Palmer Luckey is an American entrepreneur who was ranked #22 on the Forbes list of America’s richest entrepreneurs under 40 in 2016. He is also the founder of Oculus VR and also designed the Oculus Rift which is a virtual head-mounted display. Keep reading to know more about Palmer Luckey’s net worth in 2018.
Palmer Freeman Luckey was born on September 19, 1992, in the location of Long Beach, California. His father is a car dealer, he has three younger sisters. Luckey has done schooling at home by his mother who gave him sailing lessons.
He always has an interest in engineering especially in electronics and takes graduation from Golden West College and also studied in Long Beach City College at the younger age of 15, he starts attending the lectures at the University of California State in 2010. Palmer also served the university as online Editor and wrote student newspaper as “Daily49er.”
Luckey also made several experiences when he was just a teenager and done several projects such as Tesla coils, coil guns, and lasers. He also built gaming for PC with six monitor setups and coasted it for Thousands U.S. Dollars.
Palmer also interested in virtual reality (VR) and has made a great collection of more than 50 head-mounted displays which was made him earn about $ 36,000 only by making a fix on the damaged iPhones, and also worked part-time as youth sailing coach, computer repair technician and groundskeeper. In 2009, he had searched a ModRetro forum with the help of his friend and established an online community for the “Portbilization” which deals with the old hardware devices and mix new technology in it.
Later, he also takes majored in journalism from the California State University. In this institute, Luckey worked as part-time in Mixed Reality Lab (MxR) in the Institute of Creative Technologies (ICT) from southern California University.
Luckey was become frustrated with his life and doesn’t have the ability to tackle the problems. Further, he started making experiments in his own designs and completed the first PR1 which is known for a prototype at the very young age of 17. He also made Prototypes exploring feature series like wireless, 3D stereoscopy and also 270-degree field, and also for decreasing size and weight of the device.
Luckey also started to provide the daily updates on MTBS 3D, and he named his 6th generation as “Rift” and sold it to person-to-person as a Kit in Kickstarter website. The first start was made from Oculus VR to make it launch on the site campaign.
He also showed prototype very early to the former executive of Scale form and Gaikai “Brendan Iribe,” and they invested thousands of U.S. dollars in Rift’s Kickstarter campaign. Later, Iribe becomes the CEO of Oculus VR and Michael as the Former CTO. During the campaign, Palmer gives the demonstration of the product Rift and also provides the press to other different conventions of gaming.
Awards & achievements
Luckey has been awarded in the year 2016 for the Royal Photographic Society medal of progress and also got the honorary of Fellowship. This award recognizes the inventions, research, and contributions of the Luckey, which comes with the result in the science and technologies for the development of photography and similar imaging.
Net worth of Palmer Luckey
Palmer Luckey has made a great standup with his inventions and grew his net worth more than $800 million which is estimated from the earning. He is a great designer of the Virtual Reality (VR) head-mounted display and ranked #22 on the Forbes richest entrepreneurs list of America.
His Kickstarter campaign was done great work and raised up to $2.4 billion which is more than their expectation. In March 2014, Oculus VR was also acquired by the Facebook for more than $3 billion. As the past earning, he had an estimated net worth of $700 in 2015 and raised more than $100 million at present.
Luckey had made a great platform at for his when he was just a teenager and done a different type of projects. He got the experience from his new inventions and always tried to do new. With the great earning from the beginning, he never makes himself satisfied and tried to do more with his inventions.