19 June 2021,   19:17
Ethereum’s 27-year-old co-creator is now the world’s youngest crypto billionaire

Vitalik Buterin, who spearheaded the launch of the Ethereum blockchain in 2015, has become the world’s youngest crypto billionaire at age 27. Ethereum’s cryptocurrency, ether, surged past USD 3,000 for the first time early Monday morning, marking a 325% rise since the beginning of 2021, writes Forbes.

Buterin’s ether address, which he disclosed in October 2018 as his main ether wallet, currently holds 333,520 ETH, worth USD 1.09 billion at the ether price of USD 3,278 at 1:30 p.m. ET on Monday.

Vitalik Buterin was reportedly born in 1994 in the town of Kolomna, just outside of Moscow. He later moved to Canada with his family and was raised in Toronto. Prior to launching Ethereum, in 2012 when he was 18, Buterin cofounded (and wrote for) Bitcoin Magazine with Mihai Alisie, who later joined Buterin in founding Ethereum. In 2014, Buterin was awarded the prestigious Thiel Fellowship, offering USD 100,000 for young people under the age of 23 to pursue interests outside of academia (instead of going to college or university). The fellowship is funded by billionaire Peter Thiel, an early investor in Facebook and a graduate of Stanford University. A year later, the Russian-Canadian entrepreneur and the rest of the developing team launched Frontier, what they called the “barebone implementation of the Ethereum project”.

Last week, Buterin donated about USD 600,000 in ether and maker (MKR) tokens to a COVID-19 relief fund for India.