Who has seen The Social Network? Two brothers played a special role here. Cameron and Tyler Winklevoss are the exact same twins who rose to fame after Mark Zuckerberg was sued for allegedly stealing his idea for Facebook. The brothers received a $65 million settlement and decided to use that money to invest in Bitcoin. His investments paid off and he is now a billionaire.
How did the two brothers best known for prosecuting Mark Zuckerberg become billionaires? Let’s take a closer look at Cameron and Tyler Winklevoss’ story.
This is Cameron Winklevoss and Tyler Winklevoss
Cameron and Tyler Winklevoss were born on August 21, 1981 in Southampton, New York. His father is Howard Edward Winklevoss Jr., a successful businessman, and his mother is Carol Cameron Winklevoss, a former Olympic rower.
The twins were always very close in childhood. They studied in the same school and attended the same college. They also lived together at Harvard University.
The brothers first came up with the idea for Facebook when they were students at Harvard. Cameron and Tyler approached Zuckerberg in 2003 with their idea for the social network. But instead of working with him, Zuckerberg allegedly stole his idea and started Facebook himself.
How Did Cameron and Tyler Winklevoss Get Their Net Worth?
In 2004, the brothers sued Zuckerberg for $140 million, claiming they stole his idea. The case was settled in 2008 for $65 million in cash and stock. Cameron and Tyler each received about $10 million in cash and the rest in Facebook stock, but that was just the beginning.
The twins later founded their own venture capital firm, Winklevoss Capital, and invested in a number of startups, including bitcoin exchange Gemini and BlockFi.
He is also an early investor in cryptocurrency exchange Coinbase and an early adopter of the crypto scene in general. He is said to have initially invested in Bitcoin and thus holds about 1% of all BTC tokens.
As of 2021, Cameron and Tyler Winklevoss have a net worth of $11.0 billion making them one of the two richest people in the world.
What are the Winklevoss twins doing with their fortune now?
Geminis are still very active in the tech world. Be it crypto projects or other tech companies, brothers get involved wherever they may be.
The twins are also working to launch their own cryptocurrency, the Gemini Dollar. The Gemini Dollar is set to be pegged to the US Dollar so that it can be used as a stablecoin for everyday transactions.
Digital systems aside, both have long histories of luxury real estate in their portfolios. Particularly famous: an 18 million dollar mansion in Los Angeles. Winklevoss landlords must have a minimum monthly rent of $150,000.
Here is our story so far from my eyes.
— Tyler Winklevoss (@tyler) June 20, 2022
The two also formed a band during the Corona epidemic. In view of the immense fortune, success is not long in coming.
So there you have it: the story of Cameron and Tyler Winklevoss, from Harvard students to Facebook billionaires. Identical twins have made their mark in the worlds of technology and investing. And there are no signs that they will back down any time soon.
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