Russell founded Luminar Technologies in 2012 and continues to run the company, which develops laser-based radar sensor tech for cars.īorn in California, his father Michael was in commercial real estate while his mother is former model and actress Shannon Cleye, best known for her role on The Young and the Restless.Īn optics prodigy, Russell developed the idea for Luminar when he was just 17 and studying physics at Stanford University. He now owns an $83m mansionĪccording to Forbes, as of April last year, Russell was estimated to be worth around $1.6billion. ![]() Austin Russell, 28, became a billionaire in 2020 when Luminar Technologies, the tech company he founded at just 17, was listed publicly.
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