A 26-year-old Pakistani entrepreneur has joined the ranks of the world’s wealthiest people after the rapid success of his artificial intelligence company, Cursor.
Sualeh Asif, who was born in Karachi, has been included in the latest Forbes Billionaires List with an estimated real-time net worth of $1.3 billion.
According to Forbes, Asif is ranked 2,919 on the global rich list. His fortune is equal to around Rs362 billion. The achievement places him among the youngest self-made billionaires in the growing international technology sector.
Asif co-founded Cursor with fellow students from the Massachusetts Institute of Technology. The company created an AI-powered coding assistant designed to help software developers write, edit and improve computer code more quickly and efficiently.
The company has grown at remarkable speed. Reports say Cursor has reached a valuation of $29.3 billion after raising $2.3 billion in investment through a funding round led by Accel and Coatue Management. Each co-founder is believed to hold a fortune of about $1.3 billion.
Cursor is also said to generate more than $1 billion in annual revenue. Its platform is used by millions of developers across nearly 50,000 businesses, including major technology names such as Nvidia, Adobe, Uber and Shopify.
