“I just like learning things that will be useful to me. Things that can be used in the real world.”
Austin Russell the youngest kneeling tech billionaire Austin King Russell will be 26 years old in 2021. Another of his titles is the world’s youngest self-made billionaire.
Russell was born on March 13, 1995. California Founder and CEO of Luminar Technologies Inc in Newport Beach. As a young man, he was interested in optics, which studied the properties and functions of lasers and light. Growing up, he created Lidar (light detection and distance sensing technology) products for driverless cars.
His passion led him to become a wealthy tech billionaire. While in high school, I studied at the Beckman Laser Institute at the University of California, Berkeley. As a child, he wrote portable games with a WiFi-enabled programming device on the school bus when he returned home, even though he did not have to pick up the phone at home. At the age of 15, he built a virtual holographic keyboard to take notes in the classroom, and at the age of 17 he patented the technology.
Luminar Technologies Inc. was founded in 2012. As mentioned above, it develops sensors and driver Lidar technology for driverless cars. Then, at the age of 17, he dropped out of Stanford University to study physics to start his own company. The reason for dropping out of school is clear.
“I have always known that schooling is not the right path for this to happen, because if you want to make a big difference in the world, you do not have to be stuck in a research lab. You have to market it. You have to be self-reliant.”
Luminar Technologies was transformed into a public company on December 3, 2020. At that time, the market value was $ 8.1 billion. The 35% shareholder is the world’s youngest billionaire with a net worth of $ 2.4 billion. His net worth now stands at $ 2.7 billion. Among the shareholders in Luminar was Peter Theil, a well-known billionaire who gave away a $ 100,000 Fellowship when he was a student.
Luminar’s technology is said to be able to spy 10 times farther than competing products and have 50 times better visuals. Currently, we are working with a department of the world-renowned Volvo Car Company to introduce Luminar technology that will enable hands-free driving of Volvo cars on the freeway from 2022.