Skip to content

Vitalik Buterin net worth 2024 | How much money does Vitalik Buterin have?

How much is the creator of Ethereum worth? – Vitalik Buterin’s net worth revealed
Nemanja Curcic

Vitalik Buterin, the co-founder of Ethereum and one of the most vocal advocates of cryptocurrency, has a significant portfolio comprised mainly of ETH tokens. In fact, during the bull market in 2021, he became the world’s youngest crypto billionaire. In the meanwhile, the price of ETH dropped significantly, but Vitalik Buterin’s wealth is still substantial. So, how much is Vitalik Buterin’s net worth today?

Vitalik Buterin and Ethereum

To better understand Vitalik Buterin’s net worth, we first have to delve deeper into his relationship with the world’s second most popular blockchain and cryptocurrency.

 How much is the creator of Ethereum worth? – Vitalik Buterin’s net worth revealed
Vitalik Buterin, the creator of Ethereum.

Vitalik Buterin is the inventor and co-founder of Ethereum, a decentralized blockchain with an integrated smart contract functionality. Buterin first elaborated on the concept in a white paper in 2013, arguing that Bitcoin (back then, the sole relevant blockchain) lacked application development via an integrated scripting language.

Ethereum is a decentralized blockchain platform enabling smart contracts and supporting decentralized applications (DApps). It utilizes its crypto tokens called Ether (ETH) to execute transactions and run smart contracts. Unlike Bitcoin (BTC), which emerged as an alternative currency, Ethereum primarily aims to support fully decentralized contracts and apps to simulate a global virtual computer. 

Recommended video: Vitalik Buterin explains Ethereum

Source: Ethereum YouTube

The idea failed to take off initially, but the Ethereum white paper circulated, the interest grew, and it finally caught up at a Bitcoin conference in January 2014, where it was described as a global processing machine operating on a decentralized network with virtually limitless applications. Ultimately, the project was crowdfunded and launched on 30 July 2015.

Fun fact: Vitalik Buterin’s inspiration for decentralized money came from his World of Warcraft gaming experience. He stated that Blizzard removed the damage component from his beloved warlock’s Siphon Life spell one day. He cried himself to sleep, and on that day, he realized “what horrors centralized services can bring” and soon decided to quit.

Vitalik Buterin’s ETH portfolio

In 2014, before it was publicly launched, Ethereum conducted a pre-sale where people could acquire Ether by paying with Bitcoin. ETH’s initial token supply was over 72 million tokens, with 16.53% allocated to Vitalik Buterin and its other seven co-founders.

This initial batch of ETH is the source of most of his crypto portfolio and the most significant driver of Vitalik Buterin’s net worth. As of July 16, 2024, Vitalik Buterin holds 245,178 ETH tokens. As the current price of each token is $3,451.24, this makes Vitalik Buterin’s ETH portfolio total value equal to $846.17 million. In other words, Buterin’s total value in held Ether is a little under $850 million.

Vitalik Buterin claims he never held more than 0.9% of total supply of Ether, and that was at the end of 2015. According to Arkham Intelligence, as of December 2023, the inventor of Ethereum held 0.2% of total ETH supply.

Since nearly all of it comes from Ether, Vitalik Buterin’s net worth is highly dependent on the current price of the crypto coin. In November 2021, near ETH’s peak price, the native token went over the $4,635 mark, making Buterin’s net worth about $1.46 billion. Similarly, his future net worth will fluctuate according to the performance of his crypto invention.

Buterin’s portfolio includes a number of other crypto tokens, but their combined worth amounts to a fraction of his ETH wealth and does not change the total net worth by much. Significant sums include 869,509 Kyber Network Crystal (KNC) worth approximately $0.5 million, another 248,273 tokens or $0.85 million worth of WETH (WETH), about 250 trillion of Doge-Inu (DINU) worth $85,12, and small amounts sums of THE, USDC, INDSHIB, DOJO, and other tokens.

Buterin proposes radical innovations to boost Ethereum speed

Although Ethereum has made significant advances over the years, it keeps lagging behind some of its competition – literally. Newer blockchains like Solana can generate blocks in 0.4 seconds, beating Ethereum’s 12 seconds many times over.

To address this, Buterin has proposed radical new solutions, including the “single-slot finality (SSF)” and “based pre-confirmations” that would provide guaranteed inclusion of the transaction in the next block for an additional fee. Buterin has emphasized the need to balance network speed and integrity, but if successful, the changes could transform the crypto industry, likely increasing Vitalik Buterin’s net worth in the process.

Vitalik Buterin’s non-crypto assets

Buterin was one of the earliest investors in StarkWare, an Israeli software tech company focused on cryptography, more precisely, zero-knowledge proof technology that focuses on blockchain scalability of the Ethereum platform. In May 2022, it was evaluated at $8 billion

As there are few reliable sources and zero public data on Buterin’s assets, it is impossible to know for sure how much his non-crypto portfolio adds to his total net worth. Therefore, we will not take it into account in this article. 

About Vitalik Buterin

Born in Russia in 1994 and raised in Canada, the father of Ethereum showed exceptional skill in arithmetics and coding since his earliest years. He was the person to envisage how Ethereum should look and work and outlined the draft of its design in 2014, and the blockchain went live in 2015.

Recommended video: Vitalik Buterin On Creating One Of The World’s Largest Cryptocurrencies

Source: Business Insider YouTube

As such, Ethereum expanded the capabilities of a blockchain from mere financial assets to a range of diverse functionalities in finance, gaming, decentralized finance (DeFi), and more. He has built a legacy of innovative thinking and decentralization advocacy, winning respect within the crypto and wider technology community.

Vitalik Buterin’s net worth: the bottom line

The single asset that makes Vitalik Buterin wealthy is his stake in Ethereum, or the number of ETH tokens he holds and their combined value. At the moment, it is about $846.17 million, but the sum fluctuated wildly, going as high as $1.6 billion in November 2021 and as low as less than $300 million in June 2022.

As it is, Vitalik seems dedicated to tying his net worth to his pet project, binding his financial fate to the success of the Ethereum blockchain and the associated cryptocurrency. We can only wait and see how it goes in time, but it does mean one thing: the great crypto inventor truly cares about the project, inspiring and reassuring many crypto investors willing to bet on their share of ETH.

FAQs about Vitalik Buterin net worth

How much is Vitalik Buterin's net worth?

The vast majority (almost 99%) of Vitalik Buterin’s net worth comes from the value of ETH. His 245,178 ETH tokens are valued at $846.17 million as of July 16, 2024.

Who is the largest owner of Ethereum?

The single largest owner of Ethereum is Vitalik Buterin, with 245,178 ETH held in his crypto wallet as of July 16, 2024.

Does Vitalik Buterin own crypto other than ETH?

Yes, Vitalik Buterin owns other tokens, such as WETH, STRK, KNC, and SDOG. However, almost 99% of his crypto portfolio’s worth is derived from Ethereum.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related guides

Contents

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.