What is Marty Lagina's Net Worth?
Marty Lagina is an American reality television personality, entrepreneur and engineer who has a net worth of $100 million. Marty Lagina is probably best known for starring in the History Channel reality TV series The Curse of Oak Island which premiered in 2014. Marty Lagina has also been an executive producer of the series and starred in the reality TV series The Curse of Oak Island: Drilling Down since 2016.
The show follows Marty and his brother Rick, who are both originally from Kingsford, Michigan, as they attempt to find a treasure that is supposedly buried on the island. Rick and Marty first became interested in the island after reading a copy of Reader's Digest in 1965. The article featured the history of a family by the name of Restall that at one point was investigating the long lost supposed treasure. Today Marty and Rick own a controlling interest in the Oak Island Tours company which is the majority owner of the island. There are many theories as to the original source of the treasure. One of the more prominent theories is that the treasure was left by North African gold merchants dating back to the 1300s.
Marty Lagina Net Worth – How Did He Earn His Actual Fortune?
Outside of being a reality TV star, Marty is also a very successful businessman and that has allowed him to fund he entire Oak Island Tours operation and treasure hunt. Before becoming a TV star, Marty struck gold in the the world of natural gas and wind power extraction. His company Terra Energy was a pioneer in extracting natural gas from shale around the mid-west in the 1990s. Marty eventually sold Terra Energy to a company called CMS Energy for $58 million. He then launched a new company called Heritage Sustainable to focus on wind power. Heritage is currently planning to build 60 wind turbines in Missaukee, Michigan. That will make Marty the largest wind-energy producer in the entire state of Michigan and one of the largest overall producers in the mid-west. He believes he can eventually power 25% of Michigan's power by wind and wants to replicate that process around the country.
Marty also owns a winery called Mari Vineyards. His family ties go way back to a wine making family in Italy so he launched his own winery in 1999. They were not successful at first but by 2006 they were producing a flagship bottle called Row 7. Today Mari Vineyards owns over 60 acres in Michigan. Marty's son Alex Lagina manages the winery.
Marty Lagina Net Worth (Getty Images)
Early Life
Martin Lagina was born on August 26, 1955, in Kingsford, Michigan, the son of George Jacob and Anna Lagina. Lagina has one brother, Rick Lagina. Lagina graduated from Kingsford High School; in 1973. He attended Michigan Tech University, after which he started working for Amoco as a petroleum engineer. He went on to get his Juris Doctor at the University of Michigan, while working in the petroleum consulting business on the side.
Career
After obtaining his Juris Doctor in 1982, Lagina founded Terra Energy Ltd. With this company, he developed over $3 billion in natural gas resources and oil. He sold the company to CMS Energy in 1995 for a reported $58 million. He then began focusing on wind-powered energy. Lagina started a new company called Heritage Sustainable Energy which planned the biggest wind farms in Michigan. Marty remains the majority owner of HSE and he oversees the fundamental aspects of the business side of the company.
Marty Lagina has also been an executive producer of the series and starred in the reality TV series The Curse of Oak Island: Drilling Down beginning in 2016 on the History Channel. The show follows Marty and his brother Rick, who are both originally from Kingsford, Michigan, as they attempt to find a treasure that is supposedly buried on the island. Rick and Marty first became interested in the island after reading a copy of Reader's Digest in 1965 that they found in their elementary school library. The article featured the history of a family by the name of Restall that at one point was investigating the long-lost supposed treasure. Today Marty and Rick own a controlling interest in the Oak Island Tours company which is the majority owner of the island. There are many theories as to the original source of the treasure. One of the more prominent theories is that the treasure was left by North African gold merchants dating back to the 1300s. In the spring of 2022, the show began airing its ninth season.
Other Ventures
Outside of being a reality TV star, Marty is also a very successful businessman and that has allowed him to fund the entire Oak Island Tours operation and treasure hunt. Heritage is currently planning to build 60 wind turbines in Missaukee, Michigan. That will make Marty the largest wind-energy producer in the entire state of Michigan and one of the largest overall producers in the midwest. He believes he can eventually power 25% of Michigan's power by wind and wants to replicate that process around the country.
Marty also owns a winery called Mari Vineyards. It was named after Marty's Italian grandmother. His family ties go way back to a wine making family in Italy so he launched his own winery in the Upper Peninsula of Michigan in 1999. They were not successful at first but by 2006 they were producing a flagship bottle called Row 7. Today Mari Vineyards owns over 60 acres in Michigan. Marty's son Alex Lagina manages the winery.
Personal Life
Marty is married to Margaret Olivia Lagina. They have two children.
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