R. J. Scaringe Explained

RJ Scaringe
Birth Date:19 January 1983
Birth Place:Rockledge, Florida, U.S.
Founder and CEO of Rivian Automotive, Inc.
Education:Rensselaer Polytechnic Institute (BS, 2005)
Massachusetts Institute of Technology (MS, 2007; PhD, 2009) Gallagher, Mary Beth,"Alumni Profile: RJ Scaringe SM ’07, PhD ‘09", MIT Department of Mechanical Engineering News, November 24, 2019."Transportation Transformation", RPI Alumni magazine, Fall 2019
Spouse:Meagan McGone (m. 2014)
Children:3

Robert "RJ" Scaringe (born January 19, 1983) is an American entrepreneur and engineer who founded and serves as CEO of electric vehicle manufacturer Rivian.[1] [2] [3] [4]

Early life and education

Robert Joseph Scaringe was born on January 19, 1983.[5] His father, also named Robert Scaringe, is an engineer and founder of Mainstream Engineering Corporation.[6] Scaringe grew up a car enthusiast, restoring them in his neighbor's garage. After learning of the great negative environmental effects of cars, however, he decided to focus his life on creating a more sustainable and environmentally friendly transportation system.[7]

Scaringe grew up in Melbourne, Florida.[8] He attended Melbourne Central Catholic High School.[9] Scaringe received his bachelor's degree in mechanical engineering from Rensselaer Polytechnic Institute. He then received a master's degree in mechanical engineering at the Massachusetts Institute of Technology (MIT) and went on to also receive a doctorate in mechanical engineering at MIT's Sloan Automotive Lab.[10] [11]

Personal life

Scaringe married Meagan McGone in Michigan in August 2014. The couple have three children together.[12]

According to Forbes, Scaringe's net worth was estimated at $3.4 billion as of April 2021, but he lost his billionaire status in March 2022 due to Rivian's declining share value.[13] [14]

Career

Scaringe returned to Rockledge, Florida, and founded Mainstream Motors in the year of 2009 as the sole employee. The name of the company changed to Rivian Automotive in 2011.[15] [16]

On November 10, 2021, Rivian went public, listing its shares on the Nasdaq.[17]

Scaringe is chairman of the board and has 9.5% voting power. Additionally, he has complete veto power over board decisions due to his 100% ownership of the company's class B shares.[18] In total, Scaringe owns about 1.4% of Rivian.

Notes and References

  1. News: Schwartz . Nelson D. . July 2, 2019 . Meet the Man Quietly Building the Tesla of Trucks, With Jeff Bezos Aboard . en-US . The New York Times . September 11, 2021 . 0362-4331.
  2. Web site: Joyner . April . Rivian's founder, R.J. Scaringe, is a billionaire, in spite of his company having sold almost no vehicles in its twelve years of existence, but his stake in the $91 billion company is surprisingly small. Amazon owns much more. . November 11, 2021 . Business Insider . en-US.
  3. Web site: Meet the CEO: RJ Scaringe of electric vehicle maker Rivian Technology & AI . November 11, 2021 . Business Chief North America . November 3, 2021 . en.
  4. Web site: November 11, 2021 . Who is Rivian's billionaire founder R.J. Scaringe? . November 11, 2021 . CNBC . en.
  5. News: Arlidge . John . April 20, 2024 . RJ Scaringe: The electric vehicle boss taking the fight to Elon Musk . The Sunday Times . subscription . June 19, 2024 . 0956-1382.
  6. Web site: Conflict of interest? Rep. Debbie Mayfield's husband appointed to board of trustees months before wedding . February 19, 2016 . . December 2, 2021.
  7. Web site: Gallo . Carmine . Rivian Founder RJ Scaringe Uses Storytelling To Power His IPO Presentation . Forbes . December 7, 2021 . November 10, 2021.
  8. News: Schwartz . Nelson . Meet the Man Quietly Building the Tesla of Trucks, With Jeff Bezos Aboard . The New York Times . July 2, 2019 . December 2, 2021.
  9. Web site: Rivian Autmotive, founded by a Brevard native, goes public. It's now worth $100 billion . McCarthy . John . Florida Today . November 10, 2021.
  10. Web site: Tannert . Chuck . February 8, 2019 . Meet R.J. Scaringe, Founder Of Rivian Automotive—And Tesla's Worst Nightmare . December 2, 2021 . Forbes Wheels . en-US.
  11. Web site: Dr. R.J. Scaringe . Obama White House . February 7, 2012 . December 3, 2021.
  12. Web site: Shah . Ambrish . RJ Scaringe's Rivian Automotive Is Set To Go Public—What's Scaringe's Net Worth? . Market Realist . December 3, 2021 . November 10, 2021.
  13. Web site: RJ Scaringe . December 21, 2021 . Forbes . en.
  14. Web site: Rivian Founder RJ Scaringe No Longer A Billionaire After Stock Dip . March 3, 2022 . June 25, 2024 . Forbes . en.
  15. Web site: Denham . Ryan . January 9, 2018 . Searching for Clues Into Rivian's Electric Vehicle Future . August 15, 2021 . WGLT .
  16. News: Katje . Chris . 5 Things You Might Not Know About Rivian Founder RJ Scaringe . December 3, 2021 . Benzinga . November 11, 2021.
  17. Web site: Matthew . Johnston . Rivian IPO: What Happened and Why it Matters . Investopedia . Dotdash . December 3, 2021 . November 15, 2021.
  18. News: Levy . Ari . Rivian founder R.J. Scaringe is worth $2.2 billion after his company's two-day IPO pop . December 3, 2021 . CNBC . November 11, 2021.

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