Successful American businessman, inventor and entrepreneur, Palmer Luckey has an estimated net worth of $500 million. Born in Long Beach, the United States of California on 19 September 1992. Palmer, once a writer and online editor for the California State University, Long Beach’s student-run newspapers, Daily 49er. He is widely recognized as the founder of Oculus VR and his investment in the Oculus Rift which is a virtual reality head mounted display. He experimentation with high voltage electronics when he was a teenager and he built a computer costing tens of thousands of dollars with six monitors. He built up a collection of over 50 various head mounted displays and funded it by fixing and re-selling damaged iPhones. When he was at the age of 18, he created the first prototype CR1. His 6th generation was called the Rift and he generated money via Kickstarter in which his Kickstarter campaign raised $2.4 million, approximately 974% of the originally expected target. In 2014, Oculus VR struck an agreement with Facebook on a $2 billion acquisition, with Palmer’s founder’s share estimated to be worth millions. Palmer also won the Smithsonian magazine’s American Ingenuity Award in the Youth category in that year. He has been described as polite and upbeat with omnivorous curiosity.