Ethereum founder Vitalik Buterin Net Worth 2023 is estimated to be around $500 Million as of January 2023 due to publicly known cryptocurrency Ethereum. He owns around 810,000 ETH (ranked at 26th in the world) and accounts for roughly 0.20% of all ETH in circulations.
Who is Vitalik Buterin?
Vitalik Buterin is a Russian born computer programmer and is best known as co-founder of Ethereum Network. He is one of the leading personality in Crypto and Blockchains Network.
Vitalik Buterin was born on 31st January, 1994 in Kolomna, Russia. But he spent most of his early life in Canada. He shifted in Canada when he was just six-years old. Buterin developed deep interest in Bitcoins and cryptocurrency at a young age and involved in cryptocurrency community while still in high school at Abelard School. He learned about cryptocurrency from his father when he was 17 years old. After completing high school, he attended University of Waterloo.
What is Ethereum?
Ethereum is a decentralized blockchain platform powered by Ether tokens establishing peer-to-peer networks that helps in creation of smart contracts and decentralized applications, also known as dapps. A smart contract is pretty much similar to what we think – auto-executing. It is a open-source platform with smart contract functionality. Among all the cryptocurrencies, Ethereum is ranked second in terms of market capitalization just after Bitcoin. It was founded in the year 2014 by Vitalik Buterik. Ethereum is also a programming language that helps developers to create distributed applications. One of the vast project is Ethereum and Microsoft partnership offering Microsoft Azure services to clients that enables a single click blockchain environment that is cloud-based.
Vitalik Buterin’s Work
In the year 2011, Vitalik Buterin founded co-founded Bitcoin Weekly, which is considered the first serious crypto publication ever. He wrote it for the exchange of 5 Bitcoins and continued it until the website was shut down. In the same year new print with the name – Bitcoin Magazine was published and Mihai Alisai reached out to Buterin for writing articles for the same magazine. He started as a leading writer and became the first co-founder.
In the 2013 whitepaper, he proposed the creation of Ethereum, a decentralized platform that would allow Peer-to-Peer Electronic Cash System. He believed that this system will be of highest security and transparency since it is not controlled by any single entity or institutions.
Vitalik Buterin Net Worth 2023
Vitalik Buterin Net Worth 2023 is around $500 Million. Vitalik’s net worth came primarily from the Ethereum blockchain. Ethereum was launched in 2015 with ICO (Initial Coin Offering) that raised 31,500 BTC which had a value of $18 Million. Ethereum Network went live on 30th July, 2015 with 72 million ETH pre-mined for the Initial Coin Offering out of which Vitalik Buterin received 8% of the pre-mined ETH. It became one of the leading blockchains platform in the world, with a market capitalization of around $170 Billion as of January 2023. Ethereum has a widespread adoption, with more than 2500 applications built on Ethereum itself.
In the future Vitalik Buterin Net Worth is expected to grow more due to diversified allocation in the tokens and coins. Also the acceptance of Ethereum is growing rapidly as many people find it more trustable peer-to-peer transaction method.
Vitalik Buterin Crypto Wallet 2023
Vitalik Buterin has diversified crypto wallets which holds different types of cryptocurrency amounting to around $310,000,000 as of January 2023. He also owns more than 4000 NFTs whose value are not known due to private investment consideration. In total, Vitalik Buterin has more than 650 different types of coins and tokens. However, the majority still comes from the Ethereum contribution whose worth is more than $300 Million. The reason of having such diversified portfolio lies on the fact that many people send random cryptocurrency and tokens to Vitalik’s publicly known crypto address.
Vitalik Buterin is no more a Billionaire
Vitalik is one of the Richest Crypto Investor in the world. In November 2021, Forbes claimed that Buterin has amazing net worth of more $1.5 Billion.
In May 2022, Buterin tweeted, “I’m not a billionaire anymore.” Celebrity Net Worth and Wealthy Gorilla have then reanalyzed the net worth of all the celebrities and came to conclusion that the net worth of Vitalik Buterin is around $400 Million. So Buterin is no more a Billionaire but a centimillionaire.
Vitalik Buterin Reveals “3” Big Opportunities for Crypto in 2023
Vitalik Buterin has shared the “three” huge opportunities for crypto in 2023 majorly being Inflation-resistant stablecoins, mass wallet adoption and Ethereum-powered website logins. Vitalik shared his outlook during the interview with Bankless co-owner David Hoffman when David raised concern over that the “adoption rate” for decentralized system is now over and there is now less opportunities for developers to come in and develop new applications on Ethereum blockchains.
“If you can make wallets that are used by billion of people — that’s huge opportunity” said by Ethereum co-founder. Along with this he stated that creation of hyperinflation-resistant and globally accessible stable coins would be revolutionary for the industry. Though Buterin does not provide any technical idea of how this can be achieved.
Buterin stated that the opportunity to fill the gaps was becoming less obvious due to market maturation and increasing competition.
Vitalik Buterin Says No to Google
In the year 2018, Buterin tweeted that Google tried to hire him. He posted the screenshot of email, it essentially contained the 2 statements :
- “Hi Vitalik, Hope you are doing well and enjoying the weekend”.
- “Google make sense for you now or in the future”.
Buterin stated this this was the recruiting letter. He comically asked on Twitter by poll if he should drop out from Ethereum and work for Google.
What does Vitalik Buterin do now?
Vitalik Buterin is still involved in Ethereum Investing and Ethereum Development. Vitalik regularly update and proposed Ethereum Improvement Program (EIP) and is currently working on the scope of scaling by making the roadmaps for the coming times. He works as an advisor and as a Member of Zcash Foundation.
Along with this he is actively working on decentralized virtual space called “Decentraland“. He is also founder of blockchain technology “Clearmatics” working in new innovations in decentralized currency.
Vitalik Buterin Charity Work
Vitalik Buterin has donated over $1.5 billion to several non-profit organisations including $1 Billion to India’s Covid Relief Fund, which is one of the largest-ever individual generous donations. Vitalik Buterin transferred 500 ETH and over 500 trillion SHIB (a meme coin) worth around $1.14 billion at the time of transaction to the India COVID Crypto Relief Fund. This created panic among some investors contribution about 35% drop in the price of SHIB on Wednesday — still the value fluctuates.
Vitalik Buterin habits and Strengths
Vitalik Buterin productive habits and wealth building strengths has made him one of the most successful personality. If we watch Vitalik in any interview or talk show, it could clearly be seen how focused, disciplined and intellectual he is. Buterin says that he likes to be focused towards works and so blocks all the distractions. He began his journey as a Crypto writer and then founded Ethereum. If we go through the life of Vitalik Buterin it can be clearly noticed he worked very hard from the initial days was consistent throughout which became the reason for the heights he have achieved today.
Vitalik Buterin is the founder of Ethereum and one of the most influential personality in the Crypto World. He is much admired for his technical and philosophical contributions. Vitalik’s views is regarded as one of the leading voices in the industry and his deep involvement in the development and advancement in Ethereum blockchains has made him one of the most successful personality. Vitalik Buterin donations to non-government organizations during COVID shows his attention and care of the surroundings.
If we see Vitalik Buterin Net Worth 2023, he is placed number 26th. This make him one of the largest individual owning Ethereum owners or at least in terms of amounts deposited into the single account. Apart from this Vitalik Buterin won 2014 World technology Award. He made the fortune 40 under 40 in 2016 and the Forber 30 under 30 in 2018.
Must Read : https://richieus.com/do-kwon-net-worth/