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Does Alexandr Wang lead the new generation of tech billionaires?

The trajectory of one of the technology leaders in the future

by Nvindi
14 June, 2022 - Updated on 26 August, 2022
in Career Path
Alexandr Wang

Alexandr Wang has already been considered by Forbes magazine as the youngest billionaire in the world to create his fortune. For many, he is the spearhead of a new generation of technology billionaires who have come to displace the names already known to all.

However, being a young person who has been in the market for a short time, not much is known about his trajectory. Let’s try to find out more.

Contents

  • Where does it come from?
  • Scale the new unicorn of the technology market

Where does it come from?

Today Alexandr Wang is 25 years old, and his fortune is already estimated at billions of dollars.

From an early age, the son of immigrants showed great interest in technology and programming. On several occasions, he has stated that he came to programming out of the conviction that it served to improve what his parents had already started and as a conviction that through programming, many aspects of life can be improved.

As with some of the best-known digital billionaires, Wang also abandoned his university studies shortly after starting them. However, MIT helped him develop the idea that ultimately led him to success.

The anecdote of this idea is not to be missed: the now multimillionaire, then a student, thought that one of his roommates was stealing food from the fridge. To track him down, he installed a camera that constantly recorded what was happening in the refrigerator. Also, he thought it might be a good idea to monitor the data flow on the need to buy and replenish products.

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He did not succeed in locating the thief, but through the idea of organizing the data from many hours of recording, Scale’s project was born.

Scale the new unicorn of the technology market

At the age of 19, he decided to found Scale. The company focuses on data processing and artificial intelligence with a strong focus on optimizing the processing of large amounts of data.

The company’s success is such that companies in fields as diverse as technology, industry, and food have already relied on their resources. Cases such as General Motors, a Scale customer, are paradigmatic of how large companies fit this type of solution, allowing them to make decisions based on a better understanding of the data.

The company has surpassed a valuation of close to $8 billion. Wang’s shareholding percentage is around 15%, which makes the valuation of this young entrepreneur’s fortune exceed $1,000,000,000,000.

But moreover, according to all analysts, we are facing one of those cases of a technology entrepreneur of great projection. Will he surpass Elon Musk? We are still far from knowing, but he is certainly one of those technological players we will have to consider in the coming years.

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