Most have heard stories like these before. A young boy starting an online business and making a living off of it.
Patrick Scherzinger, born on the 8th of November 2004 in Germany, started engaging in business-related topics at the age of just 13 years old. It was during this time that he started investing his pocket money into ETFs, to build a sustainable long term portfolio. The legal age to be owning and directing a company is 18 years old – but there are exemptions. By the age of 15, Patrick Scherzinger obtained full legal capacity in his home country, Germany, after a month-long process in front of court. He was among the youngest in Germany to have achieved such a milestone. After seeing great success in his first company, Patrick Scherzinger wanted to expand his existing ventures. He therefore founded the Scherzinger Holding GmbH after another act in front of the district that took almost an entire year. Patrick, now 17 years old, can proudly call himself one of the youngest entrepreneurs and especially owners of a limited company in Germany (a so-called GmbH).
In the future, he plans on expanding his existing portfolio of holdings and finishing his bachelor in business administration at one of the top business schools in Frankfurt, Germany.