Winklevoss Twins Used Facebook Payout to Become Bitcoin Billionaires
Tyler and Cameron Winklevoss—the brothers who tried and failed to gain control of Facebook after alleging that it had been appropriated from them.
The Winklevoss twins own one of the largest portfolios of Bitcoin in the world—They have earned over $1 billion. That’s an impressive return on an $11 million investment just four years ago.That investment money came from the $65 million lawsuit against Facebook in 2011. They had claimed that Mark Zuckerberg stole their idea for a social network while all three were undergraduate students at Harvard.
They have not sold even a single one of their Bitcoins, waiting and watching them accrue value. And it’s been a impressive thing to witness: when the they invested in Bitcoins, It was trading at just $120. As of Friday morning, a single Bitcoin’s value was $7988.99, according to Google.
While the twins have reason to celebrate theturning poin, they’re still ways away from joining the Mark Zuckerberg, Forbes puts his value at $72.7 billion.