Ethereum co-founder Vitalik Buterin has reclaimed his billionaire status according to on-chain data amidst a surge in ETH prices.
Buterin's Fluctuating Wealth
Vitalik Buterin first became a billionaire in May 2021 at the age of 27, based on his publicly available holdings. In November 2021, ETH reached a record of $4,868, further boosting his wealth. However, in May 2022, Buterin revealed that he was no longer a billionaire after ETH experienced a significant drop, plunging more than 80% from that peak. Currently, ETH is once again near record levels, trading at $4,172.
Richest People in the Crypto Industry
Among the wealthiest individuals in the crypto sector is Satoshi Nakamoto, who is considered to be the richest known person in this field. Binance founder Changpeng Zhao (CZ) holds the second place with an estimated net worth of $90 billion, while Coinbase CEO Brian Armstrong comes in third with a net worth of $15 billion.
Buterin's Philanthropy
Vitalik Buterin is also known for his charitable contributions. In 2021, he donated over $1 billion worth of SHIB tokens to CryptoRelief, a fund focused on healthcare.
In conclusion, Vitalik Buterin has once again become a billionaire while actively participating in the crypto industry and demonstrating social responsibility through philanthropic initiatives.
