Tim Sykes is an entrepreneur as well as a penny stock trader from the United States. He earned $1.65 million in a single day in trading when he was still a student. He was involved in trading penny stocks right when he was in high school. Sykes has also released a book and has created a financial beauty pageant called ‘Miss Penny Stock’. Here is a quick summary of Tim Sykes’s net worth in 2019, career and earnings.
Timothy Sykes is the son of Joel and Jo-Ann Sykes. He was born in Connecticut’s Orange on 15 April 1981.
After completing his high school, he went to Tulane University and earned his BA degree in philosophy in 2003. He has also got a minor in business. When in high school, Sykes used the bar mitzvah gift money worth $12,415 for trading in penny stocks.
Tim Sykes has been married to Bianca Alexa who is the winner of the 2013 Miss Penny Stock. He has been involved in a number of controversies. He is not registered as an investment adviser. He has also declined for providing necessary documents to validate his claims. He has criticized many celebrities like Justin Bieber and Shaquille O’Neal for the scheme “pump and dump”.
Sykes is the founder of Timothy Sykes Foundation. In 2017, he made a financial contribution of $1 million for Pencils of Promise. He has also partnered with Boys and Girls Club and Make-a-Wish Foundation to raise money.
Tim Sykes has been involved in day trading penny stocks since 1999. At the age of 21, he went on to receive $1.65 million from his investments. He used to study trade when he was in college. In 2003, he became the founder of the hedge fund called Cilantro Fund Management.
In 2008, he created the Transparent Investment Management with a sum of $12,415. It turned into $90,368 in a period of two years. At that time, he was Covestor’s top-ranked trader.
In 2007, Sykes published the book called ‘An American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund ‘. The book teaches on how to become a wealthy hedge fund manager. In 2012, he created the financial beauty pageant known as ‘Miss Penny Stock’. This was for female representatives for his company and brand.
He is currently a teacher and financial activist. He has launched the website known as Investimonials.com, which gives reviews of many services. He is also the co-founder of Profit.ly, which gives online stock information.
Awards & Achievements
The biggest career achievement of Tim Sykes is to be a successful penny stock trader. For now, he has not won an award, but he is very talented and young and could definitely win an award someday in the near future. In 2006, the young entrepreneur was included in the list of “30 Under 30” by Trader Monthly.
Net Worth of Tim Sykes
The estimated net worth of Tim Sykes is more than $25 million. He was millionaire right when he was a student. He has amassed this net worth by becoming a successful penny stock trader. He teaches more than 5000 students in more than 60 countries. Even his students have made good money through various investments. He is also a successful entrepreneur and has launched many websites. He has appeared in many media like ABC, CBS, CNBC, CNN, Fox, MSN Money, Men’s Journal, Forbes, BusinessWeek, New York Times, TheStreet.com, and The NY Post.
Tim Sykes is one of the most famous penny stock traders in the world. He has also featured in many prints media and is very popular in the social media. He has got many followers on Twitter. He is a very talented person and knows how to make money.