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Jackpot: Ten New Billionaires From IPOs In 2021

Here are 10 new IPO Billionaires in 2021

4/7/2021 10:00:00 AM

Here are 10 new IPO Billionaires in 2021

Despite the SPAC boom, far more entrepreneurs became billionaires this year through a good old-fashioned traditional IPO.

, who had planned much anticipated IPOs in 2020, sought shelter from the storm instead.Things couldn’t be more different this year. After a strong rebound in the second half of 2020 that has continued into 2021, public markets are again booming—and plenty of entrepreneurs are getting in on the action. Among the record 493 new billionaires on this year’s list—including 10 who rode the trendy SPAC wave to riches—

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Forbesfound at least 60 who have joined the list thanks to an old-fashioned IPO.Over the past year, 1,489 public offerings raised $314 billion globally, up from 1,239 IPOs and $234 billion in the previous year. That includes big names like food-delivery company DoorDash, which listed its shares on the New York Stock Exchange in December—

turningits cofounder and chief executive, Tony Xu, and his two cofounders, Andy Fang and Stanley Tang, into billionaires—and woman-centric dating app Bumble, which went public on the Nasdaq in February. The IPO has made Bumble’s cofounder and CEO, Whitney Wolfe Herd, the world’s youngest self-made female billionaire, at age 31.

Here are 10 of the most notable moguls who joinedForbes’World’s Billionaires list this year thanks to a traditional IPO; net worths are as of March 5, 2021: Read more: Forbes »

Carrot Cake Marmalade Is Our New Favorite Breakfast Spread

In this week's episode of 'Mad Genius: Home Edition,' Justin Chapple prepares his recipe for carrot cake marmalade with yogurt and fresh fruit, inspired by a yogurt bowl served at Molly's Rise and Shine in New Orleans.

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