Rank #3219
James Litinsky
Net worth $1.1B
Minerals · United States
- Born
- Jan 01, 1978
- Age
- 48
- Source
- Minerals
- Residence
- Las Vegas, Nevada
- Citizenship
- United States
- Marital status
- Children
- 0
- Education
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
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