Trevor Milton, founder and former CEO of Nikola Corporation, remains a polarizing figure in the electric vehicle (EV) industry. Once a billionaire riding high on the EV boom, his fortune took a steep hit following legal troubles. In 2025, curiosity surrounding his net worth is once again making headlines.
What Is Trevor Milton’s Net Worth in 2025?
As of 2025, Trevor Milton’s net worth is estimated at $250 million. This marks a significant drop from his peak in 2020, when Nikola’s soaring stock valuation briefly made him a billionaire.
However, after a highly publicized securities fraud conviction, legal settlements, and his resignation from Nikola, Milton lost the majority of his wealth. He has since preserved part of his fortune through early shareholdings and strategic private investments.
A Controversial Pardon in 2025
Milton re-entered the public eye in March 2025 after receiving a presidential pardon from former U.S. President Donald Trump for his fraud conviction related to misleading Nikola investors. The move has reignited public interest in his career, controversies, and financial status.
What Does Trevor Milton Do Now?
Since stepping down from Nikola in 2020, Milton has maintained a low profile. He is no longer involved in any major public companies but reportedly focuses on:
- Private Investments: Including tech startups and real estate.
- Potential Memoir or Media Projects: There’s ongoing speculation about a tell-all book or documentary that could generate additional income.
How Does Trevor Milton Make Money?
- Nikola IPO Profits: Despite Nikola’s stock plummet, Milton cashed out millions during the company’s early public success.
- Private Ventures: Post-Nikola, he’s funneled remaining capital into various investment opportunities.
- Future Media Projects: A memoir or documentary could offer a lucrative way to tell his side of the story.
Final Thoughts
Trevor Milton’s financial journey—from startup stardom to scandal and partial redemption—is one of the most dramatic in the EV space. With a net worth of $250 million in 2025 and renewed public attention following his pardon, the question remains: will Milton stage a comeback, or continue working behind the scenes?
