Buterin disclosed his personal ETH address in October 2018, noting that it also includes donations to charity. first person in history to lose $200 billion. Thinly veiled as them burning half the coins in circulation, but they probably still own a shit ton of SHIB.". Buterin's cryptocurrency holdings represent the largest chunk of his wealth, worth $82 million at today's prices. Source: twitter.com. Cancel anytime. The value of ether in Buterin's closely watched public wallet stood at . Of that $21 billion, roughly $1.3 billion came from his stash of 333,000. "I've decided to burn 90% of the remaining Shiba tokens in my wallet," Mr Buterin - whose holdings in SHIB . cheers Buterin also likened Bankman-Fried to a . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. When buying and selling crypto is easier than shopping on Amazon. Your weekly wrap of Web3 news and trends. It's worth noting that Ethereum, like many community-driven, open-source software projects, has evolved since its initial inception. "I'm not a billionaire anymore," Buterin . Buterin also likened Bankman-Fried to a 1930s dictator, implying that he saw a cult of personality of sorts surrounding the now-infamous executive. After the transfer, the wallet ending in 52b0 still has nearly $3.3 million worth of ETH in it. ***UPDATE*** As of 8pm EST on Monday, Vitalik's net worth is actually $21 billion!!! Vitalik Buterin held as much as $1.5 billion worth of ETH in his wallet last November. Now of course it should be noted that Vitalik could destroy SHIB in an instant if he decided to offload the entire currency at once. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. He should not be able to just get away with accusing someone like Buterin of being a criminal who scammed the Ethereum community, and go back to his job at NYU. He has amassed substantial wealth thanks to his role in creating Ethereum. This is not to mention personalities such as Ethereum inventor Vitalik Buterin and Punk6529 who chose Safe wallet for holding their personal assets.. Now, with the launch of Safe{Core}, developer . Between his cryptocurrency holdings, cash, and equity, its possible to calculate the Ethereum co-founders wealth. For example a house, a car, a piece of art or even stocks. Buterin developed an interest in Bitcoin at a young age and became involved in the cryptocurrency community while still in high school. In a few hours he converted $60 million to Ether and donated the proceeds to various charities. That obsession eventually resulted in a 2013 white paper published by Vitalik in which he described a goal of creating a blockchain application that could be attached to real-world assets such as property, stocks and bonds. 2. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. Ethereum registered an all-time high of $3,200 today after a jump of more than 10% within the last 24 hours. In my opinion, we dont talk about the security issues in the crypto market enough because no one is willing to admit they lost $200,000, because if you admit you lost $200,000, you look like an idiot, he said during the conversation. While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, weve gone a long way ever since a Florida resident Laszlo Hanyecz made BTCs first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa Johns.One could now argue that ETHs market dominance currently stands at around 16%, its highest level on record. The fast growth in the meme token, according to the Ethereum co-founder, was so significant that many people know about the meme coin but not much about Ethereum. On a related note, give our article on Elon Musk's net worth a read to learn how he became the first person in history to lose $200 billion. 13 crore) only, reports revealed, owing to the lack of liquidity in these tokens. Vitalik Buterin, the co-founder of Ethereum has finally sent 90 percent of his Shiba Inu holdings worth $6 billion to the standard burn address per the agreement with the token developers. Private Company. At the current ETH price, Buterin's Ether holdings on his main wallet "VB" amount to over $470 million. Vitalik Buterin was born in Russia in 1994. The price stayed fairly flat, under $10, from its launch until mid-2017. This kernel of an idea led to the 2014 announcement of Ethereum. Buterin also has substantial cash holdings, estimated at $12 million, as well as a salary somewhere between $140,000 and $250,000. Ethereum also enables the creation Distributed Applications, or dapps. What financial advisors need to know about crypto. In his senior year of high school, Vitalik and a group of friends co-created Bitcoin Magazine. Today, Vitalik Buterins cryptocurrency portfolio amounts to roughly $82 million, composed mostly of Ethereum, Bitcoin, Bitcoin Cash, Doge, and Zcash. ", "Ukraine raises over $15 mn in crypto post Russian invasion", "An opportunity to support Ukrainians here! Here's a screenshot of the public wallet: Where's that other $15 billion coming from? He holds a little over $1 billion of Ethereum in a single wallet. The remaining half of SHIBs supply is locked for liquidity on decentralized finance platform Uniswap. Another wallet connected to, which Buterin uses as his Twitter namerecently moved 180 ETH ($286,000 at the time) and about $8,500 of USDT to another wallet and then to a Kraken, Ethereums price has fallen roughly 21% in the past week, following news of FTXs financial troubles and subsequent collapse which affected the broader crypto market. But that isnt all, Buterin also owns significant corporate shareholdings in two companies: Clearmatics and Starkware. With an Ethereum-powered digital contract, an artist might opt to sell their catalog with a clause that allows them to earn a fee every time the catalog is sold again, in perpetuity. At one point before donating or burning . Additionally, this transfer is not being seen as a bearish move or signal that Buterin is stepping away from Ethereum by cashing out. Copyright 2023 "Finance Magnates CY Ltd." All Buterin is a well-known figure in the crypto space and is respected for his technical and philosophical contributions to the industry. I do not expect he has the intention of selling his Ether, says Shimron. Vitalik Buterin donated cryptocurrencies worth $1.5 billion to several non-profit organizations, including $1 billion to a COVID-19 relief fund in India, on Wednesday in one of the largest-ever . Yet, the story of the group is one. Buterin is a highly influential figure in the cryptocurrency and blockchain community and is frequently sought out for his insights and opinions on the industry. It received the ENS name via transfer back in May from a wallet that may also belong to Buterin. This year weve seen a huge number of things that break because they have a model which is fundamentally bad, Buterin said when asked about FTX and other crypto companies that have collapsed this year. By continuing to use this website, you agree to its Terms and Privacy Policy. vitalik.eth (@VitalikButerin) October 10, 2018. Decrypt has tried to reach Buterin directly for independent confirmation. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Latest 25 from a total of 996 transactions, Latest 25 internal transactions (View All). Although the recent price hike of Ethereum boosted Buterin's total assets, only $1.3 billion resulted from his ETH holdings. A couple of years ago, the idea that anyone would ever become a billionaire from cryptocurrency would have sounded like pure lunacy. Buterin 2022 2 " . His SHIB holdings are worth $18 billion. Discover more of Etherscan's tools and services in one place. The public ETH address of the Co-Funder of Ethereum, Vitalik Buterin now holds over 333,500 Ethereum, making him a crypto billionaire. Buterin, who attended LaBitConf in Argentina last week, expressed his disapproval of FTX CEO Sam Bankman-Fried hours before the funds were moved. When you include Vitalik's holdings, SHIB is the 12th-largest cryptocurrency in the world. While merely moving ones cryptocurrency might not typically constitute breaking news, Buterins move is notable as it is among the first times the inventor of Ethereum moved the vast majority of his own stake. That makes the project's 27-year-old co-founder, Vitalik Buterin, one of the richest men in the world. The latest surge in the worlds second-largest cryptocurrency has pushed the total value of Buterins ETH holdings above $1 billion. The second most valuable wallet collects deposits to Ethereum 2.0; that wallet holds 4.137 million ETH ($1.3 billion). At the current price I'm seeing of $3,900, Vitalik's ETH stash is worth $1.3 billion. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. Assuming he held everything, these coins would make up 37% of his portfolio at current prices, or about $35 million. The highest number of Ethereum in Buterin's wallet was 325,001 and was recorded in July 2021, per Etherscan data. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. Finally, he owns equity in two multi-million dollar startups, Clearmatics and StarkWare. However, the current salary of Vitalik Buterin is estimated to be somewhere between 140,000 and 250,000 USD. Vitalik has also been involved in a number of blockchain projects. He made $4.3 million by selling half of his Dogecoin. This gave the foundation and its founders a little under 12 million ETH, which now represents about 11% of the circulating supply. Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Vitalik Buterin isn't among them even though the meltdown wiped out a huge chunk of his personal wealth. Vitaly "Vitalik" Buterin (born 1994) is a Russian-Canadian computer programmer, and founder of Ethereum.Buterin became involved with cryptocurrency early in its inception, co-founding Bitcoin Magazine in 2011. When you combine all of these holdings, Vitalik Buterin's net worth is, At $16.3 billion net worth, according to our list of the richest people in the world, Vitalik Buterin currently ranks at, (Photo by John Phillips/Getty Images for TechCrunch). In his recent blog post, Vitalik Buterin recalled his experiences when he tried to pay for a cup of tea with bitcoin in 2013 and when he tried the same in later years.The Ethereum co-founder tried to pay for a cup of tea in Argentina in 2013. His third-largest holding (after Ether and SHIB) is a coin called Akita Inu. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. To access the funds in an address, you must have its private key. Though the cleared meme coins wre valued at $4.3 million (roughly over Rs. If Vitalik is lying, it's the dumbest thing in the world to lie about.". Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. We calculated his net worth. Yea I got that. Vitalik Buterin moved 30,000 ETH out of his main wallet to the one used for sales, gifts and donations to charities. UPDATE: This story has been updated to note that Evan Van Ness, a prominent developer in the Ethereum community, said Vitalik Buterin told him the wallet in question is not his. Etherscan is a Block Explorer and Analytics Platform for Ethereum, a decentralized smart contracts platform. Vitalik Buterin is one of the most influential people in crypto. That's second only to Bitcoin's $1.1 trillion. Moreover, he has stated that his salary is roughly 144,000 USD per year. The transaction, which has been overlooked thanks in part to news Buterin donated more than $1 billion worth of a different cryptocurrency to India Covid Relief Fund, appears to be the largest transfer of his ether holdings to date. Roger Ver - @rogerkver. Initially he dismissed it, but Buterin eventually connected with the . The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. The recent crypto downturn has had a notably negative impact on Vitaliks net worth. I think the initial creator must have sent him some) $1 million worth of Free Coin (wtf!) The biggest crypto news and ideas of the day. Read this Term, is now a crypto billionaire. Ethereum co-founder Vitalik Buterin has an estimated net worth of more than $300 million, which takes into account one of his publicly known crypto wallets. Proceeds go to civilian efforts helping Ukrainians suffering from the war", "Binance Announces $10 Million Donation to Ukraine: Ethereum Creator Vitalik Announces UkraineDAO", "Ethereum's Russian-born cofounder has been quietly supporting a DAO that raised $8 million in crypto for Ukraine. Buterin would go on to move $431 million worth of Akita Inu (CCC: AKITA-USD), another meme token with significant supply tied up in Buterin's wallet, to Ethereum fundraiser Gitcoin. Before Vitalik Buterin co-created Ethereum, he first learned about bitcoin in 2011, when he was 17 years old. From there, he was able to secure a six-figure salary from the Ethereum Foundation, the non-profit born out of the raise. In total, Buterins wallet has 644 different types of coins and tokens. Privacy Notice The second-largest cryptocurrency by market cap is now worth about $1,234, according to CoinGecko price. Though he did not specify the precise investment in each of these coins, we gave each coin an equal allocation of 15% of the value of his ETH, adjusted by historic prices, for simplicity. Vitalik excelled in mathematics, economics and computer science at a young age and was placed in a high school for gifted students. However, during the interview, Vitalik Buterin said he was unsure about investing $25k in a small digital asset worth . Vitalik Buterin owns around 333,000 Ethereum coins. Image source: Michael Ciaglo/Getty Images. Since then, the prices for these coins have fluctuated substantially, in line with the massive amounts of volatility in the market. The mentioned transaction was recorded on Etherscan at 7:53 UTC. Take a loot at what's happened in the middle of 2018 and in the last few months: As of this writing, Ethereum has a market cap of $450 billion. An article published by Forbes in mid-2018 estimated that his wealth was between $100 and $200 million. I don't *want* to be a locus of power of that kind, he said. Siri says that over the past 11 months, 14,000 users, most of them outside the. The transformation of value in the digital age. Buterin did not disclose the exact amount invested nor his equity holdings in each of the startups. The positive market sentiment surrounding ETH has been a major win for Vitalik Buterin, who holds massive amounts of the cryptocurrency. Connecting wallet for read function is optional, useful if you want to call certain functions or simply use your wallet's node. Buterin has also been recognized as one of the top 100 most influential people in the world by Time Magazine. https://twitter.com/VitalikButerin/status/1050126908589887488, https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b. Despite his immense wealth, Buterins disclosed wallet is only the 22nd most valuable on the network, according to data from Etherscan. His family moved to Canada when he was six. Looking at his primary wallet addresses, Buterin owns about 352,000 ETH at a current value of $46 million. Last month the creators of SHIB released a white paper, which they called a "woofpaper". Vitalik Buterin is a Russian-Canadian computer programmer best known as a co-founder of the Ethereum network.