According to a report by Spectrum, the average age of a millionaire in the USA is 62 years.
While many people achieve this milestone far sooner than other people take it to reach.
Here we have prepared a list of the top 10 youngest millionaires in the world.
Let’s get dive into it!
Table of Content
Ryan Kaji
What he does – Youtuber
When he becomes a millionaire- 9
Current Age – 10
Current Networth – $32 Million
Nationality – American
Ryan Kaji is a Youtube superstar who makes money through advertisements on his videos.
He is just 10 years old but has a net worth of $32 million.
Kaji’s parents are both YouTubers and he started making videos when he was just 2 years old.
His channel “Ryan’s World” has over 31 million subscribers and earns him an estimated $11 million per year.
Jaden Smith
What he does – Actor
When he becomes a millionaire- 10
Current Age – 23
Current Networth – $8 Million
Nationality – American
Jaden Smith son of Will Smith and Jada Smith worked in a famous movie “Karate Kid” for which he charged $1 Million.
He took this fee in two installments of $900K and 100K which became him a millionaire at the age of 10.
Karate Kid comes as a blockbuster with $150 Million in collection and Jaden further receives $2 million based on the success of the film.
As of now, he is also into songwriting, Acting, and other stuff.
Abigail Breslin
What she does – Actress
When she becomes a millionaire- 10
Current Age – 25
Current Networth – $8 Million
Nationality – American
Abigail Breslin is famous for her role in the movie “Little Miss Sunshine”.
She earns $100,000 per episode of TV series.
Also has worked in other movies like Nim’s Island, Signs, etc.
Her movies collection comes around $10 million and Abigail Breslin receives $1 million from it which makes her a millionaire at age 10 in the year 2006.
She further gains net worth through playing different roles in many other films apart from Little Miss Sunshine which includes My Sister’s Keeper (2009), Kit Kittredge: An American Girl (2008), Rango (2011), and so on.
Macaulay Culkin
What he does – Actor
When he becomes a millionaire- 10
Current Age – 40
Current Networth – $18 Million
Nationality – American
Macaulay Culkin started his career with the movie “Home Alone” as Kevin McCallister.
This movie became the highest-grossing live-action comedy of all time, earning over $475 million worldwide.
For this role, Culkin was paid $5 million-plus 5% of the profits, making him a millionaire at age 10.
Macaulay Culkin’s other notable roles include Uncle Buck (1989), My Girl (1991), The Good Son (1993), The Pagemaster (1994), Richie Rich (1994), Getting Even with Dad (1994).
Tilak Mehta
What he does – Entrepreneur ( Co-Founder of Paper n Parcel)
When he becomes a millionaire- 13
Current Age – 15
Current Networth – $13.3 Million
Nationality – Indian
Tilak Mehta was only 13 years old when he started Paper n Parcel, an online delivery portal based in Mumbai.
He got this idea of starting this company when he left his book in Uncle’s house.
When he asked his father to tell Uncle to deliver with same-day delivery service of any courier company.
His father said it would cost INR 250-300 ($4) for same-day delivery which is equivalent to the price of the book.
At that time he got the idea to start a parcel company to make the delivery system affordable and quick.
Valentina Pinault
What she does – CEO of the luxury fashion group Kering
When she becomes a millionaire- 13
Current Age – 14
Current Networth – $7.1 Billion
Nationality – American
Valentina Pinault is the CEO of the luxury fashion group Kering.
She is just 14 years old but has a net worth of $7.1 billion.
Valentina’s father is Francois-Henri Pinault, the founder, and CEO of Kering.
Kering owns brands such as Gucci, Saint Laurent, and Yves Saint Laurent.
Evan Moana
What he does – Youtuber
When he becomes a millionaire- 13
Current Age – 16
Current Networth – $13.5 Million
Nationality – American
Evan Moana is a YouTuber who makes money through product reviews and advertising.
He has over 7 million subscribers and earns an estimated $1.5 million per year.
Evan is just 13 years old when he became a millionaire.
Advait Thakur
What he does – Founder of Apex Infosys, Apex Digital Solution, Crophle
When he becomes a millionaire- 15
Current Age – 18
Current Networth – $3.7 Million
Nationality – Indian
Advait Thakur is the founder of Apex Infosys, Apex Digital Solution, Crophle. At the age of just 14, he founded his first company, Apex Infosys.
Apex Infosys is a software development company that provides services to clients in the US and Europe.
The company is competing with industry giants head to head.
Charli D’Amelio
What he does – TikToker (Social Media Influencer)
When he becomes a millionaire – 16
Current Age – 17
Current Networth – $12 Million
Nationality – American
Charli D’Amelio is a social media star who became famous for her TikTok videos.
She has over 11 million followers on the app and earns an estimated $125,000 per year from sponsorships and advertising deals.
D’Amelio is just 17 years old but has a net worth of $12 million.
Isha Ambani
What she does – Director of Reliance Jio
When she becomes a millionaire- 16
Current Age – 27
Current Networth – $100 Million
Nationality – Indian
Isha Ambani is the director of Reliance Jio, a 4G telecom operator in India.
Her father, Mukesh Ambani, is the Chairman and Managing Director of Reliance Industries Limited (RIL), a Fortune 500 company.
Isha is one of the richest women in the world with a net worth of $400 Million.
Conclusion
Most people just spend their time just making excuses young generation making millions in their childhood.
You can also become a millionaire in 5 years if you work hard and stay consistently driven with a learning attitude.
Make sure to drop your opinion if you were in the place of these people would you be willing to sacrifice what they have to do to become a millionaire at such a young age.
FAQ
Who is the richest person under 18?
Valentina Pinault is the richest person under 18. She is just 14 years old but has a net worth of $7.1 billion.
Valentina's father is Francois-Henri Pinault, the founder, and CEO of Kering. Kering owns brands such as Gucci, Saint Laurent, and Yves Saint Laurent.
Can a teenager become a millionaire?
Yes, a teenager can become a millionaire. There are thousands of examples out there. Ryan Kazi has a whopping net worth of $32 Million just at the age of 10 years.
To become a millionaire in your teenage can be pretty difficult compared to other age groups.
If you want to become a millionaire just for the $1 Million you should probably not gonna do that because it might be too harsh for a teenager.
Are there any 16-year-old millionaires?
Yes, there are a few millionaires who achieve this milestone on or before the age of 16 which are -
- Ryan Kaji
- Tilak Mehta
- Charlie D’Amalio
- Nita Ambani
This list includes many other millionaires who achieved before the age of 16.
What percent of people are millionaires by age?
The average age of a millionaire is 62 years and here is the % share of age groups in millionaires.
Age Groups | Percentage of Millionaires | Average Income of Millionaires | Average Net worth of Millionaires |
35 and under | 1% | $276.9 K | $2.16 Million |
36 to 44 | 4% | $227.9 K | $2.15 Million |
45 to 54 | 11% | $216.8 K | $2.26 Million |
55 to 64 | 42% | $158.8 K | $2.48 Million |
65 and above | 43% | $125.3 K | $2.44 Million |
Total | 100% | $154.2 K | $2.43 Million |
How old is the youngest self-made millionaire?
9 Years, Yes you read it right. Ryan Kazi is the youngest self-made millionaire and achieved this milestone in the year 2020 when he is just 9 years old and mentioned in the Forbes Magazine.
Currently, he is 10 years old.
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