Vitalik Buterin Net Worth
Vitalik Buterin net worth and salary: Vitalik Buterin is a Russian-Canadian programmer and writer who has a net worth of $1 billion. Vitalik Buterin was born in Kolomna, Russia in January 1994. He co-founded the platform Ethereum and Bitcoin Magazine. He learned about bitcoin from his father when he was 17 years old. Buterin won the Thiel Fellowship for $100 thousand before working for Ethereum full time. He wrote articles about bitcoin for five bitcoin each and then he became the co-founder and lead writer for Bitcoin Magazine in 2011. Vitalik Buterin co-created and invented Ethereum which is a "decentralized mining network" and a "software development platform" related to facilitating the creation of new cryptocurrencies and programs sharing a single block chain. In 2014 he won the World Technology Award and he was also named to the Fortune 40 under 40 list in 2016 and the Forbes 30 under 30 list in 2018.
Ether Holdings: As of this writing, Vitalik owns 335,000 Ether. At one point he owned 405,000 Ether. When Ether traded at $1,400 in January 2018, Vitalik's paper net worth was $567 million. By February 2018, Ether was trading at $900, which meant Vitalik's 365,000 Ether had a paper net worth of $300 million. By August 2018, the price of Ether dropped to $300, which meant Vitalik's coins were worth around $100 million before taxes. In May 2021, when Ether hit $4,000, Vitalik's paper net worth topped $1.3 billion.
SHIB: In April 2021, the anonymous creators of a coin called SHIB, announced that they had gifted Vitalik half of all the SHIB in existence. Roughly 505 billion coins. A month later, those 505 billion SHIB were worth $8 billion. On May 10, those 505 billion SHIB were worth $14 billion, giving Vitalik a net worth of $16.3 billion when combined with his other holdings.
Rugging: On May 12, 2021, Vitalik began dumping large chinks of the gifted alt-coins. He converted around $60 million worth in under an hour and donated to various charities. He also donated the equivalent of $1 billion SHIB to an India COVID relief fund. He eventually transferred all the gifted coins out of his wallet.
|Net Worth:||$1 Billion|