Justin Sun Net Worth: How rich is the Tech Entrepreneur in 2022?

Justin Sun is a tech entrepreneur from China. He is also known as the Chinese Whiz Kid, and he is the founder of the cryptocurrency TRON. Justin also serves as the CEO of BitTorrent, Inc., a peer-to-peer file-sharing service. Rainberry, Inc. is the company’s current name. As of 2022, Justin Sun’s net worth is estimated to be $200 Million.

Justin Sun has lately made significant investments in Bitcoin and Ethereum, two major cryptocurrency platforms. He spent $152 million on 4145 BTC and $135 million on 54,153 ETH.

Full NameJustin Sun
Date of BirthJuly 30, 1990
Birth signLeo
BirthplaceXining, Qinghai, China
ProfessionEntrepreneur
Net Worth$200 million

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Early Life

Justin Sun was born in Xining, Qinghai, China, on July 30, 1990. There isn’t a lot of information regarding his childhood or parents. To further his study, he enrolled at Peking University in 2007. He earned a Bachelor’s degree in Arts and History from Perking in 2011.

Following that, he attended the University of Pennsylvania. He earned a Master’s degree in Arts and Political Economy from the university. Jack Ma, the founder of Alibaba Group, also chose him to study at Hupan University, which he created in 2015. Sun was the first graduate who was a millennial. He graduated from university in 2018.

Justin Sun Net Worth & Career

Justin Sun Net Worth & Career
img – Forbes.com

Justin wrote a thesis titled “The Birth of a Decentralized Internet,” which concentrated on the blockchain. His first position was as a Chief Representative and Advisor for Ripple Labs, a technology company. Before quitting in January 2016, he worked for the company for two years.

During his tenure at Ripple Labs, he co-founded the social networking app Call me or Peiwo. It became China’s most popular voice live streaming app. Teenagers are the primary users and fans of the app. Sun continues to serve as Chairman and CEO of the company.

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

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

Sun was on the verge of winning the auction for the digital artwork for $70 million. However, Christie’s systems rejected his offer, and he was outbid less than 20 seconds before the auction ended.

Justin Sun Net Worth

Justin Sun’s net worth is expected to be over $200 million in 2022. He has made a substantial profit from his huge investment in the bitcoin industry.

Justin has bought 4,145 BTC at $36,868 and ETH at $2,509. He spent about $287 million on the two transactions, $152 million in BTC and $135 million in ETH. 

Personal Life

Justin Sun has yet to reveal his true dating status. We still don’t know if he’s married or dating someone. He is considered to be unmarried due to a lack of information regarding his love life.

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

According to reports, he canceled the lunch because he was being investigated for illegal fundraising, money laundering, gambling, and pornography. Sun eventually disputed all of the allegations, claiming that he postponed the event because he needed to get treatment for kidney stones.

Summary

  • Justin Sun is a tech entrepreneur from China.
  • He was born in Xining, Qinghai, China, on July 30, 1990.
  • As of 2022, the net worth of Justin Sun is estimated to be $200 million.

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