Nikola

UVU (dropout, GED) / Securities fraud, wire fraud

⚠ NOT 30 UNDER 30 — FORBES BILLIONAIRES PROFILE. HONORARY FORBES-ADJACENT CASE; EXCLUDED FROM 30U30 COUNTS.

Not a Forbes 30 Under 30 honoree. The Nikola founder was convicted of securities and wire fraud and sentenced to four years after promoting a truck shown rolling downhill under gravity. He never began serving that sentence : Milton remained free pending appeal and received a presidential pardon in March 2025. Entry retained as an explicitly Forbes-adjacent honorary case.