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The net worth of Ethereum co-founder Vitalik Buterin has surged more than 54% this year to reach about $851 million, said blockchain analytics firm Arkham. 
Most of Buterin’s wealth comes from the 244,001.02 <a href="https://insidebitcoins.com/news/momentous-week-ahead-for-eth-as-markets-anticipate-approval-for-ethereum-etfs">ETH</a> he owns, while several strategic investments in other crypto projects have also contributed. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Vitalik Buterin is one of the most prominent figures on Crypto Twitter – credited with creating Ethereum, and active in crypto for well over a decade. 
 Our Research Team wrote an article at the start of this year studying Buterin’s wallet attributions on Arkham, analyzing the… <a href="https://t.co/p7Kp0RwKPA">pic.twitter.com/p7Kp0RwKPA</a> 
 — Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1807054751776854301?ref_src=twsrc%5Etfw">June 29, 2024</a>
</blockquote> 
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<h2 id="span-style-font-weight-400-the-birth-of-ethereum-span">The Birth Of Ethereum</h2> 
Buterin’s journey in the crypto space started back in 2011 when he co-founded Bitcoin Magazine. He then went on to propose Ethereum in 2013 to address some of the limitations of the Bitcoin network. 
During the launch of <a href="https://insidebitcoins.com/news/most-trending-cryptos-on-ethereum-chain-today-bright-towelie-wrapped-hypertensor">Ethereum</a> in 2015, Buterin received a substantial portion of ETH’s supply. These holdings allowed him to temporarily achieve billionaire status when ETH broke above $3,000 during the 2021 bull run. Thereafter, his net worth plunged 75% due to the market’s downturn in 2022. 
Buterin’s holdings outside of ETH include StarkNet, as well as other tokens from Kyber Network (KNC) and Wrapped Ethereum (WETH). The Ethereum co-founder owns 869,500 KNCL and 196.42 WETH, according to Arkham’s <a href="https://www.arkhamintelligence.com/research/vitalik-buterin-net-worth">report</a>.&nbsp; 
He also holds 101 million THE tokens. Some of his smaller noteworthy holdings include $1,290 worth of Tornado.Cash’s TORN token. Buterin also possesses 6.345 million Shiba Inu (SHIB), the report added. 
<h2 id="span-style-font-weight-400-vitalik-buterin-still-the-largest-holder-of-eth-span">Vitalik Buterin Still The Largest Holder Of ETH</h2> 
Buterin stated in 2018 that he has never held more than 0.9% of ETH’s supply, and Arkham’s report confirms that his ETH balance has never significantly exceeded 0.9%. 
His holdings did, however, reach a peak of 0.91% in 2015. They have since been decreasing annually. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 I never personally held more than ~0.9% of all ETH, and my net worth never came close to $1b. Also, I'm pretty sure there are no criminal laws against pre-mining. 
 — vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1050125475253637120?ref_src=twsrc%5Etfw">October 10, 2018</a>
</blockquote> 
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Nevertheless, Buterin remains the largest individual holder of ETH. Presale investor Rain Lohmus holds more ETH than Buterin, but has lost the private keys to the wallet with the tokens. 
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Ethereum Co-Founder Vitalik Buterin Sees Net Worth Surge 54% This Year To More Than $851 Million, Arkham Says

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Inside Bitcoins

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