Satoshi Nakamoto Net Worth
Satoshi Nakamoto net worth: Satoshi Nakamoto is a Japanese-American computer software developer and alleged Bitcoin entrepreneur who has a net worth of $400 million. According to a Newsweek magazine expose, Satoshi Nakamoto is the illusive creator of the digital currency Bitcoin. He was born Beppu, Japan in July 1949 into a very poor family. His father was a Buddhist priest. After his parents divorced, Satoshi moved to California in 1959 with his mother. After graduating from college, Satoshi worked for a variety of defense department companies as a technology contractor. He has been married twice and has six children. It is believed that Satoshi's drive to create a digital currency was spawned after he was laid off from two jobs in the late 90s and lost his home to foreclosure. He began working on the original source code for Bitcoin sometime in the early to mid 2000s. Bitcoin was officially launched as an open source software digital currency in 2009. For the next two years, the price of a single Bitcoin never rose above 30 cents, but by the end of 2011 it had topped $32 then dropped back down to $2. Between 2012 and 2013, as more and more people around the world began to praise Bitcoin as the world's foremost crypto-currency, the price peaked at $266 in April of 2013 and then came back down to $50. Since then, the price of a single Bitcoin has topped $1000. Today the value of all the Bitcoins in circulation is estimated to be over $8 billion. It is believed that Satoshi Nakamoto controls 1 million Bitcoins which, as of this writing, would have a market value of $620 million. When the value of Bitcoins peaked over $1000 in December 2013, the value of Nakamoto's alleged fortune topped $1 billion. Newsweek claims that Satoshi has has so far been unable to sell any of his coins due to fear of having his true identity revealed. On March 6, 2014, a reporter from Newsweek successfully tracked down Satoshi in Temple City, California, just east of Los Angeles. Satoshi apparently lives in a modest home and drives a modest Toyota Corolla CE, despite allegedly being worth over $600 million. It is unclear yet whether or not he will now feel more free to cash in his fortune.