billionaire

Instagram Co-founder Kevin Systrom is Now a Billionaire

Since launching in 2010 and being acquired two years later by Facebook for $1 billion with just 13 employees, Instagram has followed a meteoric path toward social media superstardom. Just 4 years after the sale, Instagram's co-founder and CEO Kevin Systrom is now a billionaire.

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Shutterstock Stock Booming, Its Founder Becomes First Silicon Alley Billionaire

It's rather obvious that money is to be made in the stock photo industry. Shutterstock founder Jon Oringer is finding tremendous success with his 55 percent stake his the company. Since filing for an IPO and selling its shares publicly last October, Shutterstock's stock value has more than tripled. In the process, Oringer has become Silicon Alley's first billionaire.

World’s Largest Private Yacht Features a Laser-based Anti-Photo Shield

Earlier this month, we featured an upcoming license plate frame that uses bright flashes of light to prevent traffic enforcement photographs. In the article, we mentioned that the concept could potentially be used by the rich and famous to avoid the constant gaze of paparazzi cameras. Turns out the rich and famous are already one step ahead of us.

Eclipse, the world's largest private yacht owned by Russian billionaire Roman Abramovich, already features a high-tech anti-photography system that uses lasers to seek out and deny cameras.