Vitalik Buterin is a Russian-Canadian programmer and writer who has a net worth of $1.46 Billion. Vitalik Buterin is the creator of Ethereum. Ethereum is a blockchain platform that acts as a world computer. It has seen its value skyrocket in 2017.
Buterin is a very intelligent person, and he is the co-founder of Bitcoin Magazine. He now leads Ethereum. Growing up, he was a wonder child who everyone saw as a brilliant child. He has proven to be one of the most intelligent people on earth.
Vitalik Buterin’s Net worth has helped him claim the title of the world’s youngest crypto billionaire. His Net Worth is the sum of his crypto holdings in his self-invented Cryptocurrency called Ethereum and his other digital assets holdings such as Shiba Inu coin.
He is the inventor of the ethereum blockchain and cryptocurrency appeared on the Under 30 list at age 23, when ethereum’s market value was about $30 billion and his wealth some $400 million. Since then, ethereum’s price has exploded, leading to a market value of $500 billion and a personal fortune of $1.4 billion, making him among the youngest known crypto billionaires. Buterin won the 2014 World Technology Award; Forbes named him in its 2016 Fortune 40 under 40 lists and the 2018 Forbes 30 under 30 lists.
Vitalik Buterin Childhood:
Born in Kolomna, Russia, Vitalik Buterin is the son of Dmitry and Natalia Buterin. His father was a computer scientist, and Vitalik lived in Russia until he was six. His parents immigrated to Canada to give him a better life away from Russian influence.
During third grade, Vitalik was pulled from regular class to attend classes for students gifted in math and science.
Buterin attended Abelard School, a private school in Toronto. Buterin had his first encounter with Bitcoin at age 17 while attending the University of Waterloo. Interestingly, his father introduced him to the world of crypto.
Vitalik studied advanced courses in cryptography at school, earning a position as a research assistant for Ian Goldberg, the co-creator of Off-the-Record Messaging. He was also the former chairman of the Tor project.
Vitalik won a bronze medal in the 2012 International Olympiad in Informatics. He used his success to collaborate will other developers around the world. He would return to Toronto to write his white paper for the Ethereum blockchain.
Billionaire Peter Thiel’s ‘Theil Fellowship’ offered Vitalik a $100,000 grant in 2014, causing him to drop out of university to start working on Ethereum full-time. In 2018, Buterin received an honorary doctorate from the Faculty of Business and Economics of the University of Basel.
On May 12, 2021, Vitalik began dumping large chinks of the gifted alt-coins. He converted around $60 million worth in under an hour and donated to various charities. He also donated the equivalent of $1 billion SHIB to an India COVID relief fund. He eventually transferred all the gifted coins out of his wallet.
What is Vitalik Buterin IQ?
After graduation, Buterin enrolled into the University of Waterloo which he eventually dropped out after a year of computer science and landed the Thiel Fellowship. He used his time to co-found and work on several startups in cryptocurrency and digital finance. He’s also well-known for having an IQ level of 257.
Buterin first got into cryptocurrency in 2011 when he started writing for Bitcoin Weekly. He continued to write for the site until it shut down due to poor revenue. However, Buterin’s writing caught the attention of an individual named Mihai Alisie, who invited him to join in the creation of a new publication called Bitcoin Magazine. Starting as a print edition in 2012, Bitcoin Magazine is often credited with being the first major publication devoted to cryptocurrencies. In addition to co-founding the publication, Buterin also served as a leading writer, spending 10 to 20 hours a week penning articles. Bitcoin Magazine was eventually sold to BTC Media in 2015.
In 2013, Buterin published a white paper in which he first proposed the idea of Ethereum, a decentralized and open-source blockchain platform that works to create new cryptocurrencies. The white paper soon began circulating and drawing interest from many quarters. In early 2014, Buterin gave a 25-minute speech at the North American Bitcoin Conference that further boosted Ethereum’s profile. The platform was finally launched in the summer of 2015, with Buterin credited as a co-founder alongside such names as Gavin Wood, Anthony Di Iorio, Joseph Lubin, and Charles Hoskinson. Ethereum operates so that users may add permanent decentralized applications to it, including finance applications that obviate the need for traditional financial intermediaries. The platform generates the cryptocurrency Ether, which is rewarded to miners as proof-of-work. A shift to Ethereum 2.0 transitioned the system protocol to proof-of-stake.
Vitalik Buterin Other Projects
Beyond Ethereum, Buterin has contributed his development expertise to a number of other open-source software. Notably, he has contributed to DarkWallet, Egora, and Bitcoin Python libraries. Among his other projects, Buterin partnered with economist Glen Weyl to co-write a manifesto entitled “Liberation Through Radical Decentralization.” He also co-wrote a paper entitled “A Flexible Design for Funding Public Goods” with Harvard PhD student Zoe Hitzig.
Vitalik Buterin Philanthropy
Buterin has often used his wealth from Ethereum to contribute to philanthropic causes. In 2017, he donated around $764,000 in Ether to the Machine Intelligence Research Institute. The following year, Buterin donated $2.4 million in Ether to the SENS Research Foundation to aid in the research of biotechnologies to extend human life. He donated to the SENS Research Foundation again in 2020 to sponsor research aimed at combating human aging.
Favorite Quotes from Vitalik Buterin
“A smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated.” – Vitalik Buterin
“In general, signaling theory says that if you have a good way of proving something and a noisy way of proving something, and you choose the noisy way, that means chances are it’s because you couldn’t do the good way in the first place.” – Vitalik Buterin
“The thing that I often ask startups on top of Ethereum is, ‘Can you please tell me why using the Ethereum blockchain is better than using Excel?’ And if they can come up with a good answer, that’s when you know you’ve got something really interesting.” – Vitalik Buterin
“When I was in grade five or six, I just remember quite a lot of people were always talking about me like I was some kind of math genius. And there were just so many moments when I realized, like, okay, why can’t I just be like some normal person and go have a 75% average like everyone else.” – Vitalik Buterin
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch.” – Vitalik Buterin
Amazing Lessons from Vitalik Buterin
Now that you know all about Vitalik Buterin’s net worth and how he achieved success; let’s take a look at some of the best lessons we can learn from him:
The industrial revolution allowed us, for the first time, to start replacing human labor with machines.
Pick the Right Career
Growing up, Vitalik Buterin was in a school for gifted children. Use your gift by picking the right career for you.
Success doesn’t come over a night, work hard, and patience is the key. Be patient; good things take time. Good things take time.
Vitalik Buterin Biography
|Real Name||Vitalik Buterin|
|Known For||Ethereum, Bitcoin Magazine|
|Date of Birth||1994|
|Age||1994 (age 27–28) Kolomna, Russia|
|Net Worth||$1.46 Billion|
|Birth Place||Kolomna, Russia|
|Height||6′ 1″ (1.86 m)|
|Education||University of Waterloo (dropped out)|
|College||University of Waterloo|
|Languages Known||English, Russian|
|Favourite News Reader||Kat Timpf|
|Favourite Actor||Dwayne Johnson, Pedro Alonso|
|Favourite Actress||Talulah Riley|
Quick Facts Vitalik Buterin:
- He Wrote the Ethereum Whitepaper at the Age of 19
- He Learned About Bitcoin From His Father in Early 2011
- He Never Held More Than 0.9% of All Ethereum in Circulation
- He controls the 25th richest ETH address
- In February 2016, He Held 630,000 ETH (0.6% of the Supply at the Time), Worth
- Between $1.4M (Feb 1) and $4.1M
- He Sold 25% of his ETH Holdings (160,000 ETH) in April 2016, for $1,000,000
- He Donated $250,000 of the Sale to Charity
- Back in High School, He Wrote Bitcoin Articles For $1.5 an Hour (5 BTC per Article
- Buterin Was the Subject of a Death Hoax Originating From 4Chan
- He dropped Out of University