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'''Dadvan Ismat Yousuf Yousuf''' (born April 9, 2000) is an Iraqi ] investor and businessman whose early ] investments made him the youngest self-made ] in Switzerland.<ref>{{Cite web |last=Rossier (Fotos) |first=Kilian Marti (Text) und Philippe |date=2022-01-17 |title=Dadvan Yousuf ist der jüngste Selfmade-Milliardär im Land |url=https://www.blick.ch/wirtschaft/frueher-fluechtling-heute-superreich-dadvan-yousuf-ist-der-juengste-selfmade-milliardaer-der-schweiz-id17151361.html |access-date=2023-02-23 |website=Blick |language=de-CH}}</ref> In November 2021, Yousuf was included in the ] list.<ref>{{Cite web |date=2021-11-23 |title=Dadvan Yousuf |url=https://www.forbes.at/artikel/dadvan-yousuf.html |access-date=2023-08-10 |website=Forbes |language=de}}</ref> Yousuf and his companies have been the subject of a number of investigations into financial impropriety.<ref>{{Cite web |last=swissinfo.ch/mga |date=2022-05-20 |title=Refugee 'crypto millionaire' faces Swiss money laundering probe |url=https://www.swissinfo.ch/eng/business/refugee--crypto-millionaire--faces-swiss-money-laundering-probe/47611026 |access-date=2023-08-17 |website=SWI swissinfo.ch |language=en}}</ref><ref>{{Cite web |date=2023-05-10 |title=Krypto-«King» - Strafuntersuchung gegen Dadvan Yousuf |url=https://www.srf.ch/news/wirtschaft/krypto-king-strafuntersuchung-gegen-dadvan-yousuf |access-date=2023-12-11 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref><ref>{{Cite web |date=2023-05-10 |title=Strafverfahren gegen Dadvan Yousuf – 23-jähriger Berner Krypto-millionär soll Anleger getäuscht haben |url=https://www.tagesanzeiger.ch/23-jaehriger-berner-kryptomillionaer-soll-anleger-getaeuscht-haben-428709352171 |access-date=2023-12-11 |website=Tages-Anzeiger |language=de}}</ref> '''Dadvan Ismat Yousuf Yousuf''' (born April 9, 2000) is an Iraqi ] investor and businessman whose early ] investments made him the youngest self-made ] in Switzerland.<ref>{{Cite web |last=Rossier (Fotos) |first=Kilian Marti (Text) und Philippe |date=2022-01-17 |title=Dadvan Yousuf ist der jüngste Selfmade-Milliardär im Land |url=https://www.blick.ch/wirtschaft/frueher-fluechtling-heute-superreich-dadvan-yousuf-ist-der-juengste-selfmade-milliardaer-der-schweiz-id17151361.html |access-date=2023-02-23 |website=Blick |language=de-CH}}</ref> In November 2021, Yousuf was included in the ] list.<ref>{{Cite web |date=2021-11-23 |title=Dadvan Yousuf |url=https://www.forbes.at/artikel/dadvan-yousuf.html |access-date=2023-08-10 |website=Forbes |language=de}}</ref> Yousuf and his companies have been the subject of a number of investigations into financial impropriety.<ref>{{Cite web |last=swissinfo.ch/mga |date=2022-05-20 |title=Refugee 'crypto millionaire' faces Swiss money laundering probe |url=https://www.swissinfo.ch/eng/business/refugee--crypto-millionaire--faces-swiss-money-laundering-probe/47611026 |access-date=2023-08-17 |website=SWI swissinfo.ch |language=en}}</ref><ref>{{Cite web |date=2023-05-10 |title=Krypto-«King» - Strafuntersuchung gegen Dadvan Yousuf |url=https://www.srf.ch/news/wirtschaft/krypto-king-strafuntersuchung-gegen-dadvan-yousuf |access-date=2023-12-11 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref>


== Early life == == Early life ==
Yousuf was born in ], ] on April 9, 2000.<ref>{{Citation |title=Money Maker: Folge 3: Dadvan Yousuf – Kryptomillionär mit 17 (S01/E03) {{!}} ARD Mediathek |url=https://www.ardmediathek.de/video/money-maker/folge-3-dadvan-yousuf-kryptomillionaer-mit-17-s01-e03/das-erste/Y3JpZDovL21kci5kZS9iZWl0cmFnL2Ntcy81NDA2MGJkMC04M2M4LTRjMDgtOWM5Mi0zMzFiNGFlNzNhNzM |language=de |access-date=2023-02-23}}</ref> His father was part of the ] and fled the country to Switzerland before Yousuf was born. Three years later his mother left the country, together with her three sons.<ref name=":1">{{Cite web|title=Crypto-succès suisse – A 21 ans, l'ancien réfugié est devenu millionnaire grâce au Bitcoin|url=https://www.24heures.ch/grace-au-bitcoin-lancien-refugie-est-devenu-millionnaire-993759838489|access-date=2021-04-29|website=24 heures|date=21 April 2021 |language=fr}}</ref> They arrived in Neuenburg, Switzerland, in 2003 where his father had relocated.<ref name=":0">{{Cite web|title=Vom Flüchtling zum Millionär – Er tauschte seine Spielsachen gegen Bitcoins|url=https://www.derbund.ch/er-tauschte-seine-spielsachen-gegen-bitcoins-211737471906|access-date=2021-04-29|website=Der Bund|date=2 April 2021 |language=de}}</ref><ref name=":2">{{Cite web|date=2021-04-18|title=Svizzera, la favola di Dadvan, il giovane rifugiato curdo diventato milionario grazie ai Pokémon venduti a cambio di Bitcoin|url=https://www.repubblica.it/esteri/2021/04/18/news/svizzera_la_favola_di_dadvan_il_giovane_rifugiato_curdo_diventato_milionario_grazie_ai_pokemon_venduti_a_cambio_di_bitcoin-296997585/|access-date=2021-04-29|website=la Repubblica|language=it}}</ref> In 2004, the family was granted refugee status and moved to Ipsach. Yousuf has five younger siblings who were born in Switzerland.<ref name=":3">{{Cite news|last=Tanner (Bilder)|first=Martin Beglinger (Text), Simon|title=Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär|url=https://www.nzz.ch/gesellschaft/der-zauberlehrling-ld.1633078|access-date=2021-07-15|website=Neue Zürcher Zeitung|date=7 July 2021 |language=de}}</ref> In his early years, he showed a interest in the field of finance, particularly on ] and international money transfers.<ref>{{Cite news |last=Beglinger (Text) |first=Martin |date=2021-07-07 |title=Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär |language=de-CH |work=Neue Zürcher Zeitung |url=https://www.nzz.ch/gesellschaft/der-zauberlehrling-ld.1633078 |access-date=2023-12-11 |issn=0376-6829}}</ref> Yousuf was born in ], ] on April 9, 2000.<ref name=":0">{{Cite news |last=Beglinger (Text) |first=Martin |date=2021-07-07 |title=Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär |url=https://www.nzz.ch/gesellschaft/der-zauberlehrling-ld.1633078 |access-date=2024-07-26 |work=Neue Zürcher Zeitung |language=de-CH |issn=0376-6829}}</ref> His father was part of the ] and fled the country to Switzerland before Yousuf was born.<ref name=":1">{{Cite news |last=Beglinger (text) |first=Martin |date=2021-07-14 |title=Kurdish refugee buys bitcoins as child, is now multimillionaire |url=https://www.nzz.ch/english/kurdish-refugee-buys-bitcoins-as-child-is-now-multimillionaire-ld.1634923 |access-date=2024-07-26 |work=Neue Zürcher Zeitung |language=de-CH |issn=0376-6829}}</ref><ref>{{Cite web |date=2024-02-10 |title=دبي توفر بيئة تشريعية وتنظيمية متطورة لاستقطاب منصات تداول الأصول الافتراضية العالمية |url=https://www.emaratalyoum.com/business/local/2024-02-10-1.1825517 |access-date=2024-07-26 |website=www.emaratalyoum.com |language=ar}}</ref> Three years later his mother left the country, together with her three sons.<ref>{{Cite web |date=2021-04-21 |title=A 21 ans, l’ancien réfugié est devenu millionnaire grâce au Bitcoin |url=https://www.24heures.ch/grace-au-bitcoin-lancien-refugie-est-devenu-millionnaire-993759838489 |access-date=2024-07-26 |website=24 heures |language=fr}}</ref> They arrived in Neuenburg, Switzerland, in 2003 where his father had relocated.<ref>{{Cite web |date=2021-09-11 |title=Kryptowährung: Dadvan Yousuf ist 21 Jahre alt und Multimillionär |url=https://www.aargauerzeitung.ch/leben/tv-talk-dieser-21-jaehrige-hat-mit-digitalem-geld-bereits-millionen-verdient-so-will-er-jetzt-die-welt-veraendern-ld.2184688 |access-date=2024-07-26 |website=Aargauer Zeitung |language=de}}</ref> In 2004, the family was granted refugee status and moved to Ipsach.<ref>{{Cite web |date=2021-04-18 |title=Svizzera, la favola di Dadvan, il giovane rifugiato curdo diventato milionario grazie ai Pokemon venduti a cambio di Bitcoin |url=https://www.repubblica.it/esteri/2021/04/18/news/svizzera_la_favola_di_dadvan_il_giovane_rifugiato_curdo_diventato_milionario_grazie_ai_pokemon_venduti_a_cambio_di_bitcoin-296997585/ |access-date=2024-07-26 |website=la Repubblica |language=it}}</ref> Yousuf has five younger siblings who were born in Switzerland.<ref>{{Cite web |title=Investe in Bitcoin a 11 anni: storia di un milionario - Punto-Informatico.it |url=https://www.punto-informatico.it/pokemon-bitcoin-storia-milionario/ |access-date=2024-07-26 |website=www.punto-informatico.it}}</ref> In his early years, he showed a interest in the field of finance, particularly on ] and international money transfers.<ref>{{Cite web |date=2021-05-12 |title=La storia del bambino curdo diventato milionario grazie ai Pokemon venduti in cambio di Bitcoin |url=https://www.quotedbusiness.com/thm-8-moneta-mercati/paese-10-svizzera/art-7442-il-bambino-curdo-diventato-ricco-con-i-pokemon-venduti-in-cambio-di-bitcoin |access-date=2024-07-26 |website=quoted business |language=it}}</ref>


== Career == == Career ==
At the age of 11, Yousuf sold some of his toys to acquire funds to invest in ].<ref name=":0" /> With this initial investment, he purchased 10 Bitcoins at a price of €15 and continued to trade in the cryptocurrency.<ref name=":1" /> In 2012, he acquired 1000 Bitcoins at a rate of €11,126.<ref name=":2" /> In 2016, Yousuf invested in ], buying 16,000 units at a total cost of €134,000.<ref name=":3" /> Yousuf became a multi-millionaire through his cryptocurrency trades,<ref name=":0" /> and is considered the youngest Swiss self-made millionaire.<ref>{{Cite web|last=Ritter|first=Pascal|date=2021-11-08|title=Mit Bitcoin aus der Armut: "Ich bin eine wandelnde Provokation" – der jüngste Schweizer Selfmade-Millionär im Interview|url=https://www.luzernerzeitung.ch/international/maerchenkarriere-mit-bitcoin-aus-der-armut-ich-bin-eine-wandelnde-provokation-der-juengste-schweizer-selfmade-millionaer-im-interview-ld.2210641?reduced=true|url-status=live|access-date=|website=]|language=German|archive-url=https://web.archive.org/web/20211108043800/https://www.luzernerzeitung.ch/international/maerchenkarriere-mit-bitcoin-aus-der-armut-ich-bin-eine-wandelnde-provokation-der-juengste-schweizer-selfmade-millionaer-im-interview-ld.2210641?reduced=true |archive-date=2021-11-08 }}</ref> At the age of 11, Yousuf sold some of his toys to acquire funds to invest in ].<ref name=":2">{{Cite web |date=2021-04-02 |title=Er tauschte seine Spielsachen gegen Bitcoins |url=https://www.derbund.ch/er-tauschte-seine-spielsachen-gegen-bitcoins-211737471906 |access-date=2024-07-26 |website=Der Bund |language=de}}</ref> With this initial investment, he purchased 10 Bitcoins at a price of €15 and continued to trade in the cryptocurrency.<ref>{{Cite web |date=2022-01-15 |title=Vom Geflüchteten zum Multimillionär: die Geschichte von Dadvan Yousuf |url=https://www.fr.de/wirtschaft/kryptowaehrung-bitcoin-dadvan-yousuf-schweiz-millionaer-nordirak-flucht-91236993.html |access-date=2024-07-26 |website=www.fr.de |language=de}}</ref><ref name=":1" /> In 2012, he acquired 1000 Bitcoins at a rate of €11,126.<ref>{{Cite web |last=Ritter |first=Pascal |date=2021-11-08 |title=Dadvan Yousuf (21): Vom Flüchtlingskind zum Bitcoin-Millionär |url=https://www.luzernerzeitung.ch/international/maerchenkarriere-mit-bitcoin-aus-der-armut-ich-bin-eine-wandelnde-provokation-der-juengste-schweizer-selfmade-millionaer-im-interview-ld.2210641 |access-date=2024-07-26 |website=Luzerner Zeitung |language=de}}</ref> In 2016, Yousuf invested in ], buying 16,000 units at a total cost of €134,000.<ref>{{Cite web |date=2022-12-21 |title="Money Maker" – ARD-Doku über Bitcoin-Millionär Dadvan Yousuf |url=https://www.prisma.de/news/tv/Money-Maker-ARD-Doku-ueber-Bitcoin-Millionaer-Dadvan-Yousuf,42761675 |access-date=2024-07-26 |website=Prisma |language=de}}</ref> Yousuf became a multi-millionaire through his cryptocurrency trades, and is considered the youngest Swiss self-made millionaire.<ref>{{Cite web |date=2022-01-05 |title=I sold my toys to buy Bitcoin when I was 11 and now I'm a millionaire at just 21 |url=https://www.thesun.co.uk/money/17220485/bitcoin-crypto-young-sold-toys-millionaire-dadvan-yousuf/ |access-date=2024-07-26 |website=The Sun |language=en-gb}}</ref><ref name=":0" />


In 2017 he started an apprenticeship at the Eidgenössische Hochschulinstitut für Berufsbildung in Zollikofen. He finished his apprenticeship with a real estate company in Bern. Around the same time, Yousuf claims, he developed a software for automated trades in cryptocurrencies, based on an algorithm analysing data and predicting fluctuations in the future. The algorithm evaluates data stemming from technical analysis, social media, macroeconomics and public statements about cryptocurrencies.<ref>{{Cite news |last=Beglinger (text) |first=Martin |date=2021-07-14 |title=Kurdish refugee buys bitcoins as child, is now multimillionaire |language=de-CH |work=Neue Zürcher Zeitung |url=https://www.nzz.ch/english/kurdish-refugee-buys-bitcoins-as-child-is-now-multimillionaire-ld.1634923 |access-date=2023-12-19 |issn=0376-6829}}</ref> Yousuf founded the Dohrnii Foundation to oversee the development of his cryptocurrency software and tokens in early 2021.<ref>{{Cite web |last=Dobrescu |first=Petre |date=2021-04-25 |title=Cum a ajuns un refugiat irakian milionar în Elveția la 21 de ani. Era copil când și-a vândut figurinele Pokemon ca să-și cumpere Bitcoin |url=https://www.libertatea.ro/stiri/povestea-refugiatului-irakian-care-la-21-de-ani-a-ajuns-milionar-in-elvetia-la-11-ani-si-a-vandut-jucariile-ca-sa-cumpere-criptomonede-3519527 |access-date=2023-08-10 |website=Libertatea |language=ro}}</ref> In 2017 he started an apprenticeship at the Eidgenössische Hochschulinstitut für Berufsbildung in Zollikofen.<ref>{{Cite web |title=Dadvan Yousuf: Der Kryptomillionär über seine Autobiografie, die Finma und den Crash |url=https://www.handelszeitung.ch/unternehmen/dadvan-yousuf-schnell-rein-und-schnell-wieder-raus-525240 |access-date=2024-07-26 |website=Handelszeitung |language=de-CH}}</ref> He finished his apprenticeship with a real estate company in Bern.<ref>{{Cite web |date=2021-11-08 |title=Ipsach |url=https://www.tagblatt.ch/thema/ipsach |access-date=2024-07-26 |website=St. Galler Tagblatt |language=de}}</ref> Around the same time, Yousuf claims, he developed a software for automated trades in cryptocurrencies, based on an algorithm analysing data and predicting fluctuations in the future.<ref name=":2" /> The algorithm evaluates data stemming from technical analysis, social media, macroeconomics and public statements about cryptocurrencies.<ref>{{Cite web |date=2021-08-23 |title=Vom Flüchtling zum Bitcoin-Millionär |url=https://www.telezueri.ch/talktaeglich/vom-fluechtling-zum-bitcoin-millionaer-143477128 |access-date=2024-07-26 |website=TeleZüri |language=de-ch}}</ref> Yousuf founded the Dohrnii Foundation to oversee the development of his cryptocurrency software and tokens in early 2021.<ref>{{Cite web |title=Der junge Kryptomillionär Dadvan Yousuf im Interview |url=https://www.handelszeitung.ch/geld/jung-und-kryptomillionar-selbst-von-grossbanken-abgewimmelt-345421 |access-date=2024-07-26 |website=Handelszeitung |language=de-CH}}</ref>


Yousuf acquired the majority of Crowdlitoken, a Liechtenstein startup focused on enabling real estate investments through digital shares in the form of tokens, in late 2021.<ref name=":4">Michael Schäfer, Werner Grundlehner: '''', ], 12. November 2021.</ref><ref>{{Cite web |date=2021-11-12 |title=Krypto-Millionär steigt bei Crowdlitoken ein |url=https://www.finews.ch/news/finanzplatz/48739-krypto-millionaer-steigt-bei-crowdlitoken-ein |access-date=2023-12-12 |website=finews.ch |language=de-de}}</ref> Following this acquisition, he became the Chief Executive Officer and joined the company's board of directors.<ref>{{Cite news |last=Grundlehner |first=Michael Schäfer, Werner |title=Krypto-Millionär Yousuf will Immobilienanlagen revolutionieren |url=https://www.nzz.ch/finanzen/immobilien/krypto-millionaer-yousuf-will-immobilienanlagen-revolutionieren-ld.1653416?reduced=true |access-date=2021-11-15 |work=Neue Zürcher Zeitung |language=de}}</ref> Yousuf acquired the majority of Crowdlitoken,<ref>{{Cite web |last=Maeder (mae) |first=Ruedi |date=2021-11-18 |title=Crowdlitoken – Dadvan Yousuf wird aktiv, das FinTech nimmt wieder Fahrt auf |url=https://www.moneytoday.ch/news/crowdlitoken-dadvan-yousuf-wird-aktiv-das-fintech-nimmt-wieder-fahrt-auf |access-date=2024-07-26 |website=MoneyToday |language=de}}</ref> a Liechtenstein startup focused on enabling real estate investments through digital shares in the form of tokens, in late 2021.<ref>{{Cite web |date=2021-11-12 |title=Krypto-Millionär steigt bei Crowdlitoken ein |url=https://www.finews.ch/news/finanzplatz/48739-krypto-millionaer-steigt-bei-crowdlitoken-ein |access-date=2024-07-26 |website=finews.ch |language=de-de}}</ref> Following this acquisition, he became the Chief Executive Officer and joined the company's board of directors.<ref>{{Cite news |last=Gr |first=Michael Schäfer, Werner |last2=lehner |date=2021-11-11 |title=Krypto-Millionär Yousuf will Immobilienanlagen revolutionieren |url=https://www.nzz.ch/finanzen/immobilien/krypto-millionaer-yousuf-will-immobilienanlagen-revolutionieren-ld.1653416 |access-date=2024-07-26 |work=Neue Zürcher Zeitung |language=de-CH |issn=0376-6829}}</ref> Under Yousuf's leadership as CEO, Crowdlitoken acquired a commercial property in Heimberg, Switzerland, valued at approximately CHF 5.65 million,<ref>{{Cite web |last=News |first=Bitcoin Schweiz |date=2021-11-19 |title=CROWDLITOKEN erwirbt mit neuen CEO Dadvan Yousuf Immobilie – Token-Verkauf gestartet |url=https://bitcoinnews.ch/28292/crowdlitoken-erwirbt-mit-neuen-ceo-dadvan-yousuf-immobilie-token-verkauf-gestartet/ |access-date=2024-07-26 |website=Bitcoin Schweiz News |language=de-DE}}</ref> with an annual rental income of around CHF 285,000.<ref>{{Cite web |last=moneycab |date=2021-11-15 |title=Crowdlitoken erwirbt mit neuen CEO Dadvan Yousuf Immobilie |url=https://www.moneycab.com/dossiers/crowdlitoken-erwirbt-mit-neuen-ceo-dadvan-yousuf-immobilie/ |access-date=2024-07-26 |website=Moneycab |language=de-CH}}</ref> The company's portfolio doubled under Yousuf's leadership as CEO.<ref>{{Cite web |last=Maeder (mae) |first=Ruedi |date=2021-11-18 |title=Crowdlitoken – Dadvan Yousuf wird aktiv, das FinTech nimmt wieder Fahrt auf |url=https://www.moneytoday.ch/news/crowdlitoken-dadvan-yousuf-wird-aktiv-das-fintech-nimmt-wieder-fahrt-auf |access-date=2024-07-26 |website=MoneyToday |language=de}}</ref>


Several critical press articles scrutinized Yousuf's professional activities and credentials in February 2022.<ref>{{Cite web |date=2022-02-15 |title=Dadvan Yousuf (21) – Finma untersucht Stiftung von "Krypto-Zauberlehrling" |url=https://www.20min.ch/story/finma-untersucht-stiftung-von-krypto-zauberlehrling-820062566184 |access-date=2022-03-10 |website=20 Minuten |language=de}}</ref><ref name=":5">Martin Beglinger: ''„Der Krypto-Zauberlehrling wird von der Finma durchleuchtet“'', ], 14. Februar 2022</ref> Reports alleged embellishments to his resume, irregularities in transactions, and false representation.<ref>{{Cite web |date=17 February 2022 |title=Krypto-"King" Dadvan Yousuf – der Krypto-"Milliardär" und seine fragwürdigen Transaktionen |url=https://www.srf.ch/news/wirtschaft/krypto-king-dadvan-yousuf-der-krypto-milliardaer-und-seine-fragwuerdigen-transaktionen}}</ref><ref>{{Cite web |last=Marti |first=Kilian |date=2022-03-22 |title=Dadvan Yousuf: Der Krypto-"Milliardär" verteidigt sich gegen die Vorwürfe |url=https://www.blick.ch/wirtschaft/der-juengste-krypto-milliardaer-jetzt-verteidigt-sich-dadvan-yousuf-gegen-die-schaerfsten-vorwuerfe-id17337027.html |access-date=2022-03-23 |website=Blick |language=de-CH}}</ref> Subsequently, Yousuf filed a defamation complaint against two journalists from ] Investigativ, a Swiss media outlet, in March 2022.<ref>{{Cite web |title=Dadvan Yousuf: Strafanzeige gegen Autorinnen des Schweizer Fernsehens |url=https://www.handelszeitung.ch/unternehmen/strafanzeige-gegen-autorinnen-des-schweizer-fernsehens |access-date=2023-08-10 |website=Handelszeitung |language=de-CH}}</ref> Several critical press articles scrutinized Yousuf's professional activities and credentials in February 2022.<ref>{{Cite web |date=2022-02-17 |title=Krypto-«King» Dadvan Yousuf - Der Krypto-«Milliardär» und seine fragwürdigen Transaktionen |url=https://www.srf.ch/news/wirtschaft/krypto-king-dadvan-yousuf-der-krypto-milliardaer-und-seine-fragwuerdigen-transaktionen |access-date=2024-07-26 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref> Reports alleged embellishments to his resume, irregularities in transactions, and false representation.<ref>{{Cite web |title=Kryptomilliardär Dadvan Yousuf: Kritik wird laut |url=https://www.handelszeitung.ch/musterportfolios/borsennews/kryptomilliardar-dadvan-yousuf-kritik-wird-laut-361427 |access-date=2024-07-26 |website=Handelszeitung |language=de-CH}}</ref> Subsequently, Yousuf filed a defamation complaint against two journalists from ] Investigativ, a Swiss media outlet, in March 2022.<ref>{{Cite web |title=Dadvan Yousuf: Strafanzeige gegen Autorinnen des Schweizer Fernsehens |url=https://www.handelszeitung.ch/unternehmen/strafanzeige-gegen-autorinnen-des-schweizer-fernsehens-381035 |access-date=2024-07-26 |website=Handelszeitung |language=de-CH}}</ref>


] received sponsorship at the ] from Yousuf in early 2022.<ref>{{Cite web |date=2022-02-18 |title=Umstrittener Krypto-Unternehmer wirbt im FCS-Stadion {{!}} Schaffhauser Nachrichten |url=https://www.shn.ch/sport/fussball/2022-02-18/umstrittener-krypto-unternehmer-wirbt-im-fcs-stadion |access-date=2023-11-27 |website=www.shn.ch |language=de}}</ref> He later authored his own ], published on October 24, 2022.<ref>{{Cite web |title=Dadvan Yousuf: Der Kryptomillionär über seine Autobiografie, die Finma und den Crash |url=https://www.handelszeitung.ch/unternehmen/dadvan-yousuf-der-kryptomillionar-uber-seine-autobiografie-die-finma-und-den-crash-525240 |access-date=2023-11-25 |website=Handelszeitung |language=de-CH}}</ref><ref>{{Cite news |last=Weill |first=Pierre |date=2022-08-15 |title=Dadvan Yousuf: Eine Biografie des Krypto-Investors |url=https://www.nzz.ch/finanzen/private-finanzen/biografie-von-krypto-investor-dadvan-yousuf-ld.1697962 |access-date=2023-11-25 |work=Neue Zürcher Zeitung |language=de-CH |issn=0376-6829}}</ref> In December of the same year, Yousuf was featured in the ] documentary titled 'Money Maker',<ref>{{Cite web |title=Money Maker (3) - Money Maker - ARD {{!}} Das Erste |url=https://www.daserste.de/information/reportage-dokumentation/money-maker/sendung/money-maker-folge-3-100.html |access-date=2023-11-26 |website=www.daserste.de |language=de}}</ref> which explored his journey from a refugee child in Kurdistan to becoming a multimillionaire through cryptocurrency investments in Switzerland.<ref>{{Cite web |date=2022-12-21 |title="Money Maker" – ARD-Doku über Bitcoin-Millionär Dadvan Yousuf |url=https://www.prisma.de/news/tv/Money-Maker-ARD-Doku-ueber-Bitcoin-Millionaer-Dadvan-Yousuf,42761675 |access-date=2023-11-26 |website=Prisma |language=de}}</ref><ref>{{Cite web |last=moneycab |date=2022-10-12 |title="Money Maker": Kryptounternehmer Dadvan Yousuf porträtiert in ARD-Dokuserie |url=https://www.moneycab.com/finanz/money-maker-kryptounternehmer-dadvan-yousuf-portraetiert-in-ard-dokuserie/ |access-date=2023-11-26 |website=Moneycab |language=de-CH}}</ref> ] received sponsorship at the ] from Yousuf in early 2022.<ref>{{Cite web |date=2022-02-18 |title=Umstrittener Krypto-Unternehmer wirbt im FCS-Stadion {{!}} Schaffhauser Nachrichten |url=https://www.shn.ch/sport/fussball/2022-02-18/umstrittener-krypto-unternehmer-wirbt-im-fcs-stadion |access-date=2024-07-26 |website=www.shn.ch |language=de}}</ref> He later authored his own ], published on October 24, 2022.<ref>{{Cite news |last=Weill |first=Pierre |date=2022-08-15 |title=Dadvan Yousuf: Eine Biografie des Krypto-Investors |url=https://www.nzz.ch/finanzen/private-finanzen/biografie-von-krypto-investor-dadvan-yousuf-ld.1697962 |access-date=2024-07-26 |work=Neue Zürcher Zeitung |language=de-CH |issn=0376-6829}}</ref><ref>{{Cite web |title=Dadvan Yousuf: Der Kryptomillionär über seine Autobiografie, die Finma und den Crash |url=https://www.handelszeitung.ch/unternehmen/dadvan-yousuf-schnell-rein-und-schnell-wieder-raus-525240 |access-date=2024-07-26 |website=Handelszeitung |language=de-CH}}</ref> In December of the same year, Yousuf was featured in the ] documentary titled 'Money Maker', which explored his journey from a refugee child in Kurdistan to becoming a multimillionaire through cryptocurrency investments in Switzerland.<ref>{{Cite AV media |url=https://www.ardmediathek.de/video/money-maker/folge-3-dadvan-yousuf-kryptomillionaer-mit-17-s01-e03/das-erste/Y3JpZDovL21kci5kZS9zZW5kdW5nLzI4MTA2MC8yMDIyMTIyMTIxNDUvc29uZGVybnNlbmR1bmctaW0tZXJzdGVuLW1vbmV5LW1ha2VyLWRhZHZhbi15b3VzdWYta3J5cHRvbWlsbGlvbmFyLTEwMA |title=Money Maker: Folge 3: Dadvan Yousuf – Kryptomillionär mit 17 (S01/E03) - hier anschauen |language=de |access-date=2024-07-26 |via=www.ardmediathek.de}}</ref><ref>{{Cite AV media |url=https://www.fernsehserien.de/money-maker/folgen/1x03-dadvan-yousuf-krypto-millionaer-mit-17-1598540 |title=Money Maker Staffel 1, Folge 3: Dadvan Yousuf – Krypto-Millionär mit 17 |date=2023-03-26 |last=KG |first=imfernsehen GmbH & Co |language=de |access-date=2024-07-26 |via=www.fernsehserien.de}}</ref>


Yousuf's involvements in cryptocurrency have drawn the attention of the ].<ref name=":5" /><ref>{{Cite web |title=Junger Bitcoin-Investor – Geht beim Berner Kryptomillionär alles mit rechten Dingen zu? |url=https://www.derbund.ch/geht-beim-berner-kryptomillionaer-alles-mit-rechten-dingen-zu-886978673214 |access-date=2022-03-10 |website=Der Bund |date=17 February 2022 |language=de}}</ref> In May 2022, the Dohrnii Foundation was investigated for engaging in various regulated activities, including acting as a ] firm, without obtaining the required ] authorization.<ref>{{Cite web |date=2023-05-17 |title=Untersuchung der Finma – Kryptowährungen: Finma rügt Dadvan Yousuf und seine Stiftung |url=https://www.srf.ch/news/wirtschaft/untersuchung-der-finma-kryptowaehrungen-finma-ruegt-dadvan-yousuf-und-seine-stiftung |access-date=2023-08-10 |website=Schweizer Radio und Fernsehen (SRF) |language=de}}</ref><ref>{{Cite web |date=2023-05-17 |title=Untersuchung gegen Kryptomillionär – Finma rügt Krypto-Stiftung Dohrnii und deren Gründer Dadvan Yousuf |url=https://www.tagesanzeiger.ch/finma-ruegt-krypto-stiftung-dohrnii-und-deren-gruender-dadvan-yousuf-168156549631 |access-date=2023-08-10 |website=Tages-Anzeiger |language=de}}</ref> He resigned as CEO in February 2023,<ref>{{Cite web |title=Künftig nur noch Repräsentant: Bitcoin-Millionär Dadvan Yousuf legt Ämter bei Krypto-Bildungsplattform nieder |url=https://www.handelszeitung.ch/unternehmen/kunftig-nur-noch-reprasentant-bitcoin-millionar-dadvan-yousuf-legt-amter-bei-krypto-bildungsplattform-nieder-577253 |access-date=2023-08-17 |website=Handelszeitung |language=de-CH}}</ref> and following enforcement proceedings by the ], the Dohrnii Foundation was dissolved in June 2023.<ref>{{Cite web |last=Nikolova |first=Maria |date=2023-05-17 |title=Swiss FINMA concludes proceedings against crypto platform Dohrnii Foundation |url=https://fxnewsgroup.com/forex-news/cryptocurrency/swiss-finma-concludes-proceedings-against-crypto-platform-dohrnii-foundation/ |access-date=2023-08-15 |website=FX News Group |language=en-US}}</ref> Yousuf's involvements in cryptocurrency have drawn the attention of the ].<ref>{{Cite news |last=Beglinger |first=Martin |date=2022-02-14 |title=Der Krypto-Zauberlehrling Yousuf wird von der Finma durchleuchtet |url=https://www.nzz.ch/wirtschaft/der-krypto-zauberlehrling-wird-von-der-finma-durchleuchtet-ld.1669509 |access-date=2024-07-26 |work=Neue Zürcher Zeitung |language=de-CH |issn=0376-6829}}</ref> In May 2022, the Dohrnii Foundation was investigated for engaging in various regulated activities, including acting as a ] firm, without obtaining the required ] authorization.<ref>{{Cite web |date=2022-02-15 |title=Dadvan Yousuf (21) – Finma untersucht Stiftung von «Krypto-Zauberlehrling» |url=https://www.20min.ch/story/finma-untersucht-stiftung-von-krypto-zauberlehrling-820062566184 |access-date=2024-07-26 |website=20 Minuten |language=de}}</ref> He resigned as CEO in February 2023, and following enforcement proceedings by the ], the Dohrnii Foundation was dissolved in June 2023.<ref>{{Cite web |title=Vom Flüchtling zum Millionär: Die vom Kryptowunderkind Dadvan Yousuf gegründete Stiftung Dohrnii wird liquidiert |url=https://www.handelszeitung.ch/geld/vom-fluchtling-zum-millionar-die-vom-kryptowunderkind-dadvan-yousuf-gegrundete-stiftung-dohrnii-wird-liquidiert-587534 |access-date=2024-07-26 |website=Handelszeitung |language=de-CH}}</ref><ref>{{Cite web |title=Künftig nur noch Repräsentant: Bitcoin-Millionär Dadvan Yousuf legt Ämter bei Krypto-Bildungsplattform nieder |url=https://www.handelszeitung.ch/unternehmen/kunftig-nur-noch-reprasentant-bitcoin-millionar-dadvan-yousuf-legt-amter-bei-krypto-bildungsplattform-nieder-577253 |access-date=2024-07-26 |website=Handelszeitung |language=de-CH}}</ref>


As of 2023 he is under criminal investigation by the ] of the ].<ref>{{Cite web |date=2023-01-18 |title=Geldwäscherei und Betrug: Ermittlungen gegen «Kryptomilliardär» Dadvan Yousuf gehen weiter |url=https://www.20min.ch/story/ermittlungen-gegen-kryptomilliardaer-dadvan-yousuf-gehen-weiter-473728846445 |access-date=2023-08-10 |website=20 Minuten |language=de}}</ref> As of 2023 he is under criminal investigation by the ] of the ].<ref>{{Cite web |date=2023-01-18 |title=Geldwäscherei und Betrug: Ermittlungen gegen «Kryptomilliardär» Dadvan Yousuf gehen weiter |url=https://www.20min.ch/story/ermittlungen-gegen-kryptomilliardaer-dadvan-yousuf-gehen-weiter-473728846445 |access-date=2023-08-10 |website=20 Minuten |language=de}}</ref>

Revision as of 07:11, 26 July 2024

Kurdish entrepreneur
Dadvan Yousuf
Yousuf Portrait (2023)Dadvan Yousuf (2023)
BornDadvan Ismat Yousuf Yousuf
(2000-04-09) April 9, 2000 (age 24)
Zakho, Kurdistan, Iraq
Occupation(s)Entrepreneur, Bitcoin investor
Years active2011–present
Known forBitcoin activities, Youngest millionaire and billionaire in Switzerland, First Iraqi and Kurd to summit Mount Everest

Dadvan Ismat Yousuf Yousuf (born April 9, 2000) is an Iraqi cryptocurrency investor and businessman whose early bitcoin investments made him the youngest self-made billionaire in Switzerland. In November 2021, Yousuf was included in the Forbes 30 Under 30 list. Yousuf and his companies have been the subject of a number of investigations into financial impropriety.

Early life

Yousuf was born in Zakho, Iraqi Kurdistan on April 9, 2000. His father was part of the Peshmerga and fled the country to Switzerland before Yousuf was born. Three years later his mother left the country, together with her three sons. They arrived in Neuenburg, Switzerland, in 2003 where his father had relocated. In 2004, the family was granted refugee status and moved to Ipsach. Yousuf has five younger siblings who were born in Switzerland. In his early years, he showed a interest in the field of finance, particularly on Bitcoin and international money transfers.

Career

At the age of 11, Yousuf sold some of his toys to acquire funds to invest in Bitcoin. With this initial investment, he purchased 10 Bitcoins at a price of €15 and continued to trade in the cryptocurrency. In 2012, he acquired 1000 Bitcoins at a rate of €11,126. In 2016, Yousuf invested in Ethereum, buying 16,000 units at a total cost of €134,000. Yousuf became a multi-millionaire through his cryptocurrency trades, and is considered the youngest Swiss self-made millionaire.

In 2017 he started an apprenticeship at the Eidgenössische Hochschulinstitut für Berufsbildung in Zollikofen. He finished his apprenticeship with a real estate company in Bern. Around the same time, Yousuf claims, he developed a software for automated trades in cryptocurrencies, based on an algorithm analysing data and predicting fluctuations in the future. The algorithm evaluates data stemming from technical analysis, social media, macroeconomics and public statements about cryptocurrencies. Yousuf founded the Dohrnii Foundation to oversee the development of his cryptocurrency software and tokens in early 2021.

Yousuf acquired the majority of Crowdlitoken, a Liechtenstein startup focused on enabling real estate investments through digital shares in the form of tokens, in late 2021. Following this acquisition, he became the Chief Executive Officer and joined the company's board of directors. Under Yousuf's leadership as CEO, Crowdlitoken acquired a commercial property in Heimberg, Switzerland, valued at approximately CHF 5.65 million, with an annual rental income of around CHF 285,000. The company's portfolio doubled under Yousuf's leadership as CEO.

Several critical press articles scrutinized Yousuf's professional activities and credentials in February 2022. Reports alleged embellishments to his resume, irregularities in transactions, and false representation. Subsequently, Yousuf filed a defamation complaint against two journalists from SRF Investigativ, a Swiss media outlet, in March 2022.

FC Schaffhausen received sponsorship at the Wefox-Arena from Yousuf in early 2022. He later authored his own biography, published on October 24, 2022. In December of the same year, Yousuf was featured in the ARD documentary titled 'Money Maker', which explored his journey from a refugee child in Kurdistan to becoming a multimillionaire through cryptocurrency investments in Switzerland.

Yousuf's involvements in cryptocurrency have drawn the attention of the Swiss Financial Market Supervisory Authority. In May 2022, the Dohrnii Foundation was investigated for engaging in various regulated activities, including acting as a securities firm, without obtaining the required FINMA authorization. He resigned as CEO in February 2023, and following enforcement proceedings by the Swiss Financial Market Supervisory Authority, the Dohrnii Foundation was dissolved in June 2023.

As of 2023 he is under criminal investigation by the Public Prosecutor's Office of the Canton of Bern.

Wealth

According to a tax declaration filed in 2020, Yousuf's taxable assets in cryptocurrencies were reported at 189 million Swiss francs, indicating an estimated net worth of 270 million Swiss francs.

Personal life

On 20 May 2024 Yousuf became the first Iraqi and Kurdish man to reach the summit of Mount Everest.

File:First Iraqi and Kurd on Everest.png
Dadvan Yousuf on the summit of Mount Everest

Books

References

  1. Rossier (Fotos), Kilian Marti (Text) und Philippe (2022-01-17). "Dadvan Yousuf ist der jüngste Selfmade-Milliardär im Land". Blick (in Swiss High German). Retrieved 2023-02-23.
  2. "Dadvan Yousuf". Forbes (in German). 2021-11-23. Retrieved 2023-08-10.
  3. swissinfo.ch/mga (2022-05-20). "Refugee 'crypto millionaire' faces Swiss money laundering probe". SWI swissinfo.ch. Retrieved 2023-08-17.
  4. "Krypto-«King» - Strafuntersuchung gegen Dadvan Yousuf". Schweizer Radio und Fernsehen (SRF) (in German). 2023-05-10. Retrieved 2023-12-11.
  5. ^ Beglinger (Text), Martin (2021-07-07). "Kryptowährungen: Vom Flüchtlingskind zum Bitcoin-Millionär". Neue Zürcher Zeitung (in Swiss High German). ISSN 0376-6829. Retrieved 2024-07-26.
  6. ^ Beglinger (text), Martin (2021-07-14). "Kurdish refugee buys bitcoins as child, is now multimillionaire". Neue Zürcher Zeitung (in Swiss High German). ISSN 0376-6829. Retrieved 2024-07-26.
  7. "دبي توفر بيئة تشريعية وتنظيمية متطورة لاستقطاب منصات تداول الأصول الافتراضية العالمية". www.emaratalyoum.com (in Arabic). 2024-02-10. Retrieved 2024-07-26.
  8. "A 21 ans, l'ancien réfugié est devenu millionnaire grâce au Bitcoin". 24 heures (in French). 2021-04-21. Retrieved 2024-07-26.
  9. "Kryptowährung: Dadvan Yousuf ist 21 Jahre alt und Multimillionär". Aargauer Zeitung (in German). 2021-09-11. Retrieved 2024-07-26.
  10. "Svizzera, la favola di Dadvan, il giovane rifugiato curdo diventato milionario grazie ai Pokemon venduti a cambio di Bitcoin". la Repubblica (in Italian). 2021-04-18. Retrieved 2024-07-26.
  11. "Investe in Bitcoin a 11 anni: storia di un milionario - Punto-Informatico.it". www.punto-informatico.it. Retrieved 2024-07-26.
  12. "La storia del bambino curdo diventato milionario grazie ai Pokemon venduti in cambio di Bitcoin". quoted business (in Italian). 2021-05-12. Retrieved 2024-07-26.
  13. ^ "Er tauschte seine Spielsachen gegen Bitcoins". Der Bund (in German). 2021-04-02. Retrieved 2024-07-26.
  14. "Vom Geflüchteten zum Multimillionär: die Geschichte von Dadvan Yousuf". www.fr.de (in German). 2022-01-15. Retrieved 2024-07-26.
  15. Ritter, Pascal (2021-11-08). "Dadvan Yousuf (21): Vom Flüchtlingskind zum Bitcoin-Millionär". Luzerner Zeitung (in German). Retrieved 2024-07-26.
  16. ""Money Maker" – ARD-Doku über Bitcoin-Millionär Dadvan Yousuf". Prisma (in German). 2022-12-21. Retrieved 2024-07-26.
  17. "I sold my toys to buy Bitcoin when I was 11 and now I'm a millionaire at just 21". The Sun. 2022-01-05. Retrieved 2024-07-26.
  18. "Dadvan Yousuf: Der Kryptomillionär über seine Autobiografie, die Finma und den Crash". Handelszeitung (in Swiss High German). Retrieved 2024-07-26.
  19. "Ipsach". St. Galler Tagblatt (in German). 2021-11-08. Retrieved 2024-07-26.
  20. "Vom Flüchtling zum Bitcoin-Millionär". TeleZüri (in Swiss High German). 2021-08-23. Retrieved 2024-07-26.
  21. "Der junge Kryptomillionär Dadvan Yousuf im Interview". Handelszeitung (in Swiss High German). Retrieved 2024-07-26.
  22. Maeder (mae), Ruedi (2021-11-18). "Crowdlitoken – Dadvan Yousuf wird aktiv, das FinTech nimmt wieder Fahrt auf". MoneyToday (in German). Retrieved 2024-07-26.
  23. "Krypto-Millionär steigt bei Crowdlitoken ein". finews.ch (in German). 2021-11-12. Retrieved 2024-07-26.
  24. Gr, Michael Schäfer, Werner; lehner (2021-11-11). "Krypto-Millionär Yousuf will Immobilienanlagen revolutionieren". Neue Zürcher Zeitung (in Swiss High German). ISSN 0376-6829. Retrieved 2024-07-26.{{cite news}}: CS1 maint: multiple names: authors list (link)
  25. News, Bitcoin Schweiz (2021-11-19). "CROWDLITOKEN erwirbt mit neuen CEO Dadvan Yousuf Immobilie – Token-Verkauf gestartet". Bitcoin Schweiz News (in German). Retrieved 2024-07-26. {{cite web}}: |last= has generic name (help)
  26. moneycab (2021-11-15). "Crowdlitoken erwirbt mit neuen CEO Dadvan Yousuf Immobilie". Moneycab (in Swiss High German). Retrieved 2024-07-26.
  27. Maeder (mae), Ruedi (2021-11-18). "Crowdlitoken – Dadvan Yousuf wird aktiv, das FinTech nimmt wieder Fahrt auf". MoneyToday (in German). Retrieved 2024-07-26.
  28. "Krypto-«King» Dadvan Yousuf - Der Krypto-«Milliardär» und seine fragwürdigen Transaktionen". Schweizer Radio und Fernsehen (SRF) (in German). 2022-02-17. Retrieved 2024-07-26.
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