Arkham Calculates Vitalik Buterin’s Latest Net Worth

4 months ago 42

According to on-chain analytics firm Arkham Intelligence, Vitalik Buterin’s net worth surged from $552.86 million at the start of 2024 to $834.66 million at the time of writing.

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

Arkham’s New Estimate of Vitalik Buterin’s Wealth

Buterin’s foray into cryptocurrency began in 2011 when he co-founded Bitcoin Magazine. Dissatisfied with Bitcoin’s limitations, he proposed Ethereum in 2013 to create a more versatile blockchain. When Ethereum launched in 2015, Buterin received a significant portion of its initial supply, forming the bedrock of his wealth.

Buterin’s known ETH holdings, amounting to approximately 245,279 tokens, significantly impact his net worth. The value of these holdings fluctuates with the market prices of Ethereum.

At the peak of the 2021 bull market, when ETH secured its all-time high of $4,891, his net worth surpassed $2 billion. By the end of 2022, market downturns reduced it by about 75%. Despite this volatility, Buterin’s strategic investments and continued role in Ethereum sustain his financial stature.

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

However, Buterin remains the largest individual holder of ETH. Ethereum pre-sale investor Rain Lohmus, who holds 250,000 ETH, could challenge this title, but he has lost access to the private keys.

Buterin also owns other digital assets. His top non-ETH holdings include 869,509 KNCL tokens from Kyber Network, where he serves as an advisor, valued at about $473,830, 845,205 STRK tokens from StarkNet, and 248.42 Wrapped Ether (WETH) tokens worth approximately $436,920.

Arkham’s publication caused mixed reactions. Some crypto community members condemned the platform’s actions, arguing that the Ethereum co-founder hardly cares about his net worth.

“I believe that Vitalik Buterin does not care about how much money he has. His wealth lies in blockchain and his belief in what he is doing. Therefore, I do not care if he is the richest man in the world or the poorest. Enter his mind, not his wallet,” one X user said.

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