# World’s Youngest Millionaire Actor Fights for Earnings, California Passes Law to Protect Child Actors
Jackie Coogan, once the world’s youngest millionaire at 13, became the face of child actor exploitation after his mother and stepfather mismanaged his wealth. Coogan earned a significant fortune from acting in silent films, but by 25, he was bankrupt. In response to his legal battle to recover his earnings, California passed the "Coogan Law" in 1939, requiring a portion of child actors’ earnings to be set aside in a trust until they turned 18. This landmark law aimed to prevent such financial abuse and has influenced subsequent protections for child performers in the entertainment industry
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