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Justin Sun, born July 1990 in Xining, China, is a Chinese tech entrepreneur best known as the founder of Tron Network, which he resigned from to create the Tron DAO, the popular cryptocurrency Tron (TRX).
He has launched, acquired, and advised several high-profile blockchain technology companies, including Ripple Labs.
He has also served as the Representative of Grenada to the World Trade Organization (WTO) in Geneva until early 2023 and is a member of the Global Advisory Board for Huobi.
He is involved with various crypto projects such as BitTorrent, Animoca, and Poloniex and works as an advisor.
Justin Sun’s Net Worth In 2024
According to multiple online sources, Justin Sun’s net worth is estimated at around $1.2 billion in January 2024.
This estimate is based on his public crypto wallet (0x3d), which has over $210 million in assets from different applications and farms across Ethereum, Tron, Binance Smart Chain, Polygon, Fantom, and Avalanche.
Justin Sun’s Career
Blockchain Technology and Cryptocurrency Involvements
Justin Sun started learning and investing in Bitcoin and blockchain technology in 2012.
According to some reports, Sun invested in Bitcoin with his tuition fees. Luckily, Bitcoin rose to a thousand dollars, and Sun became wealthy and famous in crypto.
By 2013, his crypto success and expertise drew the attention of Ripple Labs’s former CEO, Chris Larsen, who hired him as the chief representative and adviser and the first Ripple employee in China.
In 2017, Sun launched the Tron Network and the TRX token, with an initial coin offering that raised over $70 million.
In June 2018, Justin Sun acquired BitTorrent, Inc. for $140 million and launched BitTorrent Token (BTT) as the new CEO. BitTorrent Inc. developed the BitTorrent protocol, a communication protocol for peer-to-peer (P2P) decentralized file sharing.
Still, in 2019, Sun acquired the crypto exchange Poloniex. Several reports alleged that in 2021, Sun demanded that he be given ownership of misplace d Poloniex customer funds that users accidentally sent to the wrong wallet addresses, totaling about 300 bitcoins.
Sun participated in a $65 million funding round in October 2021 in Hong Kong-based Animoca, a crypto and blockchain video games market.
Justin Sun Admits Tron is a Shitcoin
In a viral video, we hear Sun say, “Buy my shitcoin!”
Justin Sun also responded “Shitcoin” when Peter McCormack asked him if hIs TRON tokens were a valuable cryptocurrency or shitcoin?”
Justin Sun’s Dinner With Warren Buffet of Berkshire Hathaway
In 2020, Justin Sun won a “Dinner with Warren Buffet” with a $4.5 million bid at the Glide Foundation the previous year.
Justin Sun went along with other crypto figures, including Charlie Lee (Litecoin Foundation), Yoni Assia (eToro CEO), Chris Lee (CFO of Huobi), and Helen Hai, the head of the Binance Charity Foundation.
Although not much was disclosed, Sun and the other crypto personalities discussed crypto over dinner with Warren Buffet.
Justin Sun’s Pending Legal Allegations
Sun was sued by the U.S SEC in March 2023 for selling unregistered securities related to the sale and promotion of BitTorrent (BTT) tokens and Tron (TRX),
alleging that Sun was buying and selling the same token simultaneously to give a false impression of increasing transactions to raise the price of TRX token.
