Palmer Luckey Net Worth
Palmer Luckey net worth: Palmer Luckey is an American businessman and entrepreneur who has a net worth of $700 million. Palmer Luckey was born in Long Beach, California in September 1992. He is best known for being the founder of Oculus VR and the inventor of the Oculus Rift which is a virtual reality head mounted display. He was a writer and online editor for the California State University, Long Beach newspaper the Daily 49er. Luckey experimented with high voltage electronics as a teenager and built a computer that cost tens of thousands of dollars with six monitors. He built up a collection of more than 50 different head mounted displays and funded it by fixing and re-selling damaged iPhones. At 18 he created the first prototype CR1. His 6th generation was named the Rift and he raised money via Kickstarter. His Kickstarter campaign raised $2.4 million which was 974% of the original target. In 2014 Oculus VR was acquired by Facebook for $2 billion and Luckey's founder's share is expected to be worth millions. In 2014 he won the Smithsonian magazine's American Ingenuity Award in the Youth category.