Young stars destined for rich futures

[DG]

Interesting article:


They are young, generally talented and destined to become outrageously, sickeningly wealthy. Probably.

Research carried out for the Royal Bank of Scotland has produced a league table of 20 under-21s who look likely to take their place among the wealthiest people in Britain by 2020.

The group hail from the worlds of business, arts, sport, fashion - and skateboarding, a profession not generally associated with huge amounts of cash.

Topping the table is Carl Churchill, 19, from Solihull. DMC Internet, the internet solutions business he set up with £5,000 of savings, turned over £1m last year. By 2020, RBS reckons he will be worth around £100m.

Understandably, he is fairly happy at his projected valuation. "It feels great to have my achievements recognised in this way, and to be considered among so many amazing young people," he said. Mr Churchill's life is not exactly akin to that of the stereotypical teenager. He arrives at work at 9am each day and goes home at 7pm, where he usually manages another couple of hours. Weekends are often sacrificed too.

Second is the Bend it Like Beckham actor Keira Knightley, starring in the Pirates of the Caribbean with Johnny Depp. She is expected to be worth £50m.

Philip Beresford, who compiled the list for the bank, said he consulted already established professionals to find out who they thought were the brightest hopes for the future. After that, it was largely a question of equating potential with cash. "To be able to put a figure on their monetary worth in 2020, we looked to an equivalent contemporary figure as a benchmark. For example, Keira Knightley's equivalent is Hollywood actress Catherine Zeta-Jones," he said.

Harry Brooks, 19, a singer-songwriter, is third on the list, with an estimated future worth of £45m. He has a deal with Messy/Virgin records and has written a hit for boy band Blue. The highest placed sportsman is Alexander Sims, a 15-year-old racing driver. He is already a regular winner in kart championships - where many Formula 1 drivers started careers - although he is too young to enter some races. RBS reckons he will be worth £40m. Also aged 15 is BMX biker Shanaze Reade, expected to be worth £3m. Everton footballer Wayne Rooney, aged 18, should make £25m.

Skateboarder Lucy Adams is the most unexpected entry. There is not a lot of money to be made from professional skateboarding, particularly for women, but RBS believes she will make her fortune by designing skateboards and be worth £10m.

Paul Thwaite, head of youth banking for RBS, said: "All members of RBS Rich List 2020 clearly have the X-factor, an exceptional talent or perception for opportunity."

Jeunesse dorée

1 Carl Churchill, 19, internet entrepreneur £100m

2 Keira Knightley, 18, actor £50m

3 Harry Brooks, 19, singer/songwriter £45m

4 Adam Hildreth, 18, internet entrepreneur £40m

5= Alexander Sims, 15, racing driver £30m

5= Romero Bryan, 19, fashion designer £30m

5= Jamie Bell, 17, actor £30m

8= Alexia, 19, singer £25m

8= Wayne Rooney, 18, footballer £25m

8= Samantha Mumba, 20, singer £25m

8= David George ,20, internet entrepreneur £25m

12= James Milner, 17, footballer £20m

12= Hannah Taylor-Gordon, 16, actor £20m

14 Amy Studt, 17, singer £15m

15= Sam Branson, 18, model £10m

15= Lucy Adams,19, skateboarder £10m

17= William Felix, 16, entrepreneur £5m

17= Henrietta Brockway, 13, golfer £5m

17= Bryony & Kathryn Frost, 19, athletes £5m

20 Shanaze Reade, 15, BMX £3m

[Franglais]

its really quite sickening, especially when you think of how they will waste all that money.

Pretty good, especially for doing something you enjoy.

[DG]

Originally posted by Franglais
its really quite sickening, especially when you think of how they will waste all that money.

Remember though - this is a future rich list for 2020.

Anything could happen .. but it makes you think - even the guy that started with £5,000 and is now worth a Million at 19 and the days of internet companies springing up overnight and get unlimited backing are over so he's doing pretty well.

[Franglais]

Originally posted by DiamondGeezer
Remember though - this is a future rich list for 2020.

Anything could happen .. but it makes you think - even the guy that started with £5,000 and is now worth a Million at 19 and the days of internet companies springing up overnight and get unlimited backing are over so he's doing pretty well.

yes, but the thought of all these rich people who put the money to any good really pisses me off. and a lot of them get paid far too much anyway.