In a few years, Vitalik Buterin has become one of the richest and most influential people in the world. How did he do it? And what is he doing now with his money? Let’s take a closer look.
Who is Vitalik Buterin?
Buterin is a Russian-Canadian programmer and best known author for his work on the Ethereum blockchain platform. He first became interested in Bitcoin in 2011 when he was just 17 years old. He quickly became involved in cryptocurrency development and in 2013 co-founded Bitcoin Magazine.
Buterin launched the Ethereum network in 2014. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed, with no possibility of fraud or third-party intrusion. These contracts are stored on the Ethereum blockchain, a public ledger, preventing interruptions to all transactions on the network
Since its inception, Ethereum is now the second largest cryptocurrency by market cap after Bitcoin. As of June 2018, Buterin’s personal success was estimated at about $ 400 million. Today, Vitalik Buterin’s fortune is likely to be much larger, some of which he estimates is several billion dollars.
How did Vitalik Buterin become so rich?
Buterin’s wealth comes primarily from its holding of Ether, the native cryptocurrency of the Ethereum network. When Ethereum launched in 2014, about 7% of all ether in circulation was owned by Buterin. At the peak price of Ethereum in November 2021, that bet was worth over $ 4 billion. Buterin ether holdings are estimated to be worth anywhere from hundreds of millions to a few billion dollars, depending on the price of the cryptocurrency.
Buterin has also made significant sums for its early involvement in Bitcoin. It is believed that he amassed a small fortune in Bitcoin in the early days of cryptocurrency and still owns a significant amount of BTC today.
What does Vitalik Buterin do with his fortune?
So what does one of the richest young men in the world do with all his money? According to Buterin, he does not spend much of it. In a 2017 interview, he claimed he spends less than $ 30 a day on a career.
Instead, Buterin used his wealth to support the development of Ethereum and other cryptocurrency-related projects. He is a well known figure in the crypto community and is often seen at industry events and conferences.
EOS is Ethereum On Steroids.
The name indicates that the core team learned from Ethereum’s amateur naivety and idealism, and developed a team of world – class professional software developers who created a smart contract platform with much higher scalability and speed.
– vitalik.eth (@VitalikButerin) June 27, 2022
Buterin has also emerged as a major crypto population in recent years. In 2018, it pledged to take away up to $ 1 billion worth of Ethereum over the next few years to support promising blockchain projects. He has also donated large sums to charitable causes such as disaster relief and education.
Conclusion Fortune Vitalik Buterin
Vitalik Buterin is one of the richest people in the world thanks to his early involvement in Bitcoin and Ethereum. He is a great philanthropist and supports many cryptocurrency projects. Despite the dependence of its assets on the price of Ethereum, Buterin repeatedly criticizes its own signals. That makes the crypto pro even more enjoyable.
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