It doesn’t hurt that Russell has zero distraction from social media or time-sucking general education requirements of college and high school degrees. is not an easy pill to digest for many entrepreneurs. Austin Russell, 25, became the youngest self-made billionaire after taking Luminar, which builds lidar sensors for self-driving cars, public. Next came admission to Stanford to study physics, but that didn’t last long. The world's youngest self-made billionaire hopes to power every future self-driving … Its stock price rose nearly 28 percent on the day to close at $ 22.98, giving the company a market value of about $ 7.8 billion, the Wall Street Journal reported. Austin Russell is an American businessman and entrepreneur who is the CEO of the vehicle commercialization company Luminar Technologies. Austin Russell is the founder and CEO of Luminar Technologies. Currently world's youngest self … businessinsider.in. Save my name, email, and website in this browser for the next time I comment. Most driverless cars use laser sensors, or lidar, to map surroundings in 3-D and spot obstacles. But some cheap new sensors may not be accurate enough for high-speed use. I attended the University of Pennsylvania where I studied English and creative writing. The race to commercialize self-driving car technology has attracted billions of dollars of investment but not created many billionaires. Your email address will not be published. Austin Russell, 25, became the youngest self-made billionaire after taking Luminar, which builds lidar sensors for self-driving cars, public. After he went public with the company in December, Luminar Technologies became one of the investors’ major attractions. Russell’s abilities extend beyond the lab to the boardroom, according to Alec Gores, who helped arrange Luminar’s listing. Austin Russell, the founder and CEO of self-driving car startup Luminar, has become the world’s youngest self-made billionaire at 25. Luminar, an autonomous vehicle technology startup, is set to go public through a SPAC merger with Gores Metropoulos Thursday. Entrepreneur. Russell, who founded the company as a 17-year … Austin Russell is an engineer, entrepreneur, and LiDAR industry pioneer for Autonomous Vehicles. Russell’s 104.7 million shares, about a third of Luminar’s outstanding equity, was worth $2.4 billion at the close of Nasdaq trading on Thursday. On December 3, … Russell founded Luminar, which creates lidar sensors that help self-driving cars “see” the road, as a teenager. “When we were negotiating, he was so on top of everything, the small details. The 25-year-old is a college dropout who founded the company in 2012. Though he has no immediate plans for Bill Gates-like philanthropy, he sees his contribution as eradicating automobile accidents. . And of course it’s incredibly rewarding to have an opportunity to be able to get out there now and get into the public markets and scale through this IPO SPAC,” 25-year-old Russell tells Forbes in a video interview from his office in Palo Alto, California. Follow me on Instagram and Twitter at @iamsternlicht. Luminar is partnered with 7 of the top 10 global automakers and is set to power the introduction of highway self-driving and next-generation safety systems. Magicheader 15:20, 7 December 2020 (UTC) Keep If anything the article should be expanded. Luminar is currently valued at more than $3 billion. As a global leader in lidar autonomous driving technology, … December 4, 2020 - by Author. Russell is now the youngest self-made billionaire and one of just a dozen living people to become a self-made billionaire before 30, according to Forbes.He owns about one-third of Luminar’s outstanding equity and had an estimated net worth of $3.2 billion as of January 17. Luminar is partnered with 7 of the top 10 global automakers and is set to power the introduction of highway self-driving and next-generation safety systems. Austin Russell is Chairman/Pres/CEO/Co-Founder at Luminar Technologies Inc. See Austin Russell's compensation, career history, education, & memberships. Luminar is competing in that space with Velodyne, the early leader in lidar for autonomous vehicles, and newcomer Aeva, both of which are also going public via SPAC mergers. Russell, who’s also a Forbes 30 Under 30 alum from the class of 2018, isn’t looking to take on self-driving tech giants like Alphabet’s Waymo or GM-backed Cruise, but instead is perfecting sensors that help autonomous cars “see” their surroundings by bouncing a laser beam off objects in their path. By his teen years, Russell's interests got even more sophisticated. Luminar founder Austin Russell joins "Squawk Box" to discuss. Previously, I directed marketing at a mobile app startup. Besides, he is an engineer, entrepreneur, and LiDAR industry pioneer for Autonomous Vehicles. The 25-year-old’s net worth is estimated at $3.2 billion. Reflects change since 5 PM ET of prior trading day College dropout Austin Russell founded and runs automotive sensor firm Luminar Technologies, which … As a teenager, he’d looked at what Velodyne and other companies were doing with laser sensors, but determined a completely different approach was needed to make them cheap enough to be ubiquitous. The world's youngest self-made billionaire hopes to power every future self-driving car with a technology that Elon Musk says is 'doomed' Luminar CEO Austin Russell is the youngest self-made billionaire … Austin Russell is an American businessperson who is the current CEO of the vehicle technology company Luminar Technologies. © 2021 Forbes Media LLC. Luminar, the company he founded and which he became a billionaire by selling, makes sensors that will allow cars to “see” objects in … Luminar CEO Austin Russell, right, works with his co-founder Jason Eichenholz. Watch the … Curated with an innovative mind, Austin was a college dropout of Stanford University. “They’re more suited to a Roomba,” says Austin ­Russell, who dropped out of Stanford and set up his own lidar company, Luminar. Austin Russell Luminar Net Worth, Age, Parents And Wikipedia: How Old? However, the billionaire is yet to have a Wikipedia biography. The 25-year-old’s net worth is estimated at $3.2 billion. Watch the Investor Day Webcast . Austin Russell is now listed by Forbes as the world’s youngest and newest billionaire. And I was fortunate enough to be able to retain a good enough stake.”. Lidar was an early fixation for Russell as he believes it has the potential to save lives both as part of self-driving cars and as a component of advanced driver-assistance systems that Volvo and other carmakers are bringing to market in the next two to three years. Luminar founder and CEO Austin Russell is among the rare exceptions. It’s a Silicon Valley tale: Russell has built inventions since his childhood and dropped out of Stanford when he got the Thiel Fellowship to work on Luminar… Moreover, Austin Russell, who formed the company in 2012, has a current net worth of around. “You can build a billion-dollar business but that does not mean you can become a billionaire,” says Thiel. It’s remarkable from a financing perspective to retain a financial stake of that size. The public offering was a huge success for Luminar, who Russell founded when he was just 17 years old. Entrepreneur. Russell has sold prototype sensors to major auto companies for the past few years, but more recently secured production orders from Volvo Cars, Daimler and Intel’s Mobileye that may ensure revenue growth for several years. Luminar CEO Austin Russell is the youngest self-made billionaire after taking his company public via a special-purpose acquisition company merger last month. Tag: Austin Russell Luminar Wikipedia. businessinsider.com. “It should not be a 16- or 17-year-old and then subsequently a 25-year-old that can build a business like this,” says Russell. I follow technology-driven changes reshaping transportation. Austin Russell, 25, became the youngest self-made billionaire after taking Luminar, which builds lidar sensors for self-driving cars, public. Austin Russell, CEO, Luminar. Austin Russell, founder and CEO of Luminar Technologies Inc., demonstrates imaging created by a lidar, which bounces lasers off objects to guide vehicles. He is the world’s youngest billionaire at the moment. businessinsider.in. Luminar, which is creating sophisticated lidar technology in a number of independent/ self-driving initiatives, is going public on Thursday with a special purpose acquisition company (SPAC) and the deal will make Luminar founder and CEO Austin Russell a millionaire – 25 years old. The company currently worths around $7.8 billion. At 13, he filed his first patent: an underground water recycling system that catches sprinkler water and saves it for future gardening to reduce wastewater. He is the founder and CEO of Luminar Technologies. Russell has spent his whole life studying lasers; instead of attending high school or college, he went straight from middle school to graduate study of laser technology, and he has gotten most of his general knowledge from Wikipedia and YouTube. Austin Russell, the founder of Luminar Technologies, has become world’s youngest self-made billionaire at age 25. San Francisco — Austin Russell, the 25-year-old founder and CEO of Luminar Technologies, is set to become one of the youngest self-made billionaires. December 4, 2020 - by Author. He has successfully made it to the top 8 entrepreneurs who accumulated 10-figures fortunes in their 20s. Luminar CEO Austin Russell is the youngest self-made billionaire after taking his company public via a special-purpose acquisition company merger last month. Austin Russell is now listed by Forbes as the world’s youngest and newest billionaire. Austin Russell Biography Austin Russell is an engineer, entrepreneur, and LiDAR industry pioneer for autonomous vehicles. As the story goes, he memorized the periodic table of elements at 2 years old and rewired his Nintendo DS game console into a crude mobile phone when he was in the sixth grade after his parents forbade him from having one. All Rights Reserved, This is a BETA experience. Ever since his childhood, Austin Russell was inspired by his parents. Thiel, the Paypal cofounder who famously created a fellowship offering extraordinary young people $100,000 to drop out of college to pursue their dreams, has been an advisor to Russell since he left Stanford to start Luminar in 2012. Luminar’s investor day featured presentations from members of Luminar’s leadership team and a Q&A season with Austin Russell, Founder and CEO, and Tom Fennimore, CFO. “I’m looking at this guy and saying, ‘You asked more questions than anybody I’ve seen that's been doing this sh*t for a long time.’”. Austin Russell is now listed by Forbes as the world’s youngest and newest billionaire. College dropout Austin Russell founded and runs automotive sensor firm Luminar Technologies, which went public in a SPAC in Dec. 2020. Luminar CEO Austin Russell is the youngest self-made billionaire after taking his company public via a special-purpose acquisition company merger last month. Luminar, which is creating sophisticated lidar technology in a number of independent/ self-driving initiatives, is going public on Thursday with a special purpose acquisition company (SPAC) and the deal will make Luminar founder and CEO Austin Russell a millionaire – 25 years old. He is the world’s youngest billionaire at the moment. Nintendo DS game console into a crude mobile phone when he was in the sixth grade. Good enough, indeed. The listing, announced in August, resulted from a merger with special purpose acquisition company Gores Metropoulos, a unit of Beverly Hills-based finance firm The Gores Group, and raised Luminar’s estimated market value to $3.4 billion prior to the start of trading. Moreover, Luminar Technologies is an American company that focuses on commercializing technology and software for vehicles. CEO Austin Russell sits down with @Automotive_News Daily Drive Podcast to discuss going public, bringing down the cost of lidars, partnering with major automakers and taking Luminar to the ”next level.” https://t.co/4w3uVFEI4I, — Luminar (@luminartech) December 4, 2020, Musical Artist Mia Gladstone Age, Wiki, Birthday, Twitter, and Net Worth. Austin Russell (Luminar Founder) Bio, Age, Family, Wife, Billionaire, Net worth. He has successfully made it to the top 8 entrepreneurs who accumulated 10-figures fortunes in their 20s. But he’s starting to find his way as an executive. I find it ridiculous that we are discussing deletion of this page, and at the same time keep pages for, say, the Kardashian family. Luminar will likely post sales of just $15 million this year, but could generate at least $1.3 billion by 2026, based on estimates in an SEC filing. Luminar There's a race to the bottom in making self-driving cars more affordable than ever, but Austin Russell has been running an entirely different race. Now 25, his net worth has soared to $2.4 billion, after his company went public on the Nasdaq recently. LISTEN TO ARTICLE 2:01 The world's youngest self-made billionaire hopes to power … Neither does he seem to have a girlfriend. The 25-year-old is a college dropout who founded the company in 2012. On Thursday, Luminar … As a mentor, Thiel is impressed not just by the new tech billionaire’s intellect, but also his ability to hold on to a significant chunk of Luminar as it moved from Russell’s garage concept to Nasdaq. I’ve also worked at The New York Times and New York. Austin K. Russell is obviously notable: he is one of the youngest billionaires, a prodigy engineer, Stanford dropout and Thiel fellow. Tag: Austin Russell Luminar Wikipedia. It is best known for its laser technologies for self-propelled cars. Over 350 people strong, Luminar has built a new . Luminar founder and CEO Austin Russell is among the rare exceptions. Austin Russell (Luminar Founder) Bio, Age, Family, Wife, Billionaire, Net worth. He dropped out midway through his freshman year after winning a $100,000 Thiel Fellowship stipend for his lidar concept, founding Luminar not long after obtaining his driver’s license. Its stock price rose nearly 28 percent on the day to close at $ 22.98, giving the company a market value of about $ 7.8 billion, the Wall Street Journal reported. Rather than go to high school, he spent his teen years at the University of California at Irvine’s Beckman Laser Institute. His goal was to understand how these technologies could best be applied to autonomous driving. “ This is an incredibly proud moment for the entire Luminar team and a milestone for the industry at large,” said Austin Russell, Founder and CEO of Luminar… “It’s remarkable from a financing perspective to retain a financial stake of that size.”. Excluding inherited fortunes, Russell is ​one of about a dozen people on the planet to make a billion dollars before they turned 30. Austin Kingsley Russell is an American scientist, inventor, and entrepreneur. “I'm still relatively young, but … a lot of blood, sweat and tears have gone into it. Find me on Twitter at, From Los Angeles, America's capital of cars and congestion, I try to make sense of technology-driven changes reshaping how we get around. type of lidar from … He is an Inventor, Technical Executive, and CEO of Luminar Technologies, Luminar was founded in 2012, and during that time he was only 17 years old and was studying at the Beckman Laser Institute at the University of California, Irvine. Austin Russell is the founder and CEO of Luminar Technologies. You can build a billion-dollar business but that does not mean you can become a billionaire. Austin Russell, who owns the 104.7 million shares of his company, has a net worth of over $2.4 billion as per his shares’ latest value. Luminar. Copyright © 2021 | WordPress Theme by MH Themes, Austin Russell, who owns the 104.7 million shares of his company, has a net worth of over $2.4 billion as per his. He has successfully made it to the top 8 entrepreneurs who accumulated 10-figures fortunes in their 20s. Selain menjadi mentor kepada Austin Russell, Peter Thiel juga merupakan salah seorang pelabur terawal di dalam syarikat tersebut dan membantu di dalam proses penyenaraian IPO untuk Luminar. With the Nasdaq listing of the laser sensor company he founded at age 17, the optics prodigy is one of the first billionaires to emerge from the autonomous-vehicle world—and the youngest self-made billionaire in the world. Austin Russell Biography Austin Russell is an engineer, entrepreneur, and LiDAR industry pioneer for autonomous vehicles. The company has raised over $250 million from investors like Peter Thiel, The Westle Group, Canvas Ventures, Moore Capital, 1517 Fund, GVA … Who Is Actor John Scherer? With today’s Nasdaq listing of the laser sensor company he founded at age 17, the optics prodigy is one of the first billionaires to emerge from the autonomous vehicle world–and the youngest self-made billionaire in the world. Austin Russell: the $2.4bn 25-year-old who’s got Elon Musk worried Aged 10 Austin Russell was already moonlighting from school as a software consultant. I’m the Under 30 Editorial Community Lead at Forbes. Luminar CEO Austin Russell is the youngest self-made billionaire after taking his company public via a special-purpose acquisition company merger last month. Sixty-year-old guys who’ve been in the business for 40 years don’t understand this stuff, but he took time to study the SPAC,” he says. Previously, I directed marketing at a mobile app startup. . He is the founder and CEO of Luminar Technologies. According to the U.S. Securities and Exchange Commission (SEC) filings, Russell will own about a … Founded in 2012 by CEO Austin Russell, Luminar is the leading autonomous vehicle and lidar technology company for consumer cars and trucking. The lanky 6-foot-4 Russell, with shaggy strawberry blonde hair and a light beard to match, was racking up notable achievements long before his new billionaire status. Young Founder Austin Russel. Luminar’s investor day featured presentations from members of Luminar’s leadership team and a Q&A season with Austin Russell, Founder and CEO, and Tom Fennimore, CFO. Despite his young age, Austin Russell has worked hard and swift for what he has become today. Luminar co-founder and CEO Austin Russell says it is "absolutely incredible" and "totally surreal" to become a billionaire at 25. It is the year 2020, where he has achieved to be in the top 8 … The CEO holds 104.7 million shares of his company, each one valuing around $23 in today’s market. Investors in the newly public company include fellow billionaire Peter Thiel (net worth: $4.6 billion), who helped get Russell started with Luminar by making him a Thiel Fellow in 2012; Volvo Cars Tech Fund; Alec Gores of The Gores Group, another billionaire ($2.2 billion), who is also a Luminar board member; and billionaire Dean Metropoulos, the company's chairman. Austin Lee Russell (born September 8, 1982), better known by his stage name Chumlee, is an American businessman and reality television personality, best known for his appearances on the History Channel television show Pawn Stars, which depicts day-to-day business at the Gold and Silver Pawn Shop in Las Vegas where he works. Know About Austin Russell. Luminar founder and CEO Austin Russell is among the rare exceptions. Austin Russell is too focused on his business to be dating at the moment. Austin Russell is an American businessperson who is the current CEO of the vehicle technology company Luminar Technologies. “It’s been insanely intense, grueling . Austin Russell is the founder and CEO of Luminar Technologies. “When this becomes a new, modern safety technology on vehicles that’s integrated on every vehicle globally produced, that's when I’d firmly say that we’ve accomplished the goals that we set.”, From Los Angeles, America's capital of cars and congestion, I try to make sense of technology-driven changes reshaping how we get around. Find me on Twitter at @alanohnsman, I’m the Under 30 Editorial Community Lead at Forbes. Austin Russell juga telah mendapat bantuan dan tunjuk ajar dari Peter Thiel dalam membangunkan syarikat Luminar. Moreover, Austin Russell, who formed the company in 2012, has a current net worth of around $2.4 Billion. At just 25 years old, the Californian is the world's youngest new … “ This is an incredibly proud moment for the entire Luminar team and a milestone for the industry at large,” said Austin Russell, Founder and CEO of Luminar. As a Gen Y billionaire, Russell is also thinking about his impact. Luminar Technologies was founded in 2012 by then 17-year old Austin Russell, a 2013 Thiel Fellow, with a strong interest in optics, lasers and machine vision. He has been listed as the top 8 entrepreneurs in their 20s who accumulated 10-figure fortunes. Building the Future of Transportation. The 25-year-old’s net worth is estimated at $3.2 billion. I’ve also worked at The New York Times and New York Observer. Luminar founder Austin Russell is being called the world's youngest billionaire at 25. Austin Russell founded Luminar Technologies when he was 17. He has successfully made it to the top 8 entrepreneurs who accumulated 10-figures fortunes in their 20s. Luminar going public makes 25-year-old Austin Russell one of world's first, and youngest, self-driving billionaires Published Thu, Dec 3 2020 10:10 AM EST Updated Thu, Dec 3 … It’s a Silicon Valley tale: Russell has built inventions since his childhood and dropped out of Stanford when he got the Thiel Fellowship to […] Here is everything you need to know about him. You may opt-out by. At 23, Austin Russell is remarkably young to be a CEO. He founded Luminar at the age of 17 while pursuing research in optical technologies and exploring applications across the medical, augmented reality, robotics and automotive industries. The public offering was a huge success for Luminar, who Russell founded when he was just 17 years old. Share This Article: Austin Russell, the founder, and CEO of Luminar Technologies has been listed by Forbes as the newest and youngest billionaire. “We’ve been able to accelerate this because no one has really done this before.”. Founded in 2012 by CEO Austin Russell, Luminar is the leading autonomous vehicle and lidar technology company for consumer cars and trucking. Austin Russell has only been legal to drive for six years, but at 22, he might be breathing new life into the self-driving car industry by creating a safer navigation system. Luminar CEO Austin Russell is the youngest self-made billionaire after taking his company public via a special-purpose acquisition company merger last month. The name Austin Russell may not be familiar to you, but it is better to remember it. 10 Facts About Austin Russell. Wikipedia, Wife, Age And Net Worth, Katherine Creag Husband, Age, Wikipedia, and Children, Jacqueline Alemany Husband, Height and Married Life: Details To Know. The CEO holds 104.7 million shares of his company, each one valuing around $23 in today’s market. Unlike most 25-year-olds, he has neither Twitter nor Instagram accounts, but confesses to learning most of what he knows about the world from avid Wikipedia and YouTube explainer consumption. The company spent its first five years in “deep stealth”. Luminar CEO Austin Russell is the youngest self-made billionaire after taking his company public via a special-purpose acquisition company merger last month. Austin Russell is an American businessman and entrepreneur who is the CEO of the vehicle commercialization company Luminar Technologies. Here is everything you need to know about him. As of 2021, his company worths around $7.8 billion. He decided to pursue his dream and started his company in 2012. Austin Russell is the founder and CEO of Luminar Technologies. Austin Russell is the cofounder and CEO of Luminar which is an autonomous vehicle sensor and software company. He was a software consultant in school at 10. Known as lidar for “light detection and ranging,” the technology is fundamental for autonomous vehicles. everything through every day that we’ve had to go through, scaling this up. And he did … “Eventually [I] ended up evolving into building … Luminar CEO Austin Russell is the youngest self-made billionaire after taking his company public via a special-purpose acquisition company merger last month. His birthday remains under review for now, though. Luminar’s vision is to make autonomous transportation safe and ubiquitous. Austin Russell is now listed by Forbes as the world’s youngest and newest billionaire. 10 Facts About Austin Russell. He is the founder and CEO of Luminar Technologies Inc. Russell was named to Forbes 30 Under 30 list in 2018, and holds over 20 patents related to Lidar technology.