Trevor Milton: Biography, Career, and Business Insights

Trevor Milton’s Profile Summary

Company	Stock Manipulation
Position	Founder and Executive Chairman of Nikola Corporation
Source of wealth	Proceeds from the sale of Nikola Corporation stock, compensation as Executive Chairman of Nikola Corporation
Also known as	Entrepreneur, convicted fraudster.
Age	43
Education	Utah Valley State College – attended but did not graduate.
Citizenship	United States
Residence	Phoenix, Arizona, USA
Family	Married to Chelsey Bergmann; information about children is not publicly disclosed.
Website, Social Media	https://en.wikipedia.org/wiki/Trevor_Milton

Trevor Milton’s biography

Trevor Milton, born on April 6, 1981, in Layton, Utah, is an American entrepreneur best known for founding Nikola Corporation, a company specializing in electric and hydrogen-powered vehicles. Milton's early ventures included an alarm sales company and an online classified ads website for used cars, both of which provided foundational business experience. In 2015, he established Nikola Corporation, aiming to revolutionize the transportation industry with zero-emission trucks. Under his leadership, Nikola went public in 2020 and briefly achieved a market valuation exceeding $20 billion. However, Milton resigned from his position in September 2020 amid allegations of misleading investors about the company's technological advancements. In October 2022, he was convicted of securities and wire fraud and was subsequently sentenced to four years in prison in December 2023

How did Trevor Milton make money?

Trevor Milton makes money in the following areas:

Proceeds from the sale of Nikola Corporation stock, compensation as Executive Chairman of Nikola Corporation
What is Trevor Milton net worth?

As of 2025, Trevor Milton’s net worth is estimated to be $8 M.

What is Trevor Milton also known as?

Trevor Milton is recognized as an entrepreneur who founded multiple startups, including an alarm sales company and an online classified ads platform for used cars. His career faced significant legal challenges when he was convicted of securities and wire fraud for misleading investors about Nikola's technological capabilities

Prominent achievements of Trevor Milton

Founded Nikola Corporation in 2015, leading it to a public offering in 2020; briefly achieved a personal net worth exceeding $5 billion in 2020; featured on Forbes' 400 Billionaires List in 2020

What are Trevor Milton’s key insights?

Trevor Milton emphasized innovation in the transportation sector, aiming to develop zero-emission vehicles to reduce environmental impact. He advocated for bold vision and aggressive promotion to attract investment and drive technological advancement

Trevor Milton’s personal life

Trevor Milton married Chelsey Bergmann in 2018. The couple resides in Phoenix, Arizona. Details about their children are not publicly available

Useful insights

Top 3 Financial Pyramid Schemes

As an expert at Traders Union, I can’t stress enough how critical it is to thoroughly research any financial opportunity before you invest. Taking a few extra steps in verifying the legitimacy of a platform or broker can save you from falling victim to scams.

Bernie Madoff

His $65 billion Ponzi scheme ran for decades, fooling banks, pension funds, and celebrities alike. He used new deposits to pay old investors, maintaining the illusion of steady returns.
Allen Stanford

Promised high yields through offshore “certificates of deposit,” but in reality, siphoned $7 billion from clients in what the SEC called a classic Ponzi structure.
Tom Petters

Forged documents to attract billions in fake consumer electronics deals. Investors believed they were financing orders for retailers like Costco and Best Buy.

One clear principle emerges from these cases: If returns are steady, unusually high, and come with little transparency—be extremely cautious. Real investments always include risk and regulatory oversight.