{"id":435047,"date":"2023-08-31T14:28:40","date_gmt":"2023-08-31T14:28:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=435047"},"modified":"2023-08-31T14:28:40","modified_gmt":"2023-08-31T14:28:40","slug":"micree-zhan-net-worth","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/bitcoin-investors\/micree-zhan-net-worth","title":{"rendered":"Micree Zhan Net Worth, Crypto and NFT Investments"},"content":{"rendered":"

Micree Zhan is one of the earliest proponents of crypto. He ventured into the industry by establishing Bitmain, a well-known Bitcoin mining firm. The massive rise in Bitcoin adoption and usage soared the revenue of Bitmain, thereby boosting the net worth of Micree Zhan. In February 2019, Bloomberg ranked Zhan ninth among the world’s richest self-made billionaires below 40.<\/span><\/p>\n

\"Micree<\/p>\n

Then, the net worth of Micree Zhan was estimated to be around $5.2 billion. Also, the Bloomberg Billionaire Index listed the Bitmain co-founder as the world’s 311th richest person in the world. The publication estimated the net worth of Micree Zhan to be around $5.42 billion in 2019. However, Zhan’s wealth has regressed owing to the dip in the value of Bitcoin and mining returns. <\/span><\/p>\n

Meanwhile, he was embroiled in a fierce leadership tussle with his fellow Bitmain co-founder, Jihan, and other executives. In 2019, he initiated two different lawsuits to protest his removal from the company. Ultimately, in early 2021, the lawsuits came to an end following an agreement between the duo. <\/span><\/p>\n

Micree Zhan’s Net Worth Since 2019<\/h2>\n
\n\n\n\n\n\n\n\n
Year<\/th>\nNet Worth<\/th>\n<\/tr>\n
2019<\/td>\n$5.4 billion<\/td>\n<\/tr>\n
2020<\/td>\n$6 billion<\/td>\n<\/tr>\n
2021<\/td>\n$6.2 billion<\/td>\n<\/tr>\n
2022<\/td>\n$3.2 billion<\/td>\n<\/tr>\n
2023<\/td>\n$2.7 billion<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

Early Life<\/h2>\n

Micree Zhan was born on 29 January 1979, in Minhou County, Fujian, China. He attended Minhou No. 1 High School, before proceeding to Shandong University. There, he graduated with a bachelor’s degree in electronics engineering in 2001. Later, he moved to the Institute of Microelectronics, Chinese Academy of Sciences. In 2004, he graduated from the institution, earning a master’s degree in microelectronics engineering.<\/span><\/p>\n

Shortly after the completion of the program, he secured employment with the Technology Research Institute at Tsinghua University. While at the institute, he worked as an engineer. Later, he had short stints with Microsoft, IBM, and a host of tech companies as a software engineer. <\/span><\/p>\n

Finally, Zhan resolved to start a business and founded DivaIP, a startup that allowed users to stream television to a computer screen via a set-top box. While running his company, he met Jihan Wu on the streets of Beijing. Then, Jihan was a financial analyst and private equity fund manager with a growing interest in cryptocurrency. After meeting Jihan, the duo had long discussions about establishing a new company. <\/span><\/p>\n

Bitmain<\/h2>\n

Consequently, in 2013, Zhan and Jihan founded Bitmain. The company designs and manufactures ASIC chips for cryptocurrency mining. With Bitmain, Zhan and Jihan aimed to tap into the growing attention on cryptocurrency. The main focus of the company is to be at the forefront of the crypto mining market. It kickstarted its journey in the mining sector by launching the Antminer S1. The product is an ASIC Bitcoin miner that produces 180 gigahashes per second (GH\/s). It consumes 80-200 watts of electricity.<\/span><\/p>\n

The establishment began to attain huge prosperity owing to the huge interest in crypto mining by corporate and individual investors. At a time, it became the world’s largest application-specific integrated circuit (ASIC) chip producer for Bitcoin mining. Through the company, Zhan established two mining pools; BTC.com and Antpool. <\/span><\/p>\n