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A 25-year-old, the youngest self-made billionaire thanks to a company in the field of autonomous driving he founded with 17

The value of the shares of the American Austin Russell reached 2.4 billion dollars on Thursday.

The founder of the American company Luminar, Austin Russell, 25, this week became the youngest “self-made” billionaire, informs Forbes. His company makes ldar scanners, which use lasers to create a three-dimensional image of the road and the territory around it for autonomous cars.

The Wall Street Journal he pointed Luminar’s shares rose approximately 28% on Thursday, to nearly $ 23 at the close, after its public offering for sale. Thus, the market value of the company amounted to approximately $ 7.8 billion.

This jump in value also increased the fortune of Russell, who founded Luminar when he was 17 years old. The combined value of its 104.7 million shares – about a third of all issued – grew to $ 2.4 billion this Thursday.

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