Internet millionaires all under the age of 30

by bt
57 replies
Hey guys, thought I'd share a little story I found a few days ago. It's a list of 30 Internet millionaires all under the age of 30. It just goes to show you that with a good idea and some hard work, you can make a lot of money on the Internet. You'll recognize some of the names on the list and you won't believe how much some of their websites are worth.

Anyway here's the story..

30 Internet Millionaires Under 30
#age #internet #millionaires
  • Profile picture of the author Rukshan
    Thanks for the link. We can motivate after reading those stories.

    Regards
    Rukshan
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  • Profile picture of the author Kory Pearman
    7 – Alexander Levin – WordPress – 23 – $57 Million
    8 – Alexander Levin – Image Shack – 23 – $56 Million

    Is this right? The same guy started both sites? If so, why don't they just add it together, that puts him at spot number 4. =/
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    • Profile picture of the author bt
      Originally Posted by korypearman View Post

      7 - Alexander Levin - WordPress - 23 - $57 Million
      8 - Alexander Levin - Image Shack - 23 - $56 Million

      Is this right? The same guy started both sites? If so, why don't they just add it together, that puts him at spot number 4. =/
      I didn't even notice that until you mentioned it. Maybe it's just a glitch.
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    • Profile picture of the author Bicycle Cat
      Originally Posted by korypearman View Post

      7 - Alexander Levin - WordPress - 23 - $57 Million
      8 - Alexander Levin - Image Shack - 23 - $56 Million

      Is this right? The same guy started both sites? If so, why don't they just add it together, that puts him at spot number 4. =/
      AFAIK, a man named Matt Mullenweg created WordPress, so it's most likely a mistake.
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  • Profile picture of the author Dean Martin
    It's a mistake in the article: WordPress Founder Turns 25

    Also note the article in the OP is from January 2008. I'd imagine the numbers and names are a bit different now.
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  • Profile picture of the author Radcliff
    However, It's something to think about....

    I think its because the youths have the energy and fresh thoughts to hang on with the job.

    Above all, the most important think must be the willingness to get risks
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    • Profile picture of the author King Shiloh
      Banned
      Originally Posted by Radcliff View Post

      However, It's something to think about....

      I think its because the youths have the energy and fresh thoughts to hang on with the job.

      Above all, the most important think must be the willingness to get risks
      I don't think there's anything to think about considering the fact that success is a journey and it's also relative.

      Financial success is quite different from other kinds of success. And it might interest you to know that some people have the money yet they are not happy.

      Some people are not even willing to be millionaires.

      Get rich or die trying huh?

      Anyway, the best is yet to come.
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  • Profile picture of the author WikiNoobie
    It's simple really. Youth tend to have more passion, don't easily give up. And more importantly... they live in this era. Their era.
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    • Profile picture of the author goindeep
      Originally Posted by WikiNoobie View Post

      It's simple really. Youth tend to have more passion, don't easily give up. And more importantly... they live in this era. Their era.
      And they live at home with their mom... And they dont have girlfriends... lol

      Nah just kidding...

      Im 25 and im hoping to be on that list by age 30 too

      But like King said, some people are millionaires and they arnt happy.

      Two of my favorite quotes are:

      1 - "If you arn't content with nothing, how can you be content with anything"

      and

      2 - "Happiness is a journey not a destination"

      Im not sure who they are by and im too lazy to google them.
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    • Profile picture of the author bgmacaw
      Originally Posted by WikiNoobie View Post

      It's simple really. Youth tend to have more passion, don't easily give up.
      Total and complete BS.
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    • Profile picture of the author Richard Van
      Originally Posted by WikiNoobie View Post

      It's simple really. Youth tend to have more passion, don't easily give up. And more importantly... they live in this era. Their era.
      No it's not simple at all.

      Youth have no more passion at all, explain to me why you're right? Thats a ridiculous statement. It's down to the individual. When I was 18 I loved having fun, not creating a business. When I grew up and found myself homeless, then I found the passion you think you have. It's nothing to do with physical age, it's to do with who you are, where you are and a million other things. I think thats the biggest load of nonsense I've seen. I agree that there are many highly successful younger people that make excellent money and are authority figures in this game but your blanket statement makes out they're the only people that can achieve this. Utter nonsense. Is 30 youth? When I was 18 it was old. I'd like to know what youth is to you.

      More importantly, I live in this era and while I'm alive, it's my era, no matter what my age. When you grow up, you might just realise what a silly statement you just made. Then again you'll need to grow up to see that first, otherwise you'd never have written what you did.
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      • Profile picture of the author gekko2.0
        Originally Posted by Richard Van View Post

        No it's not simple at all.

        Youth have no more passion at all, explain to me why you're right? Thats a ridiculous statement. It's down to the individual. When I was 18 I loved having fun, not creating a business. When I grew up and found myself homeless, then I found the passion you think you have. It's nothing to do with physical age, it's to do with who you are, where you are and a million other things. I think thats the biggest load of nonsense I've seen. I agree that there are many highly successful younger people that make excellent money and are authority figures in this game but your blanket statement makes out they're the only people that can achieve this. Utter nonsense. Is 30 youth? When I was 18 it was old. I'd like to know what youth is to you.

        More importantly, I live in this era and while I'm alive, it's my era, no matter what my age. When you grow up, you might just realise what a silly statement you just made. Then again you'll need to grow up to see that first, otherwise you'd never have written what you did.
        Awesome post!!
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  • Profile picture of the author Mike Hlatky
    This article is 2, almost 3 years old. These numbers are probably a lot higher. Especially the guy at #1.

    Anyway, I still have about 10 more years to make a list like this
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  • Profile picture of the author greekboy112
    Wow, this really makes me motivated to stick with IM and try to make it a full time career!
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  • Profile picture of the author pjCheviot
    Banned
    2008?? . . . Some have come a long way since then . . .

    Slightly more up to date . . . .

    Young Rich List
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    • Profile picture of the author bgmacaw
      Yep, can't do that Internet thing unless you're younger than 30. :rolleyes::rolleyes::rolleyes:
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    • Profile picture of the author Mike Hlatky
      Originally Posted by pjCheviot View Post

      2008?? . . . Some have come a long way since then . . .

      Slightly more up to date . . . .

      Young Rich List
      I have the strategy down pact.

      1. Come up with some revolutionary idea that no one has thought of and create a website/company.
      2. Get bought out by Google.
      3. Become a millionaire.

      Still working on step 1......
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      • Profile picture of the author Devid Farah
        All of the people in both of these lists had an awesome idea and ran with it. Just goes to show it all starts with an awesome idea!
        I’d be interested to see the opposite sort of list though... internet millionaires who began when they were over 30! That might show an interesting side of things…
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        • Profile picture of the author RunningBear
          Originally Posted by Devid Farah View Post

          I'd be interested to see the opposite sort of list though... internet millionaires who began when they were over 30! That might show an interesting side of things...
          I'd be interested in that too. The under 30 category is far gone for me--and although their achievements are inspiring, I would like to see a list of the Internet millionaires in my age range.
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      • Profile picture of the author bt
        Originally Posted by Mike Hlatky View Post

        I have the strategy down pact.

        1. Come up with some revolutionary idea that no one has thought of and create a website/company.
        2. Get bought out by Google.
        3. Become a millionaire.

        Still working on step 1......
        Isn't that what happened to youtube. I think the guy that created youtube ended up selling it to Google for an insane amount of money if I remember correctly.
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        • Profile picture of the author paulie888
          Originally Posted by bt View Post

          Isn't that what happened to youtube. I think the guy that created youtube ended up selling it to Google for an insane amount of money if I remember correctly.
          Yes, even Google had a similar beginning. It was basically just two graduate students who decided to collaborate on a free search engine project, which basically took on a life of its own once it started getting popular. A commonality I've noticed with the majority of these bigger success stories is that they all started with a product or service that had mass consumption appeal which average people on the street could appreciate (i.e. they were not very niched/focused).
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          • Profile picture of the author bgmacaw
            Originally Posted by paulie888 View Post

            A commonality I've noticed with the majority of these bigger success stories is that they all started with a product or service that had mass consumption appeal which average people on the street could appreciate (i.e. they were not very niched/focused).
            Another commonality I noticed is them getting major league venture capital funding for this product or service, mostly from guys over 30 with a lot of cash from previous successful investments and who have hefty industry connections.

            Think about it, what could you do with your big idea if you had the connections to get a few million from "old guys" like Eric Lefkofsky, Brad Keywell or Peter Barris?

            My point, your idea can be fantastic but without funding it won't go anywhere.
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            • Profile picture of the author paulie888
              Originally Posted by bgmacaw View Post

              Another commonality I noticed is them getting major league venture capital funding for this product or service, mostly from guys over 30 with a lot of cash from previous successful investments and who have hefty industry connections.

              Think about it, what could you do with your big idea if you had the connections to get a few million from "old guys" like Eric Lefkofsky, Brad Keywell or Peter Barris?

              My point, your idea can be fantastic but without funding it won't go anywhere.
              No doubt about that. These start ups all went through a very difficult phase when they were practically starving for cash, until venture capitalists and investors bought into their big product/service idea. These start ups were all highly leveraged before they took off, and without big money backing them up they'd never have been able to make such a big impact so quickly.

              OPM (other people's money) is an essential element in all these businesses that take off very quickly. It could probably be done without so much leverage, but then again it might have taken a lot longer for them to reach critical mass.
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        • Profile picture of the author Kory Pearman
          Originally Posted by bt View Post

          Isn't that what happened to youtube. I think the guy that created youtube ended up selling it to Google for an insane amount of money if I remember correctly.
          Yea... I read the story.. something about a guy just wanted to show some videos to his buddy... but had no way to send them to him.. or something along those lines... then bam, it becomes Youtube..

          Same type of story with Paypal.
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          • Profile picture of the author paulie888
            Originally Posted by korypearman View Post

            Yea... I read the story.. something about a guy just wanted to show some videos to his buddy... but had no way to send them to him.. or something along those lines... then bam, it becomes Youtube..

            Same type of story with Paypal.
            As I've mentioned above, the common denominator of these huge successes is that they all have mass market appeal, and by providing their services over the internet they were able to spread like wildfire all over the world much faster than they ever could offline.
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            • Profile picture of the author ECMartin
              Originally Posted by paulie888 View Post

              As I've mentioned above, the common denominator of these huge successes is that they all have mass market appeal, and by providing their services over the internet they were able to spread like wildfire all over the world much faster than they ever could offline.
              Good point
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      • Profile picture of the author ECMartin
        Originally Posted by Mike Hlatky View Post

        I have the strategy down pact.

        1. Come up with some revolutionary idea that no one has thought of and create a website/company.
        2. Get bought out by Google.
        3. Become a millionaire.

        Still working on step 1......
        That reminded me of Groupon.com
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        • Profile picture of the author pickthat apple
          Just wondering...when was google blogger created?
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  • Profile picture of the author Serendipitous
    Thanks for the link. Inspiring! Too late to make the list, but I'm going to give it a go anyway.

    The list doesn't take into account people who have made millions off the internet with multiple sites, they only count one site. So there's more of a chance than you think.
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  • Profile picture of the author ryanbiddulph
    Some great inspiration here, thanks for sharing.

    Age has little to do with qualities like having a clear cut vision and a burning desire to make the vision a reality. Factor in a strong dose of persistence and you have the makings of a multi-millionaire.

    RB
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  • Profile picture of the author Bojan_Djordjevic
    Watching other millionaires and their success is complete waste of time, put your brain to work and deliver the results you want to see. Practice and experiment and eventually you will get there as well.

    There is nothing better than personal motivation, stop trying to find things outside of yourselves, success is within you.
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  • Profile picture of the author warriorkay
    Inspiring, no doubt. Enjoying the achievements of other people
    sometimes helps to "attract" the achievements to us too,

    Kingsley
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  • Profile picture of the author IM nice guy
    I think the main thing to notice with a list like this, is that it's the people that come up with something that provides a LOT of value to people, and then get it out over the internet as much as possible, tend to make the most money.

    Not that 700 million per year is that much, I mean my grandma makes that selling cakes at the sunday markets
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    • Profile picture of the author ECMartin
      Originally Posted by IM nice guy View Post

      I think the main thing to notice with a list like this, is that it's the people that come up with something that provides a LOT of value to people, and then get it out over the internet as much as possible, tend to make the most money.
      Good reminder. In the other words, money is a representation of a contribution you have made to the society
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  • Profile picture of the author gekko2.0
    This list makes me feel ancient and I haven't even hit 40 yet
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  • Profile picture of the author rhinopower
    Wow. I wanna be up there.

    Rhino.
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  • Profile picture of the author mrdeflation
    how exactly is "plenty of fish" a revolutionary idea?

    same old match,eharmony,etc.. dating sites
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    • Profile picture of the author paulie888
      Originally Posted by mrdeflation View Post

      how exactly is "plenty of fish" a revolutionary idea?

      same old match,eharmony,etc.. dating sites
      I believe it was the first major free dating site, and as a result it has grown enormously - I believe it's far bigger than any of the paid ones. This in turn has reinforced its popularity as there's a bigger dating pool for members to choose from than any of the others.
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  • Profile picture of the author rapph
    I think plentyofish was the first free match site
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  • Profile picture of the author simplebutcreative
    I'd love to be under that list someday...I got some years to go before 30 so gotta keep working at it...
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  • Profile picture of the author Matt Ward
    I used to play Runescape (#2 on that list) back in the early 2000's when it first launched and was a free game. Andrew Gower (the guy who made it) promised he would never charge to play it.

    I'm guessing he's not regretting his decision to go back on that promise.
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    "Keep moving forward."
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  • Profile picture of the author gskesavan
    Wow that's a nice list. The runescape guy surprised me I play that game a lot. He's so young LOL that's something amazing.
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  • There's something "sexy" to the whole twenty-something e-millionaire thingy. Those people used to be regarded as geeks but now a days they're the 21st Century rock stars!
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  • Profile picture of the author shuvo
    I already read about them about 2 years ago.Just got some inspiration after reading some of their story and hard work.
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  • Profile picture of the author Kevin Tan
    Thanks for sharing this story. I believe it will serve as motivation for us.
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  • Profile picture of the author Ties-Cufflinks
    Well that’s me out, not a millionaire and over 30 !
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  • Profile picture of the author myrnasy
    Wow. Hope I could be one of them. LOL.

    All it takes is hard work and persistence.

    Great article! Inspiring. Encouraging. Motivating.
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  • Profile picture of the author thesmith09
    Interesting post. Makes me happy and sad at the same time.
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  • Profile picture of the author hometutor
    The great thing is these folks are even necessarily programming geniuses. They just had an idea they wouldn't let go of no matter what anyone said

    Rick
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  • Profile picture of the author FatterMike
    Truly inspiring, I started "going online" at the age of 29 after got fired from an insurance company, 4 years since then I'm not yet a millionaire but at least today I have an income that's twice as much as my ex-manager (the one who fired me) and that makes me feel like a millionaire
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  • Profile picture of the author tonnele
    This list proves if you can create something that the masses can use you will become rich.
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