Marty Lagina Net Worth

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net worth:	$100 million
age:	68
Birth:	26 August, 1955
gender:	Male
Height:	1.75 m (5 ft 9 in)
country of origin:	United States of america
Sources of funds:	entrepreneur
Last Updated:	August 5, 2024

Introduction

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

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Marty Lagina is an American entrepreneur, television personality, and engineer, best known for starring in the reality 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 began working for Amoco Production Company, an oil company.

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

After this he formed his own company named Terra Energy Limited.

Livelihood

Marty Lagina first came to public attention when the television series, “The Curse of Oak Island: Drilling Down” first aired in 2015.

He is one of the executive producers and the brains behind the treasure hunt on a remote island in Nova Scotia.

The basic premise behind the treasure is a retelling of a story told by early settlers in 1863 about a dying sailor who mentioned buried treasure.

He was apparently a member of the crew of the pirate Captain Kidd’s ship, who had buried £2 million worth of treasure somewhere on Oak Island.

The story is of a farmer, McGinnis, who went in search of farming land and became trapped in a depression similar to the sailor’s story.

Excavating the area he found a layer of stones that matched the story and he dug a pit for years to investigate.

Over the next two hundred years, various companies and groups attempted to extract treasure from the island, but without success.

Although Marty is not one of the richest people in the world, his wealth is more than enough to fund his entrepreneurial ventures.

Making a fortune in the oil and gas industry

Having worked successfully in the oil and gas industry, Lagina made his fortune in the gas boom during the 1980s.

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

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The company experienced significant growth during the 90s, particularly in extracting natural gas from Midwest shale, resulting in substantial financial success.

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

CMS Energy purchased Terra Energy for $58 million, which provided the financial foundation for Marty’s investments and business expansion into renewable energy and winemaking.

He made a substantial investment in Chartwell Properties, LLC and became the majority shareholder in a diversified portfolio of conventional energy sources.

Marty founded Heritage Sustainable, a wind energy company, with the goal of making a significant contribution to the Midwest’s sustainable energy production.

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

Who knows, maybe one day Marty will produce the world’s most expensive wine from his vineyard.

Launching a Successful Vineyard

The successful launch of the flagship bottle, Row 7, in 2006 brought Mary Vineyards to profitability, and they became a major player in Michigan’s winemaking scene.

Marty’s viticulture journey was based on the example of Alain Wertheimer, who successfully invested in several vineyards across Europe and produced award-winning wines.

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

Marty’s background in engineering provided the technical knowledge and skills necessary for his treasure hunting venture.

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

He became actively involved in the Oak Island excavations and eventually partnered with another treasure hunter, Dan Blankenship, purchasing shares in an existing company.

Investing in Oak Island Tours

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

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

The remaining 50% of the company’s shares are held by Dan Blankenship, who is also associated with another entity, The Michigan Group.

David Tobias sold Lot 25 to a Michigan group last year for $230,000 because they were also looking for treasure.

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

That’s when Marty decides to document the exploration of Oak Island in a reality TV show, “The Curse of Oak Island.”

Agreement with History Channel

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An agreement was made with the History Channel and an exploration was begun in collaboration with various geology, history and engineering experts.

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

Marty took a leadership role in coordinating and overseeing day-to-day operations on Oak Island and deciding where and when to excavate.

The show’s popularity led to increased interest in the Oak Island project and Marty’s use of advanced equipment and technology to aid the exploration.

By utilizing advanced technology used in the oil and gas industry, Marty was able to have precise control over the excavation.

Like Elon Musk, Marty Lagina has used lateral thinking and his engineering skills and knowledge of the drilling industry to solve complex exploration problems.

Collaborating with archaeologists and historians

Lagina likely collaborated with various experts, such as archaeologists or historians, to interpret findings and plan excavation strategies.

As the project progressed, interest in finding the treasure grew significantly due to the Lagina brothers’ efforts on Oak Island.

The longevity of the series — which is currently in its seventh season — reflects Lagina’s skill at creating durable content that attracts viewers and maintains profitability.

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

It’s possible that with the help of energy companies like Marty’s, Michigan could join the list of America’s richest states.

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

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

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Highlights

Here are the best highlights of Marty Lagina’s career:

The Curse of Oak Island (TV show, 2014-)
The Curse of Oak Island: Drilling Down (TV-Show, 2016-)

Frequently Asked Questions

How much is Marty Lagina worth?

Marty Lagina’s net worth is estimated at $100 million.

How old is Marty Lagina?

Marty Lagina was born on August 26, 1955, and currently, he is 68 years old.

How tall is Marty Lagina?

Marty Lagina has a height of 1.75 m, which is equivalent to 5 feet 9 inches.

Summary

Marty Lagina has spent most of his life in Michigan and has always had a passion for wine. When he’s not filming on ‘Oak Island’ he likes to focus on wines such as grapes and wineries.