Justin Sun’s Net Worth: How much does he make?
According to Justin Sun’s public crypto wallet and private investments, he has a net worth of $3 billion as of 2023.
Currently, Justin Sun has over $1.1 billion in assets farming different applications across Ethereum, Binance Smart Chain, Tron, Polygon, and Atomanche in his publicly known cryptocurrency wallet.
Which Cryptos Does Justin Sun Hold?
As you can see above, Justin Sun’s wealth is distributed relatively evenly across the digital asset ecosystem between stablecoins and major Layer 1s like Ethereum, Bitcoin, Binance, and Tron.
Additionally, Justin recently purchased stake in the Poloniex Exchange and moved its operations to the Seychelles Islands, so he could move money easily to and withdraw it in an obfuscated fashion according to a recent report by The Verge.
How Did Justin Sun Build His Net Worth?
It is best known that Justin Sun is a Chinese entrepreneur and cryptocurrency investor who has been actively involved in blockchain technology and cryptocurrency development and promotion. As the founder of TRON, a decentralized entertainment and content-sharing platform based on blockchain and peer-to-peer (P2P) technology, Sun is also involved with Ethereum and BitTorrent Token projects.
As well as working in the crypto space, Sun is an active angel investor who has invested in several companies, including Uber, Shopify, and Plaid. You can follow his investments and investment thesis on Twitter. Justin Sun even acquired BitTorrent, one of the largest torrenting platforms in the world.
As a result of his investments in cryptocurrencies and protocols, as well as his leadership of Tron, he has become a prominent figure in the crypto space with his constant presence on Twitter and engagement with other projects.
Aside from making money with investments, Justin Sun is an advisor of Huobi, a leading crypto exchange.
Controversy
The subject of some recent controversy in the world of digital assets has also been Justin Sun. In particular, the US Securities and Exchange Commission (SEC) filed a complaint against Sun. Additionally, the case was brought by American regulators about the “orchestration of the unregistered offer and sale, manipulative trading, and unlawful trading” of the security Tron (TRX).
The commission also claimed that Sun and other celebrities had engaged in “wash trading” to raise awareness of Tron’s native coin. The filing, which was submitted in March, shows that the SEC is still looking into the sector.
Final Thoughts
In conclusion, Justin Sun, the creator of Tron, a well-known blockchain platform for decentralized applications and smart contracts, is a key figure in the Chinese cryptocurrency market. Having founded the social media site Peiwo and previously worked for Ripple, he has experience in both business and technology.
