Forbes' first ranking of crypto's ten wealthiest people, from Mike Novogratz and Brock Pierce to the Winklevoss twins and Changpeng Zhao. Net worths ranged from $700 million to several billion, though a market decline likely cut some estimates in half, like Chris Larson's $7 to $8 billion dropping to around $4 billion.
Questions this video answers
About $7–8 billion (video notes this may be closer to ~$4 billion after a market downturn).
April 10, 2018.
Chapters
Isn't it interesting how much money everyone has nowadays in the crypto world where everything is anonymous and no IRS to look into you? It's getting hard to tell, but recently Forbes unveiled their first list of crypto fat cats. Let's take a look. 10 major cryptocurrency owners and how much they're worth. We're starting our leaderboard with Galaxy Digital CEO Mike Novogratz. He's known as Wall Street's king of bitcoin. His estimated current crypto worth is around 700 million to $1 billion. Ninth place at ninth place is chairman of the Bitcoin foundation and Advisor at block one. Brock Pierce. At 37 years old, his net worth is at about 700 million to $1 billion. Eighth place at eighth place is Anthony D. Iorio, Co founder of Ethereum, founder of Jaxx and Decentral. He has about 750 million to 1 billion in his WAL. He's financially helped the Ether project at very early stages and later also hired the new law firm which helped bring ethereum to life. 7th place 7th place is held by co founder of Talley Capital, Matthew Rawczak. He started out as a tech entrepreneur, but in 2013 he started investing in ICOs of new cryptocurrencies. His worth is estimated at around 900 million to $1 billion. Sixth place at sixth place is Brian Armstrong. In 2012, when he when he was just 29, he created the largest and most popular cryptocurrency exchange called Coinbase. His worth is about the same as the guy right behind him. Estimated at 900 million to $1 billion. Fifth place Matthew Mellon. A private investor. The heir to one of the largest banking portfolios in the usa. There are rumors he has a history of drug abuse. So when his family heard about his enthusiasm for cryptocurrencies, they decided it's just another bad habit and made him sell all his bitcoins. However, he switched to XRP and invested $2 million. Now he's worth about 900 million to $1 billion. Not bad for a supposed drug addict. Fourth place in fourth place, the Winklevoss twins. After successfully suing Mark Zuckerberg for $65 million in 2004, they started investing in Bitcoin almost from its first days. Allegedly they invested around $11 million and by 2013 claimed to have a total of 1% of all bitcoins in circulation. Their estimated worth 900 million to $1.1 billion. The last of the top three. Changpeng Zhao, founder and CEO of Binance Cryptocurrency Exchange, which in just 180 days became the world's largest platform for trading digital currencies. Yeah, his net worth is estimated from $1.1 to $2 billion. Second place. Our runner up is Ethereum, co founder and founder of a blockchain company called Consensys. He also used to run a private wealth management div. His name is Joseph Lubin. His Forbes estimated worth is pretty broad, from around 1 billion to up to $5 billion. But the guy is a cryptocurrency billionaire that we know for sure. And finally, first place, our leader and founder and former CEO of Ripple Labs, Chris Larson. He has a 5.2 billion XRP. So Forbes says this makes him worth about 7 to 8 billion dollars. But since January, the value of all cryptocurrencies took a sudden nosedive. It's probably more like 4 billion now. Still good enough for a firm. First place. Curiously enough, Ethereum's main visionary, Vitalik Buterin, fell short of his Ethereum partners. His net worth is only around 400 to $500 million. So now you know who's backing all your new projects. Or who, who you might want to approach at a cryptocurrency conference and invite for a couple drinks later. Please like this video and subscribe to our channel.
