World's first Bitcoin Billionaires: The Winklevoss twins
Meet world's first Bitcoin Billionaires: two twins, Tyler and Cameron Winklevoss, known through the movie "The Social Network" as the two brothers who accused Mark Zuckerberg of having stolen the idea of creating Facebook from them. A few more years late, the two made it big, by investing the money earned from Zuckerberg in Bitcoin.
Winklevoss twins used $11m Facebook payout to become world's first Bitcoin billionaires
Winklevoss twins have one of the largest Bitcoin's portfolio in the world, and recent value of Bitcoin cryptocurrency have raised their fortune value to over $ 1 billion, making them the world's first billionaires in Bitcoin. This is an extraordinary profit, after an investment of only $ 11 million in cryptocurrency, just four years earlier.
Who are Winklevoss twins?
Tyler and Cameron Winklevoss are a pair of olympics and American entrepreneurs. The 36 years old twins were born in New York on August 21, 1981 .
They were raised in Greenwich, Connecticut and studied economics at the prestigious Harvard University, between 2000 and 2004, being licensed in Economy. The two also represented United States at the 2008 Beijing Olympic Games.
Winklevoss twins Facebook dispute
While studying, Tyler and Cameron met the Facebook social network founder Mark Zuckerberg, who also studied at Harvard.
They came to sue Zuckerberg in 2004, claiming that he stole their idea after they were contracted to develop the ConnectU site, which was to become Facebook later on.
The story of the twins was portrayed in The "Social Network" movie, both of which roles were played by actor Arnie Hammer.
Although their attempt to regain control of the company was unsuccessful, they were awarded $ 65 million in compensation.
How did the Winklevoss twins became bitcoin billionaires?
The brothers used $ 11 million of the cash compensation they received from the legal dispute with Facebook and used it to buy 100,000 Bitcoins in 2013. At that time, the value of one bitcoin was around $ 120.
Meanwhile, the two brothers have not sold even one of their Bitcoins, waiting to gain value. And it was a productive thing: at the end of this week, the price hit by Bitcoin was $ 17,000 per coin.
Yet, although Winklevoss twins certainly have a reason to celebrate this milestone, they are still far from approaching the wealth built by their old friend Mark Zuckerberg, who's fortune is estimated by Forbes at 72.2 billions of dollars.
We do not know if this was just pure luck or Winklevoss twins are brilliant. One thing is for sure or it just feels that some people are destined to become millionaires.