If you are a crypto fan, then there is no way that you haven’t heard about Justin Sun. Justin Sun is a well-known Chinese cryptocurrency trader and businessman. He is also the creator and CEO of TRON, BitTorrent, and Peiwo. Peiwo, a speech streaming service established by the young entrepreneur, has over 10 million users. TRON’s CEO acknowledges his part in bringing cryptocurrency to a wider audience. The TRON platform aims to bring content providers closer to their viewers by eliminating the need for expensive intermediaries. As an example, consider streaming platforms, app shops, and so on.
All of these services have been chastised for their stringent regulations and exorbitant commissions. It necessitates the presence of an ecosystem like TRON.
Justin Sun has one of the highest net worths in the bitcoin industry. This is because he is an extremely prominent character in the crypto realm. People want to know how rich he is and what his net worth is since he is so well-known and his most recent ventures, such as TRON, are doing so well.
Early Life of Justin Sun
Justin was born in Xining, the capital of Qinghai province and the largest city on the Tibetan Plateau, in July 1990. Sun’s family moved to Huizhou when he was five years old. According to some accounts, Sun comes from a small village, since this biography “fact” matches the American Dream better. Notably, Huizhou and Xining are not minor cities with populations in the millions.
Justin Sun’s birth name is Sun Yuchén. Justin had dreamed of being famous since he was a child. This drive to be noticed stemmed from his difficult childhood. This was the point at which his parents split up and spent a lot of time squabbling in front of Sun.
He was in elementary school when the chaos in his family began to have a bad impact on him. While he was learning and conversing with people, he was driven by a desire for attention. Justin Sun’s philosophy, which characterised his mindset well before his TRON career, was “must-win.” Sun went to a middle school in Huizhou that wasn’t particularly prestigious.
Sun protested against the test system when writing the examinations. He answered all of the Chinese exam questions in English and wrote all of the English test questions in Chinese. For the history exam, Justin substituted his teacher’s name for the historical figures he disliked.
Writing career of Justin Sun
Justin Sun changed his studies multiple times while in school. He was interested in numerous areas, but he didn’t believe he could become number one in any of them. Sun spent much of his adolescence in the library, inspired by Chinese writers such as Li Ao, Wang Xiaobo, and, most notably, the youthful and scandalous Han Han. In fact, he published numerous books in Sprout magazine in 2007, the publication that launched Han Han’s writing career, but Sun’s work was not successful.
Although Justin’s literary career did not pan out, fortune came from another source: he was accepted into Peking University. After 2009, Sun became a prominent opponent of Peking University. He became an active political rebel, even organising a series of political conversations in a cafe near the university with liberal thinkers. As a result of these activities, institution administrators began to target him and shut down several of his online accounts.
Justin was writing for the Internet weekly “Beidou” in the early 2010s. Many of his pieces were popular on Renren.com. Sun followed thousands of strangers on Renren with the hopes of attracting more readers and having them read his words.
Furthermore, he purposefully targeted his ideological rivals to provide them with an alternate viewpoint. Justin Sun was featured on the cover of Asia Weekly in 2011 after he published pieces critical of Peking University’s excessive control over students’ lives.
The beginning of a new career
Sun graduated with honours from the History Department. He claims that he received some of these grades as a result of his attempts to make friends with his professors.
Sun chose the University of Pennsylvania for his Master’s degree. Sun was found plagiarising another journalist’s essay while studying in Pennsylvania, causing a significant outrage among Renren users. If his university friends had realised he was going to be so great, they would have dismissed this event right away. He has tried a variety of occupations before settling on crypto. Justin Sun’s net wealth demonstrates his determination to succeed.
Sun began to shift dramatically after that. For him, literature was a thing of the past. He even got to insult a few of his childhood idols, like Han Han. More importantly, Justin became acquainted with Ayn Rand’s theories and concluded that the only worthwhile endeavour for him is business. He once remarked that he picks people depending on how much money they make. Around the same time, Sun discovered that recognised academics receive half the salary of an entry-level Goldman Sachs employee and made the firm decision to start a new life.
On the other hand, Justin Sun was unable to develop a firm from nothing. He lacked both money and experience. He eventually invested in bitcoin after purchasing some Tesla stock. Many believe Sun spent a year’s worth of his undergraduate fees in Bitcoin in 2011, allowing him to gain his first large fortune.
Pre-TRON years
Sun returned to China to dominate his own country’s business sector after concluding that the US business environment was not conducive to Chinese people. He got the notion to devote his time to digital currency, thanks to Bitcoin.
When Justin returned from America, he was appointed as Ripple Labs Greater China’s primary representative. Sun’s business climate was significantly better in his hometown. He developed Ruibo Technology, a multi-million user streaming app called Peiwo, and became a major player in IDG, a group of rapidly developing young Chinese entrepreneurs.
Justin was instrumental in IDG Capital’s public relations effort as well as the notion of the post-90s generation as a disruptive force in the technology industry sector. Sun rose to prominence after launching a podcast, “The Revolutionary Road to Financial Freedom,” in 2016.
Sun’s decision to go from America to China proved to be a wise one, as he achieved the reputation he deserved in his own country. The consequences of that action have thus far helped him, as his net worth has increased.
TRON years
Justin Sun established the Tron Foundation in July 2017, a firm that is developing a blockchain-based ecosystem to construct an infrastructure for decentralising the Internet. Tronix, or TRON, is the platform’s native coin. Because Chinese regulations are extremely hostile to cryptocurrencies, the firm was registered in Singapore. TRON has always had a tight relationship with Binance.
Binance, for example, hosted the TRON ICO. The firm raised $70 million throughout the campaign. When presented with the funds, China’s government prohibited ICOs within the nation, giving TRON an advantage over Chinese blockchain platforms that had yet to launch an ICO. TRON teamed up with Singaporean bike-sharing company oBike and a large video streaming site, Baofeng, in the coming weeks.
Sun bought BitTorrent for $126 million the next year and became its CEO. BitTorrent embraced blockchain technology and released BitTorrent tokens in February 2019 as a result of Sun’s becoming the company’s head. Binance has once again backed the event.
Aside from organic fame, Sun quickly earned an unwanted reputation in the bitcoin industry. On multiple occasions, critics accused him of plagiarising. In fact, the TRON white paper closely resembles the Ethereum white paper and includes excerpts from the white papers of Filecoin and BitSwap. Justin Sun rejected the allegations, but it doesn’t appear that he persuaded anybody other than his fan base.
Following the BitTorrent acquisition, the company received a new logo, which seems to be copied. Concerned parties have also purportedly discovered sections of MakerDAO and Single Collateral Dai white papers in materials related to another TRON project, a DeFi device named Djed. You may recall how Justin Sun’s literary career was crushed by plagiarism allegations. However, because he is a charming and successful entrepreneur, he can get away with it.
What is the Net Worth and Salary of Justin Sun?
Justin Sun’s net worth now stands at $200 million. His net worth has grown dramatically from the year he purchased bitcoin with a year’s worth of tuition expenses. TRON’s CEO has amassed a fortune in just a few years. Не еvеn асquіrеd thе fіlе-ѕhаrіng соmраnу ВіtТоrrеnt Іnс. fоr $120 mіllіоn. Alongside that, he also started a fоundаtіоn titled ТRОN. Тhе fоundаtіоn іѕ associated with blockchain ѕеrvісе
Conclusion
Јuѕtіn Ѕun іѕ а Сhіnеѕе tесhnоlоgу еntrерrеnеur, сrурtосurrеnсу іnvеѕtоr, аnd thе fоundеr аnd СЕО оf thе ТRОN Fоundаtіоn. At an equivalent time, he ѕеrvеd аѕ thе fоrmеr Сhіеf Rерrеѕеntаtіvе оf ‘Rіррlе (ХRР)’ іn Сhіnа. Ѕun асquіrеd thе рееr-tо-рееr соmраnу ‘ВіtТоrrеnt’ іn 2018, whеrе hе nоw wоrkѕ аѕ СЕО.
Јuѕtіn’ѕ buѕіnеѕѕ vеnturеѕ іnсludе thе lіvе-ѕtrеаmіng аudіо Арр ‘Реіwо. His many adventures in the crypto space have made him a well-liked personality, and every one of these has added to Justin Sun’s net worth in 2021.
