Palmer Luckey Net Worth , Biography Age, Family, wiki, And Life Story CEOs of the businesses with the most money Worth: $400,000,000 Birth ...
Palmer Luckey Net Worth, Biography Age, Family, wiki, And Life Story
CEOs of the businesses with the most money
Worth: $400,000,000
Birth Date: September 19, 1992 (30 years old)
Long Beach is where she was born.
Profession: Businessperson
The person is from the United States of America.
What is Palmer Luckey's Net Worth?
Palmer Luckey is an American developer and businessman who is worth $400 million. Luckey got rich by starting Oculus VR, which he sold to Facebook for $2 billion in 2014. In the same year, he won the American Ingenuity Award for Youth from the Smithsonian magazine. Palmer is the person who came up with the Oculus Rift, which is the company's most famous product. At age 18, he made the CR1, which was his first prototype. The Rift was the name of his sixth generation. He used Kickstarter to get the money he needed to build the Rift. His Kickstarter effort raised $2.4 million in the end, which was 974 times its original goal.
Palmer Luckey is well-known outside of Facebook and Oculus for giving money to a right-wing political group.
Earnings on Facebook and a Lawsuit
In 2016, Palmer gave $10,000 to a group that was against Hillary Clinton. Because of this donation, he lost a lot of friends on Facebook and was finally fired from the company. Palmer was upset that Facebook fired him, so he got a lawyer who argued that what Facebook did was against the law. His lawyer was able to get Facebook to pay him $100 million, which was the value of the stock awards he would have gotten until July 2019. During his time at Facebook, Palmer made a total of $600 million in cash and stock, which includes the money from the first sale.
Early Years
He was born in Long Beach, California, on September 19, 1992. His mother taught him at home while his father worked at a car business. He had two younger sisters. Luckey was a very smart child who took an early interest in electronics and engineering. At the age of 14, he was taking classes at Golden West College and Long Beach City College. He was very interested in computer-made game worlds and had already built his own PC gaming system. This made them crazy about virtual reality (VR) tech. By the time he was 16, he was making VR glasses. To pay for them, he fixed and sold broken iPhones and did other odd jobs.
In 2010, he went to California State University, Long Beach, where he studied writing and was the Online Editor for the student newspaper "Daily49er." In the end, he quit school to work full-time on his VR ideas.
Oculus
By 2010, Luckey had already built a working version of his first VR headset in his parents' garage. He kept making changes to the prototype until he had what he called the Rift, the sixth generation model. He planned to sell the headset on Kickstarter. In April 2012, he started a company called Oculus VR to help him start the Kickstarter effort. He got some attention from game maker John Carmack, who asked Luckey to send him a prototype of the Rift so he could show how games would look on the device. Gabe Newell, the executive director of the company Valve, which makes video games, also backed him.
The Kickstarter effort was a success, and almost $2.5 million was raised. Luckey grew Oculus VR by hiring Brendan Iribe as CEO and several other people to help the company grow. Many people in the tech world noticed the company's growth. In March 2014, Facebook bought Oculus VR for $3 billion. Luckey won the American Ingenuity Award for young people from "Smithsonian" magazine the same year.
Shortly after the purchase, Luckey and Oculus VR were sued by ZeniMax Media, which said that ZeniMax's trade secrets and code that was protected by intellectual property laws had been stolen. In 2017, a jury hearing found Luckey to be at fault, but in 2018, a judge threw out all of the damages Luckey was supposed to pay because he had appealed.
Luckey, on the other hand, was involved in a fight within Facebook. In 2016, he gave money to a group that supported Donald Trump for president. This made some companies decide not to support or work with Oculus. Luckey left Facebook in March of 2017, but it's not clear if he left on his own terms or was fired. Facebook and its leaders deny that Luckey was fired because of his political views. However, "The Wall Street Journal" got access to emails that allegedly show Luckey was pressured to support candidates other than Trump. No matter what happened, Luckey was able to arrange a payout of around $100 million from Facebook.
Anduril
Luckey, Matt Grimm, Trae Stephens, Brian Schimpf, and Joe Chen started the defense technology company Anduril in June of 2017. By March 2018, Anduril was working with the U.S. government on a pilot scheme to find illegal immigrants crossing into Texas from Mexico along the U.S.-Mexico border. In the first 12 days that the program was running, 55 people who were trying to get into the country were caught.
In September 2020, Luckey said that the U.S. Air Force had made a deal with Anduril. It was chosen as one of the companies that would work on the Advanced Battle Management Systems project.
Personal Life
Luckey became known to the public because of how well his businesses did. He was seen as the face of virtual reality in games. Even though he is very successful and has a lot of money, he keeps a relaxed look and lived with his friends for a long time, so he could play multiplayer video games often. Some people think that one of the characters on "Silicon Valley," a popular HBO show, is based on Luckey.
Nicole Edelmann has been in a relationship with Luckey for a long time. Edelmann likes video games and costumes, too, and the two of them met in 2014.
Politics: Since Luckey gave money to Trump's 2016 campaign, he has stayed a supporter of Trump and now calls himself a Republican, even though he used to be a libertarian. In October 2020, Trump went to Luckey's house in Newport Beach to help raise money for Trump. He has also given money to dozens of other Republican candidates, including Ted Cruz. Luckey also gives money to groups like the National Republican Congressional Committee and the Great American Committee that support conservative causes.
CLICK @JAKADIYA For More Updates
© Jakadiyar Arewa
No comments