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Thread: How a 16 Year Old Kid Made His First Million Dollars

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    How a 16 Year Old Kid Made His First Million Dollars



    His name: Christian Owens. His age: 16. He made his first million dollars in two years, "inspired by Apple's CEO Steve Jobs". This is how he did it.

    The British teen—who lives in Corby, Northamptonshire—got his first computer age seven. Three years later he got a Mac and taught himself web design. Four years later—at age 14, in 2008—he started his first company. It was a simple site that some of you may now: Mac Bundle Box. The site was pretty, rooted into Apple's own design guidelines and style.

    The page sold a package of very neat Mac OS X applications for a discounted price and for a limited time. He would negotiate with the developers to get a discount deal on their apps. The resulting bundle had a combined retail value of around $400, but he would sell it for a tenth of that price.

    Not only that: If enough people bought the package, a new application would get unlocked for all buyers, which guaranteed very good word-of-mouth promotion. And to top it all, Owens dedicated a percentage of all sales to charity.

    The idea did well. Very well, in fact: In its first two years, Mac Bundle Box made $1,000,000 (700,000 British Pounds).

    Not happy with that success, Owens jumped into a new venture called Branchr, a pay-per-click advertising company that distributes 300 million ads per month on over 17,500 websites, iPhone, and Android applications. The company, which claims to deliver "contextual, behavioral, publisher-defined, and geographically" targeted ads in those platforms, has already made $800,000 in its first year and employs eight adults including his 43-year-old mother, Alison.

    He doesn't know where he would be in 10 years, but the next thing he wants to do is to make one hundred million British pounds with Branchr. He seems to be on his way to success. He claims his business is growing strong—Branchr has already bought another company—and he reinvests all the money back into the company.

    His secret to success? There's no secret, he says:

    There is no magical formula to business, it takes hard work, determination and the drive to do something great.

    In an age of dumbified kids with attention deficit disorder, we salute you, Christian.
    That's right, 16. Just goes to show what a little bit of hard work can do, I guess.

    Link.

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    A good idea and the will to do the necessary hard work to make it a success.
    The sense of honor is of so fine and delicate a nature that
    it is only to be met with in minds which are naturally noble or
    cultivated by good examples and a refined education.
    - Sir Richard Steele

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    I dont believe this story, when I was 14 to 16 the last thing I was interested in was monopolising on a website company. I wouldnt be surprised if its the fathers plan to gain publicity. Im also keen to know how a 10 year old teaches himself web design - sounds like bs to me.
    Life is a well of delight; but where the rabble also drink, there all fountains are poisoned.

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