The internet is, as some politician famously said, a series of wires and tubes. To be just a tad more technical, it's actually a world-wide system of connected computer networks. It originally began as a United States military project in the 1960s and gained larger use by civilians in the 1980s. Now, much of our daily lives revolve around the interwebs, as we use this technology to communicate, learn, socialize, pay bills, and make purchases. The purchasing power of the internet has revolutionized the business industry. Over 80% of all internet users have made a purchase online, and online sales are estimated to be worth over $1.4 trillion by 2015. This is great news not only for consumers, who cite the convenience and time saving factors of online shopping as part of its appeal, but it also opens up a whole new world for retailers and entrepreneurs. It's like having a lemonade stand where your product is available to the entire world instead of the few old ladies who live on your block, who think a cup of lemony sugar water should cost 5 cents.
As with most new technology, it is the young who are able to quickly profit and adapt, spotting the potential for revenue and opportunity. The entrepreneurs on our list conceived a variety of goods and services from clothing and artwork to games and social media sites.
10 Greg Tseng and Johann Schleier-Smith - Tagged
9 Jake Nickell- Threadless
8 Alexander Levin- ImageShack
7 John Vechey- PopCap Games
6 Angelo Sotira - DeviantART
5 Andrew Michael - Fasthosts
4 Blake Ross and David Hyatt- Mozilla Firefox
3 Chad Hurley - Youtube
2 Andrew Gower - Runescape
1 Mark Zuckerberg- Facebook, 29
It should be no surprise that our most impressive young internet entrepreneur is none other than Mark Zuckerberg. 29 year old Zuckerberg was a computer genius from a young age. As a child, he invented a computer program called Zucknet for his father to use in his dentistry office. He also used Zucknet to communicate with friends and family. Zuckerberg's parents realized that their son had a rare talent and paid for him to have private tutoring in computers where apparently, it was difficult for his tutor to stay ahead of him.
After graduating from high school, Zuckerberg headed to Harvard, where he co-founded Facebook. He dropped out after his sophomore year in order to focus full time on the social networking site, and currently serves as its CEO. Zuckerberg is reportedly worth $28.7 billion and was the youngest CEO to ever appear on the Fortune 500 list in 2013. Despite his vast wealth, Zuckerberg is also a devoted philanthropist. He signed the Giving Pledge, which states that he will give 50 percent of his wealth to charity. Since he's worth $13.3 billion, that's a whole lot of money for charity.
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