The current Winklevoss twins net worth in 2021 is approximately one billion dollars for each of them according to Bloomberg. They both became billionaires from their Facebook settlement and then their large early Bitcoin play.
Tyler and Cameron Winklevoss become famous from their depiction in the movie The Social Network that showed how Mark Zuckerberg took their idea for a Harvard website that connected students and then built Facebook for himself instead. The twins agreed to a $65 million settlement with Mark Zuckerberg and received $20 million in cash and $45 million in Facebook stock. After the Facebook IPO, the twins’ $45 million in shares returned +500%. According to the twins, their Facebook stock went on to be worth over $500 million as they continued to hold it.
It is reported and believed that the Winklevoss twins were not able to take their money into venture capital in Silicon Valley because they were blacklisted by Mark Zuckerberg. Start ups didn’t want them as investors because it would interfere with the company’s ability to get acquired by Facebook.
When the Winklevoss twins first heard about cryptocurrency they thought Bitcoin was either the next big thing or a scam. After researching it and understanding it they decided it was part of the future of currency. The twins first acquired $11 million worth of Bitcoins in 2013, based on New York Times reporting. They bought up 1% of the entire BTC supply, starting when the price was around $8-9 and invested $1 million in BitInstant and by 2013, the startup was handling 30% of all global bitcoin transactions according to a book by Jason Williams.
They then became Bitcoin perma-bulls believing it was the future of frictionless money. They also created the crypto exchange Gemini Trust Co. The twin brothers became billionaires for the first time in 2017 during the time period that Bitcoin reached all time highs before crashing.
After the recent price surge in Bitcoin in 2020 to new all time highs and beyond again each of the twins is now worth over $1 billion, according to the Bloomberg Billionaires Index. At 39-years-old, they are once again billionaires through the Facebook settlement and their large cryptocurrency purchases, and founding their crypto company Gemini.
Tyler Winklevoss’ current net worth in 2021 is approximately over $1 billion.
Cameron Winklevoss’ current net worth in 2021 is approximately over $1 billion.