In This Article:
There are plenty of super rich kids out there, but many have inherited their uber wealth (and often their valuable fame) from their parents. Consider Princess Charlotte, who is believed to be the richest child in the world, with a reported net worth of $5 billion.
I’m a Financial Advisor Who Works With Wealthy Families: These Are the Best Ways To Transfer Wealth
Learn: 3 Things You Must Do When Your Savings Reach $50,000
Then you’ve got the droves of children influencers making potentially millions a year. Though influencing can be a real and clearly quite lucrative job, it often involves as much luck as it does social media savviness. Plus, famous, privileged parents often help out tremendously here, too.
Perhaps more interesting to business-minded people are the kids who made their fortunes through entrepreneurial efforts. Let’s consider seven of the youngest and richest self-made kids.
Isabella Barrett
At just 6 years old, reality TV star Isabella Barrett launched Glitzy Girl, a jewelry line that made her a million bucks before she turned 7. Now a teenager (but still a minor), Barrett is a multimillionaire.
“Isabella’s entrepreneurial journey in the fashion industry demonstrates the value of identifying a niche market,” said Paw Vej, chief operating officer at Financer.com. “Young entrepreneurs can learn from her ability to spot an opportunity and tailor her products to meet the specific desires of her target audience.”
I’m a Financial Planning Expert: Here Are 5 Things You Should Never Spend Money on If You Want To Be Rich
Moziah Bridges
Another child entrepreneur who stands out is Moziah Bridges of Memphis, Tennessee, who at the tender age of 9 created his own line of bow ties called Mo’s Bows.
According to Geeks Around Globe, Bridges has a net worth of $5 million. Like Barrett, Bridges found a niche in the fashion world where he could flex his talents — and he ran with it.
Akshay Ruparelia
Akshay Ruparelia earned an incredible fortune by founding UK real estate company Doorsteps at age 17.
“He founded the real estate company in (2016), which acted as a launch pad for his real estate career,” said Elice Max, co-owner and marketing director at EMUCoupon. “Doorsteps has sold more than a billion houses, earning him millions of pounds to fund his investments as a young real estate millionaire.”
Alina Morse
At age 10, Alina Morse (now 18) founded Zolli Candy with an idea that made her one of the youngest and richest entrepreneurs in the world.
“She started making sugar-free candy in 2014 and quickly rose to fame, with Zolli Candy making $6 million in annual sales,” Max said. “Her net worth currently sits at $5 million and continues to grow exponentially.”