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Yahoo CEO Marissa Mayer First Female to Top Annual 40 Under 40 List

Twitter’s Jack Dorsey also beats Facebook’s Mark Zuckerberg on Fortune Magazine’s yearly rankings

Fortune magazine released its annual list of the top 40 business stars under 40 — and a woman made the number one spot for the first time in the list’s short five-year history.

The list was largely dominated by tech industry titans. Yahoo president and CEO Marissa Mayer took the top spot from Google CEO Larry Page, who aged out of the list. She was number three in 2012. Under Mayer, Yahoo’s stock has risen by 86 percent. And in July, the Yahoo sites beat Google in American non-mobile web traffic for the first time since 2011.

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Twitter’s co-founder and executive chairman Jack Dorsey (who is also the co-founder and CEO of Square) took the number two spot away from Facebook’s Mark Zuckerberg, who fell to three. It’ll be interesting to see how Dorsey and Zuckerberg match up next year once both Twitter and Facebook are public companies.

Executives from Facebook and Yahoo’s acquisitions also made the list; Tumblr founder and CEO David Karp came in at 24, while Instagram’s CEO and co-founder Kevin Systrom tied with Pinterest’s CEO and co-founder Ben Silbermann for 11. At 27 years old, Karp was also the youngest member of the list.

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Indiegogo’s co-founders Danae Ringelmann, Slava Rubin and Eric Schell also made the list at number 34. Though Indiegogo was founded a year before the more well-known Kickstarter, Fortune pointed out, it’s nearly doubled the number of campaigns launched in the last year, possibly thanks to high-profile stars like James Franco using the service. Kickstarter’s co-founders, who were 21 on Fortune’s 2012 list, didn’t make this year’s cut.