As one of the most talked-about figures, Vitalik Buterin has built a significant fortune. In this article, we dive deep into the assets and career highlights.
What Is Vitalik Buterin's Net Worth?
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-19 relief fund. He eventually transferred all the gifted coins out of his wallet.
He learned about bitcoin from his father when he was 17 years old. Buterin won the Thiel Fellowship for $100,000 before working on 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 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 blockchain. 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.
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Vitalik Buterin is a Russian-Canadian programmer and writer who has a net worth of $400 million. Vitalik Buterin is best known for co-founding the blockchain platform Ethereum in 2014. Earlier, he co-founded Bitcoin Magazine, one of the first publications to cover cryptocurrencies. Buterin has also contributed to other open-source software beyond Ethereum, including DarkWallet and Egora.
Vitalik Buterin was born Vitaly Dmitrievich Buterin on January 31, 1994, in Kolomna, Russia. When he was six years old, he moved with his family to Canada so his parents could find better jobs. There, Buterin excelled in school, particularly in the subjects of math and economics. In the third grade, he was placed into a gifted class. He went on to attend the private Toronto high school the Abelard School. After graduating, Vitalik enrolled at the University of Waterloo, where he took advanced classes and served as a research assistant for Ian Goldberg, a famed cryptographer. While a student in 2012, he won a bronze medal in the International Olympiad in Informatics. Buterin ultimately dropped out of college in 2014 after he was awarded a $100,000 Thiel Fellowship grant to work on Ethereum. He later earned an honorary doctorate degree from the University of Basel in 2018.
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 Buterin a net worth of $16.3 billion when combined with his other 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 Buterin'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.
Ultimately, Vitalik Buterin's financial journey is a testament to their success.
Disclaimer: All net worth figures are estimates based on public data.