Vitalik Buterin admitted while replying to a tweet about other billionaires – Elon Musk and Jeff Bezos, who top the list of the richest people on the planet.
Vitalik and several other developers, including Charles Hoskinson (founder of Cardano) and Joseph Lubin, created the Ethereum platform in 2014. Vitalik has a digital wallet whose ETH content was worth around $1.5 billion last November.
Since then, however, the price of the second-largest cryptocurrency has dropped around 55%, effectively making Vitalik a “non-billionaire” now.
Other crypto billionaires who have lost a large chunk of their fortunes include Binance CEO Changpeng Zhao (aka CZ). According to Bloomberg’s Billionaire Ranking, his fortune has plummeted by more than $80 billion (84% of his fortune).
Vitalik spoke about seeing his fortune dwindle when he praised billionaires Elon Musk and Jeff Bezos for their inclination to respond to ordinary people who reach out to them on Twitter. However, Mr Buterin complained that the virtue of the big bosses of “talk directly to people” seems less relevant these days.
(btw btw I’m not a billionaire anymore)
— vitalik.eth (@VitalikButerin) May 20, 2022
Vitalik Buterin does charity and supports other blockchains
Vitalik has been quite generous with his fortune in cryptocurrencies. Last year, he donated 5% of the total circulating supply of Shiba Inu coins to an Indian health fund to help alleviate the pandemic. This donation was equivalent at the time to a billion dollars. He also sent a donation worth $1 million worth of Ethereum to the Dogecoin Foundation.
It should be recalled that Vitalik Buterin sits on the board of Dogecoin and he said on Twitter that he hopes that one day DOGE will switch from the Proof-of-Work algorithm to the Proof-of- Stake that Ethereum is about to implement in August this year.