Siliconaires

DEFINITION of 'Siliconaires'

Slang referring to young dotcom entrepreneurs in their 20s and 30s who found themselves suddenly rich due to stock options from their Silicon Valley Internet companies.

BREAKING DOWN 'Siliconaires'

With the dotcom boom and the rise in stock price of many different high-tech companies, many people working in or associated with Silicon Valley quickly found gains in wealth.