Austin Russel
The 25-year-old Stanford dropout is the owner and CEO of a sensor and software company for autonomous vehicles. This California man is ranked #5 out of 10 youngest billionaires on the 2021 global list. His total fortune is $1.6B.
Austin Russel is one of the few in the autonomous vehicle industry to achieve this position. 104.7 million shares of Luminar Technologies are owned by this young billionaire. This equates to about a third of the total company stock. Their Nasdaq trading is on the higher side, according to Wall Street.
He was curious and self-taught as a child. At 13, he owns a patented groundwater recycling system. He founded Luminar Technologies on a scholarship from billionaire investor Peter Thiel. The sensor works with LIDAR technology and uses pulses of light to create a 3D map of the path the vehicle follows.
- Net worth: $1.6B
- Source of Wealth: sensors, Self Made
- Self-Made Score: 8
- Residence:Orlando, Florida
- Citizenship: United States
- Education: Drop Out, Stanford University
