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Palmer Luckey Net Worth

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Palmer Luckey's Net Worth as of 2024
$700 Million

Palmer Freeman Luckey was born on the 19th September 1992 in Long Beach, California USA, and is a businessman and entrepreneur. Probably best known for having founded Oculus VR, and invented Oculus Rift – a virtual reality head-mounted display that allows users to experience different virtual realities.

Have you ever wondered how much wealth has this young genius accumulated so far? How rich Palmer Luckey is? According to sources, the total amount of Palmer’s net worth, as of early 2016, is estimated at $700 million including a $120,000 worth Tesla model S automobile. Yes, you read it correctly – seven hundred million! Forbes ranked him in 2015 America’s Richest Entrepreneur Under 40 list at #26.

Palmer Luckey Net Worth $700 Million

Palmer was raised in his home town, among three younger sisters; his father was a car dealer, and Palmer was home-schooled by his mother, plus took sailing lessons on the side. Even then he showed an interest in electronics. He attended Golden West College and Long Beach City College before enrolling at California State University in Long Beach, perhaps surprisingly majoring in journalism – he served as an online editor of Daily 49er, university’s student-run newspapers.

While a teenager, Palmer had experimented with various high-voltage electronic devices such as Tesla coils and lasers. He even built a PC with six monitors, all by himself, apparently costing tens of thousands of dollars. His interest in virtual reality has lead him to creating a unique collection of over 50 different headsets. By fixing damaged iPhones and reselling them, he managed to earn more than $36,000 – which provided the basis for his impressive net worth and enabled him to fund his future projects.

During his stay at university, Palmer’s enthusiasm for VR and skill with electronics was recognized and he became a part-time engineer at the Mixed Reality Lab (MxR) at the Institute for Creative Technologies (ICT) as well as a part of a design team at the University of Southern California, in the cost-effective virtual reality section. In 2011, at the age of 18, Palmer Luckey created his first VR prototype, called CR1, in his parents’ garage. In the next 10 months, Palmer developed a series of prototypes, exploring different features and including them in his VR headsets. The sixth generation, named “Rift”, slightly improved by John Carmack, game developer of id Software, was publicly presented at the Electronics Entertainment Expo in 2012, gaining the attention of thousands of people. Palmer dropped out of university and decided to focus on development of VR headsets, which, judging by his subsequent growth of his net worth, was the right decision.

Palmer Luckey founded Oculus VR and started a Kickstarter campaign with the goal of funding Oculus Rift. The campaign was a huge success, raising $2.4 million in the period of a month. In 2014, Mark Zuckerberg’s Facebook acquired Oculus VR for $2.3 billion, in stock and cash, making Palmer Luckey a millionaire – this is the main source of his huge fortune. Later in the same year, Palmer won an American Ingenuity Award in the Youth Category by the Smithsonian magazine.

When it comes to his personal life, there are no rumors, controversies or scandalous affairs connected to Palmer Luckey, although he is very active on various social networks; any relationship is still private. His wealth hasn’t change him a bit – he is still the same as the kid experimenting with electronics in his parents’ garage. The general impression in the media, and as his friend say, is that Palmer is a modest, young man. He can often be seen in public in his casual clothing, wearing Hawaiian shirts and sandals.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Actresses

Milla Jovovich Net Worth

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Milla Natasha Jovovich was born on 17 December 1975, in Kiev, Ukraine (then in the USSR), and is a model, actress and singer, perhaps best known for her breakthrough role in the film “The Fifth Element” in 1997, with Bruce Willis and Gary Oldman.

So just how rich is Milla Jovovich, as of late 2017? Authoritative sources estimate that Milla has a net worth of over $45 million, accumulated from her various career elements spanning almost 30 years since she began modelling in 1987.

Milla Jovovich Net Worth $45 Million

Milla had a really unusual childhood, maybe that’s one of the reasons for her multi-million dollar net worth. Jovovich started her carrier in modeling from the early age of nine, a few years after she and her parents moved from Ukraine, which at that time belonged to the Soviet Union, to Los Angeles, California, in 1980. She even dropped out of school at the age of 12, when Gene Lemuel discovered her, and she signed a contract with Prima Modeling Agency. Milla Jovovich  was covered by magazines including Vogue, Glamour, Madmoiselle, Cosmopolitan, Seventeen, and has been advertising brands including L’oreal, Christian Dior, Calvin Klein, Donna Koran, Revlon for many years.

However, exclusive looks and beauty was not the only value she had: Milla Jovovich has a great voice, a talent to write songs, design fashion and find herself in acting as well. Milla started her acting career in 1988 in the film “Two Moon Junction”, but the roles that gave this girl much more attention were in “Dazed and Confused” in 1993 and “The Fifth Element” in 1997 directed by Luc Besson, in which she worked with Bruce Willis. Of course, subsequently all five films based on “Resident Evil” made Milla Jovovich’s popularity and net worth go through the roof. The original movie was so successful that it was even turned into a video game.

Between her acting in those two movies, Milla tried the shoes of a singer and a song writer, and released her debut album – “The Divine Comedy – which was really appreciated by the audience and critics and even received positive feedback from Rolling Stone magazine’s, John McAlley; in his opinion the album was remarkable. In 1999 Milla Jovovich became a member of the band named Plastic Has Memory, and performed some gigs in New York and Las Vegas, but unfortunately not with her new band, and Milla has never released a second album.

As for her career in fashion, Milla launched her first line in 2003, and her brand was successful until 2008 when she decided to close her business because of lack of time, which is perhaps no surprise, assuming that all of her free time was taken-up by her daughter Ever Gabo Anderson, who was born in 2007.

As for other details of Milla’s personal life, aside from several well-known relationships, she has married three times, all husbands met when taking some part in films in which she was acting. She first married Shawn Andrews in 1992, which was apparently quickly annulled by her mother; ironically, he and Milla were starring in “Dazed and Confused”! The second was with the director of “The Fifth Element” – Luc Besson (1997-99), and she has been married to Paul W. S. Anderson, who worked with Jovovich on the set of “Resident Evil”, since 2009, and he is the father of her two daughters. The family is based in Los Angeles.

Milla is something of a philanthropist too, and often participates in and supports various charities including UNICEF, World Education, Ovarian Cancer Research Fund and many more.

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Musicians

Tracy Byrd Net Worth

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Tracy Lynn Byrd was born on 17 December 1966, in Vidor, Texas USA, and is a country music artist, best known for releasing hit songs including “Holdin’ Heaven” and “Ten Rounds with Jose Cuervo”. He’s signed to MCA Nashville Records; all of his endeavors have helped put his net worth to where it is today.

How rich is Tracy Byrd? As of early-2017, sources estimate a net worth that is at $10 million, mostly earned through a successful career in country music. He’s had more than 30 hit singles and has a double platinum certification from one of his albums. As he continues his career it is expected that his wealth will increase.

Tracy Byrd Net Worth $10 million

Tracy attended Vidor High School, and after matriculating in 1985, went to Lamar University, and then to Texas State University to study business. During his time there, he performed with a local band called Rimfire; during a recording session at a local mall, he performed a cover of “Your Cheatin’ Heart” which impressed the studio owner, who then submitted his cover to a local contest, and it led to Byrd being signed by MCA Records in 1992.

In the same year, Tracy released his first single entitled “That’s the Thing About a Memory”. His first few songs would not hit the Top 40 charts; but in 1993 he released the hit “Holdin’ Heaven”., included on his self-titled debut album which would go on to get gold certification. He followed it up with another album release called “No Ordinary Man”, which would become his highest selling album, earning double-platinum certification having sold over two million copies in the US. All of the singles he released from the album charted, and the song “The Keeper of the Stars” won a Country Music Association award for Song of the Year. In 1995, he released his third album – “Love Lessons” – but it had a decline in popularity, although still earning gold certification, and it led to a fourth album entitled “Big Love”. The lead single of the album reached the Top Five along with the song “Don’t Take Her She’s All I Got”. His final studio album for MCA was released in 1997, and was entitled “I’m from the Country”. His net worth was rising steadily.

In 1999, Byrd was signed by RCA Records and worked on the album “It’s About Time”, which featured more country pop songs, but no singles reached the Top 40. Three years later he worked on “Ten Rounds” which went back to the traditional country sound, and this time songs hit the charts, especially “Ten Rounds with Jose Cuervo” which became his second number one hit. In 2003, he released “The Truth About Men”, which featured artists such as Blake Shelton and Montgomery Gentry; he had another top 10 hit in “Drinkin’ Bone”. The following year, he released a greatest hit albums, and it was followed by the album “Different Things” which was produced by the Blind Mule label. His net worth continued to improve.

For his personal life, it is known that Tracy is married to Michelle since 1991,and they have two children. The family resides in Beaumont, Texas. In 2009, he took a break from the music industry to take care of his family. Byrd has also been known to do charity work, hosting an annual music event as well as becoming a National Spokesperson for the Special Olympics.

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