University dropout surpasses Taylor Swift as world’s youngest self-made billionaire

Lucy Guo's net worth sits at around $1.3b

At 30 years old, that moniker now belongs to Carnegie Mellon University dropout Lucy Guo, whose 5% stake in Scale AI lifts her estimated net worth up to $1.3 billion according to Forbes.

Scale AI is a data annotation firm that provides labelled data used to train artificial intelligence apps, and she co-founded the company alongside Alexandr Wang in 2016 before being fired two years later.

"I think we're about to see a lot more entrepreneurs be women and valuations grow at a tremendous rate," Guo told the aforementioned publication. "I wouldn't be surprised if someone else took the title next year, but it's really exciting to see.

"I still live a very frugal lifestyle. For lunch I get 'buy one get one free' all the time or like, the 50%-off deals. But the one day I decide I need a private jet, maybe I'll sell some shares, but at the moment I'm very happy flying commercial."

As for the record's previous title-holder, Guo said Swift has "always struck me as someone that's very pro-woman and wants other people to win".

She added: "I am a huge fan of her, I think she's an icon."

The Chinese-American's other business ventures include OnlyFans rival Passes, although earlier this year she was sued by a content creator claiming that the platform distributed sexually abusive material of her when she was young.

Elsewhere in Swiftie territory, the 35-year-old pop sensation has finally bought the masters to six of her albums from Shamrock Capital after a battle lasting as many years.

She's now the owner of these albums and their associated visual artwork.

"To say this is my greatest dream come true is actually being pretty reserved about it," Swift shared in a statement.