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 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
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]
On November 10, 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 complete 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]