Taylor Swift just lost her crown: This college dropout becomes the youngest self-made woman billionaire under 40; who is she?
American singer and songwriter
Taylor Swift
, has officially lost her status as the world's
youngest self-made female billionaire
, as per a report. The title is now officially held by
Lucy Guo
, a 30-year-old
tech entrepreneur
, according to Forbes.
How Lucy Guo Made Her Fortune
Guo had co-founded
Scale AI
at the age of 21, and today, the company is valued at $25 billion, a remarkable 80% increase from its valuation of $13.8 billion just a year ago, as per the report.
However, in 2018, following a feud with her co-founder Alexandr Wang, Guo exited Scale AI, according to Forbes. But she retained about 5% stake in the company, and that move now has paid off, making her fortune an estimated $1.25 billion, reported Forbes.
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When she was asked about the accomplishment, Guo replied saying, 'I don't really think about it much. It's a bit wild,' as quoted in the report.
Guo's New Ventures
While Wang, who is 28-years-old now, is still the CEO of Scale, as per the report. Guo, meanwhile, launched two companies of her own; Backend Capital, a venture capital firm, and Passes, a platform for creators who have already inked deals with big names such as Shaquille O'Neal, Olivia Dunne, and DJ Kygo, reported Forbes.
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A College Dropout Becomes a Billionaire
According to the report, Guo is a college dropout, who is one of just six self-made women billionaires under 40 years-old, and the only one to hit that milestone after leaving the company that made her rich.
Taylor Swift's Billionaire Journey
While, Swift achieved billionaire status in October 2023, but unlike Guo, the Grammy-winning artist made the list mostly through her music and touring and not brand deals or business ventures, reported Forbes.
FAQs
Who is the current youngest self-made female billionaire?
Forbes named Lucy Guo as the official youngest self-made female billionaire.
How did Lucy Guo make her fortune?
Guo co-founded Scale AI, which is now valued at $25 billion, and she retains a 5% stake in the company, as per Forbes.
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