Who Actually Gets To Keep The Treasure On Curse Of Oak Island? - Looper (2024)

ByEthan Zack/

The premise of "The Curse of Oak Island" is a relative oddity in the sense that the main cast of the show are searching for the very thing that would precipitate the show's end. Across nine seasons, the show has followed treasure finders and brothers Rick and Marty Lagina as they and their team search for the historically infamous treasure purported to be hidden somewhere on Oak Island in Nova Scotia. Though the series has seen the team make several notable discoveries and breakthroughs, the treasure itself remains undiscovered, at least for now.

But as likely — or unlikely –as it may seem, fans have long wondered about a possible endgame for the series if the team does successfully locate and unearth the treasure. Such a discovery would likely turn the whole community surrounding Oak Island upside down, even outside of the show's parameters, and a lot of parties would inevitably be involved. So, the question persists: if the treasure on Oak Island is found, who actually gets to keep it?

The Lagina brothers would probably get most of the treasure

In a 2020 video on History's official YouTube site in which the Lagina brothers answered fan questions, the pair discussed who would be the rightful claimant to the treasure if it were discovered on the show. As Rick explains, the answer comes in two parts. The first detail is that the Lagina brothers' current search of Oak Island is covered under the Treasure Trove License, a government act stipulating that licensed treasure finders can lawfully keep 90 percent of whatever treasure they find. The other 10 percent of the findings are claimed by the government, who can pick whatever tenth of the treasure they so desire. This seems like a relatively clean-cut scenario, but that's where the second part complicates things.

Marty elaborates that if a significant treasure was found on Oak Island, it's likely that multiple claimants would emerge and make arguments for their rightful ownership of its contents, be it some element relating to their residency, their family lineage, or something else. Basically, many people would try to get at least a portion of the famed treasure and it's uncertain whether any could be successful.

At the end of the day, at least two recipients are clear: the Lagina brothers and the government would both have rightful claim over at least some part of the treasure. However, only time will tell whether such a scenario will ever happen on "The Curse of Oak Island."

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Who Actually Gets To Keep The Treasure On Curse Of Oak Island? - Looper (2024)

FAQs

Who Actually Gets To Keep The Treasure On Curse Of Oak Island? - Looper? ›

The Lagina brothers would probably get most of the treasure

Do the laginas get to keep the treasure? ›

With the license—which the Laginas have—treasure hunters can keep what they find except for 10 percent and whatever the government deems as artifacts.

Why did Craig Tester leave Oak Island? ›

Craig Tester last night revealed that he will be leaving The Curse of Oak Island for the rest of the season following his son Drake's tragic death. The businessman said on the History show that he would not be returning to the island “this year” so he could return home to Travis City, Michigan, to be with his wife.

Have they finally found the treasure on Oak Island? ›

Various items have surfaced over the years that were found on the island, some of which have since been dated to be hundreds of years old. Although these items can be considered treasure in their own right, no significant main treasure site has ever been found.

How much of Oak Island is owned by the Laginas? ›

When Michigan brothers Rick and Marty Lagina bought a 50 percent stake in the company that owns the famed Oak Island in 2006, they became the latest in a long line of treasure hunters who have spent more than 220 years trying to unearth untold riches suspected of being hidden in its confines.

Where do the Lagina brothers get their money? ›

How did the Lagina brothers make their money? In 2006, Rick and Marty purchased a 50% stake of Oak Island Tours Inc., the company that owns the island, with Oak Island resident Dan Blankenship retaining the other 50%. That was when their treasure-hunting days began.

Who is Marty Lagina's wife? ›

What does Jack Begley have to do with Oak Island? ›

Jack Begley: Stepson of Craig Tester, Jack tends to take on the dirtier jobs on the island, such as manually searching the spoils from various shafts, manual digging, and even walking through the swamp.

What does Craig tester of Oak Island do for a living? ›

Craig is Marty's former college roommate and now his partner in their energy business. He is an engineer and an expert with drilling and resistivity (earth scans) and has been instrumental in researching, locating and planning new dig operations on Oak Island. Don't let his calm, cool and collected demeanor fool you.

How much is Greg Tester worth on Oak Island? ›

Per Showbiz CheatSheet, Craig Tester's estimated net worth currently lies between $2.5 million and upwards of $5 million. Craig Tester is known for producing and occasionally starring in the long-standing History Channel reality series The Curse of Oak Island.

How rich are the lagina brothers? ›

Know their net worth, here. How much does Rick and Marty Lagina earn from their TV show? Marty has an estimated net worth of $100 million while his brother Rick owns $10 million according to celebrity net worth. Lagina brothers are very popular in Michigan.

Is Alex Lagina in a relationship? ›

Alex is dating a fashion blogger and social media influencer, Katherine Sneed. Alex is also a producer of The Oak Islands.

Who is Rick Lagina's nephew? ›

How did Marty Lagina get so rich? ›

While pursuing his Doctor of Law at the University of Michigan, he did engineering consulting for petroleum companies. In 1982, he founded Terra Energy Ltd. He sold Terra to CMS Energy for $58 million in 1995 and founded Heritage Sustainable Energy.

Does anyone still live on Oak Island? ›

Oak Island is populated on a seasonal basis with two permanent homes and two cottages being occupied part-time. While the island remains private property, public access is granted to those who schedule tours ahead of time.

How much does Gary Drayton make? ›

Gary's dedication to his craft has paid dividends. He's estimated to be worth between $2 million and $3 million, so – as we're not privy to his bank balance – we'll average things out and call it $2.5 million. Gary has made his fortune through a number of income streams.

How rich are the Lagina brothers? ›

Know their net worth, here. How much does Rick and Marty Lagina earn from their TV show? Marty has an estimated net worth of $100 million while his brother Rick owns $10 million according to celebrity net worth. Lagina brothers are very popular in Michigan.

Why is there so much treasure on Oak Island? ›

The theory goes like this: During the siege, the British looted untold millions in gold from the Spanish, who had themselves stolen it from indigenous Cubans. Then, as the precious cargo was transported north to Halifax, “rogue British naval officers” ordered the ship to Oak Island, where they had the treasure buried.

Who pays for the Oak Island treasure hunt? ›

Moreover, as owners of a 50% stake of Oak Island Tours, Inc., the company that owns Oak Island, Marty and Rick Lagina fund a good deal of the Oak Island drilling and digging operations themselves (via History).

What does Marty Lagina's daughter do? ›

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