Vitalik Buterin\'s Net Worth Surged to $834.66 Million in 2024, According to Arkham Intelligence

Ethereum co-founder's wealth primarily comes from his substantial ETH holdings and strategic investments in various crypto projects, including StarkNet.

Ethereum co-founder Vitalik Buterin’s net worth has reportedly surged to $834.66 million, according to on-chain analytics firm Arkham Intelligence.

Buterin’s net worth is largely tied to his substantial Ethereum (ETH) holdings and strategic investments in various crypto projects.

At the start of 2024, Buterin’s net worth stood at $552.86 million, according to Arkham’s estimates. However, it has since surged by about 50%, driven primarily by the rising prices of Ethereum and other cryptocurrencies in his portfolio.

Buterin’s foray into the world of cryptocurrency began in 2011 when he co-founded Bitcoin Magazine. Buterin, who was fascinated by cryptocurrencies, began writing articles and engaging in discussions on online forums.

However, Buterin eventually became dissatisfied with Bitcoin’s limitations and proposed Ethereum in 2013 as a solution. Buterin envisioned Ethereum as a more versatile blockchain that could support a wide range of decentralized applications and smart contracts.

When Ethereum launched in 2015, Buterin, as one of its key developers, received a substantial portion of its initial supply. This allocation of ETH to Buterin and other early contributors served as the foundation for their respective crypto fortunes.

Buterin’s known Ethereum holdings, which amount to approximately 245,279 tokens, play a significant role in determining his net worth. The value of these holdings fluctuates in tandem with the market prices of Ethereum.

During the peak of the 2021 bull market, when ETH secured its all-time high of $4,891, Buterin’s net worth surpassed the $2 billion mark. But, by the end of 2022, market downturns and the bear grip of crypto winter reduced Buterin’s net worth by about 75%.

Despite this volatility, Buterin’s strategic investments and continued involvement in Ethereum have helped sustain his financial stature.

In 2018, Buterin publicly stated that he has never held more than 0.9% of all ETH. This claim appears to be accurate, as his known ETH holdings have never significantly exceeded 0.9% of the total supply with his highest ownership at 0.91% in 2015. Buterin’s ETH holdings have been decreasing annually since then.

However, Buterin is still the largest individual holder of ETH. A pre-sale investor, who could potentially challenge Buterin’s title as the top ETH holder, is Rain Lohmus. Lohmus, who participated in Ethereum’s pre-sale funding round, reportedly acquired 250,000 ETH. However, he later lost access to the private keys for the wallet containing his massive ETH stash.

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