After co-founding virtual reality developer Oculus with Nate Mitchell, Palmer Luckey went on to sell it to Facebook (FB) - Get Report in a $2 billion deal that left Luckey about $700 million the richer.
Facebook did not immediately respond to inquiries. The company issued a statement that said nothing about why Luckey is moving on.
"Palmer will be dearly missed," the company said.
"Palmer's legacy extends far beyond Oculus. His inventive spirit helped kickstart the modern VR revolution and build an industry. We're thankful for everything he did for Oculus and VR, and we wish him all the best."
Last year rumors emerged to the effect that Luckey was involved with Nimble America, a pro-Trump group that some have called a far-right organization. Luckey, a self-described libertarian who said he has supported Ron Paul and Gary Johnson in the past, initially denied the connection.
He subsequently admitted in a post to contributing $10,000 to Nimble America. He also mentioned the possible perception problem for Oculus.
"I am deeply sorry that my actions are negatively impacting the perception of Oculus and its partners," Luckey said in the Sept. 23, 2016 post.
Last month Facebook was ordered by a jury in Dallas to pay $500 million in damages after Luckey was accused of violating a non-disclosure agreement when creating earlier versions of the Oculus Rift headset.