James Litinsky

Net worth over time

Biography

• James Litinsky is the founder and CEO of MP Materials, which owns and operates the only rare earths mine in the United States in California.
• Litinsky, after receiving his J.D. and M.B.A., began his career at Fortress Investment Group before launching his own hedge fund JHL Capital Group in 2006 with $11 million in backing.
• JHL acquired the mine out of bankruptcy in 2017, orchestrated a cleanup effort, and took the company public in 2020 by merging it with a SPAC
• MP Materials began production at its own magnet manufacturing factory in Fort Worth, Texas in 2024, and is working to build a second factory.
• The U.S. Department of Defense acquired a $400 million stake in MP Materials in June 2025 and announced a 10-year partnership for buying the company's output.
• Litinsky began trading stocks, and reading Forbes, as a teen.

Financial assets