The current Winklevoss twins net worth in 2022 is approximately $4.4 billion dollars for each of them according to Forbes. They both became billionaires from using their $65 million Facebook settlement and using it for their large early Bitcoin play. They are both ranked #261 wealthiest on the Forbes 400 list.
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 during their holding period.
It has been reported 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 highly probable that it would be a big 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 from approximately $8 to $9 per Bitcoin. They 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 cryptocurrency exchange Gemini Trust Company in 2014; today it processes approximately $200 million a day in trades. Cameron is Gemini’s president and Tyler is the CEO.
The twins still own an estimated 70,000 Bitcoins, in addition to other digital assets.
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 price surge in Bitcoin in 2020 back to new all time highs each of the twins were again worth over $1 billion, according to the Bloomberg Billionaires Index. At 40-years-old, they multibillionaires through the Facebook settlement, their early large Bitcoin cryptocurrency purchases, and founding their crypto company Gemini.
Tyler Winklevoss’ current net worth in 2022 is approximately $4.4 billion.
Cameron Winklevoss’ current net worth in 2022 is approximately over $4.4 billion.