Courtrooms, Facebook, Olympics, Ibiza--find out what Tyler Winklevoss got caught up in before he became a bitcoin billionaire.
Did you know...
Tyler Winklevoss
Taught himself HTML when he was 13?
He and his brother, Cameron, designed websites for $100 to $1,000 at home in their bedroom.
They later gave it up due to lack of time.
Before the Winklevoss twins became crypto bulls, they had spent a lot of time in courtrooms.
After Harvard, Tyler and Cameron were evicted from the Regatta Riverview for failing to pay rent, late-night noise complaints, and drunk fighting with each other.
Soon after getting evicted, they were sued by Regatta owners for allegedly acquiring several URLs similar to Regatta's.
Posted "false, misleading, and defamatory" statements about the apartment on the acquired websites.
And even bought Google ads to redirect traffic to these sites.
But a settlement was reached two days after the lawsuit was filed.
All pleadings were sealed to avoid public disclosure of possible embarrassing information.
Then there was the infamous Facebook lawsuit battle.
The Winklevii sued Mark Zuckerberg for allegedly copying their social network idea.
Facebook counter filed with calumny.
The brothers took in a settlement of $65 million, but sued Zuckerberg again in 2011 for misrepresenting the value of stocks his company provided in the settlement.
However, the case was dropped.
They also sued one of their original lawyers, Quinn Emanuel, for disclosing the value of the settlement they reached with Facebook.
And in 2009, Wayne Chang, founder of i2hub Organization, tried to claim 50% settlement for setting up ConnectU with the Winklevii.
But the lawsuit was dismissed in 2014.
After spending years in court battles, the Winklevii became crypto bulls when they took their Facebook settlement money and invested heavily on bitcoin which they had strong beliefs for.
When bitcoins were $120/coin, they used $11 million from their Facebook money and bought approximately 10,000 bitcoins.
Unlike most bitcoin billionaires, the Winklevii never sold a single bitcoin nor had any plans to diversify.
They just held and let their value to grow.
"We still think [Bitcoin] is probably one of the best investments in the world and will be for the decades to come," Tyler Winklevoss said.
"And if it’s not, we’d rather live with disappointment than regret."
Despite having a luxurious life and amassing millions worth of bitcoin, they focused more on investing than spending, unlike other crypto billionaires.
Tyler and Cameron founded Winklevoss Capital Management; a venture capital company based in New York.
The "firm invests across multiple asset classes with an emphasis on providing seed funding and infrastructure to early-stage startups."
They also founded, Gemini, which according to CNBC, is the world's first licensed ether exchange.
The cryptocurrency exchange allows customers to buy, sell and store digital currencies.
They also founded, Gemini, which according to CNBC, is the world's first licensed ether exchange.
The cryptocurrency exchange allows customers to buy, sell and store digital currencies.
The cryptocurrency exchange can handle $300 million transactions every day as of 2017, by this time, the Winklevii have become billionaires.
"Every investor around the world wants to invest in U.S. markets because they’re regulated, and they’re licensed, they’re trustworthy, they have confidence," Tyler told Forbes in 2013.
"If you take that away, the global economy will take a hit like nothing else. We want to create that for Bitcoin."
Tyler has a net worth of $300 million...
...lives in a downtown apartment in Manhattan...
...but doesn't own a car.
Together with his brother, they have a net worth of $1.45 billion.
"We are very comfortable in very high-risk environments with absolutely no guarantee of success," Tyler said.
"I don’t mean existing in that environment for days, weeks or months. I mean year after year."
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