Trevor Milton Biography
Trevor Milton is an American billionaire who is best known as the former executive chairman and founder of Nikola Motor Company.
Milton owns at least 25% of Nikola Motor Company which is valued at about $12.4 billion.
Trevor Milton Age
Milton was born on April 6, 1981. He is 39 years old as of 2020.
Trevor Milton Parents and Siblings
Milton is the son of Bill Milton and Sally Milton. His father Bill, is a retired Union Pacific Railroad manager. He has one brother and three sisters.
Trevor Milton Wife
Milton is a married man. However, there is no information on the identity of his wife. It is also not known when he got married. We will provide more information on this part of his life as soon as it is available.
Trevor Milton Education
After graduating high school, Milton attended an 18-month church mission to Brazil, where he became fluent in Portuguese.
He, later on, joined Utah Valley State University when he studied sales and marketing. However, Milton dropped out of college after one semester
Trevor Milton Nikola Motor Company
Milton founded Nikola Motor Company in 2015 together with his brother Travis, as the director of operations with a background in construction and remodeling.
Trevor Milton Fraud Allegations and Resignation
In September 2020, a report was released by short-seller Hindenburg Research where they accused Milton of making false statements and characterizing Nikola Motor Company as “an intricate fraud” over many years. This report came two days after Nikola established ties with General Motors.
On that day the report was released, Nikola Motor Company’s stock fell by 8 percent and by 15 percent the following day after Milton failed to deliver his rebuttal as he previously promised on Twitter.
Further verification was done by Bloomberg and Financial Times and it confirmed some of the details presented in the report.
On September 14, 2020, reports by Bloomberg, the Financial Times, and The Wall Street Journal revealed that the US Department of Justice joined the SEC in the investigation related to potential securities fraud.
Milton resigned from his position as Executive Chairman on September 20.
Trevor Milton Net Worth
As of September 2020, Milton has a net worth of 3.1 billion.