Timothy Sykes is a famous millionaire stock trader and entrepreneur. He is better known as a penny stock trader who earned $1.6 million while in high school as a day trader. Today, let’s have a close look at the career, biography and the net worth of Timothy Sykes in 2019.
Early Life & Biography
Timothy Sykes was born in Orange, Connecticut, the United States of America on the 15th of April 1981. He is the son of Jo-Ann Sykes and Joel Sykes. He joined Tulane University after completing his high school education where he studied philosophy and minored in business education.
He is recorded to have used his gift money while in high school that he traded in penny stocks. His $ 12,415 amounted to $1.6 million within a very short time.
Timothy has managed to keep his personal life private, and there are very scanty details on this. He is married to Bianca Alexa. Bianca is a model and the winner of a beauty pageant in 2013. She won the Miss Penny Stock pageant that was created by Timothy for his lady workers. There are no details of the couple or if they are still together or not.
Tim has a very luxurious life, and he owns a very big mansion. He has also traveled around the world a lot and is said to have toured over 100 countries. His life has not been without controversies as he has been accused of not being a registered adviser in investment. He has also been unable to provide the necessary documentation to prove the validity of his claims.
Career, Awards, & Nominations
His career kicked off when he was a student in high school as he started to trade in the penny stocks. During his final year at the university, he started a hedge fund that went by the name of Cilantro Fund Management with the financial help of his family and friends. He had by then became very successful, and he was even listed in the ’30 Under 30’ in the Trader’s Monthly.
Timothy published a book in 2007. The book has many details on his experiences over the years as a day-trader and eventually becoming a millionaire hedge fund manager.
In 2008, he again traded his $12,415 in penny stocks, and after only two years, he got $90,368. He was ranked on the top of the Covestor the same year. He has not yet won an award or nominations, but his achievement is evident. Currently, he is a teacher on finances.
Net Worth & Earnings
The penny stocks trader has amassed a net worth of $20 million. Most of his wealth has come from his career as a stock trader, and he has also earned a good amount from his teachings. He also gets a large amount following the sale of his book and his brands as well.
Timothy Sykes has built an online empire and has become a very rich and famous young man. He decided to venture into an area that very few would dare and today he is enjoying millions as a result of his success. The skies seem to be the limit for this penny stock trader.