Austin Russell (2024)

About Austin Russell

  • College dropout Austin Russell founded and runs automotive sensor firm Luminar Technologies, which went public in a SPAC merger in Dec. 2020.
  • An optics prodigy, Russell developed the idea for Luminar when he was just 17 and studying physics at Stanford University.
  • He dropped out of college in 2012 after receiving a $100,000 Thiel Fellowship, a program funded by billionaire Peter Thiel to nurture entrepreneurs.
  • Following Luminar's listing on Nasdaq, Russell became the world's youngest self-made billionaire at age 25.
  • Luminar competes with laser lidar makers like Velodyne and Aeva, which make high-tech sensors to help self-driving vehicles "see" their surroundings.

Wealth History

HOVER TO REVEAL NET WORTH BY YEAR

Forbes Lists

#1818

Billionaires (2022)Dropped off in 2023

Personal Stats

Age
29
Source of Wealth
sensors, Self Made
Self-Made Score
8
Residence
Orlando, Florida
Citizenship
United States
Marital Status
Single
Education
Drop Out, Stanford University

More on Forbes

Austin Russell (2024)

FAQs

How old was Austin Russell when he became a billionaire? ›

He dropped out of college in 2012 after receiving a $100,000 Thiel Fellowship, a program funded by billionaire Peter Thiel to nurture entrepreneurs. Following Luminar's listing on Nasdaq, Russell became the world's youngest self-made billionaire at age 25.

Who is Florida's youngest billionaire? ›

Austin Russell who is Florida's youngest self-made billionaire, is the founder of Luminar Technologies. If you have not heard of that company, their technology specializes in machine perception technologies which are mostly used to build autonomous cars.

Who is the youngest billionaire in the world lidar? ›

Austin Russell (born March 14, 1995) is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him a billionaire at the age of 25.

How much is Austin Russell worth? ›

Today, his stock in Luminar is believed to make him worth around $1.8 billion—and while there are plenty of twentysomethings who have inherited such an amount, Russell is one of the very few in the world to have built such wealth for himself.

Who is the 39 year old billionaire? ›

Dustin Moskovitz (USA) - The Facebook Co-Founder

Dustin Moskovitz, aged 39, a co-founder of Facebook, shares the fifth spot with a wealth of $9.6 billion. His fortune largely stems from his 2% stake in Meta, Facebook's parent company.

Who is the youngest billionaire 9 year old? ›

Muhammed Awal Mustapha, known as Mompha junior, also has a fleet of luxury cars. (Image posted on Instagram by Muhammed Awal Mustapha) A nine-year-old African kid is reportedly the world's youngest billionaire, who travels around the world in his private jet and has several mansions to his name.

Who is the richest 23 year old? ›

Facebook CEO Racks Up Rich Title At Age 23 | Youngest self-made billionaire makes it on Forbes mega-rich list. Billionaires are getting younger. Forbes magazine released its list of the world's mega-rich last week and Facebook CEO Mark Zuckerberg, 23, became the youngest ever self-made billionaire.

Who is youngest billionaire in history? ›

Clemente Del Vecchio

Clemente was at one time the world's youngest billionaire (at the age of 18), but he has since aged out of that title, which is now held by Livia Voigt.

Who is the 24 year old self-made billionaire? ›

Alexandr Wang became the world's youngest self-made billionaire at 24, after dropping out of MIT five years earlier to co-found Scale AI in 2016.

Who is the 19-year-old female millionaire? ›

Synopsis. A 19-year-old Brazilian student, Livia Voigt, claims the title of the world's youngest billionaire, surpassing Italian teen Clemente Del Vecchio. Voigt, heiress to a major electrical motors manufacturer, holds a net worth of $1.1 billion.

Who is the richest kid in the world? ›

Eight-year-old Charlotte is the wealthiest royal grandchild and the richest child in the world, with an estimated net worth of £3.9 billion ($5 billion).

Why is Austin Russell so rich? ›

The lanky, 6-foot-4 entrepreneur dropped out of Stanford in 2012 to found laser lidar (an acronym for light, detection and ranging) startup Luminar Technologies, after getting a $100,000 fellowship from billionaire tech investor Peter Thiel.

How many shares of Luminar does Austin Russell own? ›

The estimated net worth of Austin Russell is at least $6 Million dollars as of 2024-05-02. Austin Russell is the Chairperson, President & CEO, 10% Owner of Luminar Technologies Inc and owns about 3,805,685 shares of Luminar Technologies Inc (LAZR) stock worth over $6 Million.

What age did Zuckerberg become a billionaire? ›

Zuckerberg took the company public in May 2012 with majority shares. In 2008, at age 23, he became the world's youngest self-made billionaire. He has since used his funds to organize multiple philanthropic endeavors, including the establishment of the Chan Zuckerberg Initiative.

Who is the youngest billionaire ever? ›

Clemente Del Vecchio

Clemente was at one time the world's youngest billionaire (at the age of 18), but he has since aged out of that title, which is now held by Livia Voigt.

How did Austin Russell became rich? ›

The lanky, 6-foot-4 entrepreneur dropped out of Stanford in 2012 to found laser lidar (an acronym for light, detection and ranging) startup Luminar Technologies, after getting a $100,000 fellowship from billionaire tech investor Peter Thiel.

Who is the youngest billionaire scale? ›

Alexandr Wang (born January 1997) is the founder and CEO of Scale AI, a data annotation platform that provides training data for machine learning models. At age 24, he became the youngest self-made billionaire in the world.

Who was the youngest billionaire in 2008? ›

Zuckerberg took the company public in May 2012 with majority shares. In 2008, at age 23, he became the world's youngest self-made billionaire. He has since used his funds to organize multiple philanthropic endeavors, including the establishment of the Chan Zuckerberg Initiative.

Top Articles
Latest Posts
Article information

Author: Neely Ledner

Last Updated:

Views: 5485

Rating: 4.1 / 5 (42 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Neely Ledner

Birthday: 1998-06-09

Address: 443 Barrows Terrace, New Jodyberg, CO 57462-5329

Phone: +2433516856029

Job: Central Legal Facilitator

Hobby: Backpacking, Jogging, Magic, Driving, Macrame, Embroidery, Foraging

Introduction: My name is Neely Ledner, I am a bright, determined, beautiful, adventurous, adventurous, spotless, calm person who loves writing and wants to share my knowledge and understanding with you.