If you are interested in Vitalik Buterin, the founder of Ethereum, his net worth, or how much Vitalik Buterin's worth is in 2023, we have got you covered.
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| Vitalik Buterin’s net worth |
It seems that it is becoming easier and easier in the world today to become a self-made millionaire or billionaire and that too at a surprisingly young age. Gone are the days when you had to toil day and night to get to your goal. Now, you can sit comfortably in your room, make wise investments in cryptocurrencies, and get richer much quicker.
An example is Vitalik Buterin. A 27-year-old guy, Russian by birth, and Canadian by nationality, Buterin made his fortune through cryptocurrencies. His net worth is around a staggering 400 million USD. Or so the reports published all over the internet tell us, as well as some magazines.
The world has aptly given Vitalik Buterin the appellation of the youngest crypto billionaire. You might have heard of Ethereum, the famous crypto stock trading platform. Buterin is the genius behind it. His net worth comes partly from his crypto holdings in Ethereum and also from his other digital assets holdings such as Shiba Inu coin.
In 2018, Buterin put out a tweet that revealed his public ETH address. This showed us his current ETH holdings at that time, which was 355,000 ETH. Even if you are illiterate in crypto, you know that is a hell lot of money in a digital asset.
Let’s take a deeper look at the life of Vitalik Buterin.
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Vitalik Buterin’s early life
Born in Russia on January 31, 1994, in the ancient city of Kolomna, Vitalik showed a proclivity toward programming and technology from an early age. His father was a computer scientist so computers were in his blood. Gradually, the Buterin family moved to Canada when Vitalik was six years old.
At elementary school, it seems that Vitalik didn’t fare well. He was kicked out of his regular classes because he was attending some other classes that were focused on his interests in maths and science. All this is much like the story of Richard Hart, who also has made a boatload of money through the crypto market.
Vitalik Buterin’s education
Buterin had moved to Toronto and he continued his education there, joining the Aberald High School later. This is a private high school in the city. After his high school education was done, he went on to take admission to the University of Waterloo. This is when he had his first encounter with cryptocurrency. His father introduced him to Bitcoin for the first time when he was 17.
Taking advanced courses at this University, Vitalik went on to become a fellow research assistant for cryptographer and cypherpunk Ian Avrum Goldberg. This is the guy who co-created Off-the-Record_Messaging (OTR). He was also the former board of directors chairman at Tor Project.
Vitalik published a white paper in 2013 that proposed Ethereum. Less than a year later, in 2014, the Thiel Fellowship awarded him a grant of $100,000. And so he dropped out of his University. The very aim of the Thiel Fellowship, founded by billionaire Peter Thiel, is to allow youngsters below the age of 22 to drop out of college and go after other interests and businesses.
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Now that we have covered Buterin’s life in some detail, let’s turn to the history of Ethereum.
History of Ethereum
As we mentioned above, in 2013, Vitalik Buterin published a white paper discussing Ethereum as a decentralized, open-source blockchain. After this had happened, a programmer and co-founder of the Bitcoin Magazine put forth a way to develop such decentralized applications.
It was at a Bitcoin conference that Bituren, following a 25-minute speech on the topic, announced Ethereum. 2014 and 2015 were the testing grounds for the various prototypes of Ethereum that were developed over a period of 18 months.
And finally, after all the grinding, Ethereum was officially launched on 30 July 2015. Since its launch, Ethereum has continually been upgraded now and then whenever there is a need.
The net worth of Buterin in 2023
Based on his $ETH holdings, Vitalik Buterin's net worth in 2023 is $400 million. Although most analysts don't think his additional sources of wealth would have a substantial impact on his net worth, he probably does. At the age of just 27, Vitalik Buterin became the youngest billionaire in history when $ETH went over $3k in 2021. According to most calculations, the bear market has made the founder of Ethereum less of a millionaire.
He's still one of the largest $ETH whales, despite the fact that he occasionally sells $ETH; earlier in 2024, for instance, he moved $1 million worth of the cryptocurrency to a CEX.
Thus, although Vitalik Buterin has seen a significant decline in his net worth throughout the course of the bear market, it is equally possible that he will swiftly regain the amount.
At the moment, 333,500 ETH, or $1.029 billion, is stored in Buterin's public ether address. However, since he has been moving his cryptocurrency money to centralized exchanges, it is difficult to currently estimate the exact Buterin net worth. His primary wallet only has $118,000 worth of cryptocurrency in it.
In the world of cryptocurrency, his name has a unique place. But with cryptocurrency, as with the stock market, of which the crypto market is a more or less digital version, there is always a bit of up and down. That’s the reason Buterin’s net worth also fluctuates now and then.
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Summary of Vitalik Buterin, his net worth, and Ethereum
- Vitalik Buterin, the heir of a crypto legacy: Buterin has an assumed net worth of about 400 million USD in 2023. He is the founder of Ethereum.
- Completed his primary education and entered the University of Waterloo.
- Published a white paper as a fellow research assistant of Ian Avrum Goldberg.
- Was awarded a grant of $100,000 from the Thiel Fellowship.
- In 2014, gave a 25-minute speech in North America followed by the official launch of Ethereum.
- Ethereum was launched on 30 July 2015.
- Buterin’s net worth continues to fluctuate due to the uncertain nature of the crypto market.
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