Trevor Milton is a well-known entrepreneur and businessman, best recognized as the founder of Nikola Corporation, a company that aimed to revolutionize the electric and hydrogen-powered vehicle market. If you’ve ever asked, “What is Trevor Milton net worth in 2025?” or “How did Trevor Milton build his wealth?” you’re in the right place.
This article gives you a complete guide on Trevor Milton net worth in 2025, the businesses he started, his career rise, challenges he faced, and what his financial status looks like today.
Who Is Trevor Milton?
Trevor Milton was born on April 6, 1982, in Utah, USA. He is an entrepreneur best known for founding Nikola Corporation in 2015, a company focused on developing hydrogen fuel cell and electric trucks. Milton's vision was to transform the trucking industry with zero-emission vehicles, positioning Nikola as a major player in clean energy transportation.
Before Nikola, Milton worked in various startup ventures, gaining experience in sales and marketing, which helped him launch Nikola. He became a prominent figure in the clean tech and automotive industries, attracting major investments and partnerships.
What Is Trevor Milton Net Worth in 2025?
As of 2025, Trevor Milton net worth is estimated at around $5 million (USD).
This is a significant drop compared to his earlier peak net worth, which was estimated in the hundreds of millions during Nikola’s rapid rise.
Why Did Trevor Milton Net Worth Change?
Trevor Milton’s net worth has fluctuated widely due to the following reasons:
Nikola Stock Price Volatility: Nikola went public in 2020 with a high valuation, which initially made Milton a billionaire on paper. However, after investigations and controversies, the stock price dropped significantly.
Legal Challenges: Milton faced SEC investigations and legal battles over allegations of misleading investors about Nikola’s technology and capabilities.
Resignation from Nikola: In September 2020, Milton resigned as Executive Chairman amid controversy, impacting his wealth.
Asset Liquidation: As part of settlements and financial adjustments, Milton sold or lost significant shares in Nikola.
Despite the setbacks, Trevor still retains some business assets and investments.
How Did Trevor Milton Make His Money?
Trevor Milton made his money primarily through the rapid rise of Nikola Corporation, including:
Founding Nikola Corporation
Milton founded Nikola in 2015 with the goal of creating hydrogen and electric trucks. The company attracted major investors and went public in 2020 via a SPAC merger.
Early shares owned by Milton skyrocketed in value during the initial public offering (IPO).
Milton’s equity stake was the largest source of his wealth.
Pre-Nikola Ventures
Before Nikola, Milton was involved in smaller startups related to water filtration and renewable energy.
These ventures laid the groundwork for his entrepreneurship.
They provided early capital and experience.
Investments
Milton has invested in various startups and projects, though the details are less public.
His business background helped him spot opportunities in clean tech.
Trevor Milton’s Career Journey: From Startup Founder to Public Figure
Milton’s rise is a classic entrepreneurial story:
He started with small businesses and sales jobs, building skills in marketing and sales.
In 2015, he launched Nikola, pitching it as a clean energy transportation company.
Nikola quickly gained media attention and investment, becoming a publicly traded company in 2020.
Milton became a media figure, presenting the company at conferences and events.
Controversies and legal issues followed, leading to his resignation and affecting his net worth.
Challenges Trevor Milton Has Faced
Trevor Milton’s journey has been turbulent with several major challenges:
SEC and DOJ Investigations: Accusations of misleading investors about Nikola’s technology and capabilities.
Lawsuits: Faced multiple lawsuits from investors and short sellers.
Stock Price Collapse: Nikola’s stock price dropped sharply after the controversies.
Public Scrutiny: Faced intense media criticism and loss of public trust.
Despite these issues, Milton continues to work on entrepreneurial ventures.
How Does Trevor Milton Spend His Money?
After his rise and challenges, Milton’s spending habits are less public, but reports indicate:
Investments in startups and tech ventures.
Maintaining a private lifestyle post-controversy.
Focus on rebuilding his career in technology and renewable energy.
What’s Next for Trevor Milton?
In 2025, Trevor Milton is focusing on:
New entrepreneurial ventures in clean energy and technology.
Potential comeback in the business world after legal challenges.
Leveraging his experience to launch new innovative projects.
Many believe Milton’s story is still unfolding, and his net worth could rise again if new ventures succeed.
(FAQs) About Trevor Milton Net Worth
1. What is Trevor Milton net worth in 2025?
Trevor Milton net worth is estimated at around $5 million in 2025.
2. How did Trevor Milton make his money?
Primarily from founding Nikola Corporation and early investments.
3. Why did Trevor Milton net worth decrease?
Due to stock price drops, legal issues, and loss of shares after controversies.
4. Is Trevor Milton still involved with Nikola?
No, he resigned in 2020 amid investigations.
5. What is Trevor Milton doing now?
Focusing on new startups and rebuilding his business career.
Conclusion
Trevor Milton net worth in 2025 is estimated at $5 million, reflecting a steep decline from his earlier peak as Nikola’s founder. His rise was meteoric, driven by his vision of transforming transportation with hydrogen and electric trucks. However, legal challenges and controversies caused setbacks that impacted both his reputation and fortune.
Milton’s story is a complex tale of ambition, innovation, controversy, and resilience. For entrepreneurs and investors, it offers lessons on the risks and rewards of disruptive startups.