Do Kwon, the founder of the now-infamous Terra blockchain, didn’t start his career in the tech industry. Instead, he began as a software engineer at various companies, honing his skills in the world of coding. His first significant role was at Microsoft, where he worked on the Bing search engine. However, it was his move to a small blockchain startup, Annex, that sparked his interest in the cryptocurrency world.

After gaining experience at Annex, Do Kwon decided to venture out on his own. In 2018, he founded Terra, a blockchain project designed to create a stable cryptocurrency. The project gained traction due to its unique model, which used a system of algorithmic stablecoins. This innovative approach attracted significant investment, and Terra’s market capitalization grew rapidly, making Do Kwon a well-known figure in the crypto community.

Do Kwon’s Current Net Worth (2025)

As of 2025, Do Kwon’s estimated net worth is approximately $1.5 billion, according to Forbes. This significant wealth is primarily attributed to his successful cryptocurrency venture, Terraform Labs.

Do Kwon’s Career

Do Kwon, a South Korean entrepreneur, is best known for founding Terraform Labs in 2018. He served as the CEO of the company, which developed the Terra blockchain and its native cryptocurrencies, Luna and TerraUSD (UST). Kwon’s innovative approach to stablecoin creation and his vision for a decentralized financial ecosystem garnered significant attention and investment in the crypto industry.

Other Ventures

Before Terraform Labs, Kwon worked as a software engineer at various companies, including Microsoft and Apple. He also co-founded a mobile gaming startup, which he later left to pursue his interest in blockchain technology. In addition to Terraform Labs, Kwon has invested in and advised several other crypto startups, demonstrating his commitment to the industry’s growth.

Assets

As of 2025, Do Kwon’s assets primarily consist of his stake in Terraform Labs and his cryptocurrency holdings, including Luna and UST. He also owns a significant portion of the company’s intellectual property, including patents and trademarks related to the Terra blockchain. Kwon’s real estate holdings are relatively modest, consisting of a few properties in South Korea and the United States.

Annual Income

Do Kwon’s annual income varies significantly from year to year, primarily due to the volatile nature of the cryptocurrency market. In 2021, his income was estimated to be around $400 million, primarily from the appreciation of Luna’s value and his stake in Terraform Labs. However, in 2022, following the collapse of UST and Luna, Kwon’s annual income significantly decreased, and his net worth was estimated to have dropped by over 90%.

Frequently Asked Questions about  Do Kwon

Frequently Asked Questions: Do Kwon Net Worth

1. What is Do Kwon’s net worth?

Do Kwon’s net worth is estimated to be around $200 million.

2. How did Do Kwon make his fortune?

Do Kwon made his fortune primarily through his involvement in the cryptocurrency industry. He is the founder of Terraform Labs, the company behind the Terra blockchain and its native cryptocurrency, Luna.

3. What is Luna and how is it related to Do Kwon’s net worth?

Luna is a cryptocurrency that was used to stabilize the price of another cryptocurrency, TerraUSD (UST), on the Terra blockchain. The value of Luna increased significantly in 2021 and early 2022, contributing to Do Kwon’s net worth. However, its value crashed in May 2022, leading to a significant loss in Kwon’s wealth.

4. What happened to Luna and TerraUSD in May 2022?

In May 2022, TerraUSD (UST) lost its peg to the U.S. dollar, leading to a massive sell-off. This caused the price of Luna, which was used to stabilize UST, to crash to zero. The Terra blockchain and its associated cryptocurrencies, including Luna and UST, effectively collapsed.

5. How has the collapse of Luna affected Do Kwon’s net worth?

The collapse of Luna has significantly impacted Do Kwon’s net worth. While his exact net worth after the crash is not known, it is estimated to have decreased substantially from its peak.

6. What is Do Kwon’s background?

Do Kwon was born in South Korea and studied computer science at Stanford University. He previously worked at companies like Microsoft and Apple before founding Terraform Labs in 2018.

7. What is Terraform Labs?

Terraform Labs is a South Korean company that developed the Terra blockchain and its associated cryptocurrencies, Luna and TerraUSD (UST). The company aimed to create a blockchain ecosystem that could support stablecoins and facilitate their use in real-world transactions.

8. What is Do Kwon’s role at Terraform Labs?

Do Kwon serves as the CEO of Terraform Labs. He is responsible for the strategic direction and overall management of the company.

9. What is Do Kwon’s vision for the future of cryptocurrency?

Do Kwon has expressed a vision for cryptocurrency to become a widely used medium of exchange, rather than just a store of value. He believes that stablecoins, like TerraUSD, can play a crucial role in achieving this goal.

10. What is Do Kwon’s response to the TerraUSD and Luna collapse?

After the collapse of TerraUSD and Luna, Do Kwon has expressed a commitment to rebuilding the Terra ecosystem and making it more resilient. He has also acknowledged the need for greater transparency and accountability in the cryptocurrency industry.