A high school student in the UK, Christian Owens, became the youngest billionaire of the business he had built only two years ago. He used his pocket money to fund his first venture, website Mac Box Bundle, in 2008. Nowadays, profit-fed from the site reaches up to 700 thousand pounds. He launched the company's pay-per-click advertising (pay-per-click), Branchr, at the age of 14 years. The effort was practiced after school and on weekends. No warning, Branchr advanced rapidly in the first year and has produced 500 thousand pound sterling. Social networking sites such as MySpace is a loyal client. Owen who lives in Corby, Northants, England currently employs eight adult workers in Britain and America as a marketing staff and technical assistants. The plan, he will open two offices Branchr the following year.
The youngster, who still lives with his parents - his mother, Alison, Julian worked as a secretary and his father a factory worker - was inspired to go into business in cyberspace after watching Apple CEO Steve Jobs braved the storm to success. Now he is determined to gain £ 100 million this year from his business.
"I wanted to create something innovative and simple, which will revolutionize the way ads work," he said. "Mac Bundle Box has become a success but I really wanted to push myself and do something different, so I came up with the idea Branchr."
Although already a billionaire, he wants to live a normal life like any other teenager. "I think everyone has business sense in them, they just need to gain experience and determined to make it."
According to him, there is no magic formula to business, it takes hard work, determination, and passion to do something great. "My goal is to become the world's leading internet and mobile advertising and push myself in that direction seriously," he added.
Owen, who has been using computers since the age of seven years, started his own learning basic web design at the age of 10 years after the Mac was rewarded by his parents. His company now sells more than 250 million ads to thousands of sites every 11 months and has acquired a second company, Atomplan, which provides business software.
Thursday, July 24, 2014
16 Year Old Boy Youngest Billionaire in the World
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