Nick D’Aloisio is just 21 years old, and several years ago he became one of the world’s youngest self-made millionaires.

Nick has made his money by using innovative and creative thinking to design apps for smartphones.  In 2011, Nick created the Trimit application for iOS.  Apple took interest in this app and featured it as a noteworthy application on the App Store.  Later, the app gained attention from billionaire Li Ka-Shing who provided Nick with a large sum of money in venture capital funding.  Nick was able to completely redesign the app and re-launched it as Summly.

The app aimed to solve problems with the way that news articles were presented on smartphones.  Initially, the app was downloaded by over 200,000 people.  Because of its initial success, Nick received even more money in funding.  Then, in March 2013, Summly was sold to Yahoo for over $30 million.  The app has received praise from all over and been featured in many publications.  It won Apple’s award for “Intuitive Touch” in 2012.  Nick has been acclaimed greatly for his work and now he is employed by Yahoo continuing his innovative work.

Nick D’Aloisio showed many great entrepreneurial traits by creating his new, unique app and being able to turn his creative thinking into a business venture.