Doing business from school days: 4 stories of teenagers who earn more than their parents
Adults often attribute their financial failures to a crisis, unemployment, or unfair bosses. Against their background, business success of children seems like a fairy tale ... or mockery.
Today we share the stories of 4 teenagers who managed to create their own source of income before leaving school and earn amounts of money comparable to the income of some parents.
1. Danila Leonov is a 15-year-old investor from Voskresensk near Moscow. His portfolio includes the securities of major Russian corporations: Gazprom, Sberbank of Russia, LUKOIL, Rostelecom, Moscow Exchange, VTB and others. The boy's father sells shares and has been taking Danila to shareholder meetings from the age of 6. When the child began to ask questions, the parent taught him the stock exchange wisdom, and Danila bought his own shares for the first time at the age of 8. The yield of the young man's shares is about 30%, Danila does not disclose the value of his portfolio.
2. The American entrepreneur Alina Morse founded a company producing sugar-free lollipops called Zollipops at the age of 10, with the support of her father. The harmless sweets have won the hearts of consumers: today they are sold in more than 7,500 stores in the United States, and the annual sales exceed $6 million. Both of Alina's parents are actively involved in their daughter's business.
3. Mohammed Islam, a 17-year-old expat from Bengal, earned $72 million playing on the New York Stock Exchange. Since childhood, he has been spending his free time not playing games, but studying financial transactions. The future millionaire began to conduct transactions on the stock exchange at the age of 9. When he made his fortune, he bought an apartment in Manhattan and a good car. In the future, the young man plans to organize his own hedge fund and has no doubts about the future success: his friends call him "the Wolf Cub of Wall Street" for a good reason.
4. The Russian entrepreneur Anastasia Russu opened a company Baker Sweet producing tailor-made cakes at the age of 16. In the very first month, her business generated a 20-thousand-ruble profit. To develop her brainchild, the girl even dropped out of school and attracted 700 thousand rubles in private investments. Later, the fast-paced growth of her business inspired Anastasia to move to Moscow where Baker Sweet's net sales exceeded 1 million rubles.
Sometimes, in order to become successful, it is enough to do what you are best at. Do you follow this principle?