By Alyson Shontell
On April 9, 2012, Kevin Systrom and Mike Krieger sold their 13-person startup, Instagram, to Facebook. Facebook purchased the photo filter app 18 months after its launch for $1 billion: $300 million in cash, the rest in Facebook stock.
What has the year been like for Systrom since selling... Read More »
Income inequality is now at its highest levels since the Great Depression, and as this gap has grown, so have our fantasies of the idle rich, from the Kardashians to "Real Housewives." But many of the mega-rich have gotten mega-richer, with no plans to quit for a life of gentle tanning.
Writing for Forbes,... Read More »
By Marcus Wohlsen
SAN FRANCISCO -- Facebook co-founder and former Mark Zuckerberg roommate Dustin Moskovitz is by many accounts the world's youngest self-made billionaire. But the 27-year-old isn't sipping champagne in the Caribbean.
Instead he's thrown himself back into San Francisco's startup mix, even... Read More »
By John Sumser
Life is good if you are Reid Hoffman. The self-made billionaire was a part of the founding team at PayPal. He took his winnings from that expedition and went on to found LinkedIn. Hoffman knows what success is.
I'd like to tell you that I've been chumming around with him; that in his jet... Read More »
Not every American billionaire attended an Ivy League school, or even went to college. There is a select group of "Blue Collar Billionaires" who may prefer driving pick-ups to cruising in luxury sedans. From humble beginnings they started their fortunes with sweat equity in, mostly, blue-collar industries. Read More »
By Jane Lee and Helen A. Coster from Forbes.com
Be cool -- stay in school, the saying goes. Recent reports show that a rising number of college graduates are topping off their resumes with $135,000 law degrees in hopes of getting ahead in the post-recession economy. But one look at this Forbes list of... Read More »
If someone looks at their bank account and sees nine digits, you'd think they'd be happy. But when Otelo Vizcaino saw $999.99 million in his checking account, he panicked. The website manager for Ripley Entertainment Inc. was the victim of a computer glitch, one of many digital hiccups that have spread a lot... Read More »