Justin Sun Net Worth: Has Binance Dumped His Cryptocurrency Tron?

Justin Sun Net Worth: A corporate executive and bitcoin entrepreneur from China, Justin Sun. He is the creator of the Tron blockchain DAO ecosystem, which was created in July 2017. Sun serves as Grenada’s permanent representative to the WTO.

Early Life

Sun was born in 1990, and he has a Bachelor of Arts degree. in History from Peking University and an M.A. in History from another university. obtaining a degree from the University of Pennsylvania in East Asia Studies.

Career

Sun attended Hupan University, and in 2011 and 2014, she was featured on the covers of Yazhou Zhoukan and Davos Global Youth Leaders, respectively. He was recognized as CNTV’s most deserving young entrepreneur in 2015, and from that year through 2017, he was included in Forbes China’s 30 Under 30 list.

A few days before the Chinese government outlawed initial coin offerings (ICOs), his business Tron performed an ICO for the TRN token in September 2017. The Verge claims that Sun pushed for the deal to go through before the ban could be made public despite being aware of the looming ban. Sun departed China for the US shortly after that.

In June 2019, Sun placed a record-breaking $4.6 million offer to have a private lunch with Warren Buffett, CEO of Berkshire Hathaway, before abruptly canceling it.

In the end, Buffett and the group had lunch in January 2020.

Justin Sun Net Worth

On March 11, 2021, Sun placed the lowest bid at Christie’s New York’s historic $69 million non-fungible token (NFT) collection Everyday: the First 5000 Days auction.

Sun took part in a $65 million fundraising round for Animoca in October 2021.

 

Sun declared himself the winner of the New Shepard auction in December 2021 after placing a $28 million offer to be the first paying passenger to board the Blue Origin ship in July 2021. He was unable to take flight on this mission in July 2021 because of a scheduling conflict. However, he secretly acquired a full flight of New Shepard for himself (allegedly with the $28 million auction offer, which he paid to Blue Origin in 2021), and he plans to choose five additional passengers to travel into space with him in late 2022.

Justin Sun left his position as CEO of TRON in December 2021 to work as a diplomat for Grenada.

Has Binance Dumped His Cryptocurrency Tron?

The creator of Tron, Justin Sun, has stated that he is collaborating with FTX to find a “solution” to issues at the exchange, which is in danger of going under.

The action was taken after Binance abandoned a proposed acquisition of FTX on Wednesday, claiming that the rival cryptocurrency exchange’s problems were “beyond our control or ability to solve.”

According to Bloomberg, FTX CEO Sam Bankman-Fried warned investors on Wednesday that the company faces bankruptcy if it doesn’t raise additional funds, claiming that there is a “shortfall” of up to $8 billion. This was before Binance withdrew its offer.

Sun, the creator of the Tron cryptocurrency network, tweeted late on Wednesday that he and FTX were collaborating on a “road ahead.” However, he did not specify if this would save FTX as a business or merely offer support for the exchange’s Tron-related tokens.

Personal Life

On the other hand, there is not a great deal of information on his parents and siblings; however, this will be updated in the near future. In the years that followed his graduation from high school, he attended Peking University, where he got a bachelor’s degree in history, and the University of Pennsylvania, where he earned a master’s degree in political science. Also, read about Arthur Smith Net Worth: Is Arthur Smith Married?

In addition to this, Sun finished his education at a Chinese University in Hong Kong, where he was also recognized for academic achievement by being named to the Dean’s list for all three years that he was enrolled there. After some time, he enrolled in Hupan University, where he is currently working on preparing a thesis about the Internet and Blockchain Technology while also having finished the Entrepreneurship class.

Sun has not disclosed anything about his relationship status or girlfriend, and he prefers to keep the details of his personal life private.

Justin Sun Net Worth

Justin Sun Net Worth is estimated to be around $200 Million currently. Sun was successful in acquiring the offer that was being held for the Glide Foundation, and he took first place in the auction by placing the highest possible price of $4.57 Million. In addition, Sun expressed his gratitude to the Glide Foundation, which provides assistance to San Francisco’s homeless population and rehabilitates formerly addicted drug users.

Sun was invited to dine with Warren Buffet and seven other individuals from the cryptocurrency industry. Other guests at the lunch included Sun. However, the offer was sponsored by the CEO of Berkshire Hathaway from the year 2000, and during that time they had amassed a total of $30 Million; the winning bid for the previous year was $3.3 USD.

Between the years 2013 and 2016, he also held the position of Advisor and Chief Representative for that region. In October 2018, he made a contribution to the Blockchain Charity Foundation of around $3 Million USD.

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