Connect with us

Entertainment

Watch Out Zuckerberg, The Winklevoss Twins Are Now Worth A Combined $6 Billion

The current joint net wealth of Tyler and Cameron Winklevoss is $6 billion. And with the crypto world exploding every month, maybe they’ll give Mark Zuckerberg a literal run for his money eventually.

Published

on

This did not turn out to be the case.

Through their personal accounts and various business ventures, the twins have claimed that they manage or own 1% of all Bitcoin in circulation, an estimated 180,000 coins. The value of the 180,000 Bitcoins is $57,000 each coin.

$10 billion

Getting better

Not only did Tyler and Cameron hoard Bitcoin, but they also founded some of the most significant businesses in the cryptocurrency industry, including Gemini and Block-Fi.

$6 billion

This is a tale of rejection, despair, and salvation in its truest sense.

TIMOTHY A. CLARY/AFP via Getty Images

Getty Images TIMOTHY A. CLARY/AFP

Rejected by the Valley

The twins attended Oxford, obtained MBAs, and even participated in the Olympics after coming to an agreement with Mark and Facebook.

Dejected and rejected, they regrouped with a trip to Ibiza in 2012. They learned about Bitcoin for the first time on this crucial trip.

They bought their first Bitcoin after they got back to New York City.

A Crypto Empire is Born

The brothers established Gemini, a cryptocurrency exchange, in 2014. Today, the company offers trading and support for more than 30 different cryptocurrencies and is one of the largest crypto exchanges in the world.

Tyler and Cameron have made investments in more than 25 firms focused on digital assets through their holding company, Gemini Space Station. They envision a world where assets are largely digital and art, music, real estate, and businesses are launched and bought and sold through the blockchain.

Another set of twins, Duncan and Griffin Cock Foster, established Nifty Gateway in 2018 to simplify the process of purchasing NFTs. When the Winklevoss twins viewed a piece titled “CryptoPunk 4530” in July 2019, they learned about Nifty Gateway for the first time. Tyler Winklevoss created a Nifty Gateway account on his phone and agreed to pay $5,000 for a piece of digital artwork. The Cock Foster twins quickly received investment from the Winklevoss twins.

Artie is a business that creates video games that don’t have to be downloaded to a device, and it was most recently purchased by Tyler and Cameron. There are Artie’s games on the blockchain. Alongside Cameron and Tyler Winklevoss, investors include YouTube co-founder, Chad Hurley and Zynga founder, Mark Pincus. Artie and other blockchain-based businesses aim to bring back an open and free internet.

A $6 Billion Fortune

Despite the fact that they are still a long way off from Mark Zuckerber’s $123 billion net worth, which ranks as the fifth largest personal fortune in the world, they may learn a lot from his tale of rejection and redemption.