Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
I was just wondering how the Winklevoss fortune stands today. The two have gained quite a bit in the crypto world over the past few years.
So, what I found out: Bloomberg estimates their wealth at about $7.5 billion each, while Forbes is a bit more conservative at $4.3 billion per person. Pretty impressive when you consider how they started. In 2008, Facebook gave them $65 million – $20 million in cash, $45 million in stock. That was basically the launchpad for their rise.
Most of their wealth actually comes from Bitcoin. They still hold around 70,000 Bitcoins, which are currently worth over $7.9 billion. Plus, there’s Gemini, their exchange, which they founded. The Winklevoss fortune is thus closely tied to their crypto holdings.
Regarding Gemini: The exchange has developed quite well. 1.5 million lifetime users, over $285 billion in trading volume processed. The numbers show the business is growing – revenue increased from $98 million in 2023 to $142 million the following year. Net losses also improved significantly, from $319 million to $158 million.
However, Gemini has a structural weakness: most of its income comes from transaction fees. This makes the company more vulnerable if the crypto market weakens. Coinbase has handled this better – they diversified their income with Base Blockchain, subscriptions, and other services. Gemini is also trying this with staking, custody, credit cards, and their stablecoin GUSD (51 million dollars in assets), but dependence on transaction volume remains a risk.
It’s also interesting that the Winklevoss fortune is heavily tied to the development of Bitcoin and the overall crypto market. When prices go up, their wealth rises with them – when they go down, they feel it too. That’s why they’re so interested in the industry’s development. The IPO of Gemini could have brought them even more liquidity, but how that ultimately turned out is another story. What’s clear: two guys who received settlement money from Facebook in 2008 have now become some of the biggest Bitcoin holders in the world.