Palmer Luckey Net Worth
Palmer Luckey net worth: Palmer Luckey is an American businessman and entrepreneur who has a net worth of $400 million. Luckey earned his fortune as the founder of Oculus VR which was sold to Facebook in 2014 for $2 billion. Palmer is the inventor of Oculus' most notable product, the virtual reality head-mounted display Oculus Rift. Outside of Facebook and Oculus, Palmer has earned notoriety as the financial backer of a right wing political organization.
Palmer Luckey was born in Long Beach, California in September 1992. 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. In 2012 he launched a Kickstarter campaign that eventually raised $2.4 million, 974% of the original target.
In 2014 Oculus VR was acquired by Facebook for $2 billion. That same year he won the Smithsonian magazine's American Ingenuity Award in the Youth category.
Facebook Lawsuit: In 2016, Palmer donated $10,000 to an anti-Hillary Clinton group. This donation made him extremely unpopular within Facebook and eventually led to his early dismissal from the company. Palmer was upset at his ouster and hired an employment lawyer who argued that what Facebook had done was illegal. His lawyer was able to successfully negotiate a $100 million payout from Facebook which represented the stock awards he would have earned through July 2019. In total, Palmer earned $600 million in cash and stock during his time at Facebook.
|Net Worth:||$400 Million|
|Date of Birth:||Sep 19, 1992 (29 years old)|
|Nationality:||United States of America|