Young Lucy Guo, previously let go from her job, now stands as the globe's youngest self-made billionaire - unveiling her path to fortune.
Lucy Guo, a 30-year-old phenom, Tops the Chart as Youngest Self-Made Billionaire Worldwide
Before Lucy Guo snatched the crown, Taylor Swift held the title of the youngest self-made billionaire in the world. But that was last year, at least according to Forbes. Now, this 30-year-old entrepreneur has taken the throne, shattering Swift’s record.
Guo, a co-founder of Scale AI, later ventured into establishments like Backend Capital and the online platform Passes. From her origins in the San Francisco Bay Area as the daughter of Chinese immigrants, Lucy Guo kickstarted her programming journey in middle school. Her educational background includes computer science and human-computer interaction at Carnegie Mellon University, but she left college early to establish Scale AI.
Guo's journey with Scale AI commenced in 2016, when she founded the AI data provider company alongside 19-year-old Alexandr Wang. Wang served as CEO while Guo governed the operations and design teams. Later in 2018, both founders made it onto the Forbes 30 Under 30 list. The company had its fair share of turbulence as Wang reportedly dismissed Guo due to disagreements about business leadership. Regardless, Guo's shares yielded her a solid foundation, culminating in her new title as the world's youngest self-made billionaire.
Fast forward to this year, Scale AI is concluding a tender offer, permitting early investors to sell their shares to new or existing investors. With an estimated value of $25 billion, this development has significantly augmented Guo's wealth. Currently, Forbes approximates her net worth at $1.3 billion, leveraging her position as the youngest self-made billionaire globally.
Post her departure from Scale AI, Lucy Guo continued her entrepreneurial escapades. She ushered in Backend Capital, a venture capital firm, and Passes, an online platform akin to Patreon or OnlyFans where artists and celebrities connect with fans, who pay for virtual interactions and content. Notable figures like gymnast Olivia Dunne, basketball player Shaquille O'Neal, and DJ Kygo have signed deals with Passes. The company managed to raise $50 million from investors.
As Lucy Guo embarks on new ventures, her dedication to the Financial Independence, Retire Early (FIRE) movement plays a significant role in her investment strategies. Her early career was marked by brief stints at companies like Facebook, Snapchat, and Quora. With a substantial fortune amassed from her technological and AI ventures, Lucy Guo stands victorious in channeling her ambitions toward innovative projects.
- What about the young age at which Lucy Guo became a billionaire? Remarkably, she is the youngest self-made billionaire globally, surpassing Taylor Swift who previously held the title.
- Speaking of Lucy Guo's ventures, apart from Scale AI, she also co-founded Backend Capital and Passes, an online platform similar to Patreon or OnlyFans.
- Regarding her education, Lucy Guo studied computer science and human-computer interaction at Carnegie Mellon University, a choice that has proven instrumental in her tech startup successes.
- Interestingly, Lucy Guo left Scale AI after certain disagreements with the CEO, Alexandr Wang, but her shares from the company have significantly contributed to her recent valuation of over $1 billion.
- In terms of future plans, Lucy Guo's investment strategies are deeply influenced by the Financial Independence, Retire Early (FIRE) movement, suggesting that she plans to continue growing her fortune in the realm of technology and business.
