Facts of Nick D' Aloisio
|Full Name||Nick D' Aloisio|
How Much Is Young Millionaire Nick D’ Aloisio’s Net Worth?
The England born computer programmer and internet entrepreneur, Nick D’ Aloisio is one richest youngest millionaires. The creator of the eye-drawing app Trimit, later named Summly, D’ Aloisio made a hefty $30 million sum after selling it to Yahoo when he was 18.
Formerly the product manager for Yahoo!, Nick currently is the founder and CEO of a new AI company In Stealth. Well, with a successful business venture, the English entrepreneur owns the net worth of $30 million as of 2019.
Millionaire At The Age Of 17: Nick D’ Aloisio’s Net Worth, Income Sources & Earnings
The graduate of Hertford College, a constituent of Oxford University, D’ Aloisio created an iOS app Trimit in March 2011, which got featured in the Apple App Store with 100,000 downloads.
The app feature condensed text such as emails and blog posts into a summary.
Well, in no time, Nick D’ Aloisio pulled the attention of business tycoon Li Ka-Shing and gained venture capital investment of $300,000 at the age of 15. He became the youngest person to receive a round of venture capital in technology.
According to Celebrity Net Worth, Nick has an estimated net worth of around $30 million as of May 2019. The major source of his income is his proficiency in internet business venture at a young age.
Way To Million Dollars
As reported, Nick D’ Aloisio re-modified the iOS app Trimit and named it Summly in December 2011. Not only, the young entrepreneur gained huge applauds but also corporate support and funding of $1 million from celebrities like Yoko Ono, Ashton Kutcher, and Stephen Fry.
Later, Nick D’ Aloisio, then 17, sold the app to Yahoo! in March 2013 for around $30 million, and got himself a tag of a millionaire.
Nick D’ Aloisio’s Current Career Update
Soon after trading his app Summly, he joined Yahoo! as a product manager and later in January 2014, launched Yahoo News Digest based in Las Vegas, which summarizes important news of the day, updating twice a day.
Moreover, the app also won the 2014 Apple Design Award. But in October 2015, he left Yahoo! and co-founded a new startup Sphere Knowledge.
Moreover, as per Linkedin, Nick D’ Aloisio also founded In Stealth in April 2016 and is the CEO of the company. Well, the company has already raised over $30 million in funds.
Any Endorsement & Charity?
No reports on Nick’s endorsement detail or earnings from sponsorships is not out but surely can sum up massive sum. D’ Aloisio is not much active on Instagram but has over 18.2K followers on Twitter.
Alongside business, the English entrepreneur is also active in charity works and has associations with many non-profit organizations.
Assets, Tax, Charity, Insurance, Lifestyle & Expenses
Currently, Nick D’ Aloisio lives in his house in London, the UK, but has not opened up about the purchase detail on the house. Well, the average house price in London is around £455,594 ($593,500) with the house insurance premium of £175.77 per year.
With a net worth of $30 million, D’ Aloisio certainly lives a lavish lifestyle and owns an impressive asset collection. Of course, the entrepreneur owns luxurious cars like Audi, Mercedes, and many others, but likes to keep it low-profile.
Besides expenses on the property, Nick also spends on travels, foods, accommodation and costly clothes.
As a noble citizen of England, Nick D’ Aloisio does have to fulfill the tax policy and make payments: income and property tax. The property tax on England seeks the stamp duty depending on the value of the house:
- Up to £125,000- 0%
- £125,001 to £250,000- 2%
- £250,001 to £925,000- 5%
- £925,001 to £1,500,000- 10%
- Over £1,500,000- 12%
Besides this, owning another house in the UK costs an additional 3% stamp duty.
Also, D’ Aloisio also has to pay income tax which comes to be 45% of his total income, that is the applied tax rate for over £150,000 annual revenue.
Nick D’ Aloisio’s Personal Details: Age, Family, Girlfriend Education & Relationship
Nick D’ Aloisio was born on November 1, 1995, in London, the United Kingdom, to father Lou Montilla, an investment banker and mother Diana D'Aloisio, a lawyer.
His birth name is Nicholas D'Aloisio-Montilla. He has a younger brother named Matthew.
At a young age, D’ Aloisio’s family moved to Australia but returned to London, when he was 7.
Then, he attended King's College School, and later, enrolled at Hertford College, Oxford University where he studied philosophy and computer science.
As per online sources, Nick began his BPhil graduate program in Philosophy at Oxford University in 2019.
Nick D’ Aloisio holds English nationality and is of white ethnicity. As of May 2019, his age is 23.
Well, the current relationship status of Nick D’ Aloisoi is not out. But back in an interview in March 2013, he did mention about his girlfriend, who he was dating for 10 months. Since then, neither the report on married life or any other relationship of D’ Aloisio is out.