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RJ Scaringe

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RJ Scaringe
Scaringe in 2018
Born (1983-01-19) January 19, 1983 (age 41)
Rockledge, Florida, U.S.
EducationRensselaer Polytechnic Institute (BS)
Massachusetts Institute of Technology (MS, PhD) [1][2]
TitleFounder and CEO of Rivian Automotive, Inc.
SpouseMeagan McGone (m. 2014)
Children3

Robert Joseph "RJ" Scaringe (born January 19, 1983) is an American entrepreneur and engineer, and the founder and CEO of electric vehicle manufacturer Rivian.[3][4][5][6]

Early life and education

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Robert Joseph Scaringe was born on January 19, 1983.[7] His father, also named Robert Scaringe, is an engineer and founder of Mainstream Engineering Corporation.[8] 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.[9]

Scaringe grew up in Melbourne, Florida.[10] He attended Melbourne Central Catholic High School.[11] 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.[12][13]

Personal life

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Scaringe married Meagan McGone in Michigan in August 2014. The couple have three children together.[14]

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.[15][16]

Career

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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.[17][18]

In November 2021, Rivian went public, listing its shares on the Nasdaq.[19]

Scaringe is chairman of the board and has 9.5% voting power. Additionally, he has veto power over board decisions due to his 100% ownership of the company's class B shares.[20] In total, Scaringe owns about 1.4% of Rivian.[15]

References

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  1. ^ Gallagher, Mary Beth,"Alumni Profile: RJ Scaringe SM ’07, PhD ‘09", MIT Department of Mechanical Engineering News, November 24, 2019.
  2. ^ "Transportation Transformation", RPI Alumni magazine, Fall 2019
  3. ^ Schwartz, Nelson D. (July 2, 2019). "Meet the Man Quietly Building the Tesla of Trucks, With Jeff Bezos Aboard". The New York Times. ISSN 0362-4331. Retrieved September 11, 2021.
  4. ^ 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". Business Insider. Retrieved November 11, 2021.
  5. ^ "Meet the CEO: RJ Scaringe of electric vehicle maker Rivian | Technology & AI". Business Chief North America. November 3, 2021. Retrieved November 11, 2021.
  6. ^ "Who is Rivian's billionaire founder R.J. Scaringe?". CNBC. November 11, 2021. Retrieved November 11, 2021.
  7. ^ Arlidge, John (April 20, 2024). "RJ Scaringe: The electric vehicle boss taking the fight to Elon Musk". The Sunday Times. ISSN 0956-1382. Retrieved June 19, 2024.
  8. ^ "Conflict of interest? Rep. Debbie Mayfield's husband appointed to board of trustees months before wedding". TCPalm. February 19, 2016. Retrieved December 2, 2021.
  9. ^ Gallo, Carmine (November 10, 2021). "Rivian Founder RJ Scaringe Uses Storytelling To Power His IPO Presentation". Forbes. Retrieved December 7, 2021.
  10. ^ Schwartz, Nelson (July 2, 2019). "Meet the Man Quietly Building the Tesla of Trucks, With Jeff Bezos Aboard". The New York Times. Retrieved December 2, 2021.
  11. ^ McCarthy, John (November 10, 2021). "Rivian Autmotive, founded by a Brevard native, goes public. It's now worth $100 billion". Florida Today.
  12. ^ Tannert, Chuck (February 8, 2019). "Meet R.J. Scaringe, Founder Of Rivian Automotive—And Tesla's Worst Nightmare". Forbes Wheels. Retrieved December 2, 2021.
  13. ^ "Dr. R.J. Scaringe". Obama White House. February 7, 2012. Retrieved December 3, 2021.
  14. ^ Shah, Ambrish (November 10, 2021). "RJ Scaringe's Rivian Automotive Is Set To Go Public—What's Scaringe's Net Worth?". Market Realist. Retrieved December 3, 2021.
  15. ^ a b "RJ Scaringe". Forbes. Retrieved December 21, 2021.
  16. ^ "Rivian Founder RJ Scaringe No Longer A Billionaire After Stock Dip". Forbes. March 3, 2022. Retrieved June 25, 2024.
  17. ^ Denham, Ryan (January 9, 2018). "Searching for Clues Into Rivian's Electric Vehicle Future". WGLT. Retrieved August 15, 2021.
  18. ^ Katje, Chris (November 11, 2021). "5 Things You Might Not Know About Rivian Founder RJ Scaringe". Benzinga. Retrieved December 3, 2021.
  19. ^ Matthew, Johnston (November 15, 2021). "Rivian IPO: What Happened and Why it Matters". Investopedia. Dotdash. Retrieved December 3, 2021.
  20. ^ Levy, Ari (November 11, 2021). "Rivian founder R.J. Scaringe is worth $2.2 billion after his company's two-day IPO pop". CNBC. Retrieved December 3, 2021.
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