Justin Sun is a Chinese tech entrepreneur. He is also known as the Chinese prodigy who founded the TRON cryptocurrency platform. Justin is also the CEO of BitTorrent, Inc., a peer-to-peer file sharing service. It is currently known as Rainberry, Inc. As of 2021, Justin Sun’s net worth is estimated to be over $200 million.
Justin Sun recently made significant investments in two major cryptocurrency platforms, Bitcoin and Ethereum. He bought 4,145 BTC worth $152 million and 54,153 ETH worth $135 million.
|Full Name||Justin Sun|
|Birth Date||July 30, 1990|
|Birth Place||Xining, Qinghai, China|
|Net Worth||$200 million|
Justin Sun was born on July 30, 1990 in Xining, Qinghai, China. There is not enough information about the early life of him and the parents of him. In 2007 he entered Peking University for education. He graduated from Perking in 2011 with a BA in Arts and History.
He later entered the University of Pennsylvania. He has a master’s degree from the University of Arts and Political Economy. Also, Jack Ma, the founder of Alibaba Group, chose him to study at Hupan University, which he founded in 2015. Sun became the only millennial in the early release group. In 2018 he graduated from the university.
Justin Sun net worth and trajectory
Justin wrote a dissertation called “The Birth of the Decentralized Internet” focused on the blockchain industry. He landed his first job as a senior spokesperson and consultant for the technology company Ripple Labs. He worked for the company for two years before retiring in January 2016.
During this time, he worked at Ripple Labs, founded the social media app Call me or Peiwo. It has become the largest live voice broadcasting app in China. The application is mainly used and appreciated by teenagers. Sun still runs the company as president and CEO.
In July 2017, Justin took his first step towards a decentralized internet by founding a blockchain company called TRON. Sun acquired peer-to-peer file sharing service BitTorrent in less than a year in June 2018. The company reportedly bought the company for approximately $126 million.
In January 2021, he invested $10 million in electronics retailer GameStop and $1 million each in iShares Silver Trust and AMC. Two months later, in March, he became the second person to break the record for a $69 million non-fungible token (NFT) offering at Christie’s auction.
Sun was supposed to win $70 million at the digital art auction, but his bid was not accepted by Christie’s systems and was outbid with less than 20 seconds left.
Personal life of Justin Sun
Justin Sun has yet to clarify his true relationship status. We still don’t know if he is married or dating. Due to the lack of information about his romance, it is assumed that he is not married.
Justin made a record $4.5 million offer for a private lunch with business tycoon Warren Buffett in June 2019. However, he canceled a dinner that eventually took place in January 2020, at which he offered Buffett a supercharged smartphone filled with Bitcoin and Tron.
He reportedly canceled the dinner on charges of being involved in illegal fundraising, money laundering, gambling and pornography. Sun later denied all the accusations and said that he canceled the appointment because he needed treatment for kidney stones.
justin sun net worth
As of 2021, Justin Sun’s personal fortune is estimated to be around $200 million. He has made a lot of money from his huge investments in the cryptocurrency market.
Justin reportedly bought 4,145 BTC for $36,868 and ETH for $2,509. The two transactions cost him approximately $287 million, $152 million in BTC and $135 million in ETH. BTC is currently trading at $38,149.50 and ETH at $2,578.29.