He’s the 17-year-old boy genius who this week sold Summly, the Smartphone app he created from his bedroom while revising for his GCSEs, to Yahoo! for a rumored £20 million. He is friends with Stephen Fry, has hung out at Ashton Kutcher’s house, worked with Yoko Ono, and even done a deal with Rupert Murdoch. Nick D’aloisio has a net worth of $30 million. D’aloisio is one of the youngest self-made millionaires of all time.
Nick D’Aloisio Wiki Details Personal Life, Biography, Family
D’Aloisio full name is Nicholas D’Aloisio-Montilla and was born in London to expat Australian parents – Lou, a commodities trader, and Diana, a lawyer – in 1996. The family moved back to Melbourne shortly after Nick was born. When he turned seven (and his brother, Matthew, was three), the D’Aloisios relocated to Wimbledon, south-west London, where they have been ever since.
Nick D’Aloisio and his Summly, the app- Yearly Earning, Annual Income
It was here, at the desk in his bedroom, aged 15 that D’Aloisio came up with the idea for Summly, a news summarisation application that shortens longer web articles into three concise paragraphs, making them easier to read on the screen of a smartphone. The app, which has been downloaded a million times and summarised 90 million articles since its launch in 2011, claims to save users enough reading time every day to take a long, hot bath.
The idea came to D’Aloisio when he was revising for his mock history GCSE. Frustrated by the number of irrelevant articles that kept coming up in web searches, he began experimenting with ways to filter information. “I’m impatient,” he explains, “like a lot of my generation. If this or that isn’t interesting to me, I’ll stop reading. I don’t have the tolerance. I want to know what content is appropriate to me – and I want to know quickly. That’s what Summly does.”
Nick D’Aloisio The Millionaire in Making
It’s easy to forget you’re talking to a 17-year-old when D’Aloisio gets going. Constantly shifting, almost bouncing, in his chair, he’s endearingly passionate about technology – and what the future holds for start-ups like his. Intelligent without being geeky, he throws phrases like “3D rendering” and “product road maps” into conversation, stopping to explain with great patience when my eyes glaze over in confusion.
He’s interested in more than just computers, too. At school (he’s on sabbatical from King’s College School in Wimbledon, having stopped full-time classes last year to concentrate on Summly), he’s studying for A-levels in maths, physics and philosophy. He’s learning Russian and Mandarin, and one day hopes to read PPE at Oxford. His Yahoo! deal involves a full-time job at the company’s London office, with schoolwork confined to the evenings. Too much for a teenager to handle?
“Education is something that naturally interests me, so I’ll be OK,” he insists. “If it doesn’t work out with school, I can go back when I’m 20 – or whenever.” And your parents didn’t mind you giving up classes? “I talked about it with them and my headmaster and we decided it was a once-in-a-lifetime opportunity and it would be silly not to run with it. Now, looking back, I can say it was a massive gamble. But it was a good gamble.”
Nick D’Aloisio Awards, Recognition This year – List
In addition to WSJ Innovator of the Year and appearing in Time Magazine’s Most Influential; D’Aloisio was named a Top 1000 Influential Londoner by Evening Standard in 2012 and 2013. D’Aloisio won the 2014 Apple Design Award. He also appeared in the 30 under 30 list for Forbes Magazine, GQ Magazine’s 100 Most Connected Men of 2014 and the Mail on Sunday Top 100 things to watch in 2013. D’Aloisio was included in the Sunday Times’ 100 Makers of the 21st Century. D’Aloisio was placed #30 on the 2014 Silicon Valley 100 by Business Insider. D’Aloisio also won a Spirit of London Award in December 2012 as Entrepreneur of the Year. D’Aloisio received one of the British Inspiration Awards for Young Entrepreneur of the Year in 2013. He was also placed 1st in Evening Standard’s Top 25 under 25 for 2013. D’Aloisio has also received a Spear’s Wealth Management for Entrepreneur of the Year 2013, as well as a Merton Business Award.