Palmer Luckey Net Worth

Palmer Luckey Net Worth

Age: 29 Source of Wealth: Founder of Anduril Industrie Residence: Newport Beach, California Citizenship: United State Marital Status: Single

Palmer Luckey was 22 among America's Richest Entrepreneurs Under 40 (2016) and 30 under 30 (2014) as per Forbes report. 

Luckey grew up in Long Beach, California, where he was home-schooled by his mother and got his first lessons in engineering while working on cars with his dad.  

In his teenage he took to upgrading old video game consoles to make them mobile, he started collecting bulky VR headsets and tinkering with them. 

His breakthrough was that he could replace their expensive, heavy optics with cheap, light ones. Then he created Oculus Rift the one that attracted the attention of Mark Zuckerberg. 

A virtual reality company Oculus VR was founded by Palmer Luckey in 2012 and made his first fortune selling his virtual reality startup, Oculus VR, to Facebook for $2 billion in 2014 

A defense startup Anduril was founded by Luckey in 2017 and is planned to raise $1 billion at an $8 billion valuation during the summer of 2022.

The self-taught tech is turning 30 in September and owns at least 11% of the company, which, when added to his Facebook windfall, and his current net worth to an estimated $1.4 billion. 

That will rise after the latest round closes in June, which will increase Anduril’s valuation by 70%, to $8 billion. Anduril generated an estimated $150 million in revenue last year.  

Luckey has donated to the campaigns of dozens of Republican political candidates and also donated to a large number of Republican- and conservative-affiliated organizations.