Young and Rich

Two kids started businesses, one boy, one girl.

The girl, Sophia Amoruso, started in 2006, selling vintage women’s clothing on eBay. She was a 22-year-old community college dropout at the time, working for $13/hour at a dead end job. This eBay deal was a side project.

Fast forward to 2012, and her business sold nearly $100 million worth of clothing and accessories. Seven years–that’s all it took for this community college dropout to go from $13/hour to $100 million a year. Not bad.

The boy, Nick D’Aloisio, started coding/programming at age 12. He’s now 17, and he just sold his news-reading app to Yahoo for an estimated $30 million. He’s not even out of high school yet.

The app he created is based on algorithms which take long-form news stories and condense them to the essentials in a short form for smartphone users. Again, not bad. His plan for the future: to attend Oxford and study philosophy. (Ironic considering it is one of the most verbose subjects in the academy.)

Published by omerdylanredden

I write.

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