17 year old Sells his smartphone app to Yahoo for $30 Million


17-year-old Brit Nick D'Aloisio, who has been designing apps on and off since the age of 12, is now a multimillionaire after selling his app, Summly, to Yahoo for a cool $30 million.

He created the app—which provides simple summaries of stories on your mobile device when he was just 15 years old after realizing many Web pages are formatted for browsing with mouse clicks and desktop computers.

“I was fortunate enough for the Hong Kong billionaire Lee Ka Shing to just cold approach me,” D'aloisio said – he was fifteen at the time.

Lee’s team was trying to work out a date to meet with D'Aloisio, but when they realized he was still in school, they decided to fly out and meet the schoolboy in person.

D'Aloisio said though he developed the original algorithm, he wasn’t the only person behind the app’s engineering.

“We have a team of in-house scientists that have also been coding,” he said.