(NEXSTAR) – Lucy Guo has amassed more wealth than Rihanna, Madonna and Beyonce, according to a new Forbes ranking, but you're far less likely to have heard of her.
Guo has a net worth of $1.3 billion thanks to her business ventures in artificial intelligence. She cofounded the startup Scale AI when she was just 21, Forbes writes. Even though she left the company, she maintained her 5% stake in the company – and that's about to pay off big time.
Scale AI is now valued at $25 billion and was seeking a tender offer, which would allow stakeholders to sell shares.
Lucy Guo attends the 2022 Forbes 30 Under 30 Summit at Detroit Opera House on October 03, 2022 in Detroit, Michigan. She was recently named the youngest self-made billionaire woman in a new Forbes ranking. (Photo by Taylor Hill/Getty Images)She's not the richest "self-made" woman on Forbes' list, but she is the youngest to achieve billionaire status on the list. Guo is 30 years old. Previously, Taylor Swift, 35, was ranked as the youngest self-made billionaire.
"I don’t really think about it much, it’s a bit wild. Too bad it’s all on paper haha," Guo reportedly said via text to Forbes when they informed her of her ranking.
Guo attended Carnegie Mellon to study computer science but dropped out before graduating. She then became a fellow under billionaire Peter Thiel, the venture capitalist and co-founder of PayPal.
After leaving Scale AI, Guo started a venture capital firm of her own, according to Forbes. That firm made a couple of smart investments, further contributing to her net worth.
Guo has also founded her own company, Passes, a platform for online content creators that has been compared to OnlyFans.
Guo grew up in the Bay Area of California, and now splits her time between Los Angeles and Miami, according to Realtor. She reportedly owns a luxury condo in Miami and a modern home in L.A. – each worth millions.
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