|Net Worth:||$1 Billion|
|Date of Birth:||May 10, 1988 (35 years old)|
|Profession:||Co-founder and managing partner of Paradigm|
|Nationality:||United States of America|
What is Fred Ehrsam net worth? How does Fred Ehrsam make his money? Below is the current net worth of Fred Ehrsam and how Fred Ehrsam makes his money.
What is Fred Ehrsam’s Net Worth?
Fred Ehrsam is an American investor and business leader who has a net worth of $1 billion. He co-founded the cryptocurrency investing company Paradigm and serves as its managing partner. Additionally, he is a co-founder of the cryptocurrency exchange Coinbase.
Ehrsam was born on May 10, 1988, in Boston, and grew up in Concord, Massachusetts. He was a passionate World of Warcraft player who played video games professionally during his time in high school, which is how he first learned about in-game virtual money.
Ehrsam received a B.S. in computer science with a minor in economics in 2010 after graduating with honors from Duke University. He belonged to Sigma Alpha Epsilon while attending Duke University.
Ehrsam joined the financial services firm, Goldman Sachs, in New York City as a foreign exchange trader after graduating from Duke. He first discovered cryptocurrencies during this time by reading a study written by a professor from Georgetown University.
Ehrsam subsequently started trading bitcoin during his downtime. Ehrsam and Brian Armstrong created Coinbase in 2012 in a San Francisco apartment to provide a platform for traders of cryptocurrencies like bitcoin and other digital currencies.
On the Bitcoin Reddit community, the two connected. Initially, Ehrsam presided over Coinbase. Ehrsam allegedly contacted his old institution Duke to make an investment in Coinbase’s 2015 Series C. He made a one hundred-fold increase to Duke’s original investment.
Ehrsam and Matt Huang, a former Sequoia Capital investor, formed the cryptocurrency investing business Paradigm in 2018. They became the controlling partners of the business after establishing it to invest in cryptocurrencies and businesses that target that industry.
The business had 28 investments in businesses involved with cryptocurrencies as of October 2020. The biggest cryptocurrency venture capital fund ever at the time was closed by Paradigm on November 15th, 2021. To invest in emerging cryptocurrencies and Web3 companies, the fund raised a total of $2.5 billion.
Forbes estimates that Fred Ehrsam’s overall net worth as of 2022 is close to $3.7 billion USD. However, based on our study, he is likely valued between $5 billion and $10 billion US dollars. The main sources of his fortune are his firms Coinbase and Paradigm.
He is a resident of a lovely home. He is one of the nation’s up-and-coming entrepreneurs who believe that anything is achievable if you have the right beliefs and motivation.
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