https://nasacademy.com/blog/article/michael-saylor-net-worth-the-man-with-the-most-bitcoin
Early crypto investors have long seen the results of their foresight, and Bitcoin investor Michael Saylor’s net worth is a reflection of it. A long time veteran of falling markets and plummeting share prices, Michael Saylor has learned to ride the wave and stick around until the market prices start climbing once again. To that end, his personal investment is the largest in the world, beating Elon Musk’s own investment. He continues to be a vocal supporter of Bitcoin. Michael Saylor’s net worth is currently $1 billion.
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Michael Saylor is an entrepreneur and business executive. Born on February 4, 1965, he’s involved in tech industries and is known for owning the largest amounts of Bitcoin — with 129,218 Bitcoin tokens, as of March 2022. Michael Saylor co-founded MicroStrategy, a company that provides business intelligence and analytics, mobile software, and cloud-based services. He’s not just involved in business, but also works towards prediction of new technology and how it’ll evolve over time. He wrote about mobile phone development in his 2012 book The Mobile Wave: How Mobile Intelligence Will Change Everything. He is also the sole trustee of Saylor Academy, a provider of free online education.
Michael Saylor’s net worth has been driven by innovations in technology, and so it’s not surprising that he’s invested heavily in crypto, particularly in Bitcoin. However, business and tech weren’t the original industries he was interested in.
As the child of an Air Force pilot for the US military Michael Saylor spent most of his childhood moving across the world as his father was assigned to different bases. After graduating high school, Saylor attended MIT and studied aeronautics and astronautics along with science, technology, and society.
Saylor intended to follow in his father’s footsteps and become an Air Force pilot, but his dream crumbled due to a medical condition that barred him from serving. Instead, he turned to computer sciences and software programming.
This led him to founding MicroStrategy with a friend from MIT. MicroStrategy began developing software for data mining, then moved to focus on developing software for business intelligence. MicroStrategy hit a lucky break when it won a $10 million contract with McDonald’s to develop applications to analyze the efficiency of its promotions. Not only was this a lucrative deal, but it led Saylor to the realization that his company could create business intelligence software that would allow companies to use their own data for insights into their businesses.
Since the company went public in the mid-1990s, its stock has made Michael Saylor’s net worth skyrocket to over $7 billion and secured his spot as one of the most well-known billionaires of the Internet bubble.
Michael Saylor has since been in the spotlight for various reasons… And not all of them are positive. In particular, he’s been criticized for a notice he sent to MicroStrategy employees about the response to COVID-19, questioning health department responses to the virus and the recommended public safety measures. The notice was uploaded to Reddit for several minutes before being taken down, and was reported in the Washington Business Journal.
As a clear investor in technologies of the future, Michael Saylor’s net worth has changed dramatically because of his investment into Bitcoin. In fact, Michael Saylor’s bought more Bitcoin than anyone else in the world, and even one of the worst crashes in crypto hasn’t dissuaded him from the cryptocurrency.
Michael Saylor’s net worth skyrocketed after he bought 17,732 Bitcoin tokens below $10,000 in 2020. Saylor’s personal 17,732 Bitcoin were worth $640.2 million on May 6 and then dropped to $531.9 million on the next Friday, equating to a loss of $108.25 million in just one week.
This isn’t the first time he’s gone through a massive loss in wealth because of a fall in the markets. The Internet bubble was a similar situation, where in 2000 Saylor’s company MicroStrategy’s stocks plummeted so fast that Saylor lost $6 billion in one day.
And he didn’t stop at personal investments. All of MicroStrategy’s spare funding has gone into Bitcoin investments, and were recently valued at $3.9 billion, a massive fall from $4.6 billion the week before because of the plummeting market. Saylor’s personal fortune is now hovering around $1 billion.
Despite the fact that Bitcoin’s value has dropped 70% since November 2021, his faith in crypto remains unshaken. Saylor attributes the crash to the growing pains that are typical of a new industry. In a recent interview, he said that, “Bitcoin represents the digital transformation of money, property, currency, energy, & matter… It is still at an early stage in its development and poorly understood”.
He’s also gone on to compare crypto to the oil and motor industries, which saw crashes that wiped out up to 99% of companies in the industry. As Saylor’s already been through one new industry finding its legs, his policy of weathering the storm might work out for him and bring returns on his massive investment.
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