"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."
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.
Read at Entrepreneur
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