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He fled Russia at 3, dropped out of college and co-founded Ethereum. 6 years later, he is now
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But 90% of his $16 billion fortune has nothing to do with ether. Over the weekend, the entrepreneur of the second most valuable cryptocurrency tweeted sombrely to his four million followers: “btw i‘m not a billionaire anymore”. Ethereum cofounder vitalik buterin tweeted friday that he's no longer a billionaire. Buterin, who cofounded the blockchain network in 2014, has seen its ether token crash by 59% since.
The current bear market has reduced the value of its portfolio from around $ 1. 4 billion to less than $600 million. Buterin's wallet currently holds 290,000 eth — with a cash value of about $602. 3 million. Buterin on friday took to twitter and announced that he is no longer a billionaire. The digital token, after touching a high of around $4,800 in november 2021, has come down by 59 per cent. Buterin’s holding then was nearly $1. 5 billion. The majority of buterin’s known crypto holdings come from the eth allocation he received during ethreum’s launch, which temporarily gave him billionaire status when eth price crossed the $3,000 mark in 2021. He is the only person who challenges the idea that there are only three ways to become a billionaire in the cryptocurrency market: If you are already a millionaire, if you come from a family of millionaires, or if you are friends with alibaba’s founder. It is a thankless task to discuss buterin.
1. Vitalik Buterin Becomes Half a Billionaire
2. Ethereum prices soar over $3,200, making Vitalik Buterin a billionaire
3. Vitalik Buterin Cashed Out Vast Amounts of ETH In 2017