{"id":128247,"date":"2025-11-10T18:23:12","date_gmt":"2025-11-10T18:23:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/128247\/"},"modified":"2025-11-10T18:23:12","modified_gmt":"2025-11-10T18:23:12","slug":"three-22-year-olds-just-became-the-youngest-self-made-billionaires-in-history-thanks-to-an-ai-hiring-startup","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/128247\/","title":{"rendered":"Three 22-Year-Olds Just Became The Youngest Self-Made Billionaires In History \u2014 Thanks To An AI Hiring Startup"},"content":{"rendered":"\n

Three 22-year-old high school friends are now the world’s youngest self-made billionaires, according to Forbes<\/a>. Their San Francisco-based artificial intelligence hiring startup, Mercor, recently raised $350 million in funding led by Felicis Ventures, valuing the company at $10 billion.<\/p>\n

Forbes estimates that each founder \u2014 Brendan Foody, Adarsh Hiremath, and Surya Midha \u2014 holds roughly 22% of the company, making their personal fortunes soar past the billion-dollar mark all before their 23rd birthday.<\/p>\n

The trio’s journey began long before Mercor. Foody, Hiremath, and Midha competed together on debate teams as children and shared an interest in technology from an early age. All three are Thiel Fellows<\/a>, a program founded by billionaire Peter Thiel that offers young entrepreneurs $100,000 grants to pursue business ventures instead of college.<\/p>\n

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Founded in 2023, Mercor originally aimed to connect engineers in India with U.S. companies for freelance coding work, Forbes reported. Along the way, the startup found a niche in AI data labeling, pairing expert contractors \u2014 including Ph.D.s, lawyers, and software engineers \u2014 with leading AI labs such as OpenAI<\/a>. This human-AI collaboration has become essential for training sophisticated AI models.<\/p>\n

Mercor’s platform automates recruitment with AI, screening applicants and matching them with companies in real-time. In the Mercor blog<\/a>, Foody wrote that the system evaluates resumes, portfolios, and even GitHub accounts, allowing companies to find candidates “within seconds” and manage payments directly through the platform. The approach has propelled Mercor’s revenue from $100 million in March to a $500 million annualized run rate by September.<\/p>\n

“While most new categories take time to build momentum, we’ve broken every growth record,” Foody posted on X<\/a>. He said that Mercor is paying out $1.5 million per day to experts they work with. To show a comparison of other startups in their first two years, he added that Uber paid around $1 million to drivers and Airbnb paid around $10 million to hosts.<\/p>\n

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At 22, Mercor’s founders beat Mark Zuckerberg, who became a billionaire at 23, to set a new record for youngest self-made tech billionaire. The title had changed hands several times in recent years, previously held briefly by Polymarket CEO Shayne Coplan and Scale AI cofounder Alexandr Wang, according to Forbes.<\/p>\n

Even within Silicon Valley’s fast-paced startup world, Mercor stands out for the youth of its leadership. Their rapid rise underscores both the growing demand for AI talent<\/a> and the impact of technology-driven labor marketplaces.<\/p>\n

The founders’ journey hasn’t been without hurdles. In September, Mercor was sued by Scale AI over alleged trade secret theft involving a former Scale executive. “It\u2019s not something we spend a lot of time thinking about,” Foody told Forbes.<\/p>\n

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Despite the pressures, the founders say they haven’t splurged on luxury items. Foody says he typically leaves the office at 10:30 p.m., six days a week, leaving little time for distractions outside the business.<\/p>\n

Mercor’s mission goes beyond recruitment. As AI continues to evolve, the startup envisions a new category of work where humans teach machines judgment, nuance, and context \u2014 skills AI cannot replicate alone. The platform allows professionals to offload repetitive tasks to AI while focusing on higher-value work, creating a symbiotic relationship between human expertise and AI.<\/p>\n

With their new billionaire status, Foody, Hiremath, and Midha are not just rewriting Silicon Valley<\/a> records \u2014 they’re redefining how human talent powers the AI economy.<\/p>\n

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Image: Shutterstock<\/p>\n

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This article Move Over Zuckerberg: Three 22-Year-Olds Just Became The Youngest Self-Made Billionaires In History \u2014 Thanks To An AI Hiring Startup<\/a> originally appeared on Benzinga.com<\/a><\/p>\n

\u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"Three 22-year-old high school friends are now the world’s youngest self-made billionaires, according to Forbes. Their San Francisco-based…\n","protected":false},"author":2,"featured_media":128248,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[78540,365,363,364,11346,78539,16049,897,15610,111,139,69,88911,78541,145,88912],"class_list":{"0":"post-128247","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-adarsh-hiremath","9":"tag-ai","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-billionaires","13":"tag-brendan-foody","14":"tag-forbes","15":"tag-mark-zuckerberg","16":"tag-mercor","17":"tag-new-zealand","18":"tag-newzealand","19":"tag-nz","20":"tag-peter-thiel","21":"tag-surya-midha","22":"tag-technology","23":"tag-thiel-fellows"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/128247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=128247"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/128247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/128248"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=128247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=128247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=128247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}