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Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) - Business - Nairaland

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Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by WriterNig: 7:44am On Apr 08


- Austin Russell is the youngest self-made billionaire on Forbes' 2021 list of world billionaires.

- The 26-year-old runs a company that provides the technology for self-driving cars.

- Russell replaced Kylie Jenner, who was removed by Forbes in 2020 after falsifying documents about her assets.


At the fresh faced age of 26, Austin Russell has been crowned the world’s youngest self-made billionaire by Forbes, dethroning Kylie Jenner, who initially raised disputes about whether she was truly “self-made”, before facing removal entirely due to inflated figures in the documents submitted.

Here’s a quick rundown of how another college dropout managed to join the three-comma club virtually overnight.

Russell became a billionaire virtually overnight in December when his company, Luminar Technologies, was listed on the Nasdaq via an SPAC merger.

Forbes estimated Russell's net worth at $2.4 billion.

Russell received a $100,000 fellowship from the billionaire investor Peter Thiel in 2012 and dropped out of Stanford to found Luminar Technologies, which builds sensors for autonomous vehicles.

The company's sensors have been used to create self-driving cars at companies like Volvo and Toyota. Luminar's technology relies on lidar, which uses pulses of light to create a 3D map of a car's environment, allowing it to determine the best course and avoid obstacles.

In 2019, Tesla CEO Elon Musk called the technology "doomed." Instead of lidar - which has become popular with automotive companies including Alphabet's Waymo - Tesla relies on external cameras for its "Full Self-Driving" software.



Russell replaced Kylie Jenner on the list after Forbes' removed her last May, saying her net worth had been overvalued in the documents she provided.

"What am i even waking up to," she wrote in a tweet reacting to Forbes' decision. "I thought this was a reputable site.. all i see are a number of inaccurate statements and unproven assumptions lol. i've never asked for any title or tried to lie my way there EVER. period."

Jenner was on the cover of Forbes in 2018 as one of the richest self-made women in the US. That sparked backlash as some people questioned whether she was truly "self-made" because of her family's wealth.

Russell is one of four self-made billionaires on Forbes' 2021 list who are in their 20s; the others are the founders of DoorDash, Andy Fang and Stanley Tang, and the crypto investor Sam Bankman-Fried. All four are new additions to the list.

There were several developments in this year's list as COVID-19 shook up the economy. Former President Donald Trump dropped 298 spots in Forbes' ranking. Bloomberg has estimated that Trump's net worth plunged by $700 million during his presidency.

The youngest billionaire on Forbes' list was Kevin David Lehmann, 18, a German drugstore heir worth $3.3 billion.


Business Insider

39 Likes

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by WriterNig: 7:44am On Apr 08
Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by xiaji: 7:45am On Apr 08
Very cool kid.
Role model

70 Likes 4 Shares

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Comedian2019: 7:51am On Apr 08
Just imagine this man was an African.

47 Likes 4 Shares

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by princechurchill(m): 7:51am On Apr 08
One of their, the future is female lied and was caught and the counsel of brethren removed her and replaced the hoe with a hard-working, handsome intelligent brother,...

while they go online shouting the future is female,we are giving them distance in the affairs of life,

The future can't be Female in a Man's world..

242 Likes 23 Shares

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Dalil8: 7:53am On Apr 08
WriterNig:

Russell replaced Kylie Jenner on the list after Forbes' removed her last May, saying her net worth had been overvalued in the documents she provided.

Cc Lalasticlala
Mynd44
Seun

Can anything about the Kardashians be real for once?

Fake bodies, fake lives, fake billions.



The Past, Present and Future is MALE. ✌�

160 Likes 6 Shares

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by blowjob: 7:58am On Apr 08
FAKE AS CHINESE PRODUCTS undecided

5 Likes 1 Share

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by yanabasee1(m): 8:08am On Apr 08
Make this guy cut soap give me abeg.....


God no go shame us....

37 Likes

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by lkillbrokehoes: 8:17am On Apr 08
Dalil8:


Can anything about the Kardashians be real for once?

Fake bodies, fake lifes, fake billions.



The Past, Present and Future is MALE. ✌�
cheesy

5 Likes

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Dalil8: 10:11am On Apr 08
lkillbrokehoes:
cheesy

Na lie i talk?

5 Likes

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Kramerr: 10:25am On Apr 08
AI is the next big thing.

Hello to self driving cars, airplanes, trucks, trains. I wish i could buy stocks in his company.

9 Likes 1 Share

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Godnavic: 11:07am On Apr 08
God wen
Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by ictjobber: 11:07am On Apr 08
Cool
Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Bugatie(m): 11:08am On Apr 08
So I didn't make it this year,

Let's see how 2022 goes.

We move.

7 Likes

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Wonk(m): 11:09am On Apr 08
Bullmilk!
Self made? That means shit to me...
#peace

1 Like

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by qualityovenbake(m): 11:09am On Apr 08
Billionaires are quiet, not noisy. Ask my good friends Otedola, Elumelu and Dangote grin

15 Likes

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Felabrity: 11:10am On Apr 08
Hustle oo

3 Likes 1 Share

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by oluwaseyi0: 11:10am On Apr 08
princechurchill:
one of their, the future is female lied and was caught and the counsel of brethren removed her and replaced the hoe with a hard-working, handsome intelligent brother,...

while they go online shouting the future is female,we are giving them distance in the affairs of life,

The future can't be Female in a Man's world..

seems this is from a damaged teen

21 Likes 2 Shares

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by soliddust2020: 11:10am On Apr 08
yanabasee1:
Make this guy cut soap give me abeg.....



God no go shame us....

I hear say na Canoe soap this guy they use. This na confirm update wink.

8 Likes 2 Shares

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Risingblue008(m): 11:11am On Apr 08
princechurchill:
one of their, the future is female lied and was caught and the counsel of brethren removed her and replaced the hoe with a hard-working, handsome intelligent brother,...

while they go online shouting the future is female,we are giving them distance in the affairs of life,

The future can't be Female in a Man's world..
Guy,,u funny die
But na truth u talk so
D future is female indeed

4 Likes 1 Share

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by arejibadz(m): 11:11am On Apr 08
Imagine say hin be nigerian hin for day pay tithe

6 Likes 2 Shares

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by EmekaBlue(m): 11:11am On Apr 08
princechurchill:
one of their, the future is female lied and was caught and the counsel of brethren removed her and replaced the hoe with a hard-working, handsome intelligent brother,...

while they go online shouting the future is female,we are giving them distance in the affairs of life,

The future can't be Female in a Man's world..
why worried of their rant...its all a joke on themselves if believing so

9 Likes

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by encryptjay(m): 11:12am On Apr 08
Russell received a $100,000 fellowship from the billionaire investor Peter Thiel in 2012 and dropped out of Stanford to found Luminar Technologies, which builds sensors for autonomous vehicles.

Dropout pass dropout o wink
When you're in a place where things work, you have a greater chance of becoming big.

15 Likes 1 Share

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Igbankpa(m): 11:12am On Apr 08
. I no go talk GOD when

But oluwa wetin deh occur?

2 Likes

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by hedonido: 11:12am On Apr 08
Inspiring.
Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Hoppeyhemmy(m): 11:12am On Apr 08
One day our hustle go pay.
Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Yankee101: 11:13am On Apr 08
Came to check to make sure it's not another invictus
Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by captainamiedi1: 11:13am On Apr 08
better role model than our yeyebrities. But these can be possible in a society where things works

8 Likes 1 Share

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by Igbankpa(m): 11:13am On Apr 08
arejibadz:
Imagine say hin be nigerian hin for day pay tithe
SARs fit don kill am

18 Likes 2 Shares

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by ClassicMan202(m): 11:14am On Apr 08
That's me by the way... Its just that I don't like to brag

1 Like

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by obajoey(m): 11:14am On Apr 08
Juventus Obi comes to mind cheesy

1 Like

Re: Austin Russell Is Forbes Youngest Self-Made Billionaire (Photos) by lkillbrokehoes: 11:15am On Apr 08
Dalil8:

Na lie i talk?
You no lie

3 Likes 1 Share

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