Serial entrepreneur turned billionaire Lucy Guo shared that growing up with frugal parents motivated her to start hustling from the early days of her childhood.
The thirty-year-old was recently named Forbes’ youngest self-made billionaire with a net worth of $1.3 billion, after her first business, Scale AI, was acquired by tech giant Meta in a deal that valued the AI data labelling company at $25 billion.
The young entrepreneur is currently the founder of content creator monetization platform Passes, launched in 2022. She also founded a venture capital firm, Backend Ventures, in 2019, which invests in early-stage tech startups.
Guo’s roots go back to Fremont, California, where she grew up with Chinese immigrant parents.
“I think my parents always emphasized the importance of education and money, so on the education side, I was definitely forced to have good academics. They threw me into Abacus competitions,” Guo told CNBC Make It.
