Odaily Frontline | How much money does V God have?

念银思唐

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2020-03-29 16:41 (UTC+8)

This article is about 2333 words, reading the full article takes about 4 minutes

Including cryptocurrency, salary, and equity, it's about $100 million.

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Including cryptocurrency, salary, and equity, it's about $100 million.

This article comes fromCrypto Briefingsecondary title

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Summary

- Vitalik Buterin's cryptocurrency holdings make up a large portion of his wealth, worth approximately $82 million at today's prices;

- Vitalik Buterin also holds a large amount of cash, estimated at $12 million; on top of that, his annual salary is between $140,000 and $250,000;

- Vitalik Buterin also owns equity in two multi-million dollar startups, Clearmatics and StarkWare. The exact value of these investments is unclear.

Vitalik Buterin (known as V God) is one of the most influential figures in the encryption world. As the joint founder of Ethereum, he has accumulated a lot of wealth. We have estimated its net worth.

Before creating Ethereum, Buterin was not rich. His first fortune came in 2014. That year, 20-year-old Buterin won a $100,000 Thiel Fellowship but dropped out. And since then, he has started the road of wealth accumulation.

Note: Thiel Fellowship (Thiel Fellowship) is a scholarship created by Peter Thiel through the Thiel Foundation. It was originally named "20 under 20" and was founded in 2011. The scholarship is designed to provide a total of $100,000 for two years to students under the age of 23 (initially 20) and provides entrepreneurial mentoring and other resources. These students must all drop out of college and work in other jobs that may involve scientific research. The program selects approximately 20-25 fellows each year, an acceptance rate of less than 1%. Peter Thiel is an investor and entrepreneur. He founded PayPal with "Iron Man" Musk and was the first person to invest in Facebook.

The Ethereum crowdfunding began in July 2014, raising $18.3 million worth of bitcoins. Since then, Buterin has been able to earn a six-figure salary from the Ethereum Foundation.

However, his main wealth comes from the ETH distributed by Pre-mine. That's just under 12 million ETH for the foundation and its founders, which currently accounts for about 11% of the circulating supply.

Although V God has not disclosed his financial situation publicly, his wallet address and public statements are enough to allow us to make a similar estimate.

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Cryptocurrencies held by Vitalik Buterin

A look at Buterin's main wallet address reveals that he owns around 352,000 ETH, currently worth $46 million. His three main wallets also hold more than $900,000 worth of ERC-20 tokens.

These ERC-20 tokens include Augur (REP), Maker (MKR), Kyber Network (KNC) and OmiseGO (OMG).

However, he also said last February that his BTC, BCH, Zcash and Dogecoin holdings were worth more than “10% of the value of my ETH holdings.”

Crypto Briefing counted Buterin's Ethereum holdings on the day of the statement. Although he didn't detail the exact investment amount for each ERC-20 token, for simplicity we've given each token an average 15% ETH value, adjusted for historical prices.

Adjusting his ETH holdings back to February 2019 levels, Buterin's cryptocurrencies are roughly: 2,000 BTC, 58,000 BCH, 140,000 ZEC, and 3.6 million DOGE.

Assuming he holds all of these cryptocurrencies, that would account for 37 percent of Buterin's portfolio, or about $35 million, at current prices.

Today, Buterin's cryptocurrency portfolio is worth about $82 million and consists mostly of ethereum, bitcoin, bitcoin cash, DOGE and Zcash.

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What is Vitalik Buterin's salary?

In addition to holding cryptocurrencies, Buterin revealed that he receives a six-figure salary from the Ethereum Foundation. The last time he commented on his salary, it was about $144,000 a year.

Buterin currently earns between $140,000 and $250,000.

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Cash and equity held by Vitalik Buterin

Buterin's fortune doesn't stop there. In addition to cryptocurrencies, he also holds a considerable portion of cash. In March 2019, in a now-deleted tweet, Buterin said he held "well under $30 million in fiat currency," which was tied to the $8 million in charitable donations Buterin disclosed.

Looking at Buterin's other finances, Crypto Briefing estimates he has $12 million in fiat assets, bringing his net worth to $94 million.

But that's not all of Buterin's wealth -- he also owns "significant corporate shares" in Clearmatics and Starkware. Clearmatics is a London-based company focused on designing protocols for DeFi; while StarkWare is building privacy software using zero-knowledge proofs.

But Buterin did not disclose the exact investment amount or his stake in each startup. Clearmatics has raised $13 million to date, while StarkWare has raised $36 million, according to Crunchbase.