Portrait of Palmer Luckey

Rank #850

Palmer Luckey

Net worth $5.0B

Virtual reality, defense technology · United States

Born
Sep 19, 1992
Age
33
Source
Virtual reality, defense technology
Residence
Newport Beach, California
Citizenship
United States
Marital status
Single
Children
0
Education
Drop Out, California State University, Long Beach

Net worth over time

Biography

  • Palmer Luckey founded virtual reality company Oculus VR in 2012 and sold it to Facebook in 2014 for $2 billion in cash and stock.
  • He built the company's first offering, the Oculus Rift virtual reality headset, when he was 16 years old. He left Facebook in 2016.
  • In 2017, he founded defense startup Anduril, which private investors valued at $30.5 billion in its latest funding round in June 2025.
  • Luckey grew up in Long Beach, California, where he was home-schooled by his mother and spent time working on cars with his father.
  • After upgrading old video game consoles to make them mobile, he started collecting bulky VR headsets and tinkering with them.

Financial assets

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