Charlotte boy wins Buffett's business challenge

Cathy Martin - May 22, 2014 - 2:00:00 pm

A 15-year-old from Charlotte was named the individual winner of a national entrepreneurship competition for kids that was judged by a panel led by Warren Buffett.

Jake Johnson's concept for Beaux Up, a customizable bow-tie company, was selected as one of two grand prize winners from more than 4,000 entries. The winners received $5,000 and 10 shares of Berkshire Hathaway B Stock.

The "Grow Your Own Business Challenge" is part of the Secret Millionaires Club animated TV show that is narrated by Buffett and is sponsored by the Fairholme Foundation, the charitable arm of Miami-based Fairholme Capital Management.

Click here to view Jake's pitch for Beaux Up.

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