Roger Ver's Net Worth - How Rich is He?

Roger Ver's net worth is estimated at $5+ billion because of his holding of approximately 335,000 bitcoins.

Overview

Roger Ver's net worth stats

Net worth:	$5+ billion / ฿335,000
Source of wealth:	Bitcoin, investments
Date of birth:	January 27, 1979
Place of birth:	Silicon Valley, California

How did Roger Ver build his net worth?

Roger Ver's net worth comes from his early investment in crypto-related startups and his promotion of the Bitcoin cryptocurrency.

Ver owns around 335,000 bitcoins, worth hundreds of millions of dollars. However, this controversial currency is known for its volatility, which rises and drops sharply according to market sentiment.

While he was still at college, Ver started his Memorydealers.com Inc., which sold discounted transceivers, switches, and associated computer components.

At the time, one Bitcoin cost around one US dollar. Ver, a new kid on the block(chain), and thousands of others were speculating on this new currency. At the same time, he launched Agilestar Inc., a world leader in fiber optic transceivers. This foresight and early investing saw him reach multimillionaire status by 2017.

With the value of his Bitcoin "mooning," Ver used his new-found wealth to invest in several startup businesses, including the Ripple blockchain, the BitPay crypto payments platform, and the Kraken crypto exchange. His investments are heavily focused on the crypto space.

Bitcoin investment is a revolving door of highs and lows. In June 2022, Coinflex refused to allow him withdrawals because he could not repay a whopping $47 million in a stablecoin margin call, but this was due to liquidity issues. He is still a wealthy man.

How has Roger Ver spent his wealth?

Roger Ver is not one for trumpeting about how he spends his wealth, but there is a tidbit that he sold his Lamborghini to buy bitcoin in 2012. So we can guess he spends his wealth on buying more crypto.