From bootstrap to big time, our 2008 picks share their secrets to multimillion-dollar success.
With annual sales ranging from $5.4 million to $50 million, these 14 young millionaires have one thing in common: They've turned their passions into profits, and they've done so before the age of 40. From fruit delivery services to community software, discover the ideas and inspiration that have spurred this forward-thinking group of entrepreneurs to succeed against all odds.
Hawaii Hideaways Description: High-end villa rental agency specializing in upscale concierge services Founder: Anne Pawsat-Dressler, 28 Location: Kula, Hawaii Projected 2007 sales: $5.4 million www.hawaiihideaways.com
Violator/Brand Asset Group Description: Artist management, record company and marketing group Founder: Chris Lighty, 39 Location: New York City Projected 2007 sales: $11 million (Violator); $2 million (Brand Asset Group) www.violator.com
The Fruitguys Description: Fresh fruit delivery service for workplaces Founder: Chris Mittelstaedt, 39 Location: South San Francisco, California Projected 2007 sales: $10 million www.thefruitguys.com
Energy Industries Description: Energy project developer focused on efficiency and renewable solutions Founder: Darren T. Kimura, 33 Location: Honolulu Projected 2007 sales: $16 million www.energy-industries.com
Cleanbrands LLC Description: Designer and manufacturer of allergy barrier bedding products Founder: Gary Goldberg, 38 Location: East Providence, Rhode Island Projected 2007 sales: $20 million www.cleanrest.com
Karmaloop Description: Streetwear retailer and online community Founder: Greg Selkoe, 33 Location: Boston, Massachusetts Projected 2007 sales: $40 million www.karmaloop.com
Dogswell Description: Manufacturer of natural pet treats that have functional properties Founder: Marco Giannini, 32 Location: Los Angeles, California Projected 2007 sales: $21 million www.dogswell.com
SimplyShe Inc. Description: Manufacturer of fashion products, especially pet fashions Founder: Maria Peevey, 39 Location: San Francisco Projected 2007 sales: $50 million www.simplyshe.com
Onestop Description: Office consumables distributor for small businesses Founder: Marx Acosta-Rubio, 38 Location: Canoga Park, California Projected 2007 sales: $22 million www.callonestop.com
Jive Software Description: Enterprise collaboration and community software Founder: Matt Tucker, 29, & Bill Lynch, 30 Location: Portland, Oregon Projected 2007 sales: $20 million-plus www.jivesoftware.com