Ethereum founder Buterin became the world’s youngest crypto billionaire

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Vitalik Buterin, co-founder of the blockchain platform and digital currency Ethereum, became the youngest cryptocurrency billionaire in the world.

According to Forbes, the fortune of the 27-year-old native of Russia reached $ 1.09 billion after the token price for the first time exceeded $ 3 thousand. Thus, since the beginning of last year, Buterin’s fortune has grown almost 25 times.

Ethereum has a capitalization of $ 366 billion. It is the second largest cryptocurrency in the world, behind Bitcoin with a capitalization of $ 1.05 trillion. Over the past year, the price of a digital coin created by Buterin has grown by more than 325%.

In late April, it was reported that Beijing had become the world’s billionaire capital for the first time. According to Forbes, 33 new billionaires appeared in this Chinese city in a year, while only seven in New York.

The richest resident of Beijing is Zheng Yimin, the founder of ByteDance, which owns TikTok. His fortune is estimated at $ 35.6 billion.

In New York, the richest is the ex-mayor of the city and businessman Michael Bloomberg, whose fortune reaches $ 59 billion.