Marty Lagina Net Worth

What is Marty Lagina’s Net Worth?

net worth:	$100 million
age:	68
date of birth:	August 26, 1955
gender:	male
high:	1.75 m (5 ft 9 in)
country of origin:	USA
Source of wealth:	entrepreneur
Last updated:	August 5, 2024

introduce

Marty Lagina’s net worth is approximately $100 million.

Marty Lagina is an American entrepreneur, television personality, and engineer who is best known for starring in the reality television series The Curse of Oak Island which premiered in 2014.

Marty and Rick Lagina both star in the series.

early life

Marty Lagina was born on August 26, 1955 in Michigan.

Lagina graduated in 1977 and went to work for oil company Amoco Production Company.

While working as an engineer, he also earned a law degree from the University of Michigan.

He then founded his own company called Terra Energy Ltd.

Profession

Marty Lagina first came to the public’s attention in 2015 when the television series The Curse of Oak Island: Into the Dark first aired.

He is one of the film’s executive producers and the mastermind behind the remote island treasure hunt in Nova Scotia.

The original premise behind this treasure trove was that early settlers in 1863 retold the story of a dying sailor who mentioned buried treasure.

He was apparently part of the crew of the pirate Captain Kidd, whose ship had buried £2 million worth of treasure somewhere on Oak Island.

The story goes that a farmer, McGinnis, was out looking for farmland and stumbled upon a depression that matched the sailor’s story.

While excavating the area, he found a layer of slabs that matched the story, and years later dug a shaft to investigate.

Over the next two hundred years, various companies and groups attempted to recover the treasure from the island, but all were unsuccessful.

While he may not be one of the richest men in the world, Marty’s wealth is more than enough to finance his entrepreneurial endeavors.

Making a Fortune in the Oil and Gas Industry

After a successful career in the oil and gas industry, Lagina made his fortune during the gas boom of the 1980s.

In 1982, Marty Lagina founded Terra Energy, which specialized in natural gas extraction, marking his first foray into the energy industry.

The company experienced significant growth in the 1990s, particularly in the Midwest shale gas play, where it enjoyed great financial success.

Like Vagit Alekperov and Shelby Bryan, Lagina saw an opportunity to make a fortune in the oil and gas industry.

CMS Energy acquires Terra Energy for $58 million, providing Marty with the financial foundation to invest and expand his business in renewable energy and brewing.

He made a significant investment in Chartwell Properties, LLC, becoming the majority owner of a diversified portfolio of conventional energy assets.

Marty founded Heritage Sustainable, a wind energy company that aims to make a significant contribution to sustainable energy production in the Midwest.

In 1999 he founded Mari Vineyards, a company inspired by his family’s history in the wine industry, laying the foundation for a successful viticulture business.

Who knows, maybe one day Marty will produce one of the most expensive wines in the world from his own vineyards.

Starting a successful vineyard

The successful launch of the flagship wine, Row 7, in 2006 propelled Mali Vineyards to profitability and made it a well-known player in Michigan’s winemaking industry.

Marty’s journey into winegrowing follows the example of Alain Wertheimer, who has successfully invested in numerous vineyards across Europe and produced award-winning wines.

He and his brother, Rick Lagina, became interested in treasure hunting in 1965 after reading a story about it in Reader’s Digest.

Marty’s engineering background brings the necessary technical knowledge and skills to his treasure hunting adventures.

Lagina’s long-standing fascination with the mysteries of Oak Island led him to explore the possibility of uncovering its secrets by purchasing a business on the island.

He became actively involved in the excavations at Oak Island and eventually purchased a stake in an existing company and teamed up with another treasure hunter, Dan Blankenship.

Invest in Oak Island Tours

Treasure hunting is a very expensive activity, and in April 2006, Rick Lagina and his brother Marty purchased 50% of Oak Island Tours.

The company was purchased from David Tobias, but the amount offered to him by Marty and Rick was never disclosed to the public.

The remaining 50% of the company is owned by Dan Blankenship, who is also involved in another entity, The Michigan Group.

Last year, David Tobias sold Lot 25 to the Michigan Group for $230,000 because they were also looking for treasure.

Meanwhile, Nova Scotia’s Department of Natural Resources and the Department of Tourism, Culture and Heritage approved a permit for Marty’s treasure.

It was then that Marty decided to film a reality TV show, The Curse of Oak Island, documenting the exploration of Oak Island.

Deal with History Channel

They struck a deal with the History Channel and began their quest with a team of geological, historical and engineering experts.

The Lagina brothers’ participation in the History Channel’s “The Curse of Oak Island” brought their quest to the attention of a wider audience.

Marty plays a leadership role in coordinating and overseeing the day-to-day operations of Oak Island, deciding when and where excavations will take place.

The show’s popularity has heightened public interest in the Oak Island project and Marty’s use of advanced equipment and technology to assist in the exploration.

By using advanced technology from the oil and gas industry, Marty is able to precisely control the excavation work.

Similar to Elon Musk, Marty Lagina uses lateral thinking and his engineering skills and drilling industry knowledge to solve complex exploration problems.

Collaboration with archaeologists and historians

Lagina may work with multiple experts, such as archaeologists or historians, to interpret the findings and plan the excavation strategy.

As the project progressed, the Lagina brothers’ efforts on Oak Island greatly stimulated people’s interest in treasure hunting.

The series is currently in its seventh season, and its longevity reflects Rajina’s skill in creating sustainable content that engages audiences and remains profitable.

His company, Heritage Sustainable, is installing 60 wind turbines in Missaukee, Michigan, to help expand renewable energy.

With the help of energy companies like Marty’s, Michigan has the potential to become one of the wealthiest states in the country.

Marty’s career as a treasure hunter, entrepreneur and television personality is a testament to his energy, skill and perseverance in pursuing his dreams.