Lucy Guo reached a $1.3 billion net worth in April and is the world's youngest female billionaire at age 30. Her wealth stems from Scale AI, the data-labeling startup she co-founded in 2016; Meta invested $14.3 billion for a 49% stake, valuing the company at $29 billion. Guo left Scale AI in 2018 but retains nearly a 5% stake now worth about $1.25 billion. Guo keeps frugal habits such as reserving and cancelling flights for Amex lounge access, riding UberX, comparing food prices, and buying inexpensive clothing. She also purchased a $29.5 million Hollywood Hills mansion earlier this year.
"Guo told CNBC on Wednesday that she remains "frugal," admitting that she has done things like reserve flights at the airport and cancel them later so she could have a meal for free in the Amex lounge. She also rides UberX, the budget-friendly, low-cost version of Uber, and compares prices for food before buying something to eat. Her closet consists mainly of $10 pieces from stores like Shein."
"Guo's fortune was built via Scale AI, the AI data labeling startup she co-founded with Alexandr Wang in 2016. Meta made a $14.3 billion investment in Scale AI in June, acquiring 49% of the startup and allowing the company to achieve a $29 billion valuation. Though Guo left Scale AI in 2018, she has held onto a nearly 5% stake in the company, which has grown to be worth $1.25 billion."
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