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Justin Sun Net Worth: How Rich is the Chinese Crypto Whiz?

justin sun net worth
justin sun net worth

Justin Sun Net Worth: Justin Sun is a Chinese entrepreneur in the technology sector. He is also known as the Chinese Whiz Kid, and he is the founder of the cryptocurrency platform TRON. Justin is also the CEO of BitTorrent, Inc., a peer-to-peer file-sharing service. Rainberry, Inc. is the company’s current name. Justin Sun’s net worth is expected to exceed $200 million by 2021.

Full NameJustin Sun
Birth DateJuly 30, 1990
Birth PlaceXining, Qinghai, China
ProfessionEntrepreneur
Relationship StatusSingle
Net Worth$200 million

Justin Sun recently made significant investments in two major cryptocurrency platforms: Bitcoin and Ethereum. He paid $152 million for 4145 BTC and $135 million for 54,153 ETH.

 

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Justin Sun Childhood

Justin Sun was born on July 30, 1990, in Xining, Qinghai, China. There is insufficient information available about his early life and parents. In 2007, he enrolled at Peking University to further his education. He graduated from Perking in 2011 with a Bachelor’s degree in Arts and History.

He then went to the University of Pennsylvania. He graduated from the University with a Master’s degree in Arts and Political Economy. In addition, Alibaba Group founder Jack Ma chose him to study at Hupan University, which he founded in 2015. Sun was the only millennial among the first graduates. In 2018, he graduated from university.

 

Justin Sun’s Net Worth and Professional Career

Justin wrote a thesis titled “The Birth of a Decentralized Internet” that focused on the blockchain industry. His first job was as a Chief Representative and Advisor for Ripple Labs, a technology company. He worked for the company for two years before departing in January 2016.

He founded the social media app, Call me or Peiwo, while working at Ripple Labs. It grew to become China’s most popular voice live streaming app. Teenagers are the primary users and fans of the app. Sun is still the Chairman and CEO of the company.

Justin took his first step toward a decentralized internet in July 2017 when he founded TRON, a blockchain company. In June 2018, Sun acquired BitTorrent, a peer-to-peer file sharing service, in less than a year. He is said to have paid around $126 million for the company.

In January 2021, he put $10 million into GameStop, an electronic retailing company, and $1 million into the iShares Silver Trust and AMC. After two months, in March, he became the second person to break Christie’s auction record of $69 million for non-fungible tokens (NFT).

Sun was about to bid $70 million in the auction for the digital artwork, but his offer was rejected by Christie’s systems and he was outbid less than 20 seconds before the bid closed.

 

Personal Life of Justin Sun

Justin Sun has not yet disclosed his true relationship status. We don’t know if he’s married or dating anyone. He is assumed to be single due to the lack of information about his love affair.

Justin made a record-breaking $4.5 million bid for a private lunch with business tycoon Warren Buffet in June 2019. However, he canceled the lunch, which was finally carried out in January 2020, when he gave Buffet a smartphone loaded with bitcoin and Tron.

According to reports, he canceled the lunch because he was accused of illegal fundraising, money laundering, gambling, and pornography. Sun later denied all of the allegations and stated that he canceled the event because he needed to be treated for kidney stones.

Justin Sun Net Worth, Salary and Earnings

Justin Sun’s personal wealth is expected to be around $200 million by 2021. He made a lot of money from his large investment in the cryptocurrency market.

 

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