Why This Billionaire, 30, Still Wears Clothes From Shein, Drives A Honda
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Lucy Guo, a college dropout and co-founder of Scale AI, embraces a frugal lifestyle even after becoming a billionaire.
At 30, tech entrepreneur Lucy Guo has officially surpassed pop icon Taylor Swift to become the world's youngest self-made billionaire. Her achievement highlights the growing influence of innovation and startup success in shaping today's wealth.
Despite her impressive $1.3 billion net worth, as estimated by Forbes, the 30-year-old college dropout is known for her frugal mindset and avoids unnecessary spending.
In an interview with Fortune, Lucy Guo revealed that most of her wardrobe consists of free clothes or fast fashion, with only the occasional designer piece. She still drives a Honda Civic and opts for commercial flights, staying grounded despite her billionaire status.
'I don't like wasting money," the 30-year-old told Fortune, explaining that most of her outfits are either free or bought from Shein.
'Some of them aren't great quality, but there are always a couple of pieces that work well—and I just wear those every day," she said.
Lucy Guo's frugal lifestyle extends far beyond fashion. Despite being a billionaire based in Miami and Los Angeles, she gets around in an old Honda Civic and avoids private jets, only opting for business class on long flights.
'I still literally buy buy-one-get-one-free on Uber Eats," she also told the publication. 'My assistant drives me in a pretty old Honda Civic. I don't care," she mentioned. She believes flashy spending often stems from insecurity.
'The ones wasting money on designer clothes, luxury cars, and the rest—they're usually just millionaires trying to look successful in front of their billionaire friends," Guo explained.
Lucy Guo is an American tech entrepreneur and social media personality best known as the co-founder of Scale AI, a leading artificial intelligence startup. She launched the company in 2016 at just 21 years old, after dropping out of Carnegie Mellon University, where she studied computer science.
Before venturing into the startup world, she gained experience through an internship at Facebook. Although Lucy Guo was ousted from Scale AI in 2018 following a disagreement with her co-founder and CEO Alexandr Wang, she retained an estimated 5 per cent ownership in the company.
As Scale AI's valuation soared, that stake catapulted her into the billionaire club. Today, at 30, she holds the title of the world's youngest self-made billionaire—a testament to how early ambition and smart equity decisions can shape extraordinary success, even in the face of setbacks.
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