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- You don’t need to be an adult to turn a profit — some teenagers are already building and running their own businesses and making money.
- Rachel Zietz founded an online sportswear company when she was 13; its revenues were projected to top $1 million by the end of its second year.
- Meanwhile, Makenna Kelly, who is just 13, reportedly brings in $1,000 a day through advertisements alone on her popular YouTube channel that has more than 1 million subscribers.
It doesn’t take everyone a lifetime to build wealth — some are well on their way to hefty bank accounts before they even turn 20.
Just consider the teenagers below. Whether aged 13 or 19, or somewhere in between, they’re all busy running their own companies, creating their own apps, or starring in their own YouTube channels. Some even began their business before their teen years — two on this list got to work at age nine.
That’s quite a lot of responsibility for an age group that typically has to balance other priorities like school and homework, but it often reaps monetary benefits.
From creating million-dollar online retailers to launching product lines with Target and Whole Foods, see how these entrepreneurial teens are making money.
Mikaila Ulmer has a lemonade line in Whole Foods.
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Mikaila Ulmer’s lemonade business dates back to age four. What was once simple lemonade at her lemonade stand in Texas has evolved into lemonade with honey and flaxseed — and an entire company called Me & the Bees Lemonade.
Me & the Bees Lemonade was eventually picked up by Whole Foods in an $11 million deal. Ulmer is the co-CEO of her company along with her parents, and they travel around the country speaking at entrepreneurship and leadership conferences.
Zandra Cunningham is building a natural beauty empire with products that will soon be on the shelves of Target.
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Zandra Cunningham began her all-natural skincare line, Zandra’s Beauty, by making her own lip balm in her family’s kitchen when she was nine years old. She began selling lip balms and whipped shea butter at local farmers markets.
Today, Zandra’s Beauty is worth nearly $500,000 and has more than 40 products. Cunningham recently landed a line of three of her products — hand and body lotion, exfoliating sugar scrub, and lip and body balm — at Target.
Noa Mintz launched a matchmaking childcare service in New York City.
Noa Mintz launched Nannies by Noa, which pairs families with caretakers, when she was only 12 years old.
The matchmaking childcare service takes a percentage of the overall rate for nannies, which, in New York City where Nannies by Noa is based, is about $50,000, Mintz told CNN. It also charges a $5 flat fee for each babysitting job. In 2015, Nannies by Noa had reported revenues of $375,000, according to TIME.
The business has been so successful that Mintz was named one of Fortune’s "18 Under 18 Innovators Who Are Changing the World," and made Crain’s New York Business "20 Under 20" list.
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