Winklevoss Twins Are Now Bitcoin Billionaires

Tyler and Cameron Winklevoss—the brothers who tried and failed to gain control of Facebook after alleging that it had been appropriated from them—have rebounded big-time.

The Winklevoss twins own one of the largest portfolios of Bitcoin in the world—and recent surges in the digital currency’s value have put the value of that portfolio at over $1 billion. That’s an impressive return on an $11 million investment just four years ago.

The brothers have reportedly not sold a single one of their Bitcoins, sitting on them and watching them accrue value. And it’s been a stunning thing to witness: when the Winklevoss’s invested in Bitcoins, the currency was trading at just $120. As of Monday morning, a single Bitcoin’s value was $11,247, according to Coindesk.

That investment money came from the $65 million the brothers’ won in a lawsuit against Facebook in 2011. The brothers had claimed Mark Zuckerberg stole their idea for a social network while all three were undergraduate students at Harvard, a fight that was featured in the film aptly titled The Social Network.

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SOURCE: Fortune, Chris Morris