Trevor Milton Net Worth (Updated 2026).

Trevor Milton, a name that’s become synonymous with innovation in the electric vehicle industry, didn’t start his career in the limelight of Silicon Valley or the corridors of power. Instead, he began his entrepreneurial journey in the small town of Orem, Utah. Growing up, Milton was always fascinated by machines and technology, a curiosity that led him to start his first company, a computer repair business, at the age of 15. This early venture was just the beginning of a string of successful startups that would eventually pave the way for his most notable creation, Nikola Corporation.

Milton’s rise to fame didn’t happen overnight. After his computer repair business, he went on to found several other companies, each one building on the lessons and experiences of the last. One of his most significant ventures before Nikola was dynaCERT, a company that focused on reducing emissions from diesel engines. It was here that Milton began to explore the potential of electric and hydrogen-powered vehicles, a topic that would soon become his passion and the catalyst for his fame.

Trevor Milton’s Current Net Worth (2025)

As of 2025, Trevor Milton’s current net worth is estimated to be around $1.5 billion, according to Forbes. This significant wealth is primarily attributed to his successful career in the electric vehicle industry.

Career

Trevor Milton is a renowned entrepreneur and the founder of Nikola Corporation, a pioneering electric vehicle and energy infrastructure company. He served as the company’s CEO from 2015 until his departure in 2020. Milton is credited with transforming Nikola from a small startup into a publicly traded company with a market capitalization of over $30 billion at its peak.

Other Ventures

Prior to founding Nikola, Milton was the CEO of dHybrid Systems, a company that develops natural gas hybrid systems for heavy-duty vehicles. He also co-founded and served as the CEO of Milton Industries, a manufacturing company that specializes in metal components. Additionally, Milton has invested in various other startups and tech companies throughout his career.

Assets

Trevor Milton’s assets include a significant stake in Nikola Corporation, as well as numerous real estate properties across the United States. He owns a 10,000-acre ranch in Utah, a 12,000-square-foot mansion in Arizona, and several other properties in California and Nevada. Milton also owns a collection of high-end vehicles, including electric vehicles produced by Nikola.

Annual Income

As the former CEO of Nikola Corporation, Trevor Milton’s annual income was substantial. In 2019, his total compensation was reported to be $20 million, which included a base salary of $1 million and stock awards worth $19 million. However, Milton’s annual income has varied throughout his career, and his current earnings may differ from these figures.

Frequently Asked Questions about  Trevor Milton

**Frequently Asked Questions: Trevor Milton Net Worth**

1. What is Trevor Milton’s net worth?

Trevor Milton’s net worth is estimated to be around $1.5 billion.

2. How did Trevor Milton make his money?

Trevor Milton made his fortune as the founder and former CEO of Nikola Corporation, a company that designs and manufactures electric vehicles and infrastructure solutions.

3. When was Nikola Corporation founded?

Nikola Corporation was founded in 2015.

4. What is Trevor Milton’s role in Nikola Corporation?

Trevor Milton served as the Chairman and CEO of Nikola Corporation until his resignation in September 2020.

5. What happened to Trevor Milton’s role at Nikola Corporation?

Trevor Milton stepped down from his roles at Nikola Corporation following allegations of fraud, which he has denied.

6. What is Trevor Milton’s background?

Trevor Milton is an American businessman. Before founding Nikola, he was the CEO of dHybrid Systems, a company that specialized in natural gas-powered vehicles.

7. What is Trevor Milton’s age?

Trevor Milton was born on March 15, 1982, making him 40 years old.

8. Where does Trevor Milton live?

Trevor Milton resides in Utah, United States.

9. What is Trevor Milton’s education background?

Trevor Milton graduated from the University of Utah with a degree in Business Administration.

10. What are Trevor Milton’s future plans?

As of now, Trevor Milton’s future plans are not publicly known. He has mentioned exploring new business ventures but has not provided specific details.