Young Lucy Guo, previously dismissed from her job, now stands as the globe's youngest self-made tycoon; a testament to her wealth-generating prowess.
Youngest Billionaire in the Game: Lucy Guo Outshines Taylor Swift
At just 30 years old, Lucy Guo has taken the title of the world's youngest self-made billionaire from U.S. popstar Taylor Swift. This impressive feat was reported by U.S. magazine "Forbes".
This tech titan is the co-founder of Scale AI, a California-based AI company that supplies data for AI applications. Although she left the company, her contributions helped Scale AI reach a valuation of $25 billion[1].
Born and raised in the San Francisco Bay Area to Chinese immigrant parents, Guo showed an early keenness for technology. She started programming in middle school and majored in computer science and human-computer interaction at Carnegie Mellon University in Pennsylvania. Leaving college early, she received a Thiel Fellowship, a prestigious grant worth $100,000, from PayPal co-founder Peter Thiel, encouraging young entrepreneurs to start their businesses[2].
From Fired to Billionaire
Guo co-founded Scale AI with Alexandr Wang in 2016. Wang served as CEO while Guo led the operations and design teams. Both made it onto the Forbes 30 Under 30 list in 2018, but disagreements regarding company leadership led to Guo's dismissal[1]. However, her significant stake in the company has allowed her to reap its rewards, with Scale AI completing a tender offer that will reportedly finalize by early June[1].
With this new valuation, Guo's net worth has soared to an estimated $1.3 billion[1], making her the youngest self-made billionaire in the world. Prior to this, Taylor Swift held the title as officially declared by "Forbes" at the end of 2023[1].
Entrepreneur Extraordinaire
Post her departure from Scale AI, Guo hasn't slowed down. She later launched Backend Capital, a venture capital firm investing in early-stage companies, and Passes, a platform similar to Patreon or OnlyFans[1]. Passes has already signed deals with celebrities like Olivia Dunne, Shaquille O'Neal, and DJ Kygo[1]. The company has raised $50 million from investors[1].
Guo's successful ventures stem from her commitment to the FIRE (Financial Independence, Retire Early) movement, emphasizing strategic savings and investments[4]. She is one of six self-made female billionaires under 40 and the youngest ever to achieve this status[1][4].
[1] - Forbes[2] - Financial Times[3] - Business Insider[4] - CNBC[5] - Fast Company
- What's the secret behind Lucy Guo's billionaire status? Her deep-rooted passion for technology and strategic investments.
- Lucy Guo, the 30-year-old co-founder of Scale AI, outshines Taylor Swift, taking the title of youngest self-made billionaire from the U.S. popstar, as reported by Forbes.
- After being fired from Scale AI, Guo didn't let it slow her down. She established Backend Capital and Passes, the latter being a platform similar to Patreon or OnlyFans.
- Guo's companies have already secured impressive deals with celebrities like Olivia Dunne, Shaquille O'Neal, and DJ Kygo, raising $50 million from investors.
- With her significant stake in Scale AI, Guo's net worth soared to an estimated $1.3 billion, making her the youngest self-made billionaire in the world.
- Guo's success can be attributed to her commitment to the FIRE movement, focusing on financial independence, retirement, and strategic investments.
