Introduction
Cryptocurrency has been a hot topic for quite some time now, and Bitcoin, specifically, has been responsible for creating many billionaires around the world. One such billionaire, Ben Delo, has been making a lot of news lately in the crypto market. He gained popularity after founding the crypto derivatives trading platform, BitMEX. As a result, many investors and crypto enthusiasts are now interested in uncovering Delo’s secret net worth. In this blog post, we will discuss Delo’s background, his journey to becoming a billionaire, and his net worth.
Early Life and Education
Ben Delo was born in London, England, in 1984. He completed his education in King Edward’s School in Birmingham, UK, before studying mathematics at Worcester College, Oxford. His academic achievements are quite impressive, and he was named “Maths Champion of the Year” in 2006.
Entrepreneurial Journey
After completing his studies, Delo started working as a software engineer at IBM. However, he soon decided to start his own company. In 2012, he co-founded BitMEX, which became a global leader in trading cryptocurrency derivatives. BitMEX’s success helped Delo earn a considerable amount of wealth, and he became a billionaire as a result.
BitMEX and its Significance
BitMEX, which stands for “Bitcoin Mercantile Exchange,” is a trading platform for cryptocurrency derivatives. Delo and his co-founders created BitMEX to overcome the shortcomings of traditional exchanges while allowing investors to leverage their assets. BitMEX is known for its high volume crypto trading features, which have made it highly popular among investors worldwide.
Ben Delo’s Investments
Delo has invested in many other successful ventures besides BitMEX. For example, he invested about $5 million in the Global Drug Development company, which helps in making drugs more effective. He is also a shareholder in the bike-sharing company, Ofo, and the Deep Learning start-up, DiffBlue, among others.
Ben Delo’s Net Worth
As of June 2021, Ben Delo’s net worth is estimated to be around $9.5 billion. This figure makes him one of the wealthiest people in the world. The majority of his wealth comes from his stake in BitMEX, which is valued at around $3.6 billion.
Philanthropy Efforts
Delo is a renowned philanthropist and is known for his generous donations. He has donated more than $17.5 million to the effective-altruism movement, which aims to improve the world by enhancing the effectiveness of social problems’ efforts. Delo is also a significant donor to the prevention and control of COVID-19.
Controversies and Legal Issues
BitMEX has faced a few controversies, and its co-founders have been implicated in legal issues. In October 2020, the United States Commodity Futures Trading Commission (CFTC) charged BitMEX’s co-founders with illegally operating a cryptocurrency trading platform.
Conclusion
Ben Delo is a remarkable billionaire who has contributed significantly to the advancement of the cryptocurrency industry. His entrepreneurial journey and his numerous successful investments have helped him become one of the wealthiest people in the world. Delo’s contributions to various philanthropy efforts make him even more remarkable.
FAQs
Q1: What is Ben Delo’s net worth?
A: Ben Delo’s net worth as of June 2021 is estimated to be around $9.5 billion.
Q2: What is BitMEX?
A: BitMEX is a trading platform for cryptocurrency derivatives.
Q3: What is the effective-altruism movement?
A: The effective-altruism movement aims to improve the world by enhancing the effectiveness of social problems’ efforts.
Q4: Has BitMEX faced any legal issues?
A: Yes, BitMEX and its co-founders have faced legal issues in the past.
Q5: What is the CFTC?
A: The United States Commodity Futures Trading Commission (CFTC) is a regulatory body that oversees the commodity futures and options markets in the United States.
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