19-Year-Old Ukrainian Politician Owns 185,000 Monero (XMR), Bought In 2015

[Kunnu]

I have seen by now that most politicians are of rich background so probably this person belongs to a wealthy background that's why he could able to buy the huge amount of xmr at that time currently the worth of these xmr is around 26 million, interesting. Now this is called perfect investment return.

[Zackgeno96]

Ukrainian Kramatorsk Rostislav Solod, 19-year-old a member of the city council in the town of Kramatorsk, in eastern Ukraine, has reported owning 185.000 Monero (XMR).
How does he have so much money?
Because:
His parents, Yuri Solod and Natalia Korolevska, are members of the national parliament of Ukraine.

Source: https://azcoinnews.com/rostislav-solod-19-year-old-ukrainian-politician-owns-185000-monero-xmr-bought-in-2015.html

It is a big money for sure if he is still holding it and he was unable to dispose the said amount as monero as of this moment is sitting at $100 plus, while the cost of monero at that time is only under $1.

He maybe young but what he was done is pretty nice move, if he consider it as his saving at the time he bought it then he is now earning so much from his saving. Many people are regretting that they were not able to buy the top currencies in the past where their price is pretty low and I am one of them.

[Galley]

Ukrainian Kramatorsk Rostislav Solod, 19-year-old a member of the city council in the town of Kramatorsk, in eastern Ukraine, has reported owning 185.000 Monero (XMR).
How does he have so much money?
Because:
His parents, Yuri Solod and Natalia Korolevska, are members of the national parliament of Ukraine.

Source: https://azcoinnews.com/rostislav-solod-19-year-old-ukrainian-politician-owns-185000-monero-xmr-bought-in-2015.html

No wonder here.  AFAIK, his parents are corrupted billionaires and declaring cryptocurrencies by their relatives is  a typical money laundering scheme they use. 185K XMR bought in 2015? He was 14 years old school boy back in 2015. Probably skimped on school breakfasts to buy himself crypto . 

I find it funny to read what they wrote above about what a brave guy he is. You have written correctly that at the age of 14 he could not manage such money himself. Where did he get them? At this time, there was a hot phase of hostilities in the east of Ukraine, and the parents are really millionaires - the corrupt officials may have been preparing their escape routes because the redistribution of business was in full swing. And they are from those places. At one time, many enterprises were robbed and ruined. I would not be surprised if a 19-year-old deputy also declares bitcoin next year, which he bought at the age of 10, saving on breakfast). The deputy at least studied somewhere.

[nikola22]

many ukraininan politicians hold cryptocurrency and Rostislav Solod is no exception. other question how did they earn money to buy such big amounts of cryptocurrency and local anti-corruption agencies should give an answer.

[2double0]

The price of monero at that time was around 50 cents and that means he has spent 92k USD to buy monero. If he was from the rich family and it will be easy money for him to brough a lot of monero at that time. Im not feeling surprised to see he was able to bought a lot of monero at that time.
His investment has become multi million dollars. He's so lucky.

How about mining them? i think its cheaper to get them by mining at that time. However the way he get the coins, his decision so lucky.

Exactly my thought. He must have mined them as it was very easy to mine XMR in 2015 than today. But how can a user of XMR be traced? How can he be known of owning such a big amount of money when this coin can easily hide his money for ages? However, the number is eye-catching and alarming that a politician bought crypto at times when it was not even legalized or regulated! And where did that money come from?

[Fivestar4everMVP]

Ukrainian Kramatorsk Rostislav Solod, 19-year-old a member of the city council in the town of Kramatorsk, in eastern Ukraine, has reported owning 185.000 Monero (XMR).
How does he have so much money?
Because:
His parents, Yuri Solod and Natalia Korolevska, are members of the national parliament of Ukraine.

Source: https://azcoinnews.com/rostislav-solod-19-year-old-ukrainian-politician-owns-185000-monero-xmr-bought-in-2015.html

since 2015 and then he was not up to 19 years and he was wise enough to invest his money on something that will be beneficial for him in future, now he must be proud of himself for making such a wise decision and for keeping them till now without being tempted to sell because am sure many adults who bought during that period have sold 

Well, this is exactly the scenario that confirms that the rich Wil keep getting richer, according to the story above, I believe the boy is from a very wealthy home and the money he used to buy monero back then might be his pocket money for the week or even half of it, which doesn't affect him in any way, and for him leaving it till now means he had enough to spend all along.

But imagine this was bought by a poor or middle class guy, he would have sold it a long time ago to get he's money back especially when he runs out of cash and theres already a good profit on that investment.

[tabas]

The price of monero at that time was around 50 cents and that means he has spent 92k USD to buy monero. If he was from the rich family and it will be easy money for him to brough a lot of monero at that time. Im not feeling surprised to see he was able to bought a lot of monero at that time.
His investment has become multi million dollars. He's so lucky.

That's a very sweet profit for him if he decides to sell it any moment from now.

many ukraininan politicians hold cryptocurrency and Rostislav Solod is no exception. other question how did they earn money to buy such big amounts of cryptocurrency and local anti-corruption agencies should give an answer.

Are you sure that other politicians are also in crypto investments? if that is so then Ukrainian politicians understand more about cryptocurrencies than other countries.

[sapnu]

He's very young, but he's smart as a politician. Now he's also a millionaire.
We do not know how the Ukrainian government works, but fighting the corruption should be universal.
It's a problem that affects the economy of any country in the world.

At a very young age, he managed to foresee that buying some tokens can make him millionaire because what is the reason for him buying it on that year seeing that the price is cheap ang maybe the volume at that time is not high. Imagine how much money he gained after buying a token in such a low price. It is really such a good time to learn some trading and holding it for a long term and wait for the price to pump up.

[gwdf1]

Probably many high-ranking officials have hidden crypto income, but none of them will put them on public display. And this applies not only to this story, in many countries of the world there is a similar practice. Such earnings are easy to hide and hard to believe.

[MishaSER]

Probably many high-ranking officials have hidden crypto income, but none of them will put them on public display. And this applies not only to this story, in many countries of the world there is a similar practice. Such earnings are easy to hide and hard to believe.

Well, this is actually not a large amount, at the time of purchase, about $ 75 thousand was spent. Of course, now the rate has grown and this is a fortune, but that's another story.

[Febo]

People say  Monero is  the flat-out untraceable coin. Why did he made those 185K XMR public? In my view he steps out either to cover up the future corruption schemes or he didn't believe into full privacy of Monero transaction. Is there any other reasoning?

He made them public because politicians have to declare their wealth. So everyone knows how much wealth they have when they started their position and how much they have at the end. That is a very normal thing in Europe. You dont need to be politician. Being one is a voluntary thing.  If you dont want to disclosure your wealth you simply dont be one.   

[zeingrind777]

Wow. Within five years, he had earned a multimillion-dollar investment. In fact, in 2015, Monero prices were very cheap. I am in awe of it, and I hope that the coins I hold today will be a great investment in the future too.

[bearexin]

Ukrainian Kramatorsk Rostislav Solod, 19-year-old a member of the city council in the town of Kramatorsk, in eastern Ukraine, has reported owning 185.000 Monero (XMR).
How does he have so much money?

I don’t see why I should he surprised by this, it’s clearly there that his parents are politicians, and he’s also a politician, so for sure he has the money to buy as much as he wants. There might even be so many other politicians that will be buying cryptocurrency but prefers to be doing it low-key so that nobody will know about it. Never trust these politicians, they can do anything lol, they will even tell you that it is bad and illegal and still go for it.

The price of monero at that time was around 50 cents and that means he has spent 92k USD to buy monero. If he was from the rich family and it will be easy money for him to brough a lot of monero at that time. Im not feeling surprised to see he was able to bought a lot of monero at that time.
His investment has become multi million dollars. He's so lucky.

Yes true, that’s worth a lot of money , with the current price it is worth more than a twenty million dollars. The market is still bullish , before the end of December that 185,000 Monero will likely be worth even extra money.

[Josefjix]

Probably many high-ranking officials have hidden crypto income, but none of them will put them on public display. And this applies not only to this story, in many countries of the world there is a similar practice. Such earnings are easy to hide and hard to believe.

Well, this is actually not a large amount, at the time of purchase, about $ 75 thousand was spent. Of course, now the rate has grown and this is a fortune, but that's another story.

Considering his age and span of 5 years the $75k spent is a huge money waging into million of investment within the 5 years is another achieved milestone. That $75k is enough money to start a life and expand yourself in 3rd world countries.

[tvplus006]

Ukrainian Kramatorsk Rostislav Solod, 19-year-old a member of the city council in the town of Kramatorsk, in eastern Ukraine, has reported owning 185.000 Monero (XMR).
How does he have so much money?
Because:
His parents, Yuri Solod and Natalia Korolevska, are members of the national parliament of Ukraine.

Source: https://azcoinnews.com/rostislav-solod-19-year-old-ukrainian-politician-owns-185000-monero-xmr-bought-in-2015.html

No wonder here.  AFAIK, his parents are corrupted billionaires and declaring cryptocurrencies by their relatives is  a typical money laundering scheme they use. 185K XMR bought in 2015? He was 14 years old school boy back in 2015. Probably skimped on school breakfasts to buy himself crypto . 

I am surprised by the reports that praise the entrepreneurial spirit of this teenager. This is the only correct answer in this entire thread. A 14-year-old can't have 100 thousand dollars that they can properly invest at that age. In this way, the income that was obtained criminally by his parents is legalized.

[Yudhisthir]

Or maybe he bought the coins very cheap.
But most probably it's a corruption money from his parents. Ukraine has been quite famous worldwide for it's political corruption and how ex-presidents made that country poorer each day. And the choice of currency Monero seems the buyers were interested in keeping that money secret and probably their spoiled child boasted about that when drunk.

[YOSHIE]

How does he have so much money?

I don't want to name a specific member of parliament in my country, but the same thing happens, like a member of parliament in Ukraine, however, the parliament I mean does not buy a christmas gift for his son with Monero, but he does gift his son 10 YFII DFI.Money, Is this a Christmas gift, no, only the guilty members wasted a little money to get rid of traces.

Sure, Christmas will arrive soon, many of the same things will happen again like in Ukraine, not something that should be debated, it's just that at your own risk, no 11 year old child can manage 10 YFII DFI. Money, money, only....!

[Vishnu.Reang]

Let's not forget the fact that XMR was trading at $450-$500 per coin three years ago. I am not sure whether he had sold any of his coins back then. From that level, the XMR prices collapsed to $38 per coin by March 2020. But now the prices are going up once again and in my opinion he should consider selling some of his coins to fiat, or to convert a part of his stash to BTC.

[huiji2011]

14 years old，spent around $74,000 to invest in 185,000 XMR in December 2015,，this is a impossible thing for me，and he did，in addition hold until now，why he not sold XMR in 2017，this is too confusing to me.

[larus]

Its easy to have a lot of money if your parents are in politics