These TikTok Millionaires Will Have to Wait a Few More Years to Pop Champagne

                               3rd January 2024

The richest TikTok millionaires are not of legal drinking age.  Some are still living with their parents and riding bikes to school.

Rich people always have a lot of triumphant stories to tell. Some, like Shahid Khan, started as dish washers before fighting to top jobs and entrepreneurship. Others, like Walt Disney, survived several business failures until one day, they lucked out.  But for young TikTok users today, maybe there is such a thing as overnight success.  

Highlights

• TikTok is a social media application for sharing short 15-second videos

• After less than 8 years, the platform has already turned some of its users into millionaires

• The richest TikToker earns as much as $500,000 per post. TikTok has turned into a money-making machine for young, talented content creators.

• Only a small percentage of Americans are millionaires

• The typical path to gaining this level of wealth involves going to school, studying a good course, and finding gainful employment

• You would then have to save or invest for many years to attain the millionaire status. 

According to an article by Motley Fool, investing $5000 in the stock market will take you ten years to become a millionaire.  But TikTok economics appears to work differently. 

Top Ten TikTok Millionaires Under 21

Notable TikTok creators have made gains that can only be described as phenomenal. The teenagers on this list have found a shorter and faster way to wealth and, well, teenage retirement before they are old enough to pop champagne.

Tip: The legal drinking age is the earliest age at which a person can legally buy and drink alcohol.  In the USA, the minimum legal drinking age is 21.

1. Noah Schnapp

Noah Schnapp was born on October 3, 2004. He played the role of Will Byers in the Netflix show “Stranger Things.” Fans love his acting skills and charm so much that he has become a household name. According to online sources, Noah’s net worth is between $3 and $4 million.

On TikTok, Noah entertains his 32.6 million followers by dancing, acting, and sharing funny moments of his life.  Noah is winning hearts and has also managed to secure substantial endorsement deals with Amazon: Coca-Cola, Calvin Klein, and even Nickelodeon.

2. Charli D'Amelio

Some professions run in the family. For the D’Amelio family, the family job appears to be TikTok dancing, which pays a pretty penny.  Charli’s sister, Dixie, became a millionaire, racking up $17.5 million from the platform. Now, Charli D’amelio, born in 2004, is worth 20 million bucks. In 2021, Forbes named her the highest-paid TikTok influencer.

Charli joined TikTok in 2019 and has amassed over 151.6 million followers! She attributes her TikTok success to her amazing dance moves, infectious energy, and good looks. Charli has endorsement deals with Procter & Gamble, Amazon, Prada, Dunkin’ Donuts, and many others.

3. Txunamy Ortiz

Another high-earning TikTok influencer is Txunamy Ortiz. She was born on March 23, 2009.  Txunamy is an internet all-rounder with a larger-than-life presence on TikTok, YouTube and Instagram.  Before TikTok, she was featured in Chicken Girls, a teenage drama web series, and Mani, an American web series. Txunamy’s net worth is about $1 million.

Superb lip-syncs and impossible dance moves on TikTok have made Txunamy a star. She has 2 million followers on TikTok and another 4.7 million on Instagram. Her YouTube channel boasts 3 million subscribers. Txunamy makes money from endorsement deals, among them the 2017 deal she struck with Nike.

4. Lilliana Ketchman

Lilliana Belle Ketchman is a rising star who was born in 2008.  She first gained our attention on Dance Moms, a reality television series on Lifetime.  When she joined TikTok, Lillian turned into an online sensation and has managed to build a $5 million empire.

The TikTok star has 1.6 million followers on the platform.  Her videos get thousands of likes thanks to her vibrant personality and great dance moves. Lilliana Belle gets paid a lot of money to help companies advertise their products. These are Body Wrappers, Jo and Jax, Puffy Mattress, Oh La La Dancewear, and SHEIN.

5. Gavin Magnus

Gavin Magnus, born in March 2007, has an estimated net worth of $1.5 million. Gavin first became famous when he appeared on "The X Factor" and "When Sports Collide." He has a rich melodious voice and charisma.  Some of his top-performing songs include No Pressure and Fake Love.

The singer and content creator has over 6.3 million followers on TikTok. On the platform, Gavin interacts with his fans through covers, original music, vlogs, and challenges that make people laugh.  Such is the fame that have seen him partner with upmarket brands such as Nike and Versace.

6. Samayra Narula

Next, we have Samayra Narula. The Indian YouTuber was born in 2016 and has managed to amass so much fame and money at a young age.  She occasionally collaborates with her father, Vinay in lip-syncing videos.  Samayra is also a good dancer and comedian. Her net worth is estimated to be $6.9 million.

Samayra has 4.5 followers on TikTok. Her account thrives mainly on family content thanks to Samayra’s parents, who manage the account.  Samayra regularly posts videos of everyday activities like washing dishes. These videos get millions of views. Like many other influencers, Samayra uses her TikTok account to help companies market their products.

7. Rosie McClelland

Rosie McClelland was born September 7, 2006. She went from being a viral sensation on "The Ellen DeGeneres Show" to becoming a Jill-of-all-trades in entertainment. Her net worth is an astonishing $5 million.

With over 2.5 million followers, her TikTok videos revolve around cover songs and comedy skits. Her original singles “Handstand” and “Girls Just Gotta Have Fun” have received millions of views on YouTube and TikTok.  Rosie McClelland’s brand collaborations include Barbie, Build-A-Bear Disney, and even Coca-Cola.

8. Elliana Walmsley

Elliana Walmsley was born in 2007.  She is a famous dancer and model in America. In 2016 she appeared in Dance Moms and in 2018 her career blossomed with her role in Dancing With the Stars.  The professional dancer and actor has a net worth of $2 million.

On TikTok ,Elliana’s empire includes 6.6 million followers and brand deals with  Joyfolie, Nickelodeon, Nina Kids Shoes, and Kidpik. She entertains her audience with dance moves, dance lessons and videos about everyday life things.

9. Queen KhaMyra

KhaMyra Skyes, born on the 22nd of June, 2006, is a force to be reckoned with.  In 2018 KhaMyra was thrust into the limelight when she started creating sketch comedy videos.  In 2022 she was featured in Forbes’ 30 under 30- Social Media list. Today she is a YouTuber, TikTok star, and model. The teenager creates content on diverse topics, from sports to technology, fashion and gaming.  Queen KhaMyra has a net worth of $5 million.

On TikTik, KhaMyra has 774,000 followers and 65 million views. She creates content about everything ranging from funny pranks to nail-biting challenges and behind-the-scenes vlogs.  This influence has helped her work with top fashin brands like Love Pink Corp, JurllyShe, and Angel Joi.

10.  Sadim Khan

Born on January 9th, 2014, Sadim Khan is certainly not your average 9-year-old. This TikTok sensation catapulted to stardom thanks to an incredible dancing talent. Sadim Khan's net worth is estimated to be  between  $1 and $5,000,000.

Sadim has 6 million followers on TikTok. Besides dancing, he changes everyday stuff into full-blast adventures to entertain his audiences.  His videos are fun to watch and his audience ranges from children to adults. Sadim has worked with big brand like Fogg, Coke, Milton, Amazon, Myntra, Shopssy, and many more.

Conclusion

While they may not have exclusively made all their millions from TikTok, these young stars leveraged their popularity and influence from the platform to get rich.

I am Andrew Juma