Connect with us

Billionaire Watch

Ethereum Co-Founder Becomes The Youngest Crypto Billionaire As ETH Hits $3K

Published

on

Vitalik Buterin

Vitalik Buterin, a co-founder of the world’s most popular smart contract platform, the Ethereum blockchain, has officially become a crypto billionaire.

Buterin’s public Ether address, which he described as his main wallet back in 2018, has hit $1 billion on its balance following Ether’s meteoric rise above a $3,000 price mark on Monday.

At the time of writing, the address holds around 333,500 Ether (ETH) now worth $1.029 billion, according to on-chain data from Etherscan, as ETH more than quadrupled in value from around $700 at the beginning of 2021.

At publishing time, the world’s largest altcoin is trading at $3,141, up 7.51 percent over the past 24 hours, with gains of 36% over the past seven days, according to data from CoinGecko.

According to some online crypto players, 27-year-old Buterin now could be the youngest self-made billionaire in the cryptocurrency industry.

Amid surging prices, Buterin has been generous with his crypto holdings. In late April, the Russian-Canadian programmer donated 100 Ether and 100 Maker (MKR) tokens to a COVID-19 relief fund for India.

Continue Reading
Comments

Billionaire Watch

Jeff Bezos Surpasses Elon Musk to Reclaim Title of World’s Richest Man

Published

on

Jeff Bezos

Jeff Bezos has once again ascended to the summit of wealth, surpassing Elon Musk to reclaim his title as the world’s richest man.

According to the latest data from the Bloomberg Billionaires Index, Bezos’ net worth stands at $200 billion, edging out Elon Musk’s $198 billion fortune.

Bezos’ resurgence in wealth comes amidst a $23 billion gain in 2024, juxtaposed against Elon Musk’s substantial loss of approximately $31 billion as per the index.

These fluctuations closely mirror the stock market performances of Amazon and Tesla, where both magnates hold significant shares.

Despite recently selling $8.5 billion worth of Amazon shares, Bezos retains his position as the largest shareholder in the e-commerce behemoth, boasting a 9.56 percent stake.

Meanwhile, Musk, with an equity stake of about 20 percent in Tesla, faced setbacks earlier this year when a judge invalidated a pay package valued at up to $55.8 billion.

This shift in the billionaire hierarchy marks a familiar saga of wealth battles among industry titans. Bezos, Musk, and other contenders have engaged in a relentless pursuit of financial supremacy, epitomizing the ever-evolving landscape of global wealth distribution.

As the tides of fortune continue to sway, Bezos’ resurgence signals yet another chapter in the saga of the world’s wealthiest individuals.

Continue Reading

Billionaire Watch

Jeff Bezos Trails Elon Musk in Top 10 Richest People Ranking with $195 Billion

Published

on

Jeff Bezos

As of the latest data, the 10 richest people in the world wield extraordinary financial influence, their net worth reflecting the dynamic nature of wealth accumulation and distribution.

Topping the list is Elon Musk, the enigmatic CEO of Tesla and SpaceX, with a total net worth of $200 billion. Despite recent fluctuations, Musk remains a formidable force in technology and innovation, driving advancements in electric vehicles and space exploration.

Following closely behind is Jeff Bezos, the visionary founder of Amazon, whose total net worth stands at $195 billion. Bezos continues to redefine e-commerce and venture into ambitious projects like Blue Origin, aiming to revolutionize space travel.

Bernard Arnault, the French magnate behind LVMH Moët Hennessy Louis Vuitton, occupies the third spot with a net worth of $185 billion. As a titan in the luxury goods industry, Arnault’s empire encompasses iconic brands synonymous with style and opulence.

Mark Zuckerberg, the pioneering mind behind Facebook (now Meta Platforms, Inc.), ranks fourth with a net worth of $165 billion. Despite recent controversies, Zuckerberg remains a central figure in social media and technology, shaping the digital landscape.

Rounding out the top five is Bill Gates, the co-founder of Microsoft, with a net worth of $145 billion. Gates’ philanthropic endeavors through the Bill & Melinda Gates Foundation have made a profound impact on global health and education.

Steve Ballmer, Larry Ellison, Larry Page, Warren Buffett, and Sergey Brin complete the list of the world’s wealthiest individuals, each contributing to diverse industries and sectors with their immense financial resources.

As the global economy continues to evolve, the fortunes of these individuals serve as a testament to the power of innovation, entrepreneurship, and strategic investment in shaping the modern world.

Continue Reading

Billionaire Watch

MacKenzie Scott Sells Off $10.4 Billion Worth of Amazon Shares

Published

on

MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, has sold off $10.4 billion worth of Amazon shares, constituting approximately 25% of her stake in the company.

According to a regulatory filing, Scott disposed of 65.3 million shares in Amazon.com Inc. last year, further diminishing her ownership in the tech giant.

Since her divorce from Jeff Bezos in 2019, Scott has emerged as one of the world’s most prominent philanthropists.

Despite having held around 4% of Amazon’s shares post-divorce, her charitable endeavors have significantly reduced her stake over the past few years.

Notably, Amazon remains the primary contributor to her estimated $37.6 billion net worth as reported by the Bloomberg Billionaires Index.

Scott’s remarkable generosity extends far beyond divesting her Amazon holdings.

Over the past year alone, she has donated more than $16.5 billion to a diverse array of charitable organizations, underscoring her commitment to addressing various social issues.

Through her philanthropic efforts, Scott aims to make a tangible difference in the lives of individuals and communities in need.

In 2019, Scott affirmed her dedication to philanthropy by signing the Giving Pledge, a commitment undertaken by billionaires to donate the majority of their wealth to charitable causes.

Her approach to philanthropy reflects a deliberate and thoughtful strategy aimed at maximizing positive impact while advocating for social change.

While Scott remains steadfast in her philanthropic mission, Amazon founder Jeff Bezos, whose net worth stands at $184.1 billion, has yet to formally commit to the Giving Pledge.

However, he has expressed his intention to give away a significant portion of his wealth in the future, echoing Scott’s altruistic endeavors.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending