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Young Rich List – 30 Under 30 Internet Millionaires
Top 30 Richest Young Entrepreneurs
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? What ever your flavor of entrepreneurial streak may be, there are some sure-fire ways to make it in the online world.
Whats more, you can often start making money without even putting any in, although this will probably cause a slower return rate and lesser volumes but 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 through.
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 Aged 26yrs
Worth an estimated $6.9 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!
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#2 Dustin Moskovitz Aged 26yrs
Worth an estimated $1.4 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 it’s 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 sites huge success. Founded in 2008 Groupon has been steadily increasing it’s traffic and it’s 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 everyday 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.
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#4 Matthew Mullenweg – Aged 26yrs
*Worth an estimated $250 million
Its 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 created 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.
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#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.
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#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 lets 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.
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#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.
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#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 boy’s, 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 which 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.
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#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,
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#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 the 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.
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#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 know 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 to 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 has 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.
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#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 statitics 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.
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#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.
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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.
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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
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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.
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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.
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#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.
Source http://www.incomediary.com/top-young-entrepreneurs
7 Success Principles From Internet Millionaires
7 Success Principles From Internet Millionaires
Image of Scott Fox via Amazon.com
Many aspiring entrepreneurs are looking to the Internet as an opportunity to get rich quick, instead of a place where you can start a business you love, for very little capital and minimal technical expertise. The reality is that if you build a business you love, you may in fact make big money, but if you start a business to get rich, you will probably fail.
In my experience, there are good reasons for starting a business, and good ways to go about it in the new online world, but even entrepreneurs with good intentions often don’t have a clue on key principles to follow for this rapidly changing platform.
The best place to learn is by scouting around the Internet today. See what other people are offering, and think about a niche where you could be unique, and have some fun at the same time. There are also many other good sources of guidance, including the new book “Click Millionaires” by Scott Fox.
He addresses the dream of many to be a dot.com (click) millionaire, but emphasizes the need to start with an assessment of your own goals and interests. Starting an Internet business is a new lifestyle, so you need to understand the implications. On the business side, I am adapting here his seven success principles, too often overlooked by people who leap before they look:
- Find a niche to help real people. Look for real problems to solve, like losing weight, staying healthy, or gaps in a popular product line. “Nice to have” sites likeFacebook and Twitter look attractive, but they are much higher risk, and a thousand fail for every one that succeeds.
- Position yourself as an expert. People tend to buy from people they perceive as “experts.” Expert status is no longer a formal degree or certification. Today it more often means a “trusted friend” who seems real, visible, and doesn’t “push” products. Don’t hide behind a website with no address, picture, or direct contact information.
- Automate to the max. Take advantage of software tools to automate routine business functions, like taking and delivering orders. Provide website forums to help customers solve their own problems. Use free e-commerce software and services like PayPal before building an expensive customized solution. Generate revenue around the clock.
- Use the Internet to outsource staff. Hiring virtual assistants for each specific project can be a lot more efficient and cheaper than hiring and managing employees. Start with sites like Elance.com and Guru.com for specialized tasks you can’t do yourself. Pay others to handle small stuff, and keep your time available for bigger priorities.
- Let your audience help with content creation. Audience contributions, like product reviews, discussion board conversations, and comments on your blog are invaluable because they create more credible content and attract more money from advertisers. Even more valuable are success case studies and testimonials.
- Define a business that is scalable. First, pick an opportunity that has a worldwide appeal, like eco-friendly products. Then implement automation on production and tracking so you don’t need hours of manual work on each order. Finally, use customer feedback or promotions to attract more and more customers with less and less effort.
- Focus on recurring revenues. A great way to make more money more easily online is to replace one-time sales with automatically renewing subscriptions. With a stable base of subscribers, this can mean a continuing revenue stream from newsletters, support, or advice on demand.
Even with all this, don’t expect it to be easy. Unreasonable expectations lead to frustration and giving up too soon. Remember, being an entrepreneur is a lifestyle, one that requires constant learning and problem solving, and that’s half the fun. The other half is doing what you love to do, possibly even making lots of money.
There are more and more Internet millionaires (and billionaires) out there every day. Most are not as visible and well-known as Mark Zuckerberg, but their money spends the same way. Can you be the next one?
Source http://www.forbes.com/sites/martinzwilling/2012/06/07/7-success-principles-from-internet-millionaires/
Facebook Tricks, Tips, and Cheats
In October, Facebook reported it had one billion users. By now, Facebook is among the most recognized brands across the world. Everyone and their cats (literally) have Facebook accounts. In the United States, you’re just as likely to come across a citizen that doesn’t participate in presidential elections as you are a non-Facebook user!
Now that our friends, siblings, parents, aunts, uncles, and even grandparents are using Facebook, we have to keep our accounts tailored and neatly groomed or things could get messy. For example, are you getting five Facebook game invites a day from your Great Aunt Rose and can’t figure out how to block them? Don’t worry, you’re not alone. That’s why we’ve created a list of Facebook tricks to help you master your profile.
Here are 6 Facebook Tricks, Tips, and Cheats
Block Game Invites
1. On your Facebook home page, you’ll notice this block of notifications in the upper-right corner. Click the “app requests” notification.
2. Scroll to a game invite you want to block, and click the “x” button.
3. Block all invites from a certain game, or ignore every invite from that friend by clicking the respective option.
Hide A Friend’s Updates From Your News Feed
Tired of seeing a fan page or friend clutter your news feed? Ignore their posts without actually “unfriending” them.
1. Hover over the top right area of the post you want to hide until this down arrow appears.
2. Click “Hide…”
3a. For a fan page, click “Hide all stories from (Fanpage)”. You can also choose to unlike the page from here if you wanted.
3b. For a profile page, hover over “Change what updates you get from (Friend)”.
Uncheck any notifications you don’t want to see, or press “unsubscribe” to ignore that friend completely without “unfriending” them.
Tag someone on Facebook using only their first name.
Many people don’t know that you can friends in statuses using only their first name. This also works for comments and pictures as well!
1. Tag your friends as you normally would by inserting the @ symbol followed by their name and clicking on their profile on the dropdown menu as shown.
2. Insert your cursor directly after their last name and begin deleting their last name.
3. Your friends first name will remain highlighted in gray as shown, meaning it will properly tag them in your status.
Titling your Facebook Post
You can change the title tag and descriptions of any post you share on Facebook to suit your needs (Especially useful for SEO purposes). This will ensure you’re getting the right message off to your friends.
1. After you pop the link into your status box, you can hover over the title of the post. (Highlighted in yellow)
2. Click on the title and it turns into an editable box.
3. Enter your desired text and press enter.
4. Customize the description using the same steps.
Proper Facebook Sharing Optimization
Facebook only indexes the first 18 characters of your post when you share it. Make sure those first few words are optimized for full SEO value.
For example, Facebook would associate this share with “Brand new blog pos”, which isn’t fully optimized.
Facebook would associate the same share with the optimized phrase “Social Media Icons” which is much more valuable.
Hiding Your ‘Online’ Status For Chatting
Not the chatty type? You can appear offline to your friends by using the following steps.
Note: Even if your chat is turned off, your friends can still personal message you.
1. Hover over the settings icon at the bottom right of your Facebook home screen. Click “Turn off Chat” to always appear offline.
2. You can appear offline for only certain friends by clicking the “Advanced Settings” button and adding exceptions to your lists. Click save after adding names to either list.
Source : http://www.optimaworldwide.com/social-media-marketing/facebook-tricks-tips-and-cheats/
7 REASONS WHY YOU SHOULD HAVE BUSINESS WEBSITE.
Having a website of your own provides your business with invaluable advantages over the traditional advertising channels. There are at least 7 reasons why you should present your business online:
Increased customers’ convenience:
Searching for businesses and products over the Internet is much easier and quicker than leafing through the Yellow Pages. Anytime a potential or existing customer wants to find out more about your business, they can easily do that, especially if you have an “F&Q” section added. Your customers can be always in touch with you, all they need to know is the address of your website.
Greater accessibility to your business profile:
Your business profile will be accessible from EVERYWHERE. No other ad channel provides such global coverage. You will not depend any more on restricted presentations based on phone book entries. What is more important, more and more customers nowadays resort to the Internet when searching for products, services and businesses.
Greater opportunities for promoting your business portfolio:
People can`t buy your products or services if they don`t know that they actually exist. Through a WEBSITE you can tell your potential audience much more than you could possibly do via any print advertisements, Yellow Pages listings, or TV/radio commercials. There are no limitations with regard to space and time, nationality and residency. You can say as many things as you want, to as many people as wish. And your business representation can be as resourceful as is the Internet.
Low-cost efficient advertising:
Practically, what happens is – your website runs a NON-STOP PROMOTION of your business! Your customers are always able to obtain up-to-date and thorough information about your services or products. Instead of having to rely on randomly aired TV or radio commercials, they can simply browse through your website whenever they have time or need to.
Around-the-clock availability:
A website is available 24 hours a day, 7 days a week, 365 days a year. It will be your hardest-working employee, never getting sick, or taking holiday. And you can always rest assured that your website is there for you – to answer to your customers` questions, or to collect their feedback instead of you.
It saves time:
With a website, prospective customers can learn about you and your business at any time of the day or night without you having to be all the time pre-occupied with the process. The time you would otherwise spend on answering or re-directing of your customers` questions can be now saved and invested in further activities to increase your profits, in other words – in further expansion of your business.
It saves money:
You can save a lot of money spent otherwise on print and postage costs for brochures, coupons, flyers, specials, newsletters, and other mailings. Furthermore, while regular renewals of printed materials can be quite expensive and also time consuming, updating information on your website is always handy, fast and most important – amazingly efficient. As we all know, nothing is more valued in a business than optimal productivity for minimal input costs.
Mohammed Sharif 