THE CLASS OF 2018

Forbes - - Fact & Comment - ERNEST GAR­CIA II BRADLEY JACOBS

THE AD­MIS­SION CUT­OFF for this year’s Forbes 400 is a record $2.1 bil­lion, yet 15 peo­ple sur­mounted it to earn their first-ever spot among the rich­est Amer­i­cans. En­trepreneurial spirit reigns, too: All but three are self-made. Shares of the e-com­merce site Way­fair, founded by Ni­raj Shah (above) in 2002 with his Cor­nell class­mate and fel­low Forbes 400 new­comer Steve Co­nine (right), have soared nearly 80% in the last year. The duo got started hawk­ing stereo racks and stands be­fore ex­pand­ing metic­u­lously into other mar­ket niches. Way­fair now car­ries more than 10 mil­lion prod­ucts, with a fo­cus on home fur­nish­ings.

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