Milton “Todd” Ault III is an American businessman, investor, and corporate executive involved in investment management and leadership across sectors including finance, technology, and healthcare. He has held numerous executive and board roles at public and private companies and is the founder of the private diversified holding company Ault & Company, Inc. ^[1]

Education

Ault graduated from Chapman University, where he earned a degree in Business and Economics. ^[2]

Career

Ault began his career in the securities industry in the early 1990s. From 1992 to 1996, he was an account executive and syndicate manager at Dean Witter Reynolds Inc. He then transitioned to a role in institutional sales at Prudential Securities Inc., where he worked from 1996 to 1998. Following this, he joined Strome Securities L.P. in 1998, focusing on account management and hedge fund-related activities until 2005.

In 1998, Ault co-founded Ault Glazer Investment Management & Co., LLC, where he served as chairman and chief executive officer until 2007. The firm later evolved into Zealous Asset Management. During this period, he expanded into the healthcare technology sector by co-founding Patient Safety Technologies, Inc. in 2004, serving as its chairman and CEO until 2007. Under his leadership, the company acquired SurgiCount Medical Inc. The acquired entity was later sold to the Stryker Corporation in 2013.

In 2005, Ault co-founded the broker-dealer firm Zealous Capital Markets, LLC, acting as its president and chief executive officer until 2009. Beginning in 2011, he took on a role as a corporate development consultant for a private holding company. In 2014, he became the chairman of Avalanche International Corp., a position he has held concurrently with other duties.

Ault founded his private diversified holding company, Ault & Company, Inc., in 2015, where he serves as chairman and chief executive officer. Through this parent company, he oversees affiliated businesses, including Ault Capital, LLC, and Ault Real Estate Partners, LLC. In 2016, he founded Alzamend Neuro, a company focused on developing treatments for Alzheimer’s disease, and serves as its vice chairman. In 2017, he briefly served as the executive chairman of Digital Power Corporation before assuming the role of executive chairman at Hyperscale Data, Inc. that same year, where he oversees data infrastructure and hosting services. ^{[3] [4]}

Interviews

Interview w/ Ed Hajim

On his podcast in October 2024, Ault interviewed Ed Hajim, a Wall Street executive and author, who recounted his unconventional journey to success. Starting as a chemical engineer and Navy veteran, he transitioned into finance by attending Harvard Business School. Eventually, he landed at Capital Research, where he discovered a passion for investment analysis rather than investment banking. Despite numerous challenges, including significant career shifts and personal hardships, Hajim built and managed successful investment firms, making a significant contribution to the financial world. He also shared poignant stories from his personal life, including a long separation from his mother, whom he found after decades apart. His experiences inspired him to write a book aiming to illustrate the importance of education and resilience, emphasizing that one's background does not dictate one's future. Ultimately, Hajim's narrative was one of perseverance, transformation, and giving back to others through education and mentorship. ^[8]

Threats & Markets

On the Success Story podcast with Scott D. Clary in June 2024, Ault recounted his experiences with volatile public markets, noting the challenges of operating a publicly traded company. He reflected on the overwhelming nature of short-term trading pressures, leading to death threats against his family due to fluctuations in stock performance. Ault emphasized the importance of thoroughly understanding business investments and cautioned about the difficulties of running a hybrid holding company model, which he described as more complex than traditional equity structures. He shared insights from years in the finance sector, advocating mentorship and the importance of relationship management, and discussed his ongoing projects, including AI data centers and investments across various industries. Ault's journey showcased the relentless nature of entrepreneurship, intertwined with personal resilience and the necessity for continuous learning in the face of adversity. ^[7]

Presentations

De-Banked & Decentralized

In his keynote at the TOKEN2049 conference in October 2025, Ault shared his experience of being debanked due to associations with Bitcoin mining, emphasizing that this issue affected not only his business but also many others in the financial system. He highlighted the challenges faced by cryptocurrency and fintech firms in accessing basic banking services, with many accounts being frozen without explanation. Ault advocated for decentralized finance (DeFi) as a solution to restore access and trust in the financial system, noting its potential to offer liquidity for real-world assets. He expressed confidence that the shift towards DeFi was unstoppable and outlined his vision for integrating this technology into traditional finance. Moreover, he spoke of the importance of policy changes influenced by the Trump administration that have allowed for advancements in blockchain technology and real-world asset tokenization. Ault concluded by underscoring the need for infrastructure that supports a decentralized ecosystem while remaining compliant with regulations, setting the stage for a new financial era driven by AI and blockchain integration. ^[6]

Panels

Next Financial System

At the Tokenized Capital Summit in March 2026, Ault participated in a panel alongside moderator Danielle Marie (Evolveh3r) and panelists Kristen Peng (ACM Quant), Eril Binari Ezerel (Best in Slot), George Egbuonu (Banana Crystal), and Jaime Beasley (Hashlock). The discussion was about the evolution of Web3 technology and its implications for the financial system. Panelists emphasized that, while Web3 had been developing for over a decade, it had struggled with user adoption and with finding product-market fit. They noted the growing demand for Real World Asset (RWA) tokenization, predicting that advancements such as stablecoins and decentralized autonomous organizations (DAOs) would reshape how assets are managed and traded globally on digital platforms, enabling seamless transactions. Speakers expressed hope that innovations in AI would enhance risk management and security, thereby facilitating a transition to a modern financial framework in which all assets could trade continuously online. Participants highlighted the importance of thorough smart contract audits and the challenge of sifting through numerous projects in a crowded market. Ultimately, they envisioned a future in which blockchain technology is integrated into everyday life, with investments in payment systems and asset management strategies key for institutional investors looking to capitalize on the rapidly developing ecosystem. They suggested that by 2035, digital assets could transform economies, with Bitcoin a central player. ^[5]