Computer programming can have deep pockets, a fact that has become evident with the advent of the Silk Road website. Widely known as “Dread Pirate Roberts”, the mastermind Ross Ulbricht is under conviction since 2013 in the United States Penitentiary. However, the world is in awe of his idea of Online dark market and the luxury he secured from it. Let’s know more about Ross Ulbricht’s net worth in 2019.
Ross William Ulbricht was born on March 27, 1984 in Austin, Texas, U.S where he was brought up as well. He graduated from Westlake High School in 2002. He secured his bachelors degree in physics from the University of Texas at Dallas in 2006. He was interested in studying crystallography, so it took him to attend a master’s degree in material science and engineering from Pennsylvania State University. Ross Ulbricht grew an interest in libertarian economic theory soon after his masters. He attended and took part in college debates to share his views and ideas on economics. He supported the political philosophy of Ludwig von Mises and also adhered particularly to Ron Paul.
Ross Ulbricht was not satisfied with monotonous work after University. He wanted to do something big and tried to start up his own business. He tried his luck in video games and day trading to become an entrepreneur, but the initial days of his attempts left him discontent and depressed.
According to his mother, his LinkedIn profile stated “I am creating an economic simulation to give people a first-hand experience of what it would be like to live in a world without the systemic use of force”. His game was a huge platform for multi-players in role-playing. He later built “Good Wagon Books”, an online based book seller in collaboration with his friend Donny Palmertree.
Ross Ulbricht had an on-and-off love affair, which after breaking up, in addition to his limited resources for a business led to the downfall of his career. How Ross Ulbricht went on to start “The Silk Road” after that is an interesting story. He had long been pondering and planning over his darknet market idea. In 2010, parallel to his “Good wagon Books”, he was working on his project of Silk Road. It is said that he may be referring to Silk road in his LinkedIn profile earlier before commencing his plan. The Silk road used Tor and Bitcoins to maintain anonymity and avoid law authorities.
Ross Ulbricht sneakily used the name “Dread Pirate Roberts” to login into the Silk road market place and is said to be the only one using the account. “Dread Pirate Roberts” was the name of a fictional character taken from “The Princess Bride”. Silk Road was launched in 2011, as an online marketplace to illegally purchase drugs, guns and murderers on hire. Ross Ulbricht had swiftly done everything until his open laptop was caught, exposing him as the mastermind behind it.
Achievements and Conviction
Silk Road was an inspiration taken from “Alongside Night”, according to “Dread Pirate Roberts” aka Ross Ulbricht. It was a first ever modern darknet market place, which users could browse anonymously.
FBI arrested Ross Ulbricht on the charges of being the pseudonymous owner of this criminal website in October, 2013 and shut it down. On 29 May, 2015, he was granted lifetime imprisonment without the possibility of a release.
Net Worth of Ross Ulbricht
With the help of the market place primarily run by Bitcoins, Ross Ulbricht collected 144,000 bitcoins each of $180 at the time of his arrest. It made him a net worth of around $30 Million. After his conviction, FBI sold his entire Bitcoin account for $48 million. If Ross Ulbricht was never arrested his collection of 144,000 bitcoins as of today, make roughly $2.2 Billion.
Ross Ulbricht earned a plethora of riches through his creatively criminal idea, but it got him nothing as he is currently a resident of the federal prison in Colorado and is perhaps going to be there for his entire life without the possibility of parole.