Each year, some Americans make their first million dollars before turning 25, including a few who are still in high school.
Among the traits they have in common are vision, smarts and determination.
A little luck never hurts.
“Young people are just smarter,” Mark Zuckerberg, now 26, told a Stanford University audience in 2007. Three years earlier, Zuckerberg had helped launch the enterprise that came to be called Facebook and vaulted him into the ranks of the nation’s billionaires.
Nick Wheeler saw sales rise by a quarter to £98m at Charles Tyrwhitt
Menswear entrepreneur Nick Wheeler has sewn up a bonus of more than £5million after his retail chain, Charles Tyrwhitt, made record profits.
Sales rose 25 per cent to £98million and profits five per cent to £7.6million in the year to last July, according to accounts just filed at Companies House. Most of the profits will go to Wheeler.
Glenn Tan turned his back on a career as a charted accountant to indulge his passion for t-shirts. Designing them was easy but the entrepreneur had to start his own business to sell them.
“I grew frustrated by how difficult it was to get my designs out to the public,” he admits.
“I didn’t have the money to spend on extensive marketing and retailers were hesitant to stock new brands. After contacting other labels, I found that many of them felt the same way.”
And so Tee Me Up was born.
IT started off as an idea inspired by a TV documentary on child poverty.
Today Kate France’s Uniform Exchange, which provides free school uniforms for poorer families, is going from strength to strength.
In the last 12 months alone she has help kit out 200 children across Huddersfield.
Local businesses, schools and families have been a big help, donating thousands of items of school clothing to the project.
Localphone.com, the Sheffield based internet telephony firm launched by serial entrepreneur Paul Cusack, has been named winner of the Best Consumer VoIP provider at the Internet Telephony Services Providers’ Association Awards.
Paradise Street-based Localphone beat telecoms giant BT to the title.
Paul Cusak said: “I am extremely proud of this achievement and recognition.
“It wouldn’t have been possible without the help from all the Localphone employees who have worked so hard to make our service world class, so I’d like to offer my personal appreciation to them.