BTC and the crypto space in general have produced several individuals with multi-million dollar net worth over the years, and A. Hayes is a top drawer in the unending list. Arthur Hayes is a crypto guru, entrepreneur, speaker, and a source of inspiration for both young and old cryptocurrency enthusiasts. Quite frankly, the African-American guru’s $600 million net worth makes him wealthier than most of his peers and even those older.
Arthur Hayes began his journey to great wealth with simple, innovative steps, which paid off and set him among the youngest millionaires in crypto trading. These steps include the creation of BitMEX, a popular cryptocurrency exchange platform that pooled millions of dollars to his net worth.
So, who exactly is this “crypto wiz”? Are there any other initiatives that contributed to his wealth pool? Also, what is Arthur Hayes’ Net Worth in 2024? Let’s find out!
Who is Arthur Hayes?
In the crypto space, very few exchange platforms are on par with BitMEX, emphasizing its high quality. But who is the mastermind behind this top-class crypto trading and exchange platform? Yes, of course, it’s Arthur Hayes! He is a successful crypto enthusiast, C.E.O., and investor with numerous portfolios to his name, as well as a multi-million dollar net worth.
Arthur Hayes (@CryptoHayes) was born in Detroit on December 18, 1985, into a middle-class American family, where both parents worked for General Motors. He attended a private school in Buffalo, NY, in his early days.
At high school, Hayes was renowned for his athleticism—a quality that helped him throughout his high school life. He was part of the school’s tennis, sprinting, and marathon teams, participating in competitions such as the Cross Country Race, Mr. Penn fitness competition, and so on. Hayes also won scholarships with his athletic abilities.
The African-American guru attended the Wharton School of the University of Pennsylvania, graduating with a prestigious Economics degree. Little did he know that his knowledge of market dynamics and trading would turn him into the big-bag owner he is today.
After his graduation, unlike most of his peers, he migrated to China for his internship program at Deutsche Bank, Hong Kong. He was able to convert this into a full-time job later on when he cleverly passed the recruitment interview at the first trial.
Later, Hayes joined another financial firm, Citigroup, where his major focus was on equity derivatives. Although he was laid off much later, he had gathered enough knowledge to tackle whatever came next. No doubt, his experiences from high school till Citigroup are top contributors to Arthur Hayes’ net worth.
What is Arthur Hayes’s Net Worth?
Successful cryptocurrency traders sure know how to amass “uncountable” millions in no time! For illustration, Arthur Hayes’s net worth in 2024 is estimated between $450 – $600 million. Due to his widespread wealth stream, it is nearly impossible to place a single value on Arthur Hayes’ net worth. Let’s narrow it down!
Firstly, as a co-founder and C.E.O. of one of the world’s largest cryptocurrency and Bitcoin trading platforms, BitMEX, Hayes earns thousands of dollars daily! He also has personal digital assets that must have tripled in worth thanks to BTC’s recent massive pump. Arthur Hayes is also a renowned public speaker, philanthropist, and investor, contributing directly or indirectly to his $600 million net worth. On the downside, Mr. Hayes was once involved in a scandal that made him lose a substantial amount of cash as well.
BitMEX
2013 was an eye-opening year for Arthur Hayes as he delved into the world of cryptocurrency and Bitcoin trading in that year. Hayes soon met like-minded individuals in China, and one year later, they launched BitMEX. BitMEX is a cryptocurrency exchange and derivative trading platform that rapidly became popular among cryptocurrency traders.
The BitMEX project by Ben Delo, Samuel Reed, and Arthur Hayes was not an easy task. Reports claim that the team worked tirelessly to produce the seamless trading platform it turned out to be. One additional perk that drew users to the platform was its massive leverage. So, within months after the launch, BitMEX got millions of traders using the platform to exchange Bitcoin and other assets daily.
At one point, the company handled more than $2 billion from trading every day. This invariably contributed to the wealth of the co-founders, including Hayes. Today, the company has a net worth of about $3.6 billion, and from the look of things, it has every potential to soar even higher!
Personal Investments and Ventures
As part of his pool of “uncountable” wealth, Hayes also has personal Investments, especially in the crypto space. The 38-year-old owns several cryptocurrency currency projects, shares, and traditional assets, including BTC. This strategic diversification has ensured a steady rise in his Arthur Hayes net worth over the years.
Public Speaking Career
What good is having knowledge if it can’t be passed down to others? In this light, Arthur Hayes is a dedicated and inspirational orator, sharing his professional views on money-making on numerous platforms. The catch is that whether he demands huge sums before speaking at a program or not, Hayes will gain attraction to himself and his brand.
This means more users on BitMEX, more followers on his socials, and, by extension, more money in his account. Let’s not forget that Hayes is also very philanthropic, and his charitable works have earned him respect in the crypto space worldwide.
Legal Breaching
In 2022, Arthur Hayes was faced with the biggest shock of his life when he breached a U.S. Act, which didn’t go unnoticed. The American Department of Justice charged Hayes with violating the United States Bank Secrecy Act. After several court trials, Hayes pleaded guilty and was sentenced to six months of house arrest, two years of probation, and a $10 million fine.
Before this time, Arthur Hayes’ net worth was close to $1 billion, so clearly, he lost way more than $10 million to the lawsuit. Luckily for him, though, he is currently a free man residing in Hong Kong, where he can adequately focus on improving BitMEX and boosting his already huge million-dollar net worth.
Conclusion
Arthur Hayes, the co-founder and former C.E.O. of BitMEX, has significantly impacted the crypto industry. As of 2024, his net worth is speculated to be around $500 million, despite facing legal challenges and stepping down from his role at BitMEX. Hayes has maintained a considerable fortune, primarily attributed to the success of BitMEX before his departure.
