Buffett honours ‘kidtrepreneurs’

Berkshire Hathaway CEO Warren Buffett is known for giving encouraging business advice to kids. This week he’s backing his words with his wealth.

His Secret Millionaires Club “Grow Your Own Business Challenge,” has chosen 8-year-old Matthew Meyer of Cincinnati, OH as national individual grand prize winner, and Team Kidtreprenuer’s Kennedy Sabharwal, Spencer Sabharwal and Sawyer Beeler, from Lexington, KY as the national team grand prize winners.

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They presented their business ideas to Buffett and a panel of judges in May.

Matthew’s winning idea is the Right-Writer. It’s a wrist band with an elastic band that holds your finger in place so you can write neatly.

Team Kidtrepreneur won with its Kidtrepreneur Kits. It’s a program where kids can go online and register to be a Kidtrepreneur. Each member will receive a monthly newsletter kit with information on ways to be creative in getting a job and making money.

The grand prize winning team members and winning individual each win $5,000. The runners up receive $500. All finalists nominated a teacher or mentor who was inspirational to join them in Omaha. The teachers of the grand prize winners will also receive $1,000.

“Like last year, I was impressed at the insightfulness and creativity that these kids showed in their entries,” said Buffett.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.