The youngest billionaire recommends dropping out of college

Ostin Russell, the youngest billionaire in the world who self-made his fortune, recently responded "Absolutely!" to CNBC's question about whether he would recommend entrepreneurial students to drop out of college and formal education.

Russell dropped out of Stanford University in 2012 and founded the laser technology company Luminar Technologies at the age of 17. He had previously received a $100,000 grant from the Peter Thiel Fellowship foundation. His company, a technology startup developing hardware and software for autonomous vehicles, is currently valued at $2.6 billion. Russell stated in an interview with CNBC that he would have dropped out of college even if he hadn't received funding to start the company.

This young billionaire claims that everything taught in college is now available on the internet.
 
"In my early teenage years, I could watch a whole bunch of Stanford and MIT applied physics lectures online at 2X or 3X speed. You can go through entire syllabuses and curriculum and yearly courses within a few weeks if you follow along closely. There are so many ways to acquire knowledge," he continues.

Although statistics show that college graduates still earn more than those who do not have a degree, the fact is that today's availability of information on the internet enables everyone to acquire knowledge and skills that will provide them with a means of livelihood. All you need is access to the internet, and you can watch lectures from some of the world's top universities or, for a small fee, enroll in certified online courses in various fields.

The digital age truly enables anyone who is persistent and determined to quickly master skills that will enable them to sustain themselves, or even earn above-average income.