Glauber Contessoto is a crypto trader who rose to fame as a Dogecoin millionaire. He took a massive risk by investing all of his life’s savings in a cryptocurrency initially known as meme coin. The 33-year old crypto enthusiast put everything at stake but soon got remunerated as Dogecoin’s worth increased during the first half of 2021.
What Is Galuber Contessoto’s Net Worth?
Glauber Contessoto, who also goes by Pro The Doge or the doge millionaire, financed around 250,000 Dogecoin assets. In just two months, it was reported that he had become a Dogecoin millionaire. His net worth continued escalating as Dogecoin grew, eventually hitting a 300% rise in its value in April. However, Contessoto had recently lost $167,000 in a day when Dogecoin faced a massive drop in its value.
How Was Glauber Contessoto’s Early life Like?
Mr. Contessoto, legally named Jaysn Prolifiq, was born in Brazil. He flew to the United States at the age of 6 with his family and resided in Suburban, Maryland. As a child, he saw his parents struggling to make ends meet. This financial instability became his driving force to become wealthy and successful. As a teenager, he developed a strong liking for hip-hop music and decided to pursue his career in this direction after school.
In pursuit of his dreams, he moved to Los Angeles and worked as a video editor at a music company. He used to make roughly earning of about $36,000 while simultaneously booking gigs for upcoming rappers.
How Did He End Up Becoming A Dogecoin Millionaire?
Life in Loa Angeles was not easy for the Dogecoin millionaire. He worked twice his strength to have a place of his own. However, he had to do a lot of couch surfing for several years as buying an estate in Los Angeles is pretty expensive. So in 2019, he started investing in renowned companies like Uber and Tesla on Robinhood, which is a commission-free trading app. While casually browsing Reddit, a post about Dogecoin attracted his attention. However, he was familiar with cryptocurrency but was highly fascinated with its marketing strategy.
In an interview, he said that many of his friends tried to talk him out of it. They thought he was risking too much by investing in this joke coin. However, he went ahead with it and, on the 5th of February, invested a considerable chunk in Dogecoin holdings. Soon, it was announced that he had become a millionaire.
What Does He Hope For the Future?
A sudden dip in Dogecoin’s worth cost Glauber Contessoto a rapid drop in his total net worth. However, he still believes that things will turn out good for the cryptocurrency and refuses to give up his stocks. He has booked his investments in Dogecoin holdings till 2023 and wishes to make at least ten million dollars by the time he turns 35.
Is He Still Working At The Music Company?
He no longer works at the music company in Los Angeles. Instead, he earns a fair amount by selling merchandise on his website. However, he is looking forward to growing his brand online.