- Holds over $46M in Ethereum
- Holds less than $4M in other cryptocurrencies
- Founder’s salary is between $130,000 and $200,000
- Less than $30M in fiat (USD etc)
Vitalik Buterin, the founder of Ethereum, is undoubtedly one of the most influential people in crypto. As cryptocurrencies peaked in 2017, many naive investors jumped in as they thought investing in crypto was an easy way to get wealthy. As the investing craze cooled down we wondered, just how rich is Ethereum’s founder?
In short, we estimate Buterin’s net worth to be around $80M.
Who is Vitalik Buterin?
Vitalik Buterin is a 26-year-old computer and blockchain programmer who revolutionized the cryptosphere. Buterin was actively involved in the Bitcoin community in 2011, frequently sharing his ideas about Bitcoin. However, Vitalik is widely known in the crypto community as the co-founder of Bitcoin Magazine and more importantly, the brain behind Ethereum.
Buterin founded Ethereum in late 2013 when he published and shared his ideas in a white paper. In early 2014 the team announced the project to the world. Ethereum has since grown into the largest cryptocurrency after Bitcoin by sheer market cap. Ethereum is known best for its affordable and speedy transactions, as well as its ERC-20 token platform. The currency has since evolved into not just a cryptocurrency but a decentralized smart contract-based platform. These contracts allow the Ethereum blockchain to be incredibly versatile and fit for a whole host of use cases.
Buterin’s Other Contributions and Awards
Vitalik was also the co-founder and head writer for Bitcoin Magazine. Vitalik was an active contributor until 2014. BTC Media has since acquired Bitcoin Magazine.
Vitalk has also received many awards for his contributions. These include the Thiel Fellowship Award (2014), Forbes 30 under 30, Fortune 40 under 40, and many more. It’s safe to say Vitalik is a very influential and vital member of the cryptocurrency/blockchain community.
What is His Net Worth?
So just how rich is Ethereum’s founder? Vitalik Buterin’s net worth has been a hot topic in the crypto community. Buterin’s exact net worth is still a mystery but our estimates show that he is worth about $80M.
According to Buterin’s public Ethereum address, Buterin owns over $46M in Ethereum alone with another $20K in ETH based tokens. His large ETH holdings bolster his belief in the future of ETH as the price of ETH dictates the majority of his net worth.
Last year, Buterin stated that other cryptocurrencies account for less than 10% of his Ethereum’s. Thus, other cryptocurrencies will have a combined value of less than $5M.
As of 2016, Ethereum’s founder received a measly salary of 137K CHF a year, converted to a little over $140k. This is astronomically low comparative to all the work Buterin has put in.
Buterin was also offered a higher salary but denied the offer as he believed his current salary was modest. Buterin’s current salary remains unknown but we believe it hasn’t changed much as Buterin isn’t working for financial gain.
In a now-deleted tweet, Buterin disclosed his “fiat holding are well under $30m”. We estimate that his fiat holdings are somewhere between $10M and $20M. This means Buterin holds a significant amount of his net worth in fiat.
Clearmatics is a London-based startup primarily designing protocols for decentralized Financial Market Infrastructure (dFMI). According to Crunchbase, Clearmatics has $13.3M in funding.
Starkware is a privacy software startup developing software with zero-knowledge proofs. According to Crunchbase, Starkware has $36M in funding.
Although it is unclear how large of a holding Buterin has, these startups are possibly only a small part of Buterin’s total net worth.
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