Who are they?
Tyler and Cameron Winklevoss are two famous American businessmen, tech experts, and investors. They are better known as the Winklevoss twins, the two twin brothers who are the first Bitcoin billionaires ever. They are famous for investing the money they got from their Facebook lawsuit into Bitcoin before it was successful, a move that gave them a fortune. Read on to learn more about their early life, business, and net worth.
Early life and Biography
The identical twin brothers were born on August 31, 1981, in Southampton, New York, USA. They were raised in Greenwich, Connecticut. Their father is Howard Winklevoss, a University professor at the University of Pennsylvania.
Cameron and Tyler studied at the Harvard University. Their first major business move was the work on the ConnectU website with Mark Zuckerberg, the future CEO of Facebook. He stole their idea and started the social media by himself, resulting in a court case. The twins settled with Zuckerberg and received $65 million. They then invested in Bitcoins.
An interesting fact about them is that they were professional rowers who represented their country at the 2008 Beijing Summer Olympic Games. They came in sixth. They do have two medals from the 2007 Pan American Games, where they won a silver medal in the coxless four event, and a gold in the eight event.
Career in Bitcoin and investment
Since they became venture capitalists following the lawsuit, they started Winklevoss Capital. They then led the first funding of Bitinstant, the Bitcoin payment processor. Since then, they invested in other cryptocurrencies including Etherium, ZCash, Litecoin, Tezos, and Gemini Dollar. They now own 1% of all Bitcoin supply in circulation, which comes down to around $1.35 billion.
Their own companies, startups, and investments are also successful and deal with various things connected to the tech industry. They include Gemini Cryptocurrency Exchange, Earn.com, BlockFi, FlexPort, AngelList, and many more. They have 8 startups of their own that are worth more than $100 million.
Winklevoss Twins Net Wroth
The two brothers have amassed an immense wealth thanks to their idea for the social media platform that grew to become Facebook. Although they do not have anything to do with it today, and never have, they still received a huge amount of money 12 years ago, which they invested in various things, mostly Bitcoin. As of the start of 2020, Cameron and Tyler Winklevoss have an estimated combined net worth of more than $1.8 billion. Since they are still only 38 years old, an even brighter and more successful future is ahead of them, as they continue to work hard and make smart business moves every year.