Alex Mashinsky Net Worth: Alex Mashinsky is a successful entrepreneur and a well-known name in the business of start-ups and unicorns.
Alex Mashinsky Biography
He was born on October 5, 1965
Alex Mashinsky was raised in USSR, a communist country at that time; he first-hand experienced the struggles faced by his parents; even though both were working, there was a constant fear of lack of food, and there were times when they would stand in long lines for food, and by the time their turn came, there would be nothing left.
Things were like this for the first seven years of his life. Things got worse when his family decided to leave the country in the 1970s and move to Isreal, where the Arab-Israel War was in full swing; they were recruiting citizens above 18 to fight in the war.
When the time came, Alex was called to duty, w here he saw and experienced unimaginable things, but he still went on and survived. While he Israel, he attended different universities; he enrolled in The Open University of Israel, where he majored in electrical engineering but sadly did not graduate.
He got a chance in the 1980s to leave Isreal; he went to New York with a few dollars in his pocket and never looked back. In higher education, Alex attended Tel Aviv University, graduated with a Bachelor of Science – BS, Economics, and went on to create an empire for himself.
Mashinsky has seen his fair share of struggles, but his hard work and determination helped him to become the person he is today.
Alex Mashinsky is happily married to his wife, Krissy Mashinsky; she is also in the blockchain and crypto business and is quite active on social media, where she posts pictures of her married life, going on family trips, dinners, and festivals.
She is a retail executive and entrepreneur who founded NYC STRONG. She is also the co-founder and CEO of usastrong.io. Apart from that, internet users also recognize her as a social media personality due to her presence and activeness.
Speaking of their love life, the couple exchanged their wedding vows in December 2011 and are going strong on their 12th year of marriage. Interestingly their romantic journey dates back to 2005, meaning they have been inseparable for almost 2 decades.
They together have six children, 3 daughters, Natalie and Makenzie Moen, and 3 sons, David; their youngest Ethan names of the other two kids are not yet revealed.
His name is floating in the headlines, not because of a new business venture or partnership but due to his resignation from his post as CEO of the bankrupt crypto lender Celsius Network. On Tuesday, September 27, 2022, Alex Mashinsky submitted an official letter of resignation to the company’s Board of Directors, stating that he will continue to help the company to bring out the best outcome for all creditors; he also regretted how much of a “distraction” his presence was as the CEO
He was responsible for a series of poor trades in early 2022, which led to the crypto lender’s downfall; Celsius was one of the major crypto lenders and also the first one to freeze user withdrawal as the markets began to crash, on June 12, 2022, after a month of silence, the firm filed for Chapter 11 bankruptcy protection, revealing a 1.2 billion dollar hole in their balance sheet.
Bankruptcy was due to hastily paying back money to various Defi loans to prevent them from getting liquidated on over $440 million; three days later, Alex Mashinsky released his resignation. The firm, however, paid back the entire loan and recovered the funds.
Since then, the company has gained permission to sell its mined Bitcoins, and they are surely running at a loss, but creditors are trying to regroup and cut their losses; there are also reports stating that Celsius has been secretly unable to pay debts ever since 2019, but Alex had made false and misleading statements to exaggerate the firm’s financial health.
He owns 8 popular companies, including Celsius Network, Transit Wireless, GroundLink, Q-Wireless, etc.
Alex Mashinsky Net Worth: How much is Alex Mashinsky worth?
Alex Mashinsky’s net worth is $50 million as of 2023
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