Young App Developers Who Became Millionaires

Nick D’Aloisio

Brian Wong

Born in 1991, Brian Wong is a Canadian internet entrepreneur. In 2010, Brian along with his colleagues Courtney Guertin and Amadeus Demarzi, founded Kiip, a mobile app rewards platform that lets companies and brands give real-world rewards for in-game achievements.

Kiip is active on more than 1,100 apps and on 75 million devices. It sends 500 million moments of achievement-based reward notices to customers on a monthly basis through its network. By mid-2012, Kiip had raised more than $15 million venture capital from companies like Hummer Winbald, Relay Ventures, Verizon Ventures, True Ventures, CrossLink Capital, and many others.

The app company has built strategic partnerships with more than 40 brands including 1-800-Flowers, American Apparel, Amazon.com, Carl’s Jr., Best Buy, Disney, Pepsi, Victoria’s Secret, Playboy, and Vitamin Waters.

Kiip has expanded beyond the games platform and into the fitness apps like Nexercise, MapMyRun, Gym-Pact, LoloFit, and many others. Today, Kiip helps brands run more effective campaigns with “mobile advertising people like.”

2010 saw Brian as the second youngest company leader to receive funding from a venture capital firm, the first spot taken by Nick D’Aloisio. He has spoken at various popular conferences like TEDx, and SXSW.

Chad Mureta

Chad noticed the doctors at the hospital looking through his phone and thought about security. During his spare time at the hospital, he began downloading apps, understanding what was making people download them and why they were successful.
He then sketched his idea on a piece of paper and sent it to a developer. With no background in technology or development, his only strengths lay in the business and creative side of things. Three months after conceiving the idea, he submitted it to the app store, and the first month of sales brought in $12,000 which recouped his initial investment.

Two months after launching his own company, one of his apps averaged $30,000 per month cash flow. The income of the company later reached $120,000 in one month. In the next two years, he created and sold three app companies, which rank in millions.

Chad credits all of his success to having a game plan. In an interview with WHO? He says, “80% of business is the psychology of the business owner and 20% is the skillset. If you have psychology, you can get the skillset.” Today, Chad heads up App Empire, whose products help people turn app ideas into businesses.

Here is a slideshow that highlights their achievements.

The App Market

The Android and the iOS market are getting bigger by the minute. New ideas for innovation are always welcome. The mobile app economy was worth $53 billion in 2012, and TechCrunch says it will be worth $6.3 trillion in 2021.

The infographic below depicts major developments in the app market.

Conclusion

Prepare yourself for the mobile app wave by building your skills and getting certified.

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