How much is Alexandr Wang’s net worth? Inside the fortune of Forbes‘ youngest billionaire and founder of Scale AI.
In the early months of 2022, Forbes declared a 25-year-old college dropout a self-made billionaire. Through the publication, the world got to hear of Alexandr Wang, the CEO, and co-founder of Scale AI.
Scale AI is currently worth $7.3B. Scale accelerates its customers’ AI development by democratizing access to intelligent data (companies using Scale include Lyft, Cruise, and nuTonomy).
Having known of Wang and his company, Scale AI, many would want to know more about the CEO and how much exactly he is worth. Read on to find out more.
Who is Alexandr Wang?
Alexandr Wang is the CEO of Scale AI, the startup he cofounded in 2016 to help companies put their raw data to work for AI and machine learning.
The California-based outfit helps some 300 clients, including General Motors and Flexport, on projects like autonomous driving and supply chain efficiency.
Wang, just 25, is the world’s youngest self-made billionaire; he owns an estimated 15% of Scale, which was valued by investors at $7.3 billion in 2021.
The New Mexico native landed full-time engineering jobs in Silicon Valley at age 17 with fintech Addepar and then question-and-answer site Quora.
At age 19, after a brief stint at MIT to study machine learning, Wang dropped out to attend the Y Combinator accelerator and launch Scale.
Wang, the son of weapons physicists, grew up in Los Alamos, New Mexico, the sleepy town where the U.S. developed its first atomic bomb during World War II.
He entered his first math contest in 6th grade intent on winning a trip to Disney. He did – and later competed in physics Olympiads and science bowls.
He entered his first math contest in 6th grade intent on winning a trip to Disney. He did – and later competed in physics Olympiads and science bowls.
What is Scale AI?
Scale accelerates its customers’ AI development by democratizing access to intelligent data (companies using Scale include Lyft, Cruise, and nuTonomy).
Scale’s technology analyzes satellite images much faster than human analysts to determine how much damage Russian bombs are causing in Ukraine. Scale AI 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
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.”
Alexandr Wang Profile Summary
- Age: 25
- Source of Wealth: artificial intelligence, Self Made
- Residence: San Francisco, California
- Citizenship: United States
- Marital status: single
- Education: Drop Out, Massachusetts Institute of Technology
- Net Worth: $1 Billion
What is the net worth of Alexandr Wang?
Alexandr Wang is an American Entrepreneur and businessman. He is the youngest self-made billionaire in the world who founded Scale AI at the age of 19.
Now Wang, 25, is the youngest self-made billionaire. He is worth exactly $1 billion as reported by Forbes. Of the world of billionaires, Wang is the number 2459 richest person.
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).
