Timothy Sykes net worth: American stock trader, entrepreneur and penny stock expert, Timothy Sykes has a net worth of $10 million.
Born on April 16, 1981, Timothy Sykes is best known for turning his bar mitzvah money over $1 million from day trading while at Tulane University. He started day trading penny stocks during 1999 from $12,415 that he received in bar mitzvah gift money. He turned the investment to over $1.65 million when he was just 21.
Sykes completed his graduation from Tulane University in 2003 in philosophy and minor in business. He also founded Cilantro Fund Management LLC, in 2003 using the $1 million that he owned from friends and family. His short bias hedge fund became popular and he was listed on ’30 Under 30′ on Trader Monthly in 2006.
The trader also claims Cilantro Fund has the number one long-short microstock hedge fund in the country, a ranking also produced by Barclay’s and not the Barclay’s British Bank. He again was ranked #1 trader on Covestor after deciding to invest the same $12,415 again in 2008. He turned the initial sum to $90,368 in just two year.
As an author, Sykes has written for several online magazines and blogs while has self-published An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund in 2007. The book details about his life during his university days and how he turned a small amount to hefty wealth.
Sykes has also been working as a financial activist and educator while has launched Investimonials.com, a website where he provides details about financial services. He also co-founded Profit.ly in 2011, a platform to detail about stock trades.
Timothy Sykes is not a register investment adviser and has been criticized by many celebrities like Justin Bieber and Shaquille O’Neal. However, his popularity has not shorten with all the negative reviews he’s been receiving over the years. He was featured in several television programs on CNBC, CNN, etc. while he also writes for AOL Finance on TheStreet.com.
Married to model Bianca Alexa in 2015, Timothy Sykes lives a lavishing life with a net worth of $10 million.
Quick facts about Timothy Sykes
Full Name: Timothy Sykes
Profession: Stock Trader, entrepreneur
Date of Birth: April 16, 1981
Place of Birth: Orange, Connecticut
Education: Tulane University
Marital status: Married (Bianca Alexa)
Astrological sign: Aries