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Rivian founder R.J. Scaringe is worth $2.2 billion after company’s IPO

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RJ Scaringe, founder and CEO of Rivian, speaks during a reveal event ahead of the Los Angeles Auto Show on Nov. 27, 2018.

Patrick T. Fallon | Bloomberg | Getty Images

After its first two days of trading in 2010, electric vehicle maker Tesla had a market cap of just over $2 billion.

R.J. Scaringe, the CEO of EV manufacturer Rivian, is worth that much on his own after his company’s second day on the public market.

Rivian shares popped 57% in their first two days on the Nasdaq, giving the company a market cap of almost $105 billion. Scaringe, who founded Rivian in 2009, owns 17.6 million shares, valued at $2.2 billion, based on Thursday’s closing stock price of $122.99.

Scaringe, 38, lured…



Source cnbc.com

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