With the advancement in technology, cryptocurrency has become a global phenomenon in recent years. Among others, Bitcoin, with more than 76 million users worldwide, has proven its worth as the world’s most well-known and established cryptocurrency.
Investing in bitcoin has benefited millions of people all over the world. According to reports, the total value of all bitcoins in the world was approximately $1.03 trillion as of 2021. So, it is safe to state that the creator of bitcoin, the pseudonymous Satoshi Nakamoto, is well-off from the profits they make from bitcoin.
However, there is a minor issue with determining how much the mastermind behind bitcoin earns, as the creator remains unidentified to this day. While there have been numerous statements made by people claiming to be Satoshi Nakamoto, Craig Steven Wright is one name that comes up frequently.
Only naturally are people interested in learning about the fortunes of the Australian computer scientist and businessman. So, in this article, we’ll take a closer look at what factors contribute to Craig Wright‘s net worth. Let’s also find out what his other sources of income are besides bitcoin.
Craig Wright Net Worth And Earnings
Even though the details of Craig Wright’s net worth have been withheld from the media, we can assume that his fortune is in the millions, if not billions. Although the Australian native has dabbled in various fields throughout his career, he is best known for his involvement in bitcoin.
So, it should not come as a surprise that his wealth is primarily derived from bitcoin. So, why don’t we find out how much he profited from cryptocurrency and his other income sources?
Also Read: Facts About Elle King’s Boyfriend Dan Tooker
Worked As A Saute Chef
Long before the world knew of Craig Wright as the self-proclaimed creator of bitcoin, the Brisbane native used to work as a saute chef, specializing in game meats. As per his previous LinkedIn profile, Wright worked with a catering company for three years.
With a background in French cuisine, the now-businessman must have earned a good living as a chef. So, even if it was not much, Craig Wright’s fortune must have improved while working as a chef.
Was A Lecturer At Charles Sturt University
Craig Wright graduated from high school in 1987 from Padua College in Brisbane. He then studied engineering at the University of Queensland, switching to computer science in his fourth year. According to his LinkedIn, the businessman also has a master’s degree in law from Northumbria University, a master of statistics from the University of Newcastle, and a Doctor of Philosophy from Charles Sturt University.
Wright describes himself as an academic junkie who goes from degree to degree as a hobby, so the fact that he has several master’s degrees from various universities should come as no surprise. In addition to studying, Craig also served as a lecturer at Charles Sturt University for five years until June 2015.
The average salary of a university lecturer in the United States is approximately $50,493 per year. Given Wright had numerous qualifications by the time he started lecturing at the university, he must have been paid handsomely for his works.
Therefore, it is reasonable to assume that Craig Wright’s net worth increased significantly as a lecturer at such a prestigious university.
Won Lawsuit Worth Billions Of Dollars
In February 2018, descendants of a deceased programmer named David Kleiman filed a lawsuit against Wright. The spokesperson of Kleiman claimed that Craig had defrauded Kleiman of bitcoins and intellectual property rights worth $5,118,266,427.50.
The battle went on for a long time. In 2021, a federal jury determined that Craig Wright did not have a business partnership with Kleiman. And he won over half of 1.1 billion bitcoin which was worth over $50 billion at the time. Yet, the business tycoon owed $100 million in compensatory damages for conversion to a company Kleiman founded in Florida, W&K Info Defense Research.
Nonetheless, Craig Wright’s fortune must have improved dramatically after the court claimed him to be the rightful owner of the digital assets.
Chief Scientist At nChain And Director At Tokenized
Craig is currently the Chief Scientist at nChain, a fintech firm specializing in cryptocurrency software development and research. He frequently gives lectures and talks about cryptocurrency. In addition, he is the director of Tokenized.
The businessman has also had the fortune of working with multiple tech companies, including OzEmail, K-Mart, and the Australian Securities Exchange. He also served as a security consultant for Mahindra & Mahindra, an Indian multimillionaire automotive company.
Furthermore, Wright is also the owner of several businesses. In November 1997, he founded DeMorgan, which he still runs as CEO today. The company received $54 million under AusIndustry’s R&D Tax Incentive Scheme.
The businessman also served as the CEO of Hotwire Preemptive Intelligence Group and planned to launch Denariuz Bank, the world’s first bitcoin-based bank. However, their plans ran into regulatory issues with the Australian Tax Office and failed in 2014.
Despite his multiple ventures, the business tycoon shows no sign of stopping any time soon. Given Wright’s successful investments and business ventures over the years, it is not an exaggeration to predict that Craig Wright’s net worth will reach billions in the coming years.
Authored Several Books
According to sources, Craig has penned many books and articles on digital forensics. The writer is also actively uploading articles related to cryptocurrency on his website craigwright.net. His book, The IT Regulatory and Standards Compliance Handbook, has received international acclaim.
Furthermore, his book Satoshi’s Vision: The Art of Bitcoin has received praises from both the public and critics. The book’s Kindle edition is currently available on Amazon for $3.99.
With millions of eager people wanting to learn about digital cryptocurrencies, his book must be selling at a rapid pace, adding to his wealth.
Lifestyle and Assets
As the self-proclaimed creator of bitcoin, many expect him to flaunt his wealth and lifestyle on social media. However, the scientist and businessman appear to be a private individual who does not enjoy boasting about his riches in public. Consequently, the public knows little about Craig Wright’s assets and wealth.
While the scientist has kept much of his personal life private, it is known that he owns homes in Gordon, New South Wales, and Ryde, New South Wales. Both his houses were raided by the Australian police after his claims about being Satoshi.
Craig’s fortune of millions clearly provides him with a comfortable lifestyle. So, let us all wish him well and hope that his fortune increase with time.
Trivia and Facts
- Craig Wright lives a blissful marital life with his wife, Ramona Watts.
- The businessman was previously married to Lynn Wright.
- As a divorce settlement, Lynn received half of W&K, which was later renamed Tulip Trust and held approximately $12.6 billion in bitcoin at the time of her testimony in the Kleiman legal battle.