Though its games are free, Playrix makes money from players’ in-app purchases. ... and the chips that you have," Henrik Fisker… After Musk, the second-richest person among EV makers is Wang Chuan-Fu, founder of BYD Co., whose “Henrik and I will never get a job after if this fails, we are done,” she says. They founded Playrix in 2004 and have built it into a company with more than $1 billion in revenues —without the help of outside investors. I oversee the massive reporting effort that goes into Forbes' annual. (Each cofounder owns an estimated 10% stake in the company.) The payment triggered reported criticism from a number of banks in London; Moulding and the board brought in a remuneration expert as a result. Second, his Los Angeles-based company is public this time around, raising more than $1 billion in an October 2020 IPO. Though roomier than Tesla’s Model Y crossover, its base price is more than $12,000 cheaper. As a combined effort of brilliant minds, Tesla Motors has become the most valuable car maker in the world, recently taking over Toyota to lay claims on this title. “One of the things on my plate is to ensure that we have a stellar product.”, Wealth isn’t the purpose of the new company, Henrik says. Aston Martin, EV News, Henrik Fisker Fisker Inc is Now Valued At $2.9 Billion Despite Not Having Made A Single Electric Car by Dave Sorrendino, 15 th July 2020, 15 th July 2020 Why is Fisker Inc worth so much with so little to show? “One thing that’s on Geeta’s plate is to take more of the cost out,” says Henrik, who is Fisker Inc.’s CEO. Fisker will net about $1 billion, which will be used to ensure the Ocean makes it into production. In November Moulding was awarded about $1 billion in shares in the newly public company — a bonus that kicked in when the market valuation of THG reached an average of $8.6 billion over a 15 day period. He is best known for designing luxury cars including the BMW Z8, Aston Martin DB9, Aston Martin V8 Vantage, Fisker Karma, Galpin-Fisker Mustang Rocket, VLF Force 1 V10, VLF Destino V8, Fisker EMotion, Fisker Ocean, and Fisker Orbit. From there, she started a career in international investment for Lloyds Banking Group, and then managed investments for a high-net-worth client for several years. Chen owns about 34% of Smoore International. That would be me.”, The division of labor works. They’ve divided responsibilities with Fisker working closely with the engineers, overseeing the Ocean’s design, features and performance and planning for future models. And finally, Fisker’s stock price, up 56% since its debut, has made both Henrik and Geeta billionaires, each worth about $1.1 billion as of Friday’s market close. Tenev and his cofounder Baiju Bhatt became billionaires in 2020. The couple confesses to working round-the-clock for the past couple of years as they scramble to get their company off the ground. “Ownership is the only way to influence decisions, the right decisions,” she says. “At this point, I'm cancer-free,” she says. Xu, age 36, founded DoorDash with fellow Stanford University students Stanley Tang and Andy Fang in 2013 with the goal of providing a delivery service for restaurants. China’s move to ban online sales of e-cigarettes in late 2019 hasn’t been a deterrent. “The No. The three cofounders of restaurant delivery service DoorDash—Tony Xu, Stanley Tang and Andy Fang—all became billionaires on December 9 when their company listed its shares on the New York Stock Exchange and shares surged from the $102 IPO price to $189. prior to taxes & applicable rebates. Yes, Henrik Fisker is also in the business of designing yachts with the Benetti Fisker 50, a 50-meter (164-foot) superyacht, his first attempt at such a crazy turn in direction. In June, Forbes reported that a 20-year-old Robinhood customer committed suicide after seeing a negative $730,000 balance on his account due to options trading. One of those, on December 3, led to Luminar Technologies’ founder and CEO Austin Russell becoming the world’s youngest self made billionaire at age 25. And finally, Fisker’s stock price, up 56% since its debut, has made both Henrik and Geeta billionaires, each worth about $1.1 billion as of Friday’s market close. Fisker Inc. is planning a battery-powered SUV called the Ocean, with production slated to start in the fourth quarter of 2022—and priced around $38,000. The Orange County, California-based company won early support from influential backers, including VC powerhouse Kleiner Perkins, adoring press attention for the looks of its dramatic Karma plug-in hybrid car and even a $529 million low-cost federal loan in 2009 to build future electric models. Oct 15, 2020 9:59AM EDT. © 2021 Forbes Media LLC. Born and raised in northern Russia, the brothers started selling games online while Dmitry was still in high school. Henrik Fisker is the Chairman of the Board, President, Chief Executive Officer at Spartan Acquisition. DoorDash revenue spiked during the pandemic, with more people stuck at home; its shares surged 80% the day it went public in early December. Net Worth in 2020: $1 Million - $5 Million: Salary in 2019: Under Review: Net Worth in 2019: Pending: Salary in 2019: Under Review: House: Not … The most high profile of them are Vlad Tenev and Baiju Bhatt, the cofounders of no-fee stock trading app Robinhood , which has attracted millions of mostly millennial traders with the claim of democratizing finance. After Musk, the second-richest person among EV makers is Wang Chuan-Fu, founder of BYD Co., whose net worth has more than tripled to $14 billion. Follow me on Twitter @KerryDolan My email: kdolan[at]forbes[dot] com Tips and story ideas welcome. It went public via a SPAC merger in early December. At just 25, Austin Russell is the world's youngest self made billionaire. Isaacman, who’s just 38, dropped out of high school to work as a security consultant for a payments processor. Famed car designer Henrik Fisker has mounted a comeback seven years after the collapse of his pioneering electric vehicle company. Henrik Fisker seems straight from Hollywood central casting for the role of “famous European car designer.” A tall, blonde, handsome 57-year-old Dane, he first became known outside the car world in 1999 for styling a silver, convertible BMW Z8 roadster for Pierce Brosnan’s James Bond in The World Is Not Enough. Traditional IPOs with sky-high valuations drove other new fortunes. Despite the pandemic, the IPO market was hot in 2020. He’s sold about $100 million worth of Moderna shares in 2020. My mother wanted me to be a dentist.”. As a result, both husband and wife are billionaires — at a company that doesn’t yet have anything to sell. Fisker, Lordstown Buoyed by surging stock markets in the U.S. and China and a proliferation of IPOs and reverse mergers called SPACs, more than 200 newcomers joined the ranks of Forbes’ list of billionaires in 2020. Fisker Inc. (NYSE: FSR, or "Fisker") -- designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions -- announced that it will report its fourth quarter and full year 2020 financial results after market close Thursday, Feb. 25. Shares of vaping device maker Smoore International Holdings, which he founded in 2009, have more than doubled since listing on the Hong Kong Stock Exchange in July. Let's meet the men that would take on a challenge as big as this one... 4 Henrik Fisker On December 18 the company received emergency use authorization from the U.S. Food and Drug Administration, just days after the Pfizer-BioNTech team got approval for its coronavirus vaccine. Henrik Fisker is the Chairman of the Board, President, ... Henrik Fisker Net Worth Henrik Fisker biography. We want to help you get from A to B with beauty and purpose. Henrik Fisker (born 10 August 1963) is a Danish-American automotive designer and entrepreneur residing in Los Angeles, California. Robinhood Financial CEO Vlad Tenev, Fisker Inc. Chief Financial Officer Geeta Gupta-Fisker and DoorDash CEO and cofounder Tony Xu: three of the year's new billionaires. Investors in Byju’s include Facebook CEO Mark Zuckerberg’s Chan Zuckerberg Initiative and Chinese Internet services giant Tencent Holding; in a June 2020 fundraising, investors valued Byju’s at $10 billion. Fisker Inc., the electric vehicle startup founded by famous designer Henrik Fisker, announced more details about its upcoming SUV this week. I'm an editor overseeing Forbes' coverage of the world's wealthiest. Moderna CEO Stephane Bancel. Now, with his wife Geeta Gupta-Fisker as cofounder and chief financial officer, he has engineered the public offering of their new carmaker, Fisker Inc., thanks to a SPAC in partnership with Spartan Energy, a group from private equity firm Apollo. Parts maker Magna, which also builds vehicles under contract for BMW, Daimler, Jaguar Land Rover and Toyota, formed an alliance with Fisker in October and will build the Ocean at its Graz, Austria, plant. The couple sought a big stake in the new venture to ensure they can control its fate in a way Fisker couldn’t with his earlier company, which was mostly owned by investors including the sovereign wealth fund of Qatar and prominent Silicon Valley venture capitalists. The top shareholders of battery maker Contemporary Amperex Technology, for example, are worth $40bn collectively, up about $23bn this year. The stock has dropped about 20% since then but the company, which lost $149 million on $1.9 billion in revenue in the first nine months of 2020, still sports a whopping $45 billion market capitalization. Early in 2020, Bjyu’s had 35 million students signed up for its math and science tutoring app. Russell owns about 35% of the public company, which is expected to have 2020 revenues of $15 million. Henrik Fisker is back with big plans and few details ... Jan 28, 2020 at 7:32AM ... provides 1,000 miles' worth of charging annually. Geeta Gupta-Fisker and Henrik Fisker. Fisker plans to offer its leases at $379 monthly on a $2,999 down payment. The company went bankrupt in 2013, and its assets were purchased by China’s Wanxiang Group, which changed the name to Karma Automotive and continues to sell Fisker’s elegant plug-in hybrid as the Revero. Generous rounds of venture capital funding also helped mint new billionaires in 2020. Henrik Fisker is an auto-industry veteran whose latest venture, Fisker Inc., merged with a private-equity firm and is valued at almost $3 billion. About; Store; Reserve $ 37,499 USD. In 2007, he founded Fisker Automotive, which made one of the world’s first plug-in cars, before failing spectacularly six years later. Bancel — one of 50 new healthcare billionaires in 2020 — is CEO of Boston-area biotech firm Moderna, which achieved the remarkable feat of rapidly producing a vaccine to treat Covid-19. Robinhood neither admitted nor denied the SEC charges. The … The auto industry has seen father-son and sibling leadership teams, but Fisker Inc.’s CEO-CFO combo is the fast-changing sector’s first husband and wife power couple. His company was the second to have a Covid-19 vaccine approved by the U.S. Food and Drug Administration in late December. Wang Chuan-Fu, founder of BYD Co., has seen his net worth more than triple to $14 billion. During the pandemic, they stick to working from individual offices in their West Hollywood home “to avoid kicking each other under the table,” Henrik says. Find me on Twitter at @alanohnsman, © 2021 Forbes Media LLC. (Fisker confirms four models in the works by 2025 — including all-electric pickup truck.) So far, more than 10,000 people have paid $250 each to reserve one. All Rights Reserved. But success wasn’t in the cards. A native of India, she holds multiple degrees in science, including a Ph.D. in biotechnology from Cambridge University where she was also a Research Newton Fellow. The top shareholders of battery maker Contemporary Amperex Technology Co, for example, are worth $40 billion collectively, up about $23 billion this year. In 2014, I won an Overseas Press Club award for an article I wrote about Saudi Arabian billionaire investor Prince Alwaleed bin Talal; I also won a Gerald Loeb Award with co-author Rafael Marques de Morais for an article we wrote about Isabel dos Santos, the eldest daughter of Angola's former president. “We're not doing this to get rich. Bukhman, age 35, and his brother Igor, 38, own and run online gaming upstart Playrix, best known for the free mobile-app games Fishdom and Homescapes. The left side is the data-driven analytical brain. Source of wealth: trading app Robinhood Financial, Tenev and his cofounder Baiju Bhatt became billionaires this year after their stock trading app, Robinhood Financial, raised $800 million from investors, valuing the company at more than $11 billion. scroll. Xu was born in China but moved to the U.S. with his parents when he was five so his dad could pursue a PhD in aeronautical engineering at Univ. Fisker is buying most of its core components–including the batteries and electric motors–from outside suppliers. In the early 2000s he ran Aston Martin’s famed design studios before serving as an early design consultant to Elon Musk’s Tesla. Nearly 250 SPACs went public in 2020, according to SPACInsider. Her medical therapy concluded in November. He founded automotive sensors maker Luminar Technologies. Base price. Geeta handles finance, taxes, investor relations and negotiations with suppliers to ensure the Ocean arrives with that promised $37,499 base price. They range from China’s first vaping billionaires to the richly-paid founder of an e-commerce firm in the U.K. to the husband and wife behind an electric car company that has yet to produce a car—and aims to take on Tesla. The $100,000-plus car suffered a string of setbacks, including faulty battery packs, technical glitches and even a hurricane that trashed an entire shipment of luxury cars. Then, just as they were locking in plans for the IPO back in July, they were hit by a highly unwelcome complication: Geeta learned she had early-stage breast cancer. Affordability is a key selling point. 1 technology in vehicles in the future is software, and the chips that you have,” Henrik Fisker, co-founder of electric-vehicle maker Fisker, said in a … The Fiskers appear to be the auto industry's first husband-wife power couple, leading the newly public startup as its CEO and CFO. It’s been a rocky road, as Forbes reported in an investigation over the summer. “I'm in a different position, mainly because of Geeta. Because what you don't want is a repetition of what happened last time, when other people come in and make the decisions.”. From Los Angeles, America's capital of cars and congestion, I try to make sense of technology-driven changes reshaping how we get around. Because she cuts the deals.”. No fixed term, unlike Tesla’s 36-month minimum. Fisker's all-electric, zero-emissions Fisker Ocean is the world’s greenest car. Despite that bombshell, she continued working with banks and investors in the weeks that followed, even as she underwent two surgical procedures and radiation therapy. Source of wealth: electric car startup Isaacman sold a majority stake in Draken to Wall Street firm Blackstone in 2019 for a nine-figure sum. Henrik Fisker - Net Worth, Insider Trades Net Worth and Insider Trades. “She got the call (from her doctor) during a call with investors,” Henrik says. To get the new venture off the ground, the Fiskers invested the majority of their life savings–an enormous financial risk given the fate of Henrik’s prior company. The company’s vice general manager, Xiong Shaoming, owns about 5%, a stake worth about $2.3 billion. Russell’s Luminar Technologies makes sensors to help autonomous cars “see” their surroundings by bouncing a laser beam off objects in their path. Byju Raveendran, founder and CEO of BYJU'S learning app, whose investors include Mark Zuckerberg's Chan Zuckerberg Initiative, Chinese Internet services giant Tencent Holdings and U.S. venture capital firm Sequoia. Former math teacher Raveendran, age 39, founded edtech company Byju’s in 2011. The Fiskers describe the new venture as a “digital car company” that’s outsourcing production instead of building its own factories to hold down costs. We want to make really cool green cars, affordable cars.”. All Rights Reserved, This is a BETA experience. Geeta Gupta-Fisker cofounded electric car startup Fisker Inc. with her husband Henrik Fisker. I follow technology-driven changes reshaping transportation. Forbes estimated the net worth of Dr Robin Zeng, CATL founder and CEO, at $13.1 billion in June 2020. Take the Fisker Ocean, a battery-powered SUV they have promised to start selling for around $38,000 in 2022. He left Stanford to become a Thiel fellow—a program launched by billionaire Peter Thiel that pays young entrepreneurs $100,000 to drop out and pursue their startup ideas. of Illinois at Urbana-Champaign; his mother, a doctor in China, was unable to practice the U.S. so she worked three jobs for 12 years, including as a server at a local Chinese restaurant, where Xu writes that he got “a front row seat as a dishwasher.” Xu started DoorDash, he writes in the company’s prospectus, to help people like his mom. His restaurant delivery service listed its shares in a blockbuster IPO in December 2020. the world’s youngest self made billionaire, managed to take it public during the pandemic, reported that a 20-year-old Robinhood customer. Elon Musk, left, and Jeff Bezos have added well over 200 billion in net worth in recent years. The electric Fisker Ocean arrives in 2022 with a base price of about $37,500. The five-seater has a base price of just $37,499 (before federal and state incentives that could knock about $10,000 off the purchase price). She met her future husband in 2011 when he was visiting London, just before things started going very wrong at Fisker Automotive. Citizenship: U.K. and U.S. I would almost say it’s a right-brain/left-brain-type segregation,” Geeta, 46, tells Forbes. You might recall that noted designer of the BMW Z8 and Aston Martin V8 Vantage, Henrik Fisker, is designing a new, all-electric SUV. First and foremost, he has a vital new partner: his wife, cofounder and Fisker Inc. CFO Geeta Gupta-Fisker. Credit: REUTERS/Allison Joyce ... worth about $3 billion, Fisker Chief Executive Henrik Fisker told Reuters. You may opt-out by. The yacht, which features six bedrooms, floor-ceiling windows, a fireplace, a home theater and a ceiling that looks like the sky, was supposed to be released in 2018. Find me on Twitter at, From Los Angeles, America's capital of cars and congestion, I try to make sense of technology-driven changes reshaping how we get around. They married in 2012. An early rival to Musk’s Tesla (who hired Fisker as a consultant for the car that became the Model S–and unsuccessfully sued him for breach of contract), Fisker Automotive was equal parts shooting star and cautionary tale. John Locher/AP and Odd Andersen/AFP via Getty Images. His wife Divya, a former student of Raveendran’s, helps run the company and sits on the board. He also built an online payments-processing company called Shift4Payments and managed to take it public during the pandemic. The net worth of He Xiaopeng, chairman of XPeng Inc, has jumped more than 600 per cent. Slide 1 of 4. Fisker Automotive was a hard lesson because its namesake, who was also design chief, CEO and a board member lacked one crucial title: owner. ... Llcglazer Paul J G... on 6 July 2020, trading 859,504 units of SPAQ stock currently worth … 1 technology in vehicles in the future is software, and the chips that you have," Henrik Fisker, co-founder of electric-vehicle maker Fisker Inc, said in a recent webcast. DoorDash cofounder and CEO Tony Xu in a 2014 photo. In a statement to Forbes, Robinhood said, “We are fully transparent in our communications with customers about our current revenue streams.”, I'm a San Francisco-based Assistant Managing Editor with a focus on the world's richest people. Hello, we’re Fisker. The company runs more than 150 mobile-friendly websites selling fashion, nutrition (My Protein) beauty supplies (Look Fantastic) and more, with next-day delivery to U.K. customers and sales to customers in 164 countries. “We have very different styles of working. Robinhood Financial cofounder and CEO Vlad Tenev with his wife Celina Tenev in a November 2019 photo. The stylish Ocean, unveiled at CES in Las Vegas last January, won’t try to appeal to consumers just on its looks and its heavy use of recycled materials. “When I left Fisker Automotive, all I had was my car,” Henrik remembers. “That's why when we structured the deal…what was really important for us was super-voting rights. She works tirelessly.”, But Geeta is also mindful of the risks if things don’t go right for the new company. In mid December the Securities and Exchange Commission fined Robinhood $65 million for failing to disclose, until late 2018, its business deals with high-speed trading firms. We want to change the way you move. As part of the deal, Magna also acquired a 6% stake in Fisker. Bancel, who’s been CEO of Moderna since 2011, owns about 6% of the company’s stock. The new vehicle ­â€“ Henrik Fisker’s second go-round to build an EV – is expected to begin getting delivered to customers during the second half of 2022. Smoore International makes vaping devices and components for customers including RELX — one of China’s biggest brands — as well as Japan Tobacco, British American Tobacco and U.S. firm NJOY. The current net worth of Tesla $773 billion. Russell, an optics whiz, came up with the idea for his automotive sensor company when he was just 17 and studying physics at Stanford. Here are 10 of the most notable new billionaires in 2020: Chen, age 45, has ridden a wave of demand for vaping devices. Dec 3, 2020, 12:18 pm SGT; More. The company, headquartered in Ireland, has 2,500 employees across Russia, Ukraine and Belarus. A listing via SPAC has turned both of them into billionaires, with no car on the market yet. Moulding founded Manchester based e-commerce company, The Hut Group, in 2004 and took it public as THG Holdings in September 2020. Get Forbes' daily top headlines straight to your inbox for news on the world's most important entrepreneurs and superstars, expert career advice, and success secrets. “I never got into cars because of money. In August, Forbes spelled out in a deep dive that Robinhood was designed to profit by selling its customers’ trading data to the very sharks on Wall Street who have spent decades—and made billions—outmaneuvering investors. Now he’s back–and three things are different. Henrik is an auto industry celebrity, but Geeta’s background is equally impressive. “It was a couple of months of downtime from a movement perspective, but I'm recovering and much better.”, Henrik, who marvels at her fortitude throughout the health crisis says, “she only missed something like one day of work...That's just how she is. One driver was the sharp increase in listings of special purpose acquisition companies, or SPACs — essentially blank check companies looking to acquire a business. 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