Jihan Wu
Jihan Wu

Celebrity Profile

Name: Jihan Wu
Occupation: Executives
Gender: Male
Country: Not Known

Social Accounts

Height: in centimeters - N/A
Weight: in kg - N/A
Eye Color: N/A
Hair Color: N/A
Blood Type N/A
Tattoo(s) N/A

Jihan Wu

Jihan Wu was born in Not Known. Jihan Wu is an Executives, . Find out Jihan Wunet worth 2020, salary 2020 detail bellow.

Net Worth

Net Worth 2020

$500 Million

Salary 2020

Not known

With the net worth of $500 Million, Jihan Wu is the # 1379 richest person on earth all the time follow our database.

Jihan Wu Net Worth Detail

In Hurun Report's inaugural Blockchain Rich List 2018, Wu was named the second richest cryptocurrency entrepreneur in China, with an estimated net worth of 16.5 billion yuan (US$2.39 billion), behind only Micree Zhan. Hurun also ranked him as the 204th richest person in China. In the same year, he was ranked No. 3 in Fortune's The Ledger 40 under 40, for transforming business at the leading edge of finance and technology.

Biography Timeline

1986

Wu was born in 1986 in Chongqing, China. After graduating from Chongqing Nankai Secondary School, he entered Peking University, where he earned dual degrees in economics and psychology in 2009.

2011

After college, Wu worked as a financial analyst for a private equity firm. In May 2011, he discovered bitcoin and raised 100,000 yuan from family and friends to purchase 900 bitcoins. He and fellow bitcoin enthusiast Chang Jia (长铗) founded Babite (巴比特), China's first bitcoin community site. In late 2011, he was the first to translate Satoshi Nakamoto's bitcoin white paper into Chinese.

2012

In 2012, Wu invested in Kaomao (烤猫), a bitcoin mining hardware startup. Although initially successful, Kaomao later ran into technical difficulties and exited the business. He also lost his investment in another mining hardware company.

2013

Having realized the importance of technical expertise, in 2013 Wu reached out to the microelectronics engineer Micree Zhan, whom he had met a few years before, and convinced Zhan to co-found Bitmain with him. In November 2013, Zhan developed Antminer S1, the company's first mining rig. Sales soon took off, but hit a downturn in 2014 when fraud was discovered at the Japanese bitcoin exchange Mt. Gox, leading to its collapse. In 2015, Bitmain developed Antminer S5, which became the best-selling mining equipment as bitcoin prices recovered. Bitmain grew into the world's largest computer chip company for bitcoin mining, reporting US$2.5 billion in revenue in 2017. In 2018, Wu owned 20% of Bitmain shares, and Zhan 36%.

2017

Wu has been a vocal proponent for increasing bitcoin's transaction capacity, which is limited to only seven per second due to the 1-megabyte size limit of bitcoin blocks, but the proposal was opposed by traditionalists. After two years of debate between the two camps, a Shenzhen-based mining company called ViaBTC, which Bitmain had invested in, orchestrated a hard fork of bitcoin, creating Bitcoin Cash in August 2017. Wu's critics accuse him of being the mastermind behind the fork, calling him "Jihad", a play on his given name, but Wu denied that he or Bitmain had so much influence in the matter.

2019

In 2019, Wu stepped down as co-CEO of Bitmain and founded Matrixport, a financial services company for cryptocurrencies. To circumvent China's ban on cryptocurrency trading, the company is based in Singapore.

Jihan Wu trends

FAQs

  1. Who is Jihan Wu ?
  2. How rich is Jihan Wu ?
  3. When is Jihan Wu 's birthday?
  4. When and how did Jihan Wu became famous?
  5. How tall is Jihan Wu ?
  6. Who is Jihan Wu 's girlfriend?
  7. List of Jihan Wu 's family members?

You might intereintereststed in

  1. Top 20 Executives celebrities in United States