Justin Sun: Who is the billionaire who spent nearly 160 billion to buy a banana to stick on the wall?

Justin Sun is the founder of the cryptocurrency TRON. He is also known in the art world as a big-spending collector. The Chinese-born billionaire is considered to have great influence in the cryptocurrency industry, although his career has been controversial.

Justin Sun beat out six other bidders at a Sotheby's auction in New York to win $6.2 million for "Comedian," a 2019 installation of bananas taped to a wall by Maurizio Cattelan.

After winning, billionaire Justin Sun received the banana, a roll of tape, a signed certificate from the artist, and instructions to replace the banana whenever the old one broke. The billionaire's decision sparked a discussion in the art and cryptocurrency worlds.

The Chinese-born billionaire shared on X: "I have just successfully purchased the iconic Comedian by artist Maurizio Cattelan, for $6.2 million. In the coming days, I will eat the banana as part of this unique art experience, to honor its place in the history of art and culture."

According to Cryptonomist, billionaire Justin Sun's purchase of Comedian is no coincidence. In an article posted on X that attracted 1.2 million views, the billionaire considered the banana wall art "a cultural phenomenon that connects art, 'memes' and the cryptocurrency community". Meanwhile, Crypto News Flash commented that Justin Sun's actions not only strengthen his own image but also emphasize that cryptocurrencies are playing a role as a tool to participate in traditional markets.

In fact, the "banana on the wall" work was vandalized during its exhibition. Specifically, in 2019, artist David Datuna removed the banana from the wall and ate it, just minutes after the work was sold for $ 120,000 at the Art Basel exhibition center. The artist called it a "hungry artist" performance at the time. The Art Basel exhibition center also did not ask David Datuna for compensation and said that the banana was "just an idea", and the value of the work was on the certificate.

In May 2023, at the Leeum Museum of Art (Seoul, South Korea), a student took down a banana, ate it, and then glued the peel back. When asked by museum staff to explain, the student replied that he had "skipped breakfast and was too hungry." The student also added that destroying modern art can be considered a form of art.

Who is the billionaire who spent nearly 158 billion VND to buy a banana?

The news of the person who paid $6.2 million to own the "banana on the wall" artwork quickly attracted the attention of the media and public. This person is Justin Sun, 34 years old, a Chinese citizen. Mr. Sun beat 6 other bidders to buy this artwork, at a price 4 times higher than expected. According to initial information, Justin Sun, known as the "cryptocurrency tycoon", will pay the auction fee in cryptocurrency.

Justin Sun was born and raised in Qingdao, China. He graduated from Peking University, one of the most prestigious universities in China. He then studied for a master's degree at the University of Pennsylvania, USA. While studying there, Sun learned about Bitcoin and invested in cryptocurrencies.

In 2015, Justin Sun was honored by CNTV as the most notable new entrepreneur of the year. For the next three consecutive years, 2015, 2016 and 2017, Forbes added Justin Sun to its Top 30 Under 30 list. Justin Sun is also the founder of TRON cryptocurrency, which has a great influence on the cryptocurrency market. In 2023, this businessman was sued by the US Securities and Exchange Commission for inflating the price of TRON. However, Sun denied all allegations.

In addition to his passion for cryptocurrencies, Justin Sun is also known as an art collector and a big spender. Specifically, one of the most notable events was when this businessman won an auction to have dinner with "investment legend" Warren Buffett in 2019. This event caused some controversy, because Justin Sun had to postpone this dinner many times and at the same time there were some problems related to the way it was organized. Finally, Justin Sun had the opportunity to have dinner with the famous billionaire in February 2020, with the auction amount up to 4.6 million USD.

Justin Sun often participates in international events and conferences on cryptocurrency. According to international media, the Chinese billionaire is an ambitious person and has great influence in the cryptocurrency industry. According to Forbes, Justin Sun's current assets are estimated at about 1.4 billion USD.

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