heights in business…makes me want to try harder and work longer 🙂
Inspiring list. Keep it coming
I was wondering if I would be in that list in the next 2 years of my life. I know its impossible but I am not losing hope and will keep on moving up. I know today is not the day but maybe tomorrow will be. Thanks for inspiring me more to do more of everything.
Compelling list. Great Job.
It’s very inspiring seeing young professionals work their way to millions and billions. Thanks Josh!