Tyler Howard Winklevoss was born on 21st August in the year of 1981 in Southampton, New York and grew up in Greenwich with his sibling. Howard Winklevoss, the father of Tyler is a renowned scientist. Howard delivered many lectures and shared a number of noticeable works at the University of Pennsylvania’s Wharton School.
Educational-wise, after attending Greenwich Country Day School, the Winklevoss brothers went to Brunswick School. At the age of 6, Tyler began taking violin lessons. During the time in junior high school, Tyler along with his sibling established a team known as the Rowing Club. In 2004, Tyler graduated from Harvard and received his degree. Wondering, what is the current net worth of Tyler Winklevoss. Well, here is all you need to know how Tyler became a bitcoin billionaire.
Quick Facts
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Career
While he was still a Harvard student in 2002, Winklevoss started his business endeavour. He and his sibling Cameron worked together with Divya Narendra, a colleague, to develop the social network HarvardConnection. The network, which was only available to college students, was basically an early version of Facebook. Later, the initiative was made available to more colleges, and its name was changed to ConnectU.
The Winklevosses and Narendra asked Mark Zuckerberg for assistance after a number of programmers attempted and failed to conclude the back-end programming of this new social network. Things start to become a little heated at this point.
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Facebook Compensation
ConnectU sued Facebook in 2004, claiming that Mark Zuckerberg had basically stolen their concept after the institution declined to get involved. By 2008, the Winklevosses had received a total of $65 million, which was divided up into a grant of pre-IPO Facebook shares valued at $45 million and $20 million in cash. There were a number of additional cases that came after, but the Winklevosses ultimately decided to resolve them for seven figures.
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Real Estate
For $18 million, Tyler and Cameron bought a contemporary home in Los Angeles in 2012. There are 5 beds and an 8,000-square-foot living space. Limestone floors, a built-in wet bar, a “state-of-the-art” video area, and a six-car garage are notable features. Solid glass walls gaze out over the metropolis and a swimming pool nearby. The siblings had only owned their home for three years when it was revealed in 2015 that they were letting it out. However, it soon became apparent that the Winklevosses were charging $150,000 a month to the top strata of society.
Other Efforts
Tyler and his sibling have launched several other businesses in addition to their failed effort to launch a social media network. The brothers founded Winklevoss Capital Management in 2012, an investment company that finances early-stage companies. Gemini is a currency trading business that deals in digital assets that Tyler and Cameron founded in 2014.
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Bitcoin Fortune
The brothers are now two of the world’s biggest and most outspoken Bitcoin investors. It is estimated that they collectively own approximately 1% of all Bitcoin in existence, which equates to approximately 180,000 Bitcoins.
Tyler and Cameron paid $11 million of their own money to buy 110,000 Bitcoins in 2013. At the moment, a single Bitcoin was worth $100. They have never sold a single piece. By December 2017, when a single Bitcoin was selling for $11,300, their investment had grown to more than $1.2 billion, and they had become joint billionaires for the first time. A single Bitcoin was selling for $6,000 about a year later, and a few months later, it was dealing for less than $4,000. The siblings again became billionaires by the end of 2020 when Bitcoin was selling at about $17,000 per coin.
A significant amount of Ethereum is also owned by the siblings, and Gemini is currently one of the biggest cryptocurrency platforms in the world. Bitcoin had increased in value enough by November 2020 for both siblings to become independent millionaires. When Bitcoin reached $60,000 in early 2021, the siblings’ total net worth crossed the $6 billion mark for the first time.
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