Austin was born April 24, 1933, in Philadelphia and graduated in 1951 as co-valedictorian of Robert Ludlowe High School in Fairfield, Conn. At Princeton he joined Charter Club, majored in engineering, and managed the track team in his junior year. He was also on the staffs of The Daily Princetonian and the Princeton Engineer. His roommates during his last two years were Larry Puck and Bill Weisenfels.
After graduation he joined DuPont as an engineer and in 1958 married Darlene Hughes. He then joined T. Rowe Price as its 17th employee, moving up in the profession to where in 1988 he was president of the Security Traders Association as well as president of the Baltimore Wine and Food Society. In 1992 he retired and with Darlene embarked on a traveling, shopping, and collecting splurge that lasted for 20 years.
Austin is survived by Darlene, daughters Julie and Laura, four grandchildren, and many nieces and nephews.