Justin Sun Net Worth – How Much Money Does The Entrepreneur Have?
Curious to find out who the great billionaire Justin Sun is? Well, he is a leading cryptocurrency business that revolutionized the blockchain industry. He is the founder of the TRON Foundation and the CEO of BitTorrent. In addition, Mr. Sun was previously responsible for developing Ripple’s China business. In this article, we will add details about Justin Sun’s net worth and what he is doing for a living.
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Justin Sun Net Worth: Who Is He?
You have probably heard of Justin Sun, but did you know that he’s known worldwide, especially in the cryptocurrency world? Let us start with some basic info, before going to the Justin Sun net worth. Justin Sun is 32 years old and he was born in July 1990. He studied at Peking University and earned a degree in history. After that, he went to a university in Pennsylvania. Eventually, he received a master’s degree in arts and another master’s degree in political economy from college.
Justin Sun, or Chinese Whiz Kid (nickname), is known for leading Tron Foundation and CEO of an excellent blockchain company: BitTorrent. Justin made significant investments from a young age, at the beginning of his career in BTC and ETH in his early twenties. The Tron Foundation is probably one of the most successful non-profits globally. As a result, you expect the CEO and founder to be wealthy. You must be thinking because the protocol he developed is well known for blockchain technology.
Justin Sun Net Worth: How Much Money Does He Have?
The billionaire has invested $ 10 million in the electronics retailer GameStop. In 2021, an additional $ 1 million was added to the iShares Silver Trust and AMC. In addition, the young entrepreneur broke the record for a $ 69 million bid for non-fungible tokens (NFTs) at Christie’s auctions in March.
Justin Sun’s net worth could exceed $ 200 million by the end of 2022. In addition, he makes much money from his massive investment in the Bitcoin industry that can increase Justin Sun’s Net Worth.
Sun has acquired a $20 million Picasso image of Marie-Thérèse, as well as a triptych of Andy Warhol’s “fright wig” photographs for $2 million, KAWS’ Untitled (Kimpsons) for HK$2.5 million, and Cube by prominent NFT artist Murat Pak.
About Tron Foundation and BitTorrent
Justin established TRON, a blockchain company, in July 2017 as the first step towards the decentralized Internet. Since he owned Tron in less than a year, Sun acquired BitTorrent, a P2P file-sharing service. He reportedly paid $ 126 million for the transaction.
Tron is a decentralized digital network based on blockchain technology and has its funding, TRX. The network is a global entertainment system for the low-cost distribution of digital information, was founded in 2017 by the Tron Foundation, a Singapore-based non-profit organization.
Tron eliminates intermediaries and allows content creators to sell their work directly to consumers by combining blockchain and peer-to-peer (P2P) network technology. The app for the Tron platform is written in the Solidity programming language.
What is BitTorrent? BitTorrent is a P2P file-sharing communication protocol that allows consumers and investors to transfer data and files that are electronic in a distributed manner over the Internet.
Other Things You Need to Know About Justin Sun
Besides the investments in the crypto industry, another factor that contributes to Justin Sun’s net worth is Peiwo, a new investment of his. This audio streaming service has over 10 million users. The investor also participates in an auction organized by the Glide Foundation, supporting homeless people in San Francisco. He was declared the winner with a prize of $ 4.57 million, and his prize was a luncheon with Warren Buffett.
Sun has a talent for surprising people. So, he created a great impression with a record of $ 4.6 million bid when he took a private lunch with Warren Buffett, the CEO of Berkshire Hathaway, one year before the pandemic started. In addition, Justin is also an NFT investor. He was a bidder for Christie’s New York’s unprecedented $ 69 million Beeple Non-Fungible Token (NFT) collection auction.
Justin Sun Net Worth – Conclusion
Sun is experiencing moments of personal and professional growth continuously. Earlier this year, along with Sydney Xiong, he helped launch the APENFT Foundation as a blockchain-based platform for hosting and sharing his outstanding art collection.
The investor dеfinitеlу camе a long way in his саrееr, achieving at his age a lot of great heights. We can say that Justin Sun’s Net Worth is impressive, and it is growing day by day with each investment and innovation that he makes.
Featured image: cnbc.com