I’m a university dropout & my side hustle made me the world’s youngest self-made billionaire…college isn’t for everyone
THIS self-starter began his company Luminar Technologies as a side hustle in 2012 and now he’s worth an astounding £2billion.
Austin Russell, 28, is the world’s youngest self-made billionaire and has revealed he recommends dropping out of university – as it’s how he found his success.
He revealed to CNBC: “College is not for everyone. It’s sort of the traditional approach around what you do and what you’re supposed to do.
“All this information is available at our fingertips now online. This is not something that was true 50 years ago, but it totally is true now.”
Austin came up with the idea for his successful company when he was still studying at Stanford.
Luminar develops laser radar sensor technology for self driving cars, which were only beginning when Austin left university in 2012.
Austin dropped out after receiving a £80,000 grant to kick start his side hustle into a full blown business.
He became a billionaire almost instantly after Luminar was listed on the stock market in December 2020.
Despite his luck with the grant, he said he still recommends anyone drop out of university.
But the key to turning his side hustle into a billion pound business is one thing: initative.
Austin explained: “You have to have the drive to do it. And particularly as an entrepreneur, there is no one that will be holding your hand along the way.
“You are directly accountable for at least all the things that are in your control, like what you do, what milestones you meet and what kind of product you ultimately deliver to the world.
“I’ve been very fortunate and thankful to see great success at still a very early age.”
Another woman revealed how she made over £1million from her side hustle and was able to leave her 9 to 5 job.
Becca took to TikTok to explain the simple part-time gig that see’s her raking in jaw-dropping amounts of cash every month.
“It’s called digital marketing,” she says.
Explaining what this enticing job entails, she says: “It’s when you market for other brands and earn commissions when people buy”.
She dives into different examples of digital marketing that are easily accessible such as Pinterest pins, paid Facebook ads, Google ads and social media.