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.
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.
Picks for you
Recommended video: Vitalik Buterin explains Ethereum
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.
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 March 2024, Vitalik Buterin holds 245,775 ETH tokens. As the current price of each token is $3,684.44, this makes Vitalik Buterin’s ETH portfolio total value equal to $905.54 million. In other words, Buterin’s total value in held Ether is over $900 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 early May 2021, near ETH’s peak price, the native token went over the $3,000 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 869,500 Kyber Network Crystal (KNC) worth approximately $0.9 million, another 256,4 tokens or $0.94 million worth of WETH (WETH), about 250 trillion of Doge-Inu (DINU) worth $205,000, and small amounts sums of THE, USDC, INDSHIB, DOJO, and other tokens.
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
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 over $905 million, but the sum fluctuated wildly, going as high as $1.6 billion in May 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.
