12/9/2023 0 Comments Austin russell lidarAccording to the Hurun Report, Austin Russell’s net worth is around USD 1.2 Billion Dollars, as of January 2023.On January 2022, Austin Russell donated USD 4 million to Team Seas, allowing the fundraiser to reach its goal of USD 30 million raised.In 2021, he appeared on the Fortune magazine 40 Under 40 list and in 2022, Motor Trend ranked him at number 41 on its 2022 Power Liste.In 2017, MIT Technology Review named Austin Russell an “Innovator Under 35” and in 2018, Forbes named him to its “30 Under 30” list for founding and leading Luminar.In 2021, at the age of 25, he became the world’s youngest self-made billionaire, as he owned 104.7 million shares, roughly one-third of Luminar’s equity, which was worth USD 2.4 billion dollars.In December 2020, Austin Russell took the decision to make Luminar Technologies ‘public’, trading on the Nasdaq as LAZR.He engineered and manufactured Luminar’s lidar components himself, rather than purchasing components from outside.Austin Russell also studied at the Beckman Laser Institute at the University of California, Irvine.Margaret Episcopal School, he attended Stanford University for three months, taking courses in applied physics, but soon dropped out as he won USD 100,000 fellowship from the Thiel Fellowship in 2013 At the age of 17, while he was in high school, Austin Russell founded Luminar Technologies.His parents introduced him to laser entrepreneur Jason Eichenholz, who became Austin Russell’s mentor and joined Luminar as co-founder and chief technology officer.At the age of 15, he applied for his first patent for a groundwater recycling system to reuse water from sprinklers.Austin Russell was born and brought up in Newport Beach, California, United States.The deal value is worth nearly USD 800 Million Dollars. ![]() Recently, 28-year-old Austin Russell was in the news, after he acquired an 82% stake in Forbes Global Media Holdings, a company that publishes Forbes magazine. The company spent its first five years in stealth mode. Soon afterwards, Jason Eichenholz, a serial entrepreneur, joined the company in Orlando as Chief Technology Officer and Co-founder. Luminar Technologies was founded by Austin Russell. The company was founded in 2012 and is headquartered in Orlando, Florida. The Advanced Technologies and Services segment develops application-specific integrated circuits, pixel-based sensors and advanced lasers, apart from designing, testing and providing consulting services for non-standard integrated circuits for use in the automotive and aerospace sectors, as well as for military and defence purposes. ![]() The Autonomy Solutions segment develops, manufactures and sells laser imaging, detection and ranging sensors, or lidars, and related perception and autonomy software solutions, primarily to Original Equipment Manufacturers in the automotive, commercial vehicle, Robotaxi and related industries. The Company operates through two segments: Autonomy Solutions and Advanced Technologies and Services. ![]() Luminar Technologies, an automotive technology company, provides sensor suites and software for passenger and commercial vehicles in the United States, Asia-Pacific, Europe and the Middle East.
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