The net worth of Vitalik Buterin, the creator of Ethereum, has exceeded 1 billion dollars, Forbes reports. Therefore, Buterin, who is only 27 years old, has just become the youngest billionaire in the world to make a fortune thanks to cryptos.
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Last May 4, the price of Ether surpassed $3,000 for the first time ever, resulting in Buterin's fortune, who owns 333,520 coins, reaching $1.09 billion. Since the beginning of 2020, it has nearly increased 25-fold.
The price of Ether is rising driven by the growing popularity of decentralized finance apps (DeFi) designed to replace banks.