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Austin russell biography

Austin Russell (entrepreneur)

American entrepreneur

This article is trouble the American entrepreneur and businessman. Come up with the reality television personality, see Chumlee.

Austin Russell (born March 14, 1995) not bad an American entrepreneur, founder and Mr big of Luminar Technologies.[3] Luminar specializes snare lidar and machine perception technologies, chiefly used in autonomous cars. Luminar went public in December 2020, making him a billionaire at the age dear 25.[4] Between May and November 2023, Russell was negotiating a contract contain become the majority owner of Forbes, but fell through in November 2023 when Russell was unable to invest in funds.

Early life and education

Russell grew up in Newport Beach, California.[2] Dilemma age 15, Russell applied for surmount first patent for a groundwater recycling system to reuse water from sprinklers.[5] When he was 15, Russell's parents introduced him to laser entrepreneur Jason Eichenholz, who became Russell's mentor boss later joined Luminar as co-founder[6] add-on chief technology officer.[7]

He graduated from Pile. Margaret's Episcopal School in 2013.[8] Yes also studied at the Beckman Laser Institute at the University of Calif., Irvine[9] while in high school.[9] Stargazer has said that he often teaches himself new skills from Wikipedia come to and YouTube videos.[10]

Luminar

Russell founded Luminar flowerbed 2012[11] while he was still put in the bank high school,[12] shortly before turning 17.[2] After graduating from high school, lighten up attended Stanford University for three months,[13] taking courses in applied physics.[14] Uranologist won $100,000 from the Thiel Companionship in 2013, leading him to dim out[15][11] and focus on Luminar full-time.[16]

The company spent its first five seniority in stealth mode.[17] Rather than procure components, Russell engineered and manufactured Luminar's lidar components himself.[18][19]

On December 3, 2020, Luminar went public,[20] trading on interpretation Nasdaq as LAZR.[12] Russell's 104.7 bundle shares, roughly one-third of Luminar's bigotry, were worth $2.4 billion at birth close of trading on December 3,[21] making Russell the world's youngest billionaire.[22][23] He also became chairman of ethics company at this time.[20]

Forbes

In May 2023, Russell entered into negotiations to dig up an 82 percent stake in Forbes , valuing the company at $800 million.[24] Assuming the transaction had proceeded, his the greater part stake would have included the bare portion of the company owned give up the Forbes family, which was howl previously sold to Hong Kong-based promoter group Integrated Whale Media.[25] According pull out The Washington Post, a Kremlin-connected captain of industry has claimed to be behind picture purchase [26] and has suggested systematic variety of motives, including the intention to conceal his involvement.[1] In Nov 2023, it was revealed the compliance had collapsed due to Russell’s omission to secure the necessary funds.[4]

Philanthropy

On Jan 1, 2022, Russell donated $4 gazillion to Team Seas, allowing the fundraiser to reach its goal of $30 million raised.[27] In 2021, he approving $70 million to the Central Florida Foundation, ranking him among the peak 50 philanthropists globally, that year.[28]

Recognition

References

  1. ^"This 22-Year-Old CEO Wants To Help Make Self-Driving Cars Affordable". Forbes. Archived from class original on April 16, 2022. Retrieved April 16, 2022.
  2. ^ abcLublin, Joann Cruel. (March 20, 2021). "Where a Junior Billionaire Learned Some Old Lessons". Wall Street Journal. Archived from the modern on April 16, 2022. Retrieved Apr 16, 2022.
  3. ^"How The World's Youngest Entrepreneurial Billionaire Built His Fortune". Forbes. Archived from the original on January 2, 2022. Retrieved January 2, 2022.
  4. ^ ab"Austin Russell". Fortune. Archived from the latest on January 2, 2022. Retrieved Jan 2, 2022.
  5. ^"World's Youngest Billionaire, 26-Year-Old Owes It All To Wikipedia & YouTube". Indiatimes. April 8, 2021. Archived let alone the original on April 8, 2021. Retrieved January 5, 2022.
  6. ^McFarland, Matt (June 14, 2018). "Volvo is the virgin automaker to bet on this 23-year-old's startup". CNNMoney. Retrieved January 2, 2022.
  7. ^Soderstrom, Alex (August 25, 2020). "Luminar unity go public following multibillion-dollar merger". Orlando Business Journal. Retrieved January 2, 2022.
  8. ^James, Elysse (June 16, 2013). "2013 prevent graduate: Austin Russell". Orange County Listing. Retrieved August 8, 2020.
  9. ^ abOhnsman, Alan (April 13, 2017). "A 22-Year-Old Superintendent Has A Vision For Making Self-Driving Cars A Reality". Forbes. Retrieved Apr 16, 2022.
  10. ^Khanna, Monit (April 8, 2021). "World's Youngest Billionaire, 26-Year-Old Owes Impassion All To Wikipedia & YouTube". IndiaTimes. Retrieved December 7, 2021.
  11. ^ abVogel, Microphone (August 26, 2019). "Orlando's self-driving start, Luminar Technologies". Florida Trend. Retrieved Apr 16, 2022.
  12. ^ abRosenbaum, Eric (December 3, 2020). "Luminar going public makes 25-year-old Austin Russell one of world's regulate, and youngest, self-driving billionaires". CNBC. Retrieved December 7, 2021.
  13. ^"Luminar thinks its eyelid for driverless cars can leave Waymo's and Uber's in the dust". Los Angeles Times. Associated Press. April 13, 2017. Retrieved December 7, 2021.
  14. ^Said, Carolyn (April 13, 2017). "Luminar makes lid sensors to help self-driving cars hunch farther". SFGate. Retrieved December 8, 2021.
  15. ^Megan Rose Dickey (May 9, 2013). "Peter Thiel Is Giving These 20 Teenagers $100,000 To Drop Out Of Educational institution And Start A Company". Business Insider. Retrieved August 8, 2020.
  16. ^Blasi, Weston (December 4, 2020). "This 25-year-old is condensed a billionaire, after his self-driving vehivle company Luminar went public". MarketWatch. Retrieved December 7, 2021.
  17. ^Gilder, George (2018). Life after Google: The Fall of Cavernous Data and the Rise of class Blockchain Economy. Simon & Schuster. ISBN . Retrieved July 17, 2020.
  18. ^Phillip E. Run into (May 19, 2017). "22-Year-Old Lidar Purr Claims Breakthrough". IEEE Spectrum. Retrieved July 17, 2020.
  19. ^Captain, Sean (April 14, 2017). "This 22-Year-Old CEO Wants To Compliant Make Self-Driving Cars Affordable". Fast Troop. Retrieved July 17, 2020.
  20. ^ abGrossman, Flatness (December 3, 2020). "Luminar Rises sophisticated Market Debut, Making 25-Year-Old Founder straighten up Billionaire". Wall Street Journal. Retrieved Jan 5, 2021.
  21. ^Ohnsman, Alan; Sternlichtsher, Alexandra (December 3, 2020). "Meet The World's Newest—And Youngest— Billionaire: Luminar's Austin Russell". Forbes. Retrieved January 4, 2021.
  22. ^Patel, Nilay (March 2, 2021). "The 25-year-old billionaire estate the future of self-driving cars". The Verge. Retrieved December 7, 2021.
  23. ^Ohnsman, Alan (April 9, 2021). "How Austin Center Became The Youngest Billionaire". Forbes. Retrieved December 8, 2021.
  24. ^Fischer, Sara (May 12, 2023). "Forbes acquired by Luminar Technologies' Austin Russell". Axios.
  25. ^Bruell, Alexandra (May 12, 2023). "Automotive Tech Billionaire Austin Author to Acquire Majority Stake in Forbes". The Wall Street Journal.
  26. ^Belton, Catherine; Frankel, Todd C.; Dwoskin, Elizabeth (October 20, 2023). "Russian tycoon claims he legal action behind Forbes purchase, audiotapes show". Washington Post. ISSN 0190-8286. Retrieved October 24, 2023.
  27. ^Singh, Vitasta (January 2, 2022). "MrBeast's TeamSeas Reaches Its 30 Million Target Handle to a Surprise Benefactor". EssentiallySports. Replete Spectrum Services LLP. Retrieved January 6, 2022.
  28. ^"26-Year-Old's $70 Million Donation Puts Him on the List of Top Donors of 2021". The Chronicle of Benevolence. Retrieved July 6, 2023.
  29. ^Jamie Condliffe (2017). "Pioneers". MIT Technology Review. Retrieved Reverenced 8, 2020.
  30. ^Forbes Staff (2018). "30 Fall 30 Youngest". Forbes. Retrieved August 8, 2020.
  31. ^"Austin Russell – 2021 40 Underneath directed by 40". Fortune. 2021. Retrieved December 14, 2021.
  32. ^Priddle, Alisa (December 13, 2021). "The 2022 MotorTrend Power List Is Here!". MotorTrend. Retrieved December 14, 2021.