No one needs to inform you about how profitable cryptocurrency investments and trading are—there is proof everywhere. One such living proof is Nikil Viswanathan, a successful Indian-American investor with a multibillion-dollar net worth of $1.8 billion. Nikil Viswanathan’s wealth-making story emphasizes self-determination, the need to identify gainful opportunities, and the importance of smart investments.
In this post, we will have a breakdown of Nikil Viswanathan’s net worth, explaining how he made so much money from cryptocurrency investments. We’ll kick off by examining his early life, personal background, and the establishment of Alchemy, down to when he began to accumulate his astounding net worth.
Who is Nikil Viswanathan?
Nikil Viswanathan (@nikil) was born on October 6, 1987, to Baku and Usha Viswanathan. He is Indian by birth but spent most of his life in Lubbock, Texas, making him an American citizen as well. The tech entrepreneur opted for dual citizenship, claiming to be a member of both his birth and resident country. Nikil was a bookworm in his high school years, and he proved this by scoring the highest CGPA in the history of his childhood school, Lubbock High School.
Nikil Viswanathan attended Stanford University, where he earned his first and second degrees in computer science. His time at the university highly impacted his future ventures as it provided him with the necessary network, skills, and opportunities. During his university programs, Nikil Viswanathan focused on machine learning and AI and also interned at top tech firms such as Facebook, Google, and Microsoft.
Nikil’s parents were crucial in setting the pace for his moneymaking mission. While Nikil was still in high school, they retired from their initial jobs and decided to establish a consultancy business. Their idea birthed Starnik Systems, a cloud-based utility company. The firm was a massive success and served numerous utility companies, reportedly managing about $4 billion in commercial service at a point.
What is Nikil Viswanathan’s Net Worth?
According to Forbes, Nikil Viswanathan’s net worth stands at an estimated value of around $1.8 billion. Much of the Indian-American businessman’s wealth came from the success of Alchemy—a blockchain firm he co-established with another Stanford graduate, Joseph Lau.
Before developing Alchemy, Nikil was already known as a tech entrepreneur. This was due to the success of his previous establishments, such as “Check In To My Flight” and “Down To Launch.” The latter’s success influenced Nikil’s and Joe Lau’s decision to take the bold step of developing another tech firm called Alchemy. Although it was minimal, we can agree that his previous tech firms also contributed to Nikil Viswanathan’s net worth of $1.8 billion.
How Did Nikil Viswanathan Make His Money?
The blockchain and crypto sector was the major source of Nikil’s net worth. His company, Alchemy, is a blockchain initiative created to provide support for other firms. Nikil reportedly owns about 26% stake in the company, and in February 2022, the firm held a value of 10.2 billion.
At the period of Alchemy’s launch, blockchain and crypto projects were at the peak of their adoption by investors and firms globally. Thus, the Alchemy project equally gained widespread acceptance and was known by many investors worldwide.
In fact, the firm was given the nickname “Microsoft of Blockchain” by the press. As you know, the higher the recognition, the higher the source of investments and income—and consequently, the higher Nikil Viswanathan’s net worth.
Aside from Alchemy’s tech exploits, Nikil Viswanathan also holds other profitable investments. Particularly, the Alchemy co-founder is actively investing in at least six other cryptocurrency projects. Reports reveal these projects to be Toku, LayerZero, XMTP, Stardust, Risk Harbour, and Zenion.
Nikil Viswanathan places about 33% of his investments in DeFi and crypto projects, and at the peak of the crypto market, Nikil Viswanathan’s net worth reached $2.4 billion (2021). Instead, unfortunately, following the recent drop in the value of cryptocurrencies, Nikil Viswanathan’s net worth was reduced to its current value of $1.8 billion.
