Loading....
x
When Ryan Ross was three years old, he started a chicken-and-egg business in his backyard. Today, the eight-year-old is on his fourth company — and has already earned close to $1 million.
“I had 60 chickens and sold a dozen eggs for three dollars,” recalls Ryan, who lives near Toronto. “I made $15 a day.”
When he tired of selling eggs, Ryan launched his next venture: A lawn-mowing business. Ryan charged customers $20 per hour, but because he was too young to operate a lawnmower, he hired older kids to do the work — for $15 dollars an hour.
“He made $5 per hour for doing nothing,” says his mother, Savannah. “It was the same thing with his next company, a power-washing business. We supplied the power-washer; he charged the customer $200 and paid a person $100 to do the work. And they’re all his ideas. My husband and I are adamant that Ryan has to understand everything he’s doing. If I do it for him, it’s my company.”
All along, Ryan has been investing his profit in real estate. Today he owns six buildings in Ontario and British Columbia; his personal net worth is $900,000. Ryan has also bought a hockey rink and basketball court for his family, and some 4,000 books for himself. But no cellphone: His parents won’t allow it. “His friends in school don’t believe he’s a businessman”, says Savannah. “They think it’s baloney.”
But Tiny Trump’s ambitions go beyond real estate. “I want to buy two National Hockey League teams,” Ryan tells Metro. “That way I can play in the NHL.”
Explains Savannah: “Ryan thinks hockey is all fun. But he has to understand the business side, so now we’re setting up meetings with NHL owners. They think it’s very cute.”
“I had 60 chickens and sold a dozen eggs for three dollars,” recalls Ryan, who lives near Toronto. “I made $15 a day.”
When he tired of selling eggs, Ryan launched his next venture: A lawn-mowing business. Ryan charged customers $20 per hour, but because he was too young to operate a lawnmower, he hired older kids to do the work — for $15 dollars an hour.
“He made $5 per hour for doing nothing,” says his mother, Savannah. “It was the same thing with his next company, a power-washing business. We supplied the power-washer; he charged the customer $200 and paid a person $100 to do the work. And they’re all his ideas. My husband and I are adamant that Ryan has to understand everything he’s doing. If I do it for him, it’s my company.”
All along, Ryan has been investing his profit in real estate. Today he owns six buildings in Ontario and British Columbia; his personal net worth is $900,000. Ryan has also bought a hockey rink and basketball court for his family, and some 4,000 books for himself. But no cellphone: His parents won’t allow it. “His friends in school don’t believe he’s a businessman”, says Savannah. “They think it’s baloney.”
But Tiny Trump’s ambitions go beyond real estate. “I want to buy two National Hockey League teams,” Ryan tells Metro. “That way I can play in the NHL.”
Explains Savannah: “Ryan thinks hockey is all fun. But he has to understand the business side, so now we’re setting up meetings with NHL owners. They think it’s very cute.”
|
User Comments & Ratings | Comment as guest | |
| Title: |
| Comment: |
more business stories
Random tests show marijuana drug of choice in Canadian military ranks
OTTAWA - Marijuana is the illegal drug of choice in the Canadian Forces, according to the first random tests of the entire military.
Ontario to unveil new Taser guidelines
TORONTO - Ontario is poised to revamp its guidelines on the use of stun guns by police, The Canadian Press has learned.
Man found with stolen goods after hailing cruiser with middle finger
KENORA, Ont. - An Edmonton man who used his middle finger to flag down a cruiser in northern Ontario has been charged with stolen property offences.
Alberta to fight oilsands 'propaganda'
CALGARY - The Alberta government will be rolling out initiatives over the next few weeks to combat "propaganda campaigns" against the oilsands, the province's energy minister told a business audience Wednesday.
Metro Canada grows to 1.3 million daily readers
While most people are drinking beer and wearing green to celebrate St. Patrick’s Day, Metro Canada is celebrating for a different reason. Metro Canada’s readership has continued to grow, making it the most read national daily newspaper in Canada, according to the Newspaper Audience Databank.
editor's picks
Blood-hurling Thai protesters vow to stay in capital indefinitely
BANGKOK, Thailand - Leaders of Thailand's anti-government protesters, who have hurled their own blood at the offices and home of the prime minister, said Wednesday they will remain camped out in capital indefinitely, though in smaller numbers.
Mock reality TV electrocutions probe power of TV
PARIS - A state-run TV channel is stirring controversy with a documentary about a fake game show in which credulous participants obey orders to deliver increasingly powerful electric shocks to a man, who is really an actor, until he appears to die.
Brazilian president places wreath at Arafat's tomb, risking Israeli ire
Brazil's president placed a wreath on the tomb of the late Palestinian leader Yasser Arafat on Wednesday and sharply criticized Israeli policies, leading Israeli officials to suggested he was not being evenhanded.
Desperation amid abortion crackdown in former 'Abortion Republic'
SEOUL, South Korea - Having a third child wasn't in Mrs. Kim's plans. She and her husband are already struggling to get by.
Saskatchewan NDP calls for release of Tommy Douglas security files
REGINA - The Saskatchewan NDP wants the federal government to fully disclose decades-old intelligence gathered on socialist icon and former premier Tommy Douglas.
Copyright 2001-2010, Free Daily News Group Inc.