![]() Just two months after that, records indicate he paid another $10.6 million for a 13,000-square-foot mansion in Winter Park, Florida, only 11 miles from Luminar’s Orlando headquarters. The very next day, on July 2nd, he closed on the $83 million Los Angeles estate. Russell’s $220 million stock sale closed on July 1, 2021. According to Luminar’s public disclosures, the big stock sale was done “ estate and financial planning purposes.” That estate planning included the purchase of nearly $100 million in California and Florida luxury real estate, apparently. Initially based in Silicon Valley but now headquartered in Orlando, Luminar develops laser-based radar sensor tech for automobiles, specifically for those upcoming models with yet-to-be-released autonomous driving features.īut that money situation changed a few months ago, when Russell sold roughly 10% of his Luminar stock holdings – some 10.5 million shares – a move that netted him more than $220 million in cash. According to multiple sources - and now confirmed by a thorough cross-examination of property records - the buyer was actually Austin Russell, the 26-year-old tech wunderkind who’s CEO and founder of self-driving car automation pioneer Luminar.įounded in 2012, Luminar initially operated in stealth mode, and it remained largely unknown to the public until 2017, when the company began partnering with many of the world’s largest carmakers. It’s probably no wonder, because it turns out that camera-shy “mystery crypto buyer” doesn’t actually exist. At the time, rumors swirled that the buyer was a “mystery crypto billionaire,” who had quickly ridden the bitcoin wave to overnight riches, though months passed and still everyone was strangely unable to name the crypto investor in question. One of those occasions was back in July, when we erroneously reported on an $83 million house sale in Pacific Palisades. Though Dirt prides itself on accuracy, occasionally we do get it wrong. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |