Billionaire Profile
James Litinsky
Global Rank
#3022

Image: Public domain | via Wikimedia Commons

James Litinsky

CEO, MP Materials Corp.
US
Real-Time Net Worth
$1.1B
As of December 2025
Age
47
Source
Minerals
Industry
metals-mining
Citizenship
US

Biography

James H. Litinsky is the Founder, Chairman, and Chief Executive Officer of MP Materials Corp., a company at the forefront of the rare earths industry. With an estimated net worth of $1.1 billion, Litinsky's wealth stems from his strategic investments and leadership in the minerals sector. His career began in finance, including roles at Fortress Investment Group and Omnicom Group, before founding JHL Capital Group LLC, an alternative investment management firm. Litinsky has a Bachelor's degree in Economics from Yale University and a J.D./M.B.A. from Northwestern University. His achievements include revitalizing the Mountain Pass mine, the only U.S. source for certain strategic metals, and leading MP Materials through a successful public offering, and he is focused on developing domestic capabilities for rare earth separation and magnet manufacturing.

Wealth Over Time

In-Depth Profile

Early Life and Education

James H. Litinsky was born and raised in the United States. He graduated cum laude from Yale University with a B.A. in Economics. He then went on to earn a J.D. and an M.B.A. from Northwestern University's School of Law and Kellogg School of Management. He was admitted to the Illinois Bar.

Rise to Success

Litinsky began his career in finance, holding positions at Fortress Investment Group, Omnicom Group, and Allen & Company. In 2006, he founded JHL Capital Group LLC, an alternative investment management firm. His career took a significant turn when he identified an opportunity in the rare earths sector. He became involved with MP Materials Corp. (NYSE: MP), which operates the Mountain Pass mine in California, the only U.S. source for certain strategic metals.

Key Business Strategies

Litinsky's business strategy has been marked by a focus on the rare earths supply chain and the U.S.'s need for these strategic metals. He revitalized the Mountain Pass mine, transforming it into a cornerstone of the domestic rare earth supply chain. In 2020, he took MP Materials public, raising significant capital to rebuild domestic capabilities for rare earth separation and magnet manufacturing. This strategic move strengthened America's energy, defense, and technology supply chains.

Philanthropy

James Litinsky serves on the boards of The Museum of Contemporary Art (Illinois) and Shirley Ryan Ability Lab.

Career Milestones

2006

Founded JHL Capital Group

Established an alternative investment management firm.

2017

Acquired Mountain Pass Mine

Led the acquisition and revitalization of the Mountain Pass rare earth mine.

2020

Took MP Materials Public

Successfully completed a SPAC deal and took MP Materials public on the NYSE.

Philanthropy & Social Impact

Arts

The Museum of Contemporary Art (Illinois)

Undisclosed

Serves on the board.

Healthcare

Shirley Ryan AbilityLab

Undisclosed

Serves on the board.

Business Philosophy & Leadership

Notable Quotes

""If you can buy a world-class asset at a discount to replacement cost at the bottom of a cycle, luck finds you.""

Leadership Principles

Focus on Supply Chain Resilience

Prioritizing the development of domestic rare earth separation and magnet manufacturing capabilities to strengthen national supply chains.

Strategic Investments

Making calculated bets on assets with long-term potential and strategic importance, such as the Mountain Pass mine.