#2647

Trevor Milton

United States 44 years old Self-Made

Overview

Source of Wealth
electric vehicles
Industry
Automotive
Residence
Phoenix, Arizona
Education
Utah Valley University (Drop Out)
Marital Status
Married

Assets

  • Nikola Corporation
    77,499,000 shares @ -
    -
    NKLA-US

Biography

Trevor Milton founded Nikola Motor in 2014 to build semi trucks powered by batteries and hydrogen.

Milton resigned as chairman of Nikola in September 2020 following allegations from a short seller that Milton misrepresented the company's technology.

In response to the allegations, Milton tweeted, "I intend to defend myself against false allegations leveled against me by outside detractors."

The Phoenix, Arizona-based company raised $600 million from investors. In June 2020 it merged with listed firm VectoIQ, now called Nikola Corp.

Anheuser Busch ordered 800 trucks, which Nikola aims to deliver in 2021; in Sept. 2020, General Motors agreed to take an 11% stake in Nikola.

About

Milton reportedly spent $32 million buying a 2,000 acre ranch in Utah in November 2019.

Milton is a high school dropout -- he got his GED. And he dropped out of Utah Valley University after one semester.