Do Kwon Net Worth

Do Kwon Net Worth

Sara White
Fact Checked
Sep 15, 2022

Do Kwon is a well-known South Korean cryptocurrency entrepreneur who built Terra Labs (LUNA) and the infamous stablecoin UST (UST). Both companies recently collapsed and wiped out over $45 Billion in public investment.

Do Kwon's estimated net worth is $10 Billion given his career in cryptocurrency, having formed other companies like Basis Cash in 2019.

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Who is Do Kwon?

Do Kwon (@stablekwon on Twitter) is a Stanford College graduate who studied Computer Science and worked as an engineer with Apple and Microsoft. He later pivoted into Crypto and formed two different stablecoin projects called Basis Cash and Terra (LUNA).

Both projects grew to be multi-billion dollars in market capitalization, however, later failed due to being regarded as 'Ponzi's'. The yield and price stability mechanisms were ultimately flawed, which resulted in both stablecoins losing their peg to the US Dollar.

How did Do Kwon grow his Net Worth?

Do Kwon made hundreds of thousands of Ethereum during the early DeFi boom in 2019 and 2020. His estimated net worth before the collapse of Terra Luna was $50 Billion, this was when one LUNA token was worth over $110.

The price has since dropped over 99.99% and is under $0.0001 USD per LUNA token.

Kwon is currently in the process of trying to revitalize the Luna blockchain, and hopefully his net worth - but there is not a lot of confidence amongst investors. Many now consider Kwon to be crypto's equivalent of Elizabeth Holmes, the infamous creator of Theranos.

Sara White

I fell into crypto during the 2017 mania and have been around ever-since. I know write, research and publish my own reports on the digital asset ecosystem.

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