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Image credit: Luminar Technologies

The name Austin Russell may not be familiar to you, but it is better to remember it. At just 25 years old , the Californian is the world's youngest new billionaire thanks to his company Luminar Technologies , a startup focused on creating and commercializing technology for autonomous vehicles.

The founder and CEO of Luminar is one of the few who have managed to amass a fortune in the world of self-propelled cars. Furthermore, he is the youngest self-taught billionaire in the world.

Image: Image credit: Luminar Technologies