Timothy Sykes is a renowned American entrepreneur and a stock trader who became popular through his stints as a penny stock trader. He is the founder and CEO of the financial consulting firm called Cilantro Fund Management LLC, which was named one of the finest short biases by BarclayHedge in the year 2003. Beyond that, Sykes is also a media personality and has appeared as a guest on mainstream networks like ABC, CNN, and CBS.
While his popularity has been on the increase, a lot of fans have been curious to know things like his net worth, how he makes his money, and what have you. If you are one of those, you will find the following information useful.
Who Is Timothy Sykes?
The penny stock trader became a part of this world on the 15th day of April 1981. Born to American parents, his birth took place in Orange town situated in New Haven County, Connecticut, United States. While there is a dearth of information regarding his childhood, it is known that he spent his childhood days in his hometown. He is a citizen of the United States of America and belongs to white ethnicity.
Regarding his educational background, it is not known where Timothy completed his basic education. However, we do know that he is a 2003-graduate of Tulane University where he bagged a degree, majoring in philosophy with a minor in business. As a matter of fact, it was while he was still a student at Tulane that Sykes began his penny stock trading career. At the time, he routinely skips his classes for a complete day’s trade.
Prior to his graduation, he founded a short bias hedge fund company called Cilantro Fund Management LLC. As the story goes, he started the company with $1 million which he got mostly from his family and friends. By 2006, Timothy Sykes made the list of Trader Monthly’s 30 Under 30 of up-and-coming traders in the market. He continued to gain prominence while his career soars. And today, he has become one of the most prolific penny stock traders out there with his net worth reaching millions of dollars.
Timothy Sykes’s Net Worth and How He Makes His Money
While Timothy Sykes has made fortune from his career, the authenticity of the source of his wealth has been a thing of interest to many. Having been active in the stock exchange industry for over a decade and counting, Sykes has undoubtedly made huge wealth for himself. He is currently living a luxury lifestyle with an estimated net worth of $15 million.
Sykes made his wealth through a variety of sources. Aside from his penny stock trading, he also made bank through his various stints as a financial activist, advisor, and educator. He launched his website (TimothySykes.com) in 2007 and it has been serving as a platform for him to teach penny stock trading.
Two years later, the creative trader also launched another website called Investimonials.com, a site which he dedicated to collecting user reviews of financial services, books, videos, and stockbrokers. In 2011, he co-founded a social network platform called Profiy.ly which provides stock trade information for over 20,000 users.
As an author, Timothy Sykes authored a book entitled An American Hedge Fund: How I Made $2 Million As A Stock Operator & Created A Hedge Fund in 2007. The book, among other things, documented his experiences from his day-trading while in college; how he became a wealthy hedge fund manager. He has equally written for mainstream online magazines and blogs. Considering all his exploits, Forbes listed Syke’s blog to be among the top-grossing penny stock trading sites, with an in-flow between $15 to $20 million annually. All of these went a long way to contribute to the man’s net worth.
Sykes is a generous fellow. With the millions he has made, he makes it a duty to contribute towards the welfare of humanity. He is a philanthropist and he founded a charitable organization called Timothy Sykes Foundation in 2012. Through the organization, he has raised over $600 thousand and has collaborated with other popular organizations such as Boys and Girls clubs and Make-a-wish Foundation, among others. He donated $1 million to Pencils of Promise to help build 20 new primary schools across Ghana, Laos, and Guatemala, a project which was completed between 2017 and 2018.