Nate Morris Net Worth

What is Nate Morris' net worth?

Nate Morris is an American entrepreneur who has a net worth of $30 million.

Nate Morris is a Ninth-generation Kentuckian, entrepreneur, and political candidate whose career has been defined by the intersection of industrial disruption and conservative activism. He first gained national recognition as the founder of Rubicon Technologies, a company that utilized a digital marketplace model to modernize the waste and recycling industry. Under his leadership as CEO, Rubicon grew from a Kentucky-based startup into a global enterprise operating in all 50 U.S. states and 20 countries, eventually achieving a listing on the New York Stock Exchange in 2022. Following his tenure at Rubicon, Morris expanded his business interests through Morris Industries, a private conglomerate, while emerging as a significant figure in Republican politics.

In 2025, Morris pivoted toward public service, launching a high-profile campaign for the United States Senate to succeed the retiring Senator Mitch McConnell. Positioned as a business outsider and a staunch ally of the "America First" movement, his candidacy became a focal point of the 2026 midterm elections. His campaign drew national attention in January 2026 when tech mogul Elon Musk contributed $10 million to a supportive super PAC, marking one of the largest single donations to a Senate race in American history. Throughout his career, Morris has maintained a focus on his home state, utilizing his Morris Foundation to provide college scholarships and promote economic access for Kentuckians, while simultaneously navigating the complexities of global tech leadership and high-stakes national politics.

Early Life

Nate Morris was born in Lexington, Kentucky, in October 1980. He is a ninth-generation Kentuckian. His upbringing was rooted in the values of the American labor movement; he was raised in a union household by a single mother. His grandfather served as the president of the United Auto Workers (UAW) Local in Louisville, an influence Morris has frequently credited as the foundation for his understanding of the industrial sector and the challenges facing working-class families.

He was raised by a single mother, was educated in public schools, and eventually became the first Kentuckian to be named to Fortune Magazine's 40 Under 40 list. He is also the youngest inductee ever to the Kentucky Entrepreneur Hall of Fame.

Education

Morris's academic career began in the Kentucky public school system and continued at George Washington University, where he graduated with a Bachelor of Arts in Political Science. At university, he was elected to Phi Beta Kappa and was a Scottish Rite Scholar. He later pursued advanced studies as a mid-career professional, including time at Princeton University's School of Public and International Affairs and the University of Oxford. His academic contributions were recognized with an honorary doctorate of letters from the University of Pikeville and a Nate Morris Fellowship endowed at the Gatton College of Business and Economics at the University of Kentucky.

Rubicon Technologies & Peak Paper Net Worth

In 2009, Morris co-founded Rubicon Global (later Rubicon Technologies) with a $10,000 line of credit and the goal of applying digital-age logistics to the "Grimy" business of garbage. The company's model—connecting independent haulers to multinational clients through a cloud-based platform—earned it the moniker "the Uber of Trash." Under Morris's tenure as CEO, Rubicon expanded its operations to all 50 U.S. states and 20 countries, securing more than 50 patents and attracting a high-profile board that included figures like Leonardo DiCaprio.

In August 2022, Morris led the company through its most significant financial milestone: a merger with Founder SPAC that saw Rubicon list on the New York Stock Exchange (NYSE) under the ticker $RBT. At the time of the listing, the company was valued at approximately $1.7 billion.

SEC filings from the period revealed that Morris held a significant ownership stake of roughly 22.9 million shares (Class V common stock), representing approximately 14.3% of the total voting power. At the height of the company's valuation, this stake was theoretically valued in excess of $250 million.

Unfortunately, Rubicon's transition to the public markets proved difficult. The company faced mounting debt and a rapidly declining share price. After initially trading at around $100 a share and very briefly hitting $160 a share in July 2023, the stock price proceeded to plummet over the next several years. In June 2024, with the stock price sitting at around $3 a share, the company was delisted from the New York Stock Exchange. Following the delisting, the company's shares moved to the over-the-counter (OTC) markets. By early 2026, the company's market capitalization had fallen to under $10 million, with shares trading at nominal fractions of a cent. Consequently, the massive paper wealth associated with Morris's initial stake in Rubicon had largely evaporated. If he still owns 14.3% of the company, his stake would theoretically be worth around $1.43 million, down from $250 million.

Morris secured a $1.85 million cash payout and a $675,000 bonus as part of his departure agreement from the CEO role in October 2022.

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Political Career and 2026 Senate Run

Morris was active in Republican fundraising as early as 2004, but he did not seek public office himself until 2025. Following the announcement that Senator Mitch McConnell would not seek re-election, Morris declared his candidacy for the vacant Senate seat. Running as an "America First" conservative, Morris aligned himself with the populist wing of the GOP, earning endorsements from the Senate Conservatives Fund, Turning Point Action, and Vice President JD Vance.

His 2026 primary campaign against Representative Andy Barr and former Attorney General Daniel Cameron was characterized by a "business-outsider" message and a commitment to dismantling the legacy of the "McConnell machine." In January 2026, the race became one of the most expensive in the country after Elon Musk provided a $10 million infusion to the "Fight for Kentucky" super PAC. Despite the decline of Rubicon, Morris demonstrated substantial personal liquidity during the race, loaning his own campaign over $3 million by the end of 2025

Personal Life

Morris is married to Jane Mosbacher Morris, an entrepreneur and author. Together, they reside in Lexington, Kentucky.

Real Estate

In September 2021, Nate and Jane paid $2.5 million for an estate in Lexington, Kentucky. The multi-acre property features a 6,000-square-foot mansion set on sprawling lawns.

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