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Why Does The Tech Industry Produce So Many Young Tycoons?

When Steve Jobs And Bill Gates Got Rich

Forbes debuted its first issue of the 400 Richest Americans in 1982. Listed among the most powerful and wealthy people in the country was a 27 year-old computer geek from Los Gatos California worth $100 million: Steven P. Jobs. Now worth $5.5 billion, Jobs is a member of a small and elite group of  billionaires–including Warren Buffett and Donald Trump–who debuted in that first issue and are still Forbes 400 members today.

Despite this feat, Jobs doesn’t hold the record of the youngest self-made titan to appear on our list of the ultra wealthy. That title belongs to Facebook’s Mark Zuckerberg. He joined the 400 richest Americans at age of 24 (and was counted among the World’s Billionaires at just 23).

The technology world has created the majority of our youngest Forbes 400 debuts. Microsoft founder, Bill Gates, made the Rich List at age 30. Google’s Serge Brin and Larry Page both premiered at 31.

Why does the tech industry produce so many young tycoons?

We asked Dallas Mavericks owner  Mark Cuban–who himself made the 400 at the age of 40 after selling Broadcast.com to Yahoo for $5.7 billion in 1999.

His answer: “It doesn’t take a lot of startup capital to start a tech business. A PC, some smarts and some luck, and the next thing you know …”

Click here to see when some of America’s richest first debuted on the Forbes 400.

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