How Much of Charles Hoskinson's Net Worth Is in Crypto?
Crypto industry leader Charles Hoskin has a hefty net worth. His net worth has soared over the years. How much of his net worth is held in crypto?
May 19 2021, Published 2:32 p.m. ET
As a founding member of two of cryptocurrency's most prominent enterprises, Charles Hoskinson is well-respected in the crypto community. However, his social status isn't the only thing that has soared over the years. Hoskinson's net worth has followed.
Even with the crypto bubble seemingly bursting this week, Hoskinson's net worth is high. However, his current valuation depends on how much is in crypto versus other investment vehicles.
Charles Hoskinson has his hand in a lot of high-profile ventures.
Hoskinson co-founded Ethereum, which has proven to be one of the most successful cryptocurrencies on the market. He's also the founder of Cardano, a blockchain platform with a native coin (ADA). Cardano uses a more environmentally friendly PoS (proof-of-stake) consensus mechanism, something that Ethereum is still catching up with.
In line with the rest of the crypto market, ADA is down 15.23 percent over the last 24 hours. Meanwhile, Ethereum is down 18.49 percent and counting. Ethereum's market cap is $323 billion, while Cardano's is less than $60 billion.
Hoskinson is also the CEO of IOHK (Input Output). Headquartered in Hong Kong, IOHK provides financial services using peer-to-peer technology. The company reports that there are 3 billion people without access to traditional financial institutions, which is why peer-to-peer technology is so relevant. Much like the crypto it engineers, the commercialized IOHK operates in a decentralized fashion.
Charles Hoskinson's net worth
Hoskinson's net worth is reportedly in the $500 million–$600 million range. That's a fraction of fellow Ethereum co-founder Vitalik Buterin's net worth, which is reported to be more than $16 billion. This makes sense considering that Buterin is the original inventor for Ethereum, while he collaborated with a group of co-founders to bring the system to fruition. In total, there were eight original founders.
Buterin ultimately terminated Hoskinson's position in 2014. The two disagreed on whether or not to take Ethereum to the commercial scale or convert it to an official non-profit.
Ethereum now runs under the non-profit Ethereum Foundation. Ultimately, Hoskinson was able to take the commercial route with Cardano, despite Buterin's disapproval.
Charles Hoskinson lives in Colorado
Hoskinson currently lives near Boulder, Co. in a town called Guffey, "but often travels to more exotic locales," according to his LinkedIn. When Hoskinson isn't making millions from cryptocurrency, he's fishing, playing chess, or solving complex mathematical dilemmas.
Colorado is Hoskinson's home state. He received his cryptography and mathematics degrees from two in-state colleges, the Metropolitan State University of Denver and the University of Colorado at Boulder.
How much of Charles Hoskinson's net worth is in crypto?
Even though his net worth is reportedly much slimmer than Buterin's, Hoskinson is still largely considered to be one of cryptocurrency's wealthiest people. It's hard to say how much he has invested in the crypto market, but you can imagine it's a hefty amount compared to millionaires who aren't cryptographists.
At the end of the day, a higher stake in crypto means Hoskinson's speculative $550 million net worth could fluctuate drastically during times of market volatility.