Trevor Milton Net Worth 2025: How Much Money Does Nikola Founder Make?

Trevor Milton, the controversial founder of Nikola Corporation, has remained in the spotlight over the years due to both his entrepreneurial ambition and legal battles. With recent news bringing him back into public conversation, many are curious about his financial standing. Here’s everything you need to know about Trevor Milton’s net worth in 2025.

What is Trevor Milton’s net worth in 2025?

Trevor Milton has an estimated net worth of $250 million in 2025.

Milton’s net worth has seen a sharp decline from his billionaire status in 2020, when Nikola’s valuation soared during the electric vehicle (EV) boom. However, after fraud allegations, legal proceedings, and a high-profile conviction, much of his fortune was wiped out. Despite that, he has managed to retain a portion of his wealth through private investments and early shareholdings.

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In March 2025, Milton returned to headlines when he was officially pardoned by former U.S. President Donald Trump for his securities fraud conviction tied to misleading Nikola investors. This pardon, while controversial, has sparked fresh interest in his career and remaining fortune.

What does Trevor Milton do for a living?

Trevor Milton is a former CEO, entrepreneur, and investor.

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Milton made his name as the founder and former CEO of Nikola Corporation, a company that promised to revolutionize the electric and hydrogen-powered vehicle market. Though he resigned in 2020 amid fraud investigations, his role in the startup world remains a topic of debate.

Since stepping down from Nikola, Milton has kept a low profile, reportedly focusing on private investments and real estate. He is no longer involved in any major public-facing ventures.

Trevor Milton’s earnings explained

Trevor Milton earns money through past business ventures and private investments.

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• Nikola Corporation: Milton made a significant amount during Nikola’s early public offering stages. Although much of his wealth was lost following the company’s plunge in stock value and legal settlements, he still retains a portion of his original earnings.
• Private Investments: After stepping away from Nikola, Milton diversified into private investments, including technology startups and real estate assets.
• Book & Media Interest: There are ongoing talks of Milton telling his side of the story through a memoir or media project, which could be another potential source of income in the near future.

While Trevor Milton is no longer among the elite billionaire class, his story remains one of the most dramatic rises and falls in the electric vehicle space. With his recent pardon, it remains to be seen whether he’ll attempt a public comeback—or remain behind the scenes.