Rank #3387
Trae Stephens
Net worth $1.0B
Defense technology · United States
- Born
- Nov 17, 1983
- Age
- 42
- Source
- Defense technology
- Residence
- San Francisco, California
- Citizenship
- United States
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- An early employee at Palantir, cofounder and board chairman Peter Thiel called Stephens one day to recruit him to Thiel's VC firm Founders Fund.
- Stephens cofounded the defense tech company Anduril in 2017 alongside Oculus founder Palmer Luckey. Stephens remains executive chairman of the company.
- Stephens led Founders Fund's investment in the supply chain logistics platform Flexport and his company, Anduril, which private investors valued at $30.5 billion in its latest funding round in June 2025.
- Stephens is also a cofounder of Sol, a startup making eyeglasses with Kindle-style lenses for "immersive reading."
- He began his career in the office of then-Congressman Rob Portman and in the Political Affairs Office at the Afghan embassy in Washington, D.C.