The multimillionaire himself was forced to confront challenges beyond just getting the financing for an idea.
As a black man, Gray says that he is regularly discriminated against.
Gray is also a contributing author to Chicken Soup for the African-American Soul.
He is also the Publisher/Editor-in-Chief of Prominent Magazine, an entertainment, business, fashion, and lifestyle and culture publication. Gray's honors include Keys to the Cities of Dallas, Shreveport, and Cincinnati.
At the age of 22, he has achieved more than many achieve in a lifetime. Among other programs and initiatives, his foundation focuses on inner city community-based entrepreneurship education and provides scholarship & grant assistance for students from at-risk backgrounds to attend HBCU's (Historically Black Colleges and Universities). Gray donates his honorariums from speaking engagements (which can be upwards of $15,000) and the proceeds of his book to his foundation in what he refers to as his "self-imposed" youth tax. Gray's work did not remain under the radar-screen for long.
Since his first interview at 11 years old on KVBC Channel 3, Gray has become a celebrity, featured in thousands of print, magazine, radio and television media including The NBC reality show Starting Over, 20/20, Good Morning America, ABC World News Tonight, The Montel Williams Show, Tom Joyner Show, The Tavis Smiley Show, CNBC, BET, NBC, FOX, CBS, NPR, the Wall Street Journal and the New York Post. Gray began his entrepreneurial, personal and civic development as a stellar young citizen at six years old selling home-made body lotion and his own hand-painted rocks as book-ends door-to-door. He was given a three-year term on the Board of Directors of United Way of Southern Nevada at the age of 15 and also became the youngest member of the Board of Advisors for the Las Vegas Chamber of Commerce. Gray was also the youngest member of the "African-American Leadership Roundtable" to be invited by President Bush and the Director of the White House Office of Faith-Based and Community Initiatives. Gray is also the spokesman for the National Coalition for the Homeless and the National Marrow Donor Program. Gray is the Co-Chair of Relational Brokers Alliance Consultancy (RBA).
"There's no idea dumb enough you can't get at least a billion people to buy into," he says about his first $50 profit.
He began by painting and refashioning the rocks to make them into bookends and doorstops.
Along the way, he became a media figure, with his own radio show, "Youth AM/FM," on which he opined about issues related to youth entrepreneurship.
He also wrote a series of books, starting with "Reallionaire," published in 2005.
"It's the spirit of the Third World entrepreneur," he says. You can't wait to rely on Exxon or Wal-Mart to hire you.
And that's the spirit I try to teach to young entrepreneurs." Following his stint as the rock-salesman, Gray moved on to homemade body lotions and eventually his bigger enterprises, which included prepaid phone cards.
Farrah Gray is a serial entrepreneur, philanthropist and motivational speaker. Farrah started his first entrepreneurial venture at the age of just 6 years old.