Self Starters: 85% Of America’s Richest Entrepreneurs Start First Business By 40

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If you’re looking to snag a spot on The Forbes400 list of richest Americans, you better start early

with his father as a small shop in North Hollywood in 1977, is now a nationwide chain with over 1,000 locations in 48 states.

The idea for the amusingly named cushions was born out of the exhausting, hours-long critiques, or “crits,” that students at the Rhode Island School of Design had to endure while professors assessed their work. After one particularly draining session in 2000, Gebbia went home and sketched the design for a comfortable and portable seat cushion; in 2005, he won a competition to produce hundreds for his graduating class and then started a company to sell them the day after his college graduation.

For the members of the Forbes 400, the most common age range for starting a new company was not in their 20s, but in their 30s. Carl Icahn, Oprah Winfrey, and WhatsApp founder Jan Koum all got their entrepreneurial start early in their fourth decade of life, striking out on their own after years of work in their respective industries.

 

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inheritance early.

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