Cryptocurrency & Terra
Do Kwon
Estimated Net Worth
$135 Million
Quick Facts
- Full Name Kwon Do-hyung (Do Kwon)
- Born September 6, 1991
- Nationality South Korean
- Primary Sources Terra/LUNA Holdings, Terraform Labs, Cryptocurrency Assets
Biography
Do Kwon is a South Korean cryptocurrency entrepreneur and former CEO of Terraform Labs who created the Terra blockchain ecosystem and LUNA cryptocurrency, which at its peak reached a market capitalization of over $80 billion before collapsing in May 2022. Despite the dramatic downfall of the Terra ecosystem and subsequent legal troubles including fraud charges, Kwon accumulated significant wealth during Terra's rise and through his previous ventures, though much of his net worth has been impacted by the ecosystem's collapse and ongoing legal proceedings.
Sources of Wealth
Terra/LUNA Token Holdings (Pre-Collapse)
~$80 Million
Founder holdings in LUNA cryptocurrency and Terra ecosystem tokens, which generated massive wealth during the bull run but lost most value during the Terra collapse in May 2022, with remaining assets subject to legal disputes.
Terraform Labs Equity & Operations
~$35 Million
Founder and CEO stake in Terraform Labs, the company behind the Terra blockchain, plus proceeds from various funding rounds and company operations before the ecosystem's collapse and legal troubles.
Other Cryptocurrency Holdings & Previous Ventures
~$20 Million
Diversified cryptocurrency portfolio, investments in other blockchain projects, and assets from previous tech ventures including Anyfi, though many holdings have been frozen or are subject to ongoing legal proceedings.