Lucy Guo: Youngest Self-Made Female Billionaire at 30
Tech entrepreneur Lucy Guo has become the youngest self-made female billionaire at just 30 years old, beating pop star Taylor Swift in that category. She’s now listed among the top five self-made women entrepreneurs under 40 by Forbes.
Lucy co-founded an AI company called Scale AI, which is expected to reach a $25 billion valuation after a special deal set for June 1. This deal will allow former employees and investors to sell some of their shares. If the deal goes through, Lucy’s net worth could rise to about $1.3 billion. Just a year ago, Scale AI was valued at $13.8 billion — an 80% jump in one year.
Even though Lucy left Scale AI in 2018, she still owns about 5% of the company. After leaving, she started a venture capital firm called Backend Capital, which invests in talented engineers. She’s also the founder and CEO of Passes, a company that helps content creators make money online.
What Does Scale AI Do?
Scale AI helps organize and prepare data for companies to build AI models. In today’s AI-driven world, their work is seen as essential — like selling tools during a gold rush. Their big clients include the U.S. government and OpenAI.
Who is Lucy Guo?
Lucy Guo studied computer science but dropped out before finishing. She worked at Quora (where she met her Scale AI co-founder Alexander Wang) and briefly at Snapchat. In 2016, when she was just 21, she and Wang started Scale AI. Wang became the CEO, while Lucy led the operations and design teams.
In 2018, both were featured in Forbes’ 30 Under 30. But after some disagreements with Wang, Lucy left the company. She never sold her shares, which have grown in value as Scale AI has become more successful.
Today, Forbes estimates her net worth at $1.25 billion — and that number could go up soon.
Highlights:
- Lucy Guo, 30, becomes youngest self-made female billionaire, surpassing Taylor Swift.
- Founder of Scale AI, now valued at $25B, up 80% from $13.8B in a year.
- Scale AI deal on June 1 allows ex-employees, investors to sell shares.
- Guo’s wealth estimated at $1.3B, owning 5% of Scale AI shares.
- Co-founded Backend Capital, now CEO of Passes for content creator tools.
- Scale AI organizes data for machine learning, serving U.S. government, OpenAI.
- Guo left Scale AI in 2018 after disputes, started new ventures.
If you like the article share it.
Send Your Article (English, Odia or Hindi) for Opinion Page: editor.theeasterntimes@gmail.com
Feel free to reach out to us. We’re always here to help and support: https://theeasterntimes.com/contact-us/
Also connect with us on social media platform X: https://x.com/times_555
Leave a Reply