Ethereum was founded by Russian-Canadian computer programmer Vitalik “Vitaly” Buterin, born in 1994. Buterin got interested in cryptocurrencies at the very beginning, helping to launch Bitcoin Magazine in 2011. Along with Dimitry Buterin, Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin, Buterin launched Ethereum on blockchain in 2014.
Vitalik Buterin Net Worth
Programmer and author Vitalik Buterin is a Russian-Canadian with a $400 million fortune. For co-founding the blockchain platform Ethereum in 2014, Vitalik Buterin is well known. He was a founding partner of one of the first publications to cover cryptocurrencies, Bitcoin Magazine. Beyond Ethereum, Buterin has also contributed to DarkWallet and Egora, two other pieces of open-source software.
When he was 17 years old, his father taught him about bitcoin. Before dedicating his full attention to developing Ethereum, Buterin won the $100,000 Thiel Fellowship. In 2011, he co-founded Bitcoin Magazine and took over as its chief writer after having previously written bitcoin-related articles for five bitcoin each.
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Ethereum, a “software development platform” and “decentralized mining network” connected to allowing the production of new cryptocurrencies and applications sharing a single blockchain, was co-invented and constructed by Vitalik Buterin. He received the World Technology Award in 2014 and was included on the Fortune 40 Under 40 and Forbes 30 Under 30 lists in 2016 and 2018, respectively.
Vitalik currently holds 335,000 ether. He had a total of 405,000 Ether at one time. Vitalik’s paper net worth was $567 million in January 2018, when Ether was trading at $1,400. With Ether selling at $900 in February 2018, Vitalik’s 365,000 Ether had a $300 million paper value. When Ether fell to $300 in August 2018, Vitalik’s coins were valued at approximately $100 million before taxes. When Ether reached $4,000 in May 2021, Vitalik’s paper net worth surpassed $1.3 billion.
The unknown developers of the SHIB cryptocurrency stated in April 2021 that they had given Vitalik half of all the SHIB in circulation. Five hundred five billion coins or such. Those 505 billion SHIB were worth $8 billion a month later. When added to his other holdings, those 505 billion SHIB, valued at $14 billion on May 10, gave Vitalik a net worth of $16.3 billion.
Looking forward to seeing who the next CEO is going to be! https://t.co/bQUoen1VNx
— vitalik.eth (@VitalikButerin) December 23, 2022
Vitalik started selling off significant amounts of the donated alt-coins on May 12, 2021. He converted about $60 million in less than an hour, which he then presented to other charities. Additionally, he contributed the SHIB equivalent of $1 billion to a COVID relief fund for India. Eventually, he removed all of the gifts from his wallet.
Vitalik’s Crypto Ventures
Additionally, Vitalik has taken part in other blockchain initiatives. Some of these are the Plasma Group, which is looking into ways to increase the scalability and security of Ethereum, and the L4 research group, which focuses on the scalability of blockchain technology.
Buterin is also involved in various efforts and projects, including the Ethereum Foundation, which promotes the growth of Ethereum, and the Zcash Foundation, which supports the development of the cryptocurrency Zcash (ZEC), which focuses on privacy. Buterin is a proponent of decentralization, smart contracts, and open-source software and has significantly contributed to the blockchain sector.