25-Year-Old Luminar Founder Set to Become Billionaire Through SPAC Deal

You've heard of tech billionaires Musk and Zuckerberg. Well, now there's Russell -- 25-year-old Austin Russell, to be exact.

This enterprising young man dropped out of Stanford in 2013 to found Luminar, a tech start-up developing light detection and ranging (LIDAR) technology for the self-driving vehicle industry.

Like many other automotive tech companies in recent months, Luminar is set to go public through a reverse merger with special purpose acquisition corporation (SPAC) Gores Metropoulos (NASDAQ: GMHI). That merger is expected to make Russell one of the world's youngest billionaires. 

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Source Fool.com