Austin Russell Net Worth: How Autonomous Car Engineer Become Billionaire at 25 Age?

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Austin Russell Net Worth

American businessman Austin Russell is the CEO and creator of Luminar Technologies. The lidar and machine perception technologies that Luminar excels in are mostly employed in autonomous vehicles.

At the age of 25, Luminar became a publicly-traded company in December 2020, making him the youngest self-made billionaire in history.

Austin Russell’s Early Life

In Newport Beach, California, Russell was raised. Russell was a child prodigy who knew every element in the periodic table by the age of two. Russell submitted his first patent application at the age of 13 for a device that recycled sprinkler water into the earth.

Austin Russell Net Worth

Jason Eichenholz, a laser businessman who later joined Luminar as co-founder and chief technical officer, was introduced to Russell by his parents when he was 15 years old. Jason Eichenholz later served as Russell’s mentor.

In 2013, he received his diploma from St. Margaret’s Episcopal School. He also attended classes at the University of California, Irvine’s Beckman Laser Institute. Russell has claimed that he frequently picks up new talents by watching YouTube videos and articles on Wikipedia.

Austin Russell’s Personal Life

Chumlee and Olivia Russell are wed. Prior to dating, they were friends for some time. In May 2018, the pair made their engagement public. August 2019 saw their wedding.

No one is really sure where Olivia is right now. Fans discovered that all images of her had been deleted from Chumlee’s Instagram account in July 2020.

Chumlee resides in Las Vegas and works on the “Pawn Stars” movie when she was attending the University of California, Santa Barbara. He said on his social media that although living apart was difficult, it was worth the sacrifices.

Austin Russell’s Hobbies

Vintage pinball machines are a particular passion of his. Chumlee has more than 200 pairs of shoes in his closet and is an obsessive shoe collector.

In addition, he likes playing video games, skating, and playing the Pokémon Trading Card Game. He enjoys listening to rap and punk rock music. “Boardwalk Empire,” “Sons of Anarchy,” and “Breaking Bad” are three of his favorite TV programs.

Austin Russell Owns Luxuries Cars

Chumlee also owns a Rolls-Royce Phantom, Range Rover, Cadillac Escalade, and a 1964 Impala SS in addition to his Maserati. He enjoys driving his 1986 Buick Regal, which he had hydraulic lifts installed on the front and back to make it his own.

Austin Russell’s Health Issues

Before undergoing gastric sleeve surgery, which decreased his stomach’s capacity to just six ounces, Chumlee weighed 345 pounds. He increased his diet by giving up red meat, increasing his intake of veggies, and working out six days a week.

He also increased his juice consumption. Chumlee dropped 110 lbs. His father’s passing from pancreatic cancer at the age of 54 motivated him to make a significant adjustment.

Chumlee was airlifted to Valley Hospital in Las Vegas in March 2020 after experiencing excruciating abdominal pain and breathing difficulties. Thankfully, his Covid-19 test came out negative.

Austin Russell launched Luminar

In 2012, while still a senior in high school, and just before turning 17 years old, Russell established Luminar. Three months after receiving his high school diploma, he spent time at Stanford University completing applied physics classes.

Austin Russell Net Worth

Russell left school after winning $100,000 from the Thiel Fellowship in 2013, allowing him to devote all of his attention to Luminar.

The first five years of the company were spent operating covertly. Russell designed and produced Luminar’s lidar components himself rather than buying them.

Luminar went public on December 3, 2020, and began trading as LAZR on the Nasdaq. At the close of trade on December 3, Russell’s 104.7 million shares, or about one-third of Luminar’s stock, were valued at $2.4 billion, making him the world’s youngest self-made billionaire.

At this point, he also assumed the role of corporate chairman.

Austin Russell’s Career Life

When Chumlee was 21 years old, he started working at Gold and Silver. The Comedy Central television program “Insomniac with Dave Attell,” which featured the pawnshop, helped it achieve its initial degree of recognition.

Rick Harrison proposed a full-fledged series to dozens of production companies and networks after that episode aired before The History Channel ultimately picked it up. Austin had been working there for five years when “Pawn Stars” made its premiere.

Currently employed at the pawnshop’s counter and well-known for his comical quirks is Chumlee. The 24-hour Gold & Silver Pawn Shop in Las Vegas is the focus of the show, which chronicles its activities.

Austin is renowned for his ability to negotiate, getting a local Maserati dealership to sell him a $100,000 automobile for only $85,000. The History Channel’s “Pawn Stars” is now the most-watched program.

On “Pawn Stars,” Chumlee established himself as a breakout cast member and a fan favorite. Chumlee established his own business to market unusual goods that he created.

Due to his popularity among “Pawn Stars” viewers, Chumlee’s merchandise sales are higher than those of the other stars.

Austin Russell Net Worth

Chumlee gave Rick Harrison half of his ownership in his business so that the Gold & Silver Pawn Shop could market his novelty goods more effectively.

In 2017, Chumlee established Chumlee’s Candy on the Boulevard. It is situated in Las Vegas directly across from the Gold and Silver Pawn Shop. The candy shop’s day-to-day operations are managed by his brother Sage Russell.

History Channel’s “Pawn Stars” will continue its improbable run with its 17th season, which will start filming in September 2020.

Austin Russell’s Charity Work

Russell gave $4 million to Team Seas on January 1, 2022, helping the charity event accomplish its $30 million fundraising target.

Austin Russell’s Legal Allegations

Chumlee’s residence was searched on March 9, 2016, as part of a probe into claims of sexual assault. Xanax, marijuana, crystal meth, and several weapons were discovered by the police, and Chumlee was arrested. The following day, he was released on bond.

But on May 23, 2016, 20 felony counts of drug and weapon charges were brought against Chumlee.

In exchange for three years of probation and therapy, he entered a guilty plea to a felony weapons charge, unauthorized possession of a firearm, and a gross misdemeanor of attempted narcotics possession.

Austin Russell’s Net Worth

Austin Russell, an American reality television personality, entrepreneur, and pawnshop employee, has a $5 million net worth. The History Channel program “Pawn Stars,” in which Austin Chumlee Russell starred, is the source of most of his fame.

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Conclusion

Austin Russell, an American businessman, founded and currently serves as CEO of Luminar Technologies. Machine perception technologies, which are Luminar Technologies’ area of expertise, are mostly utilized to create autonomous vehicles.

When his business went public in a SPAC merger in December 2020, it made him, at the age of 25, the youngest self-made billionaire in history.

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