Taylor Swift has been unseated because the world’s youngest self-made feminine billionaire, in accordance with Forbes — by a 30-year-old, hard-partying faculty dropout who has reaped a windfall from the bogus intelligence increase.
Lucy Guo — a self-professed workaholic who rides an electrical skateboard to work when she’s not being chauffeured by an assistant — has a internet price of $1.3 billion, in accordance with Forbes’ record of America’s Richest Self-Made Girls launched on Wednesday.
Guo took Swift’s title of world’s youngest self-made lady billionaire in April, when it was reported that Scale AI — the agency she co-founded with Alexandr Wang in 2016 when she was simply 21 and he was 19 — had been valued at $25 billion in a deal set to shut by June 1.
The tender supply has not been finalized but, however it’s anticipated to shut at that valuation in a number of weeks, a supply aware of the matter advised The Put up.
The daughter of Chinese language immigrants, Guo was raised within the San Francisco Bay Space, the place she rapidly picked up coding in center college. She dropped out of Carnegie Mellon College as she clinched a $100,000 entrepreneurial scholarship bankrolled by billionaire investor Peter Thiel.
She took a job in 2015 at Quora, the place she met Wang, and later labored at Snapchat for a quick interval as the corporate’s first feminine designer.
At Scale AI, Guo ran the operations and manufacturing design groups – till Wang, who took the chief govt place, reportedly fired her after the 2 sparred over how the corporate needs to be run.
“We had a difference of opinion but I am proud of what Scale AI has accomplished,” Guo advised the tech information website The Data final 12 months.
Nonetheless, Guo saved most of her 5% stake in Scale AI, which is price roughly $1.2 billion, in accordance with Forbes. The agency labels information utilized by tech giants like OpenAI and Alphabet to coach their chatbots.
With “a swanky apartment in Miami” and a home in Los Angeles, Guo has admitted she by no means buys groceries or cooks, as an alternative ordering all of her meals from Uber Eats.
She says she works at the least eight hours a day when on trip and has boasted about taking two Barry’s bootcamp health lessons a day. She steadily attends techno raves.
“A lot of people don’t like me because, honestly, I seem like an a–hole online. I would not like me on the internet,” she advised The Put up in 2022. “But I’ve made a lot of friends because I think people appreciate my savage personality.”
The Put up beforehand reported on her large assortment of Pokemon paraphernalia — together with slippers, stuffed animals, paintings and a Swarovski-crystal necklace.
She now runs Passes, a content material creation platform that has been dubbed the family-friendly model of OnlyFans and Patreon, claiming to “make millionaires” by permitting creators to carry onto 90% of their earnings.
Passes reaped $40 million final 12 months in a Collection A funding spherical, in accordance with Fortune — permitting Guo to fund her lavish party-girl way of life.
However now Passes and Guo are dealing with allegations that the platform allowed youngster pornography in a category motion go well with filed in February.
The bombshell go well with accuses Alec Celestin, an agent at Passes, and Lani Ginoza, the location’s director of expertise, of knowingly permitting sexually specific content material that includes OnlyFans mannequin Alice Rosenblum — who was underage on the time — to flow into on Passes.
“Guo personally intervened to override Passes’ strict internal safety controls tailored for creators of social media content aged between 15 and 17 years old to strip and deprive Plaintiff of any protections offered by Passes against the exploitation of a minor,” the criticism alleged.
Simply earlier than the go well with was filed, Passes banned all underage creators and wiped the location of their content material, in accordance with Forbes.
Legal professionals for Guo filed a movement in April to dismiss the go well with, which they slammed as a defamatory try and “pursue the ‘deep pockets’ of Passes, a successful startup, and its wealthy founder.”
“This lawsuit is part of an orchestrated attempt to defame Passes and Ms. Guo, and these claims have no basis in reality,” Rollo Baker of Elsberg Baker & Mauriri advised The Put up.
“Ms. Guo and Passes categorically reject the baseless allegations made against them in the lawsuit, which was only filed against them after they rejected a $15 million payment demand.”
In between founding Scale AI and Passes, Guo began a small funding agency referred to as Backend Capital.
Guo landed at No. 26 on Forbes’ record of America’s Richest Self-Made Girls, whereas Swift got here in at spot 21.
Swift nonetheless holds the title of world’s richest feminine musician with a internet price of $1.6 billion, after her blowout-success worldwide “Eras Tour” pushed her into billionaire standing in October 2023.
Diane Hendricks took the highest spot, with a $22.3 billion internet price because of her firm ABC Provide, one of many largest distributors of roofing, siding and home windows within the nation.
