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Daily Tribune
21 hours ago
- Business
- Daily Tribune
Who Is Lucy Guo, the Youngest Self-Made Female Billionaire in the World?
Lucy Guo, a 30-year-old tech entrepreneur and investor, has become the world's youngest self-made female billionaire, surpassing music icon Taylor Swift in the process. With an estimated net worth of $1.3 billion, Guo's rise to the top is a remarkable tale of innovation, risk-taking, and persistence. Born in Fremont, California to Chinese immigrant parents, Guo showed an early aptitude for technology. As a child, she taught herself to code, eventually earning money by developing bots for online games. She enrolled at Carnegie Mellon University to study computer science but left after being selected for the prestigious Thiel Fellowship, which encourages young talents to forgo formal education in favor of entrepreneurial pursuits. Guo's breakthrough came in 2016 when she co-founded Scale AI, a data-labeling company that became foundational to the growth of artificial intelligence technologies. Although she left the company in 2018 following internal disagreements, Guo retained nearly 5% equity. With Scale AI's recent valuation reaching $25 billion, that stake alone accounts for a significant portion of her wealth. After her departure from Scale AI, Guo co-founded Backend Capital, a venture capital firm that has backed several successful startups. She then launched Passes in 2022, a creator-focused platform that helps influencers monetize fan interactions using AI-driven features. The company has since attracted high-profile names and raised $50 million across multiple funding rounds, achieving a valuation of $150 million. Despite her accomplishments, Guo has faced controversy. Passes is currently the subject of a class-action lawsuit involving allegations of inappropriate content monetization. The company has firmly denied all accusations, calling the claims baseless. Guo is known for her vibrant lifestyle and tireless work ethic, often working from early morning until midnight. She credits her productivity to efficiency, team collaboration, and regular exercise. Despite her financial success, Guo insists she doesn't feel she has 'made it,' and continues to seek new ways to innovate and lead. From college dropout to billionaire tech founder, Lucy Guo's story is emblematic of a new generation of entrepreneurs reshaping the global economy — not only through technology but also through bold, often unconventional paths to success.
Economic Times
24-04-2025
- Business
- Economic Times
Taylor Swift just lost her crown: This college dropout becomes the youngest self-made woman billionaire under 40; who is she?
Lucy Guo, a 30-year-old tech entrepreneur, now holds the title of the world's youngest self-made female billionaire. Forbes reports this change. Guo co-founded Scale AI. Her stake in the company made her fortune. Taylor Swift achieved billionaire status in October 2023. Swift's wealth came from music and touring. Guo also launched Backend Capital and Passes. Tired of too many ads? Remove Ads How Lucy Guo Made Her Fortune Guo's New Ventures Tired of too many ads? Remove Ads A College Dropout Becomes a Billionaire Taylor Swift's Billionaire Journey FAQs 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 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 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 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 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 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 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 named Lucy Guo as the official youngest self-made female co-founded Scale AI, which is now valued at $25 billion, and she retains a 5% stake in the company, as per Forbes.
