The crypto industry is relatively young yet the list of people in this growing sector that have already made their millions is getting longer by the day. Some names on this list are pretty young, too. Here’s our rundown of the top 5 young crypto millionaires, to date.
Claim to fame: Co-founder of Ethereum
Net worth: $400-$500 million
As a child, Vitalik had a strong interest in the exact sciences: mathematics, programming, and economics. At the age of 10 he created his own computer game. In 2011, he learned about Bitcoin, and, despite being skeptical at first, he started to immerse himself into the world of crypto and wrote analytical articles on the subject. At that time he became co-founder of “Bitcoin Magazine”, where he also published his articles as a writer.
However, over time Vitalik started to realize that Bitcoin had inherent limitations and decided to make his own blockchain. At the end of 2013 he wrote a White Paper for his “Ethereum” platform, which was to be based on smart contracts. Its token, Ether (ETH), is – at time of writing – the second biggest cryptocurrency in the world by market capitalization.
Claim to fame: Co-founders of Winklevoss Capital and Gemini
Net worth: $1.4 billion
These twin brothers first got into the public eye during their court case against Mark Zuckerberg, where they claimed that he stole their idea for Facebook. As a result of the settlement agreement, reached in 2008, the twins reportedly received $65 million.
A few years later, they invested a big part of that money into Bitcoin. In December 2017, when Bitcoin reached the lofty price of $11,700, they officially became not just young crypto millionaires, but young crypto billionaires!
Claim to fame: Block.one CTO, co-founder of BitShares, EOS, and Steemit
Net worth: $600 million
A graduate of Computer Science, Daniel Larimer became interested in the Cryptosphere in 2009, the same year that Bitcoin was created. He was actually attempting to create his own digital currency when he heard about Bitcoin and began to communicate with the mysterious Bitcoin creator, Satoshi Nakamoto, on a forum. He quickly came to realize that the creation of decentralized exchanges was a necessity, and in 2013 he brought BitShares – a decentralized exchange – to the market.
In 2016, Daniel Larimer co-founded Steemit – a social blockchain network rewarding its users for creating content with the cryptocurrency STEEM.
In 2017, Daniel became CTO of Block.one, the company that launched the longest ICO in attempt to support the creation of the decentralized platform EOS, raising the record-breaking (breathtaking!) sum of a $4 billion!
Claim to fame: Founder of Cardano
Net worth: $500-600 million
Charles Hoskinson is considered to be one of the most advanced crypto specialists in the world. In 2014, he was working on building the Ethereum platform with Vitalik Buterin. However, they parted ways due to the fact that they had competing visions on how the platform should operate.
In 2015, together with Jeremy Wood, he created IOHK: an engineering company that helped to create and integrate cryptocurrencies and blockchain in academic and governmental institutions.
In September 2017, IOHK launched Cardano – a decentralized platform which took the best from the first two generations of blockchain (Bitcoin and Ethereum) and evolved it into an even more advanced system. Cardano’s token is called ADA and is one of the most successful cryptos in the world, currently sitting in 10th place by market capitalization.
Claim to fame: Co-founders of Robinhood
Age: 31 and 35
Net worth: $6 billion
In 2013, Baiju Bhatt and Vlad Tenev co-founded the Robinhood trading platform. After having met at Stanford University, they set up their first company – a startup offering tools for building automated trading strategies in banks and investment funds. Later, when they came up with the Robinhood idea, they were refused by 75 investors.
Nevertheless, in April 2013, the platform was launched as a commission-free stock trading application. In 2018, the “Robinhood Crypto” was released – also a commission-free crypto trading platform – with Bitcoin and Ethereum the first cryptocurrencies available for trading.
So there you have it – our rundown of the top five young crypto millionaires.
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That’s all for today. Enjoy your Easter weekend!
The CoinMetro Team