Multi-millionaire children, tweens and teens are as common as implants at the Oscars. Even though most of the stars have aged out of the child star demographic of 14-18, they still are cashing in with performances that appeal to that group.
Miley Cyrus, 15 years old, from Hanna Montana and Daniel Radcliffe, 19, of Harry Potter socked away a cool $25 million each last year. Others, in order from high to low, are Mary Kate and Ashley Olsen, both 22, at $15 million; The Jonas Brothers, Kevin, Joe, and Nick, at $12 million; High School Musical star Zac Efron, 20, toted up almost $6 million along with 23-year-old co-star Ashley Tisdale's $5.5 million.
Emma Watson, 18, who plays Hermioni in Harry Potter took $5 million to the bank this past 12 months. Hilary Duff, 20, got $5 million as did Rupert Grint, 19 who plays Ron Weasley in Harry Potter; and Vanessa Hudgens, 19, survived some unauthorized web exposure to come in at number ten with a nice $3.2 million.
What Makes This Trend Stand Out
- Wealthy Teen Celebs
- The increase of wealthy young Hollywood stars creates opportunities for entertainment and luxury industries to develop new products and services to cater to their unique lifestyles.
- Child Star Entrepreneurship
- The rise of multi-millionaire young celebrities highlights a trend in child star entrepreneurship and presents opportunities for the education and talent management industries to support and foster this growth.
- Digital Celebrity Influencers
- The popularity of young celebrities on social media and other digital platforms showcases a trend in digital celebrity influencers and creates opportunities for digital marketing and advertising industries to create campaigns targeted at this audience.
Sectors Adopting This
- Entertainment Industry
- The entertainment industry can profit from creating shows and movies that appeal to the growing audience of young celebrities and their followers.
- Luxury Industry
- The luxury industry can create new products and services targeted at the lavish lifestyles of young, wealthy celebrities.
- Talent Management Industry
- The talent management industry can support young celebrity entrepreneurs by providing education and resources to help them develop successful businesses and personal brands.
