RJ Scaringe’s net worth in 2026 is $200 million, a sharp decline from his $3.4 billion peak in 2021. His wealth now stems from a 2% stake in the $1 billion EV accessories startup Also and residual Rivian holdings after the electric vehicle company’s stock slump. This article unpacks the financial milestones and setbacks that shaped his journey.
Table of Contents
- Scaringe’s Net Worth Timeline: 2021–2026
- How Rivian’s Stock Crash Cost Him Billionaire Status
- The Role of His Divorce in 2025
- Also Startup: Scaringe’s $320M Bet on Lightweight EVs
- Key Financial Milestones & Controversies
- 2026 Net Worth Breakdown: Assets vs. Liabilities
- 10 Key Facts About RJ Scaringe’s Wealth
- FAQ: Scaringe’s Financial Journey
Scaringe’s Net Worth Timeline: 2021–2026
RJ Scaringe’s financial journey mirrors the volatile trajectory of the electric vehicle (EV) industry. In April 2021, he was a $3.4 billion billionaire, fueled by Rivian’s initial public offering (IPO). By March 2022, however, Rivian’s stock had plummeted by over 60%, stripping Scaringe of his billionaire status. His net worth further declined to $48 million in 2025 due to the divorce settlement and Rivian’s continued underperformance. As of April 2026, his net worth is $200 million, driven by his stake in the $1 billion EV accessories startup Also.
This timeline reflects the interplay of market forces and personal financial decisions. Scaringe’s reliance on Rivian as his primary asset left him vulnerable to stock price fluctuations, while his divorce in 2025 added a direct financial burden. The resurgence of his wealth in 2026 highlights the potential of Also to diversify his portfolio.
How Rivian’s Stock Crash Cost Him Billionaire Status
2021 Peak: $3.4B from Rivian’s IPO
Rivian’s 2021 IPO marked Scaringe’s financial zenith. As the founder and CEO, he held a 1.3% stake in Class A shares and 100% of Class B shares, granting him significant voting power. The IPO valued Rivian at $100 billion, making Scaringe a billionaire overnight. His net worth peaked at $3.4 billion, a figure widely reported by Forbes and Celebrity Net Worth.
2022 Decline: March Stock Slump Strips Billionaire Status
The euphoria of 2021 dissipated rapidly. By March 2022, Rivian’s stock had lost over 60% of its value, driven by poor delivery numbers and rising production costs. Scaringe’s net worth plummeted to $0 as he lost billionaire status, per Forbes reports. His 0.3% stake in Rivian was valued at $48 million by 2025, a stark contrast to his 2021 peak.
Contrast with Tesla’s Elon Musk
Unlike Elon Musk, whose wealth is diversified across multiple ventures (Tesla, SpaceX, Neuralink), Scaringe’s fortunes were tied almost entirely to Rivian. This lack of diversification amplified the impact of Rivian’s stock crash, leaving him with limited financial buffers to sustain his wealth during the downturn.
The Role of His Divorce in 2025
$10M Asset Transfer to Ex-Wife Meagan McGone
In 2025, Scaringe finalized his divorce from Meagan McGone, transferring $10 million in assets to her as part of the settlement. This move reduced his net worth by approximately 5% and further strained his financial position during a period of declining Rivian stock value. The divorce also highlighted the personal costs of his professional struggles.
Impact on Net Worth
While the $10 million transfer was a direct financial loss, the indirect effects were more profound. The divorce likely reduced Scaringe’s liquidity, limiting his ability to invest in new ventures or hedge against Rivian’s continued struggles. By 2026, his focus shifted to Also, a strategic pivot that helped stabilize his net worth.
Post-Divorce Financial Strategy
Following the divorce, Scaringe prioritized diversification. His investment in Also, which targets lightweight EV accessories like scooters and bicycles, represents a calculated effort to reduce reliance on Rivian and tap into emerging markets.
Also Startup: Scaringe’s $320M Bet on Lightweight EVs
Also’s Mission: Scooters, Bicycles for Urban EV Markets
Licensed as Also, Scaringe’s new venture aims to democratize access to lightweight EVs. The company plans to launch flagship products like electric scooters and bicycles in early 2026, targeting urban commuters seeking affordable, eco-friendly transportation. This aligns with global trends toward micro-mobility solutions.
2% Stake Worth $320M
As of 2025, Scaringe holds a 2% stake in Also, which is valued at $1 billion post-funding. This positions him to regain financial stability, with his share worth $320 million. The startup’s valuation reflects investor confidence in the micro-mobility sector and Scaringe’s track record in the EV industry.
Flagship Product Launch in 2026
Also plans to release its first products in early 2026, capitalizing on the growing demand for compact, battery-powered vehicles. Scaringe’s involvement as founder and investor signals his belief in the startup’s potential to disrupt traditional EV markets.
Key Financial Milestones & Controversies
Scaringe’s career is marked by both triumphs and setbacks. His founding of Rivian in 2009 positioned him as a visionary in the EV space, but the company’s stock volatility exposed the risks of concentrated wealth. The 2025 divorce added personal financial strain, while his pivot to Also in 2026 demonstrates resilience. Critics argue that Rivian’s struggles reflect poor strategic decisions, while supporters praise Scaringe’s ability to reinvent his portfolio.
2026 Net Worth Breakdown: Assets vs. Liabilities
| Category | Value |
|---|---|
| Rivian Stake (0.3%) | $48M |
| Also Stake (2%) | $320M |
| Personal Assets | $30M |
| Liabilities (Divorce Settlement) | -$10M |
| Total Net Worth | $200M |
10 Key Facts About RJ Scaringe’s Wealth
1. Net Worth in 2026: $200 Million
Scaringe’s net worth in 2026 is $200 million, according to Celebrity Net Worth (April 2026). This marks a significant rebound from his 2025 low of $48 million.
2. Peak Net Worth: $3.4 Billion (April 2021)
Scaringe’s wealth peaked at $3.4 billion in April 2021, driven by Rivian’s IPO and soaring stock prices.
3. Billionaire Status Lost in March 2022
Rivian’s stock crash in March 2022 erased Scaringe’s billionaire status. His net worth fell to $0 as reported by Forbes.
4. Divorce in 2025 Cost $10M
Scaringe transferred $10 million in assets to his ex-wife Meagan McGone during their 2025 divorce settlement.
5. Rivian Stake Valued at $48M (2025)
As of 2025, Scaringe’s 0.3% stake in Rivian was worth $48 million, according to PlayersBio.
6. Also Startup Valuation: $1 Billion
Also, Scaringe’s EV accessories startup, was valued at $1 billion in 2025, per Orange County Business Journal.
7. 2% Stake in Also Worth $320M
Scaringe’s 2% ownership in Also is worth $320 million, contributing significantly to his 2026 net worth.
8. Rivian Founded in 2009
Scaringe founded Rivian in 2009 with the goal of producing mass-market electric vehicles.
9. Age in 2025: 42 Years
As of 2025, Scaringe was 42 years old, according to Forbes and Net Worth List.
10. Flagship Product Launch in 2026
Also plans to launch lightweight EVs like scooters and bicycles in early 2026, as reported by OCBJ.
Did You Know?
Scaringe’s 2026 net worth of $200 million is driven by a 2% stake in Also (valued at $320M), despite losing billionaire status in 2022. His financial resilience highlights the potential of micro-mobility ventures in the EV industry.
FAQ: Scaringe’s Financial Journey
1. How Did RJ Scaringe Lose His Billionaire Status?
Scaringe lost his billionaire status in March 2022 due to Rivian’s stock crash. His net worth dropped from $3.4 billion to $0 as the company’s valuation plummeted by 60%.
2. What Is Scaringe’s Stake in Rivian Worth in 2026?
As of 2026, Scaringe’s 0.3% stake in Rivian is valued at $48 million, per 2025 reports. This represents a fraction of his 2021 peak.
3. How Did His Divorce Affect His Net Worth?
The 2025 divorce cost Scaringe $10 million in asset transfers. This, combined with Rivian’s stock slump, reduced his net worth to $48 million by 2025.
4. What Is the Also Startup, and How Much Is It Worth?
Also is an EV accessories startup focused on scooters and bicycles. Valued at $1 billion in 2025, it holds a 2% stake for Scaringe, worth $320 million.
5. Why Did Rivian’s Stock Decline in 2022?
Rivian’s stock fell in 2022 due to poor delivery numbers, production delays, and rising costs. These challenges eroded investor confidence and triggered a 60% drop in valuation.
6. What Are Scaringe’s Plans for Lightweight EVs in 2026?
Also plans to launch lightweight EVs like scooters and bicycles in early 2026. These products aim to address urban mobility needs and compete with traditional EVs.
7. How Does Scaringe’s Net Worth Compare to Elon Musk’s?
As of 2026, Scaringe’s net worth ($200M) is a fraction of Elon Musk’s ($250B). Musk’s diversified ventures (Tesla, SpaceX) contrast with Scaringe’s reliance on Rivian and Also.
8. What Percentage of Also Does RJ Scaringe Own?
Scaringe owns 2% of Also, which is valued at $1 billion. This stake contributes $320 million to his 2026 net worth.
Conclusion
RJ Scaringe’s financial journey from a $3.4 billion billionaire to a $200 million net worth in 2026 is a testament to the volatility of the EV industry and the personal risks of concentrated wealth. While Rivian’s stock crash and 2025 divorce stripped him of his billionaire status, his investment in Also offers a path to recovery. The startup’s $1 billion valuation and Scaringe’s 2% stake highlight the potential of micro-mobility solutions to reshape the EV market.
Scaringe’s story underscores the importance of diversification in high-stakes ventures. Unlike Elon Musk, whose wealth spans multiple industries, Scaringe’s fortunes were tied to a single company for much of his career. His pivot to Also in 2026 demonstrates adaptability and a forward-looking strategy to capitalize on emerging trends in urban transportation. As Also prepares to launch its flagship products in 2026, Scaringe’s financial trajectory remains a compelling case study in resilience and innovation.
