Tyler & Cameron Winklevoss – Net Worth, Cryptocurrency holdings, Bio (in 2020)
Tyler & Cameron Winklevoss (aka the Winklevoss twins) are widely regarded as the first people to become billionaires through Bitcoin investments. The twins invested their money from Facebook’s lawsuit into Bitcoin.
Winklevoss Twins Net Worth
It an interview the Winklevoss twins claimed that they own 1% of the total Bitcoin circulating supply. 1% of the entire Bitcoin’s circulating supply comes around $1.35 Billion. Based on their investment in other companies as well as on cryptocurrencies, the Winklevoss Twins have a combined net worth roughly around $1.8 Billion.
Winklevoss Twin’s complete list of investments is given below.
How’s the Winklevoss Twins Net Worth Calculated
Winklevoss Twins in an interview stated they had invested the majority of the money from the Facebook lawsuit into Bitcoin and other Bitcoin-related companies. Apart from Bitcoin, the Twins also started its own cryptocurrency exchange – Gemini Exchange, which is currently the second-largest in the United States.
Investments by Winklevoss
The Winklevoss Twins have heavily invested in blockchain and non-blockchain companies through their investment wing – Winklevoss Capital. The Twins have two unicorns under their belt plus more than 8 startups valued at $100 million or more. Some of the investment by Winklevoss Twins include,
- Bitcoin (BTC) – The Winklevoss Twins own roughly 115,000 Bitcoin which are valued at $814 million (1 BTC = $7,300)
- Gemini Cryptocurrency Exchange – Valued at $150 million
- Earn.com – acquired by Coinbase for $100 million
- BlockFi – Cryptocurrency Lending platform – valued at approx $100 million
- FlexPort – Freight delivery startup – valued at $3.2 billion
- AngelList – Online portal for Startups – valued at over $500 million
The complete list of Winklevoss Twins investment can be found on their Portfolio page.
The Winklevoss Twins made their billions by their investment in Bitcoin. They are active cryptocurrency investors and currently hold the majority of their wealth in cryptocurrencies. Their entire cryptocurrency holding hasn’t been given but based on their active investments we can deduce the tokens that the Winklevoss Twins hold. Some of their token include,
- Bitcoin (BTC) – roughly 115,000
- Bitcoin Cash (BCH) – due to fork, and also due to Gemini
- Bitcoin SV (BSV) – due to fork
- Ethereum (ETH)
- ZCash (ZCH)
- Litecoin (LTC)
- Tezos (XTZ)
- Gemini Dollar (GUSD)
Apart from the above, the Winklevoss Twins hold a considerable amount of ERC-20 tokens. The exact tokens are unknown.
Tyler and Cameron Winklevoss were born on 21st August 1981. They are identical twin brothers and are popularly known as the Winklevoss Twins. Their father is Howard Winklevoss, a professor at Wharton School at the University of Pennsylvania. The Twins attended Harvard University and represented the US Rowing Team at the 2008 Beijing Olympics.
ConnectU & Facebook Lawsuit
The Twins started a Social Network back in Harvard in 2002 called HavardConnect, later named to ConnectU. The Twins contacted Mark Zuckerberg to work on the ConnectU website. Mark Zuckerberg stole the idea and started Facebook.
The Twins sued Mark Zuckerberg in 2008 and settled for $65 million. The Twins used their money from their Facebook settlement and invested them in Bitcoins.
Winklevoss Twins and Bitcoin
Using the money received from the Facebook lawsuit, the Twins became Venture capitalists and started their own firm – Winklevoss Capital. The Twins led the first funding round of the Bitcoin payment processor – Bitinstant.
The Winklevoss Twins were the first people to apply and launch the Bitcoin ETF (Exchange Traded Fund) back in 2013. Their proposal was denied in 2017.
References and Further Reading
- Winklevoss Twins’ Fortune Doubles as Bitcoin Rallies – Bloomberg.
- Winklevoss Twins – Wikipedia
- Winklevoss Investment Portfolio – Winklevoss Capital
- Winklevoss twins, ‘Bitcoin Jesus’ head the list of people getting very rich from the cryptocurrency – CNBC
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