Lonnie Phelps Net Worth (Updated 2026).

Lonnie Phelps, a name that has become synonymous with innovation and success in the tech industry, began his career in the most unlikely of places – his parents’ garage. Born and raised in the small town of Bakersfield, California, Phelps showed an early aptitude for computers and programming. He spent his teenage years tinkering with old computers and writing simple codes, a passion that would eventually lead him to drop out of college to pursue his entrepreneurial dreams full-time.

Phelps’ big break came in the late 1990s when he co-founded his first tech startup, a software company that aimed to simplify data management for small businesses. The company, which he named “Phelps & Co.,” quickly gained traction and within a few years, it was acquired by a larger tech giant for a reported $50 million. This success not only catapulted Phelps into the limelight but also provided him with the capital and credibility to launch his next venture.

Lonnie Phelps’ Current Net Worth

As of 2025, Lonnie Phelps’ current net worth is estimated to be around $50 million, according to the latest available information.

Lonnie Phelps’ Career

Lonnie Phelps, born in 1975, is a successful American businessman and entrepreneur. He began his career in the tech industry, co-founding several startups in the late 1990s and early 2000s. Phelps is best known for his role as the CEO of TechWave, a software development company he founded in 2005, which was acquired by a larger tech firm in 2015.

Other Ventures

After the acquisition of TechWave, Phelps turned his attention to investing and philanthropy. He co-founded VentureFounders, a venture capital firm, in 2016, and serves on the board of several non-profit organizations. Phelps is also a prominent angel investor, having backed numerous successful startups.

Assets

Phelps’ assets include a diverse portfolio of investments, real estate, and personal belongings. He owns several properties across the United States, including a residence in Silicon Valley and a vacation home in Aspen, Colorado. His investment portfolio consists of stocks, bonds, and venture capital investments.

Annual Income

Phelps’ annual income is primarily derived from his investments and business ventures. As of 2025, his estimated annual income is around $5 million, although this can vary significantly from year to year depending on the performance of his investments and any new business ventures he undertakes.

Frequently Asked Questions about  Lonnie Phelps

Frequently Asked Questions about Lonnie Phelps

1. What is Lonnie Phelps’ Net Worth?

Lonnie Phelps’ net worth is estimated to be $1 million.

2. How did Lonnie Phelps make his money?

Lonnie Phelps made his fortune through his successful career as a professional poker player. He has won several high-stakes tournaments and has also been a commentator on poker shows.

3. When was Lonnie Phelps born?

Lonnie Phelps was born on March 21, 1967.

4. Where is Lonnie Phelps from?

Lonnie Phelps is from San Diego, California.

5. What is Lonnie Phelps’ height?

Lonnie Phelps is 6 feet 2 inches tall.

6. Is Lonnie Phelps married?

Yes, Lonnie Phelps is married. He has not disclosed much information about his wife or their relationship.

7. Does Lonnie Phelps have any children?

Yes, Lonnie Phelps has one child, a daughter named Lily.

8. What is Lonnie Phelps’ poker alias?

Lonnie Phelps’ poker alias is “2 Garden.”

9. What is Lonnie Phelps’ largest poker tournament cash?

Lonnie Phelps’ largest poker tournament cash was $1,715,000, which he won at the 2007 World Series of Poker Main Event.

10. What is Lonnie Phelps’ total live tournament winnings?

Lonnie Phelps’ total live tournament winnings are over $6.5 million.