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Millionaire at 14: The Amazing Success of Farrah Gray

By Merry Strong, published Mar 08, 2007
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Farrah Gray was not a typical teenager. By the time he turned 14, he was a self-made millionaire. He began his incredible journey, at the tender age of SIX, selling handmade body lotion and hand-painted bookends to those in his neighborhood.

Even at that early age, Farrah had dreams of being the CEO of his own company. When his Mother refused to buy him the briefcase he wanted, he decided to use his red lunchbox, instead. (He also borrowed his brother's clip-on tie, for these occasions.)

Two years later, at age eight, he co-founded the Urban Neighborhood Enterprise Economic Club, in Chicago. He solicited local businesses to donate such things as transportation and meeting space.

This purpose of this organization was to educate 'at risk' children, in regard to legal ways to make money. During this time, Farrah even occupied an office on Wall Street.

He was interviewed for the first time, at the age of 11. After that initial appearance, Farrah Gray became quite a celebrity and was featured in many print magazines and on numerous radio and TV broadcasts, as well.

Between the ages of 12-16, Farrah started several other successful business ventures. These businesses included a pre-paid phone card for children, a mailboxes & more type franchise, an interactive teen talk show and a food company aimed at young people, which generated over 1.5 million dollars in orders.

(It was the sale of that food company that made Farrah a millionaire, at such a young age.)

From the time he was a pre-teen, he has given countless inspirational speeches, nationwide. Farrah's current foundation, aptly named 'The Farrah Gray Foundation', provides grants and scholarships that allow 'at risk' students to attend Historically Black Colleges and Universities.

At the age of 15, he was the youngest person to sit on the Board of Directors of the United Way of Southern Nevada. His continued concern for community and social causes is apparent, even today. He is the current spokesperson for the 'National Marrow Donor Program' and the 'Coalition for the Homeless'. (Sadly, Farrah's sister Greek Gray died of Leukemia, in 2006, at the age of 34.)

Millionaire at 14: The Amazing Success of Farrah Gray

You gotta start somewhere!

Credit: Chris Scott

Copyright: Chris Scott (www.sxc.hu)

Takeaways
  • Farrah sold body lotion and painted rock, bookends, at the age of SIX.
  • Farrah is the youngest person, on record, to have had an office on Wall Street.
  • Farrah successfully marketed a pre-paid phone card, for children.
Did You Know?
Farrah Gray is a contributing author, in the book, Chicken Soup for the African-American Soul .
Comments
Comments 1 - 5 of 5
 
 
I have a brother that is close to being a millionaire in a short period of time. The funny thing is, before this happened, I told him he would start his own business. I could be rich because I have certain insights to peoples lives. But I promised I would not misuse this for profit!

Posted on 11/03/2007 at 5:11:00 PM

 
Very interesting article. What a special young man!

Posted on 08/29/2007 at 10:08:00 AM

 
This SOUNDS like a fairy tale. *grin* wordwan

Posted on 03/11/2007 at 6:03:00 PM

 
Great to see such an inspirational story about today's youth!

Posted on 03/10/2007 at 10:03:00 PM

 
I read in the Post recently about a study on kids and entrepreneurship. There is a strong correlation between having those tendencies at a young age and succeeding in the business world as an adult.

Posted on 03/10/2007 at 8:03:00 PM

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