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The New Youngest Self-Made Billionaire In The World Is A 25-Year-Old College Dropout | Forbes



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When Massachusetts Institute of Technology dropout Alexandr Wang made the Forbes 30 Under 30 Enterprise Technology list in 2018, his startup Scale used artificial intelligence to begin automating tasks like image recognition and audio transcription. Back then, its customers included GM Cruise, Alphabet, Uber, P&G and others

Now Wang, 25, is the youngest self-made billionaire. And while he still partners with buzzy companies, today he’s got $350 million in government defense contracts. This has helped Scale hit a $7.3 billion valuation, and give Wang a $1 billion net worth (as he owns 15% of the company).

Scale’s technology analyzes satellite images much faster than human analysts to determine how much damage Russian bombs are causing in Ukraine. It’s useful not just for the military. More than 300 companies, including General Motors and Flexport, use Scale, which Wang started when he was 19, to help them pan gold from rivers of raw information—millions of shipping documents, say, or raw footage from self-driving cars. “Every industry is sitting on huge amounts of data,” Wang says, who appeared on the Forbes Under 30 list in 2018. “Our goal is to help them unlock the potential of the data and supercharge their businesses with AI.”

Read the full story on Forbes: https://www.forbes.com/sites/colehorton/2022/05/25/the-new-youngest-self-made-billionaire-in-the-world-is-a-25-year-old-college-dropout/?sh=180cf292494b&utm_source=newsletter&utm_medium=email&utm_campaign=under30&cdlcid=5cc06ab31802c8c524853545

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40 thoughts on “The New Youngest Self-Made Billionaire In The World Is A 25-Year-Old College Dropout | Forbes
  1. The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

  2. We work for years just to have a $1million, while some people put thousands of dollars in some meme coins and they're millionaires.

  3. Two things are going to happen to this kid: The first one is at his company loses the curve and is wiped out by the wave of innovation. The second is that he's a fraud. Considering it's Forbes magazine my guess is going toward the latter. 😅

  4. I was skeptical but he makes really really valid points without marketing them — which I think is the purest form of entrepreneurship. When your product is just good on its own…

  5. What an inspiring young man. These men and women are the future. These are the forward thinkers that help create a future we can be excited about. The future is bright if we have people like Mr. Wang in it.

  6. why do companies always bait with titles like this, this dude is a MIT dropout, not a community college dropout

  7. Cool, another self-made billionaire under 30 on the cover of Forbes. We all know how that's gonna end right?

  8. To those of us feeling cheated by life, here are three things to keep in mind:

    1. It is not about the hand you've been dealt with, but rather how you choose to play your cards.

    2. Scarcity mindset is a symptom of affluence. Those living in true scarcity (AKA the ~80% of humanity dwelling in mud huts and sifting through polluted landfills for food scraps) have no choice but to adopt an abundance mindset in order to survive their harsh, physical environment.

    3. Those of us to whom more was given are expected to give more; those of us to whom less was given are expected to give less. Jealousy (aka repressed desire) acts as an internal compass towards which areas of life you need to grow in. As you continue to upgrade, however, so do your problems!

    All in all, life expects of us but one thing: To continue to evolve ourselves and leave humanity slightly better off than when we came into being. 

    That is all. <3

  9. Deigning them to understand and convey truth. That's all that is needed.

    The developers restricting, limiting, and censoring AI is not the way.

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