Winklevoss Twins Net Worth, Bio, Wiki, Quotes

The Winklevoss twins.
Courtesy of Tyler Winklevoss’ Instagram profile.

 

Who Are The Winklevoss Twins?

The Winklevoss twinsTyler Winklevoss and Cameron Winklevoss – are former Olympic rowers, entrepreneurs, cryptocurrency billionaires, and founders of the Gemini cryptocurrency exchange and the Winklevoss Capital investment firm. The twins are also known as the Winklevii.

 

Winklevoss Twins Bio & Background

Tyler and Cameron were born on August 21, 1981.

According to their LinkedIn profiles, Tyler and Cameron studied at Harvard University from 2000 to 2004, receiving bachelor’s degrees in Economics upon graduation.

While at Harvard University, the Winklevoss twins and their friend Divya Narendra came up with the idea of ConnectU.com – a social network for Harvard students. USA Today writes that the twins “dreamed up” the idea of a ConnectU network in late 2002:

We said to ourselves, ‘There are over half a million students in the Boston area, and there isn’t a good way to meet them.’

At some point, the Winklevoss twins and Narendra hired Facebook founder Mark Zuckerberg as a programmer to assist with the ConnectU project. This happened after a programmer who had to leave the project for personal reasons referred Zuckerberg, The Daily Free Press writes.

The Winklevoss twins sued Mark Zuckerberg in 2004.
The twins filed a lawsuit against Mark Zuckerberg in 2004, alleging that he had stolen their idea of a social network. Courtesy of Zuckerberg’s Facebook profile.

 

In a November 30, 2003 email obtained by The Daily Free Press, Zuckerberg told Cameron Winklevoss that he didn’t expect the completion of the project to be difficult:

I read over all the stuff you sent and it seems like it shouldn’t take too long to implement, so we can talk about that after I get all the basic functionality up tomorrow night.

Zuckerberg wrote a portion of the code and emailed Cameron Winklevoss the following day:

I have everything working on my system now. I’ll keep you posted as I patch stuff up and it starts to become completely functional.

Tyler Winklevoss said that Zuckerberg failed to show any progress on the site after that but reassured them that “it would be operational shortly”.

Zuckerberg continued to delay work because of homework and final projects. He was also working “on a personal project” at the time.

Eventually, Zuckerberg launched thefacebook.com on February 4, 2004. The Winklevoss twins learned about the website the following Monday.

We were like ‘What? He cut us out.’

Even though Zuckerberg claimed that he had done what was asked of him, ConnectU programmer Victor Gao discovered that major features of the network hadn’t been properly implemented.

Ultimately, believing that Zuckerberg sabotaged the project to build a competing platform and that he stole the idea of the twins and Narendra, ConnectU founders filed a lawsuit against Zuckerberg, his website, and its five officers on September 2, 2004, according to The Harvard Crimson.

The suit sought to have Zuckerberg’s website shut down and the profits resulting from the alleged breach of contract turned over.

Facebook chose to settle the lawsuit in early 2009 for $65 million.

In 2013, the twins invested $11 million of their settlement payout in Bitcoin, according to The Verge. At the time, the whole Bitcoin market was worth $1.3 billion (according to The New York Times), meaning that the Winklevoss twins momentarily owned 1% of all Bitcoin, as The Verge points out.

On the day The New York Times announced the twins’ investment (April 11, 2013), Bitcoin was valued at $120 per coin – down from the previous day’s $266. The publication also pointed out that the twins were the first prominent figures to “publicly disclose a big stake” in Bitcoin.

 

Gemini Cryptocurrency Exchange Platform

Gemini - the twins' crypto exchange platform.
Courtesy of Gemini.com.

 

In February 2014, the twins co-founded the Gemini cryptocurrency exchange. Gemini allows investors to trade and store cryptocurrencies (via the Gemini Wallet).

In May 2016, Gemini became the world’s first licensed Ether exchange, according to CNBC.

In May 2019, CNBC wrote that Mark Zuckerberg had reportedly held talks with the Winklevoss twins about Facebook’s plans. Facebook was seeking to allow its users to exchange money and make purchases on Facebook’s platforms.

As of May 6, 2021, CoinMarketCap ranked Gemini the top 15th cryptocurrency spot exchange in the world based on trading volume, liquidity, and traffic, among other things.

Gemini's position among the top cryptocurrency spot exchanges by trading volume.
Courtesy of CoinMarketCap.com.

 

Winklevoss Twins Net Worth

In Forbes’s The Real-Time Billionaires List, the twins were indicated to have a net worth of $3.0 billion each as of May 6, 2021.

The Winklevoss twins on the Forbes billionaires list.
Courtesy of Forbes.

 

Earlier, in February 2018, Forbes estimated that the Winklevoss twins were each worth $900 million to $1.1 billion.

In a February 2021 rundown of 11 Bitcoin billionaires “cashing in on Bitcoin’s wild rise”, Forbes provided an updated estimate of $1.6 billion each. Forbes specified that the twins owned an estimated 70,000 Bitcoins at the time.

Remarkably, in December 2017, CNBC reported with a reference to The Telegraph that the Winklevoss twins became the first Bitcoin billionaires. At the time, Bitcoin had just crossed record $11,826.76 per coin.

 

Winklevoss Twins Online Presence & Publicity

Tyler and Cameron Winklevoss are present on Twitter, as well as on Instagram (Tyler and Cameron).

Cointelegraph included the twins in its list of top 100 notable people in blockchain in 2021. Among other personalities on the list are Andre Cronje, Hayden AdamsRaoul PalSergey NazarovAnthony PomplianoScott Melker, and Changpeng Zhao.

 

 

 

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