Justin Sun, a Chinese expert, created TRON, a decentralized operating system and blockchain containing TRX and the stablecoin USDD. Currently, he is a diplomat for Grenada and is also the CEO of BitTorrent, Inc., a file-sharing platform. As of 2022, it is thought that Justin Sun has a net worth of $300 million.
Justin Sun Personal Life
Justin Sun is a private person who doesn’t talk much about his private life. No one knows what his relationship status is yet. But since he is a diplomat for the country, everyone knows he lives somewhere in Grenada. He probably did this mostly to save money on taxes.
Justin was born in the city of Xining, Qinghai, China, on July 30, 1990. But there isn’t much known about his early life and family. In 2007, he moved to Beijing to go to Peking University. After four years, he got his bachelor’s degree in arts and history from the school. Sun moved to the United States to go to college there.
He got his master’s degree in East Asia Studies from the University of Pennsylvania. Fellow entrepreneur Jack Ma also picked him to attend Hupan University, Ma’s top business school. In 2018, Justin went to college.
Justin Sun Career
In 2011, Sun was on the cover of the magazine Yazhou Zhoukan, which is about world affairs. In 2014, he did the same for the Davos Global Youth Leaders. The same year, he worked for Ripple Labs, a company that made crypto payment solutions.
He was an advisor and chief representative at Ripple Labs, where he worked on the Peiwo app for live voice streaming. It quickly became a very popular place for Chinese teens to hang out. Justin Sun started the TRON ecosystem in 2017. With it, he made the Tronix (TRX) cryptocurrency and the Decentralized USD stablecoin (USDD).
A year after making TRON, Justin paid $140 million to buy BitTorrent. Rainberry, Inc. is the new name for BitTorrent. He made headlines in 2019 when he paid $4.6 million to have dinner with the famous investor Warren Buffet. This is a great example of his willingness to spend money to get the media to discuss his cryptocurrency projects.
In 2021, the internet business owner started investing in NFTs. He set up an NFT investment fund to buy the $22 million digital art by Picasso and Warhol. At Christie’s auction, he didn’t get the record-setting Bepple NFT for $69 million.
Later that year, he quit as CEO of TRON and started working for Grenada at the World Trade Organization. He also won the New Shepard auction, which made him one of the first people to pay to ride Jeff Bezos’ Blue Origin rocket into space.
Justin Sun Net Worth and Earnings
Justin is one of the top 50 richest people in crypto because he runs a business and owns multiple cryptocurrencies. He is no longer in charge of the TRON blockchain, but he still has a lot of money invested in his old company and its cryptocurrency, even though he is no longer in charge of them.
When stablecoins were losing value in 2022, the Chinese whiz kid said he would put $2 billion into the TRON DAO reserve to protect USDD’s peg. This shows that Justin will do whatever it takes to keep his $300 million fortune.