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HomeNewsIs the Oak Island Treasure Worth More Than the Lagina Brothers’ Net...

Is the Oak Island Treasure Worth More Than the Lagina Brothers’ Net Worth?

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It would need a bit of history to clarify what the Lagina brothers are doing on Oak Island. Many have called their activities on the island a wild goose chase. 

Marty holding a metal detector and Rick an axe
Source: Pinterest

However, the activities of the filial duo have so far made them some notable bucks. There is no public figure of the actual amount the Laginas have made from Oak Island, but we can estimate.

‘X’ Marks the Spot  

Oak Island is a privately owned small island off the coast of Nova Scotia in Canada. It has always been rumored that a stash of treasure that belonged to Captain Kidd was buried there around the 18th century.

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Promotional Campaign for the Curse of Oak Island
Source: Mystery History/YouTube

Various treasure hunters have launched expeditions to claim the legendary booty of Captain Kidd on the island. However, the Lagina brothers are the most prolific occupants of the historic piece of real estate.

ALSO READ: Researchers Find Potential $37 Billion Treasure on $2 Million Coal Mine

Filming the Journey of Treasure Hunters  

The Laginas’ search for treasure on Oak Island became a rave when the History Channel decided to film their treasure hunts. In 2014, the channel started filming the various sophisticated methods the brothers are using to pan for the island’s hidden treasures, calling it the Curse of Oak Island.

Poster for Season 10 of the History Channel Show
Source: Oak Island/Facebook

The Lagina brothers’ interest in the Oak Island treasure was inspired by a 1965 edition of Reader’s Digest. Rick Lagina stumbled on a piece about the island while reading the digest as an 11-year-old boy. 

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Making Millions From a Childhood Dream

Interestingly, the Laginas have not always been treasure hunters or TV sensations all their lives. They were simply responsible adults who kept the light of their childhood dream flickering. 

Marty and Rick brainstorming the next course of action
Source: Curse of Oak/X

It is presently estimated that Rick Lagina is worth $2 million, while his junior brother, Marty, is worth between $40 million and $60 million. However, it is interesting to know that their wealth did not all come from Oak Island. On the contrary, the Laginas have been industrious before the big break of the Curse of Oak Island.

Trained to Be a Hunter of Seismic Treasure  

Marty Lagina is a Science and Mechanical Engineering major who graduated from Michigan Tech in 1977. He also obtained a law degree in 1982 from the prestigious University of Michigan.  

Marty discussing a trail of evidence with experts
Source: Curse of Oak/X

Marty would spend the early years of his career working for various oil firms. However, he started an energy company of his own, Terra Energy Limited, which he would later sell for a whopping $60 million.

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Investing in a Childhood Dream   

On the other hand, Rick Legina has always been reclusive, and little is known of his career progress. However, we know he was a diligent man who spent his early years with the US Postal Service.

Rick metal-detecting beside a bobcat
Source: Curse of Oak/X

However, after Rick’s retirement, Marty funded his elder brother’s long-time dream of treasure hunting on Oak Island. So, the duo united to buy a 50% stake in Oak Island Tours Inc.

Bringing Expensive Equipment to Prospect in the Rough

The Oak Island private property originally belonged to Dan Blakenship, who has been panning for treasures on Oak Island alongside his son Dave as far back as the 1970s. 

Marty putting on his spectacle to see something Rick was showing
Source: Curse of Oak/X

The upper hand that the Lagina brothers have on the island is technological. Marty pointed out during an interview, “It takes more than a shovel.” As the History Channel show reveals, the Legina brothers bring experts and sophisticated equipment to the island for the excavations and other search activities.

Showbiz was the Cash Spinner    

While the cost of the Lagina brothers’ 50% stake in Oak Island Tours Inc. is not public knowledge, one thing the public knows is that The Curse of Oak Island show was a financial success.

Everyone squatting to examine something in the dirt
Source: Curse of Oak/X

Before the show began, remember the brothers were estimated to possess a combined wealth of around $47 million. However, the duo are said to be worth more than $100 million.

ALSO READ: Historic Wyoming Ranch Goes Back on Sale for $67 Million 

Finally, Striking Some Treasure 

Indeed, the Legina brothers did not find a hypothetical treasure chest on Oak Island. Nonetheless, they found some historical artifacts that will contribute significantly to the history of the island and its Mahone Bay.

The exploration crew
Source: Curse of Oak/X

So far, some of Oak Island’s most notable finds are a 12th-century manuscript, a Spanish copper coin, a lead cross from the 13th century, and a stone slab from 1804, to mention a few.

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