Mark Minervini Net Worth and Trader Profile
What is Mark Minervini net worth?
Table of Contents
1. Intro
2. Executive Summary
3. General Information & Personal Life
4. Mark's Net Worth Calculation
5. Final Number Intro words
This week, I am devoting my time to write a bit about a trader that has helped me a lot and someone who many of you have been asking me about - Mark Minervini. Since I can label myself a "Minervini Disciple", I decided to compile most of the public information I can find on Mark for those who want to understand more about him, as a person and as a trader. And to see "if he is legit" or not.
Executive Summary
Mark Minervini is 57 years of age and has traded for over 40 years
He is passionate competitor in many sports
Mark Minervini starts trading with the goal of making $500 a month
Mark Minervini's trading profits are estimated to $45 million
Mark Minervini makes revenue from trading services revenue estimated to $23 million
Mark Minervini holds real estate portfolio estimated at $4 million
Total estimated Mark Minervini Net Worth is $72 million
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General Information and Personal Life
Trader Personal Profile
Full Name: Mark Tyler Minervini
Birthday: Born on 22 January 1965 (age 57)
Location: South Carolina, US
Address: 1514 Chianni Ln, Myrtle Beach, SC 29579, USA
House Details: Price estimate $1.2-1.7M, Purchased on Aug 2010 for $580,000. Estimated Tax on asset $2,800
Material Status: Married on 12 January 2011 to Elena Minervini (age 36). His wife, Elena has Russian and Ukrainian heritage
Children: 1 daughter
Phone Choice: Android
Siblings: 1 Brother, Nathan Minervini (owning Minervini's Pizzeria @ East Heaven)
Education: Drops out of school to become a Drum Player, never goes to university
Contact: minervinipa@gmail.com (PA: Bob Weismann)
Social Media: https://twitter.com/markminervini Twitter with over 400,000 followers.
Vehicles: 4 registered vehicles on personal name
Known Hobbies
Boxing
Poker Playing
Bodybuilding
Karate
Drum playing (video below)
Competitive Handgun Shooting (video below)
Few disclaimers beforehand
One of the things that keep new traders excited is "how much money has this trader made?", aka what is the Mark Minervini net worth. This of course is very primal way to assess the trading methodology of someone like Mark and I would not recommend it, but seldom reason overcomes ignorance and hence I will make an attempt to shed some light into the question. I would justify my stance, that this is not important metric, with the old Wall Street saying: "There are bold traders and there are bold traders but there are no old bold traders." - aka some people make massive returns but die quickly after - aka run high risk ruin. This of course is not Mark Minervini.
Also, as a disclaimer, it is impossible to calculate net worth without input from Mark himself, therefore I will ping most of my finding (based on public information) and give highlight how I have calculated my estimated Mark Minervini Net Worth.
Mark's New Worth Calculation
Trading Gains
Mark Minervini has famously said that he has started trading the stock market from the New York house in the picture below with a goal to make $500 a month. He starts trading at the age of 18 in 1983 and even though he did not make any money during the first 6 years of trading, he remained focused to perfecting the craft. Currently, Mark has traded for more than 40 years and received the famous Market Wizard title. As additional proof of his success he has been interviewed by Jack Swagger in the Market Wizard book with other of the world's top traders.
After consistent effort of 6 years of not making any money, Mark enters his Golden Years and returns over 33,554% in 5.5 years from 1995 to 1999. It is not official, but Mark has mentioned before that he started this period with about $20,000, which means that by 1999 he has grown this account and pushed his net worth to $4,5 million. He also wins the 1997 US Investing Championship with 155%.
In 2021 US Investing Championship Competition, Mark participated for a second time and took the first place again! He started the competition with $1.2 million cash and finishes the year with $2.7M (even after he de-risks trading and removes $900,000 in second month). This of courses adds about $1.5 million to his net worth.
From then on it is very difficult to estimate how much is Mark's trading account since he keeps this information very private. Some things that he has said during his weekly Q&A sessions has given us some idea about size of the account. For instance, during a Q&A session in October 2022, he said that sometimes he can have a $10M position! Now given that his standard position size is 25% of portfolio and his overweight position size is 50% of the portfolio, we can estimate that his account size is somewhere between $20-40 million. This can be summarised as a good indicator to how another big chunk of his net worth. We are discounting the fact that he has mirror contingency trading accounts that are likely to have at least 25% of his total account value in them.
Therefore, the total estimated trading gains for Mark are somewhere around $45 million
👉2021 US Investing Championship Competition, Mark Minervini audited report here
Fun fact: Mark Ritchie II - 2010 to 2022 AUM (assets under management) is $25M. Meaning that for the last 10 years one of Mark's students has grown net worth from $100k to over $25 million
Trading Services
Earlier Services
Earlier on in his career, Mark has launched his hedge QuantTech Fund LP and QuantTech Research Company. He frequently refers to the time when he has been employed by George Soros as a key client, which he has been advising. There is no information if and how much money he has accumulated from these earlier endeavours.
Master Trader Program (MTP)
From the Minervini Private Access services, Mark Minervini net worth also grows a lot. There are 2 services that he is selling, Minervini Private Access (MPA) and Master Trader Program (MTP). Mark has recently said that for the MTP course there are students from over 74 countries! This means that if we take US out, where most of his students are, and there is 1 student per country then international revenue for this service is about 73 x $6000 = $365,000. Generally, International revenue is about half of the total revenue, so we can estimate that Mark Minervini net worth grows with anywhere between $700k - 1M every year. Since he has ran the MTP for over 10 years, but discounting that he has not been so popular in the first few years, my estimate is that his net worth has grown by over $5 million from MTP alone.
Minervini Private Access (MPA)
Regarding MPA, we do not have total information regarding how many members there are. However, what we can grab for data is how many times the iOS and the Android applications have been downloaded. Now, I have some estimate form a service I use that both the apps have been downloaded more than 1000 but less than 5000 times. Let's assume the most, 5000 each making total downloads to 10,000. Now with any service like this there is churn and we can assess this at 80% (this is very high), making our estimate subscribers to 2000. This also fits nicely with the estimate students of MTP (150 making them about 7.5% of total students). With an annual package of $6000 and additional 50% discount, then the estimated annual revenue for Mark Minervini is about $6M from MPA alone. The service has been running for 10 years (launched 2010) so we can estimate about 3 full years at current revenue for lifetime attracted revenue of the service or $18M between 2010 and 2020. The estimated 1000 subscribers represent about 0.2% of total Twitter followers of Mark, so this is another validation for the numbers.
This means that from Minervini.com, Mark has accumulated about $23M net worth over the course of the last 12 years.
Real Estate
Apart from the South Carolina home, where he is a resident, property check on Mark (personally) show a bunch of other real estates. Information wether those are sold or still owned was not clear. He has mentioned that he holds various real estates as investment properties before. If we assume that there are additional 4 properties with half the value of his current home, it would mean that the Minervini real estate portfolio (without his residence) is about $2M. If we add his current home, Mark Minervini net worth from real estate would climb to additional $4M.
Non-Trading related
Other Business
Mark has mentioned that apart from the stock market business, he has equity in various other ventures. Little can be disclosed for this, but one has been mentioned that it has to deal with vehicle sales. There is no concrete financial numbers where numbers that can extrapolate numbers here.
Vehicles
Mark also owns a few vehicles. Apart form the Lamborghini above he drives a truck (Nissan - unconfirmed) and his wife has a separate vehicle. Total family vehicles are not confirmed.
Publishing & Books writing
Mark Minervini has gained a lot of popularity based on his openness about his developed trading methodology. That being said he has written and published 4 books and has 1 book in the making as of the date of this article (October 2022). He has disclosed that this business is not bringing any significant income and hence why I have not included income from books selling it in my calculation.
His books, which I highly recommend are:
Trade like a stock market wizard, 2013
Think and trade like a champion, 2016
Momentum Masters, 2015
Mindset Secrets for Winning, 2017
Writing in 2022, expected publishing mid 2023
Final Number
Trading Gains = $45M
Trading Services = $23M
Real Estate = $4M
Other businesses = unknown
Total Mark Minervini Net Worth Calculation = $72M
Disclaimer
I do not personally know Mark, and all of this information is my estimate regarding his fortune. I have disclosed how I have calculated these and the assumptions I have made. There are a bunch of other revenue sources that I have no way of knowing and he has not disclosed. However, since the calculation of net worth takes into consideration all liabilities and expenses, these have not been added as well. Therefore, I assume that the missed revenue sources would net the expenses and liabilities and believe that the above calculated number is close to reality.
Mark is not the richest trader in the world but he is definitely a super successful businessman whose methodology has been time tested over the last 4 decades. His technical systems for speculating with stocks pushed him in one of the most well known names in the profession, allowing him to achieve a guru like status. I have been studying his methods and been following his training and can guarantee that for me they have made tremendous profit and brought great income.
Mark Minervini Gallery
Here is a video I have made about Mark Minervini and his success in the stock market. I sent it to Mark and he has posted in his YouTube grabbing whooping 6.6k views in 1 month -
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