17-year-old Nick D’Aloisio has become an overnight multi-millionaire and one of Yahoo’s newest employees.
UK student D’Aloisio has sold his news-reading app Summly to Yahoo for an estimated $30-million. The algorithmic app takes articles and shortens them to be read on smartphones.
Meanwhile, the young man has also taken up a position at Yahoo, although he will work on completing high school and preparing for university.
D’Aloisio is the major shareholder in Summly, which is also partly owned by Wendi Murdoch, Ashton Kutcher, Yoko Ono and Hong Kong investor Li Ka-shing.