Trevor Milton Biography and Net Worth

Milton started an alarm sales company called St. George Security and Alarm immediately after quitting college and eventually exited the business for a stated $300,000, though his former business partner claims he was led to believe the exit payment was "much smaller."[9] Milton then launched an online classified ads website selling used cars, which eventually failed.

Afterwards, Milton founded an alternative energy vehicle company called dHybrid, Inc. which retrofitted commercial trucks with engines that could run on natural gas instead of diesel. After entering into a deal with an investor for a large stake in dHybrid, Milton claims that "the investor was taking our intellectual property". As a result, claimed Milton, dHybrid Inc. sued that investor and closed the company.[10] Milton then started dHybrid Systems, which was similar to the previous company except with a greater focus on building natural gas and hydrogen storage systems.[10] According to Milton, dHybrid was purchased by Worthington Industries.[11]

In 2015, Milton founded Nikola Motor Company with an initial investment of $2 million from Worthington.[12][10][13] Trevor was the CEO in Nikola's early years.[14] In June 2020, as part of a reverse merger with VectoIQ in order to have Nikola go public, Milton became executive chairman of the board and turned over the CEO role to President Mark Russell