Alexandr Wang: Who is the youngest self-made billionaire in the world?

Overtaking Jeff Bezos and Elon Musk, there's an ambitious new technology on the horizon, and Gen Z guy Alexandr Wang's company is worth $7.3 billion, even though he's only 25 years old.

Alexandr Wang, tech entrepreneur and CEO founder of Scale AI, recently made global headlines by becoming the world's youngest self-made billionaire at the age of 25.

So who exactly is this young Asian-American billionaire and how has he made his fortune? Let's find out together.

Alexandr Wang dropped out of college to start a company

Alexandr Wang met co-founder Lucy Guo while both working at Quora.

Wang began her bachelor's degree in Mathematics and Computer Science at the Massachusetts Institute of Technology (aka MIT). In the summer after completing his freshman year at a prestigious New England university, he started Scale with Lucy Guo, a young tech friend.

According to Forbes, the two co-founders met while both working at the question-and-answer platform Quora. The business duo started their business with capital from the US startup support company Y Combinator.

At the start of Scale, Wang told Forbes: " I told my parents that this was just something I did over the summer... Obviously, I never went back to school."

Alexandr Wang owns a net worth of 1 billion US dollars

Alexandr Wang quit MIT for success reasons after succeeding with his AI-based business and he is now generating US$100 million in revenue.

Last year, Wang's company received an investment grant of about $350 million. This financial backing, coupled with the fact that Scale reached $100 million in sales, valued the young entrepreneur's company at $7.3 billion.

Thanks to his 1% stake in the company, Forbes has therefore estimated that his net worth is now US$1 billion. Not too bad for a 25 year old. In fact, at the moment, Alexandr Wang is ranked 2,534th in the Forbes list of world billionaires.

Alexandr Wang comes from a scientific family

Alexandr Wang grew up in New Mexico.

This young billionaire's prowess in science and technology is probably due in part to his family background. Growing up in New Mexico, Wang's parents were both physicists working on projects for the US military, according to Prestige.

Apparently, Alexandr Wang had inherited a strong mind, Wang regularly participating in math and coding competitions at school. By age 17, when most high schoolers were likely preparing for the journey to college and beyond, Wang was coding full-time for Quora.

Alexandr Wang has been featured on Forbes

Before achieving the remarkable title of the youngest self-made billionaire on the planet, Wang was named to the Forbes 30 under 30 list in 2018. The annual list showcases young emerging entrepreneurs, stars, thought leaders and bright minds in a wide range of industries and fields.

Wang and his Scale co-founder, Lucy Guo, were shortlisted in the Enterprise Technology category.

Alexandr Wang's technology is used by more than 300 companies

Alexandr Wang is on the left with colleagues at the company Scale AI he founded.

According to Scale's "about" page on their company website, the organization has the goal of "accelerating the development of AI applications".

According to Fortune, Scale AI helps businesses deal with the data preparation needed to train AI systems. As the largest player in the field, its usefulness spans many industries, from government and self-driving cars, to mapping, robotics, virtual reality and the military.

A young Gen Z-led startup deserves a stylish Gen Z workspace.

Scale is giving away its technology for free to help analyze satellite images of the impact of Russian military operations and attacks in Ukraine.

As Wang told Forbes: "Every industry uses massive amounts of data... The goal of [Scale] is to help them unlock the potential of data and drive their business with AI. ."

Alexandr Wang's Scale AI has done it - scaled - to epic proportions.

Scale's technology is so successful and valuable that its impressive service has been used by more than 300 companies and organizations. Some of the big names using Wang's technology include General Motors, PayPal, Toyota, SAP, Lyft and the US military.

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