“At this point, I'm cancer-free,” she says. Isaacman sold a majority stake in Draken to Wall Street firm Blackstone in 2019 for a nine-figure sum. Fisker plans to offer its leases at $379 monthly on a $2,999 down payment. ... Llcglazer Paul J G... on 6 July 2020, trading 859,504 units of SPAQ stock currently worth … Fisker will net about $1 billion, which will be used to ensure the Ocean makes it into production. 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. “She got the call (from her doctor) during a call with investors,” Henrik says. It went public via a SPAC merger in early December. Dec 3, 2020, 12:18 pm SGT; More. 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 current net worth of Tesla $773 billion. (Each cofounder owns an estimated 10% stake in the company.) 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. Because what you don't want is a repetition of what happened last time, when other people come in and make the decisions.”. 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. Range is targeted to be about 250 miles per charge. 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. Bancel, who’s been CEO of Moderna since 2011, owns about 6% of the company’s stock. 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 … No fixed term, unlike Tesla’s 36-month minimum. “The No. As part of the deal, Magna also acquired a 6% stake in Fisker. Henrik Fisker is back with big plans and few details ... Jan 28, 2020 at 7:32AM ... provides 1,000 miles' worth of charging annually. “I'm in a different position, mainly because of Geeta. scroll. 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. 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. 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. A listing via SPAC has turned both of them into billionaires, with no car on the market yet. 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. “He didn’t own even one share of the company,” Geeta says. “Ownership is the only way to influence decisions, the right decisions,” she says. She met her future husband in 2011 when he was visiting London, just before things started going very wrong at Fisker Automotive. 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. “Right brain is the creative side, so that's Henrik. So far, more than 10,000 people have paid $250 each to reserve one. 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. The left side is the data-driven analytical brain. (Fisker confirms four models in the works by 2025 — including all-electric pickup truck.) Second, his Los Angeles-based company is public this time around, raising more than $1 billion in an October 2020 IPO. Net worth: $1.2 billion each. Find me on Twitter at @alanohnsman, © 2021 Forbes Media LLC. The Fiskers appear to be the auto industry's first husband-wife power couple, leading the newly public startup as its CEO and CFO. All Rights Reserved, This is a BETA experience. 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. At just 25, Austin Russell is the world's youngest self made billionaire. Base price. DoorDash revenue spiked during the pandemic, with more people stuck at home; its shares surged 80% the day it went public in early December. 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. 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. We're doing this because we want to make an amazing company that makes amazing cars. 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. © 2021 Forbes Media LLC. Geeta Gupta-Fisker and Henrik Fisker. 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. I'm a San Francisco-based Assistant Managing Editor with a focus on the world's richest people. He’s sold about $100 million worth of Moderna shares in 2020. As a result, both husband and wife are billionaires — at a company that doesn’t yet have anything to sell. Let's meet the men that would take on a challenge as big as this one... 4 Henrik Fisker One driver was the sharp increase in listings of special purpose acquisition companies, or SPACs — essentially blank check companies looking to acquire a business. 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. Over more than two decades, reporting for Forbes has taken me to 17 countries on four continents, from the streets of Manila to palaces in Saudi Arabia and Mexico's presidential residence. In the early 2000s he ran Aston Martin’s famed design studios before serving as an early design consultant to Elon Musk’s Tesla. In 2007, he founded Fisker Automotive, which made one of the world’s first plug-in cars, before failing spectacularly six years later. Despite the pandemic, the IPO market was hot in 2020. Nearly 250 SPACs went public in 2020, according to SPACInsider. 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 payment triggered reported criticism from a number of banks in London; Moulding and the board brought in a remuneration expert as a result. “The No. The … 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. “That's why when we structured the deal…what was really important for us was super-voting rights. Fisker Automotive was a hard lesson because its namesake, who was also design chief, CEO and a board member lacked one crucial title: owner. I would almost say it’s a right-brain/left-brain-type segregation,” Geeta, 46, tells Forbes. First and foremost, he has a vital new partner: his wife, cofounder and Fisker Inc. CFO Geeta Gupta-Fisker. Citizenship: U.K. and U.S. 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. Geeta handles finance, taxes, investor relations and negotiations with suppliers to ensure the Ocean arrives with that promised $37,499 base price. 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 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. Famed car designer Henrik Fisker has mounted a comeback seven years after the collapse of his pioneering electric vehicle company. 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. You might recall that noted designer of the BMW Z8 and Aston Martin V8 Vantage, Henrik Fisker, is designing a new, all-electric SUV. She works tirelessly.”, But Geeta is also mindful of the risks if things don’t go right for the new company. 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. 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. 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. Robinhood neither admitted nor denied the SEC charges. The couple confesses to working round-the-clock for the past couple of years as they scramble to get their company off the ground. In 2011, Isaacman, who flies fighter jets for fun, founded Draken International, a defense firm that trains Air Force pilots and owns the world's largest private fleet of military aircraft. It’s been a rocky road, as Forbes reported in an investigation over the summer. the world’s youngest self made billionaire, managed to take it public during the pandemic, reported that a 20-year-old Robinhood customer. 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? Her medical therapy concluded in November. “I never got into cars because of money. Russell, an optics whiz, came up with the idea for his automotive sensor company when he was just 17 and studying physics at Stanford. Early in 2020, Bjyu’s had 35 million students signed up for its math and science tutoring app. We want to help you get from A to B with beauty and purpose. Oct 15, 2020 9:59AM EDT. My mother wanted me to be a dentist.”. Geeta Gupta-Fisker cofounded electric car startup Fisker Inc. with her husband Henrik Fisker. They married in 2012. Henrik Fisker is the Chairman of the Board, President, Chief Executive Officer at Spartan Acquisition. The former gets me to use my rusty Spanish and Portuguese. 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. 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. Moderna CEO Stephane Bancel. 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. 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. Russell owns about 35% of the public company, which is expected to have 2020 revenues of $15 million. After Musk, the second-richest person among EV makers is Wang Chuan-Fu, founder of BYD Co., whose 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. The electric Fisker Ocean arrives in 2022 with a base price of about $37,500. His wife Divya, a former student of Raveendran’s, helps run the company and sits on the board. Chen owns about 34% of Smoore International. “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. Nearly one fourth of them made their fortunes in healthcare. 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). “One thing that’s on Geeta’s plate is to take more of the cost out,” says Henrik, who is Fisker Inc.’s CEO. 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. Traditional IPOs with sky-high valuations drove other new fortunes. Because she cuts the deals.”. Moulding founded Manchester based e-commerce company, The Hut Group, in 2004 and took it public as THG Holdings in September 2020. 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. Robinhood Financial cofounder and CEO Vlad Tenev with his wife Celina Tenev in a November 2019 photo. The top shareholders of battery maker Contemporary Amperex Technology Co, for example, are worth $40 billion collectively, up about $23 billion this year. 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. Credit: REUTERS/Allison Joyce ... worth about $3 billion, Fisker Chief Executive Henrik Fisker told Reuters. Affordability is a key selling point. 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. They’ve divided responsibilities with Fisker working closely with the engineers, overseeing the Ocean’s design, features and performance and planning for future models. 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. The company’s vice general manager, Xiong Shaoming, owns about 5%, a stake worth about $2.3 billion. Follow me on Twitter @KerryDolan My email: kdolan[at]forbes[dot] com Tips and story ideas welcome. “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. From Los Angeles, America's capital of cars and congestion, I try to make sense of technology-driven changes reshaping how we get around. Forbes estimated the net worth of Dr Robin Zeng, CATL founder and CEO, at $13.1 billion in June 2020. Fisker's all-electric, zero-emissions Fisker Ocean is the world’s greenest car. Now he’s back–and three things are different. His company was the second to have a Covid-19 vaccine approved by the U.S. Food and Drug Administration in late December. The net worth of He Xiaopeng, chairman of XPeng Inc, has jumped more than 600 per cent. Hello, we’re Fisker. “Henrik and I will never get a job after if this fails, we are done,” she says. 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. We want to make really cool green cars, affordable cars.”. John Locher/AP and Odd Andersen/AFP via Getty Images. 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. The company, headquartered in Ireland, has 2,500 employees across Russia, Ukraine and Belarus. 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. 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. He founded automotive sensors maker Luminar Technologies. prior to taxes & applicable rebates. Generous rounds of venture capital funding also helped mint new billionaires in 2020. ... and the chips that you have," Henrik Fisker… 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. 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. His restaurant delivery service listed its shares in a blockbuster IPO in December 2020. DoorDash cofounder and CEO Tony Xu in a 2014 photo. 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