Wealthy Crypto Billionaires
Table of Contents
Changpeng Zhao
| Changpeng Zhao | Crypto’s richest person |
|---|---|
| Net worth: | $65 Billion Net Worth |
| Source of wealth: | Binance |
| Citizenship: | Canada |
Changpeng Zhao is ranked #1 on our ranking of the wealthiest cryptocurrency investors. The former CEO and founder of Binance, “CZ,” is the 19th richest person in the entire globe. believes that he owns a minimum of 70% of Binance, the top cryptocurrency trading platform worldwide.
CZ established Binance currency (BNB) through Binance, and as the exchange gained traction, BNB was widely used. Since then, BNB’s value has increased dramatically, adding even more to CZ’s riches.
It is significant to remember that because Binance is a privately owned firm, CZ’s estimated net worth is not accessible to the general public. Nonetheless, as of March 5, 2024, Forbes projected CZ’s wealth to reach $15 billion.
Read also: 5 Companies that have significant bitcoin investments
Although some observers think the crypto billionaire is significantly richer, these assertions might just be conjectures.
Before the 2022 cryptocurrency crash, the boss of the crypto industry had a net worth of $65 billion, according to Forbes’ 2022 billionaire rankings.
These projections have led to a higher assessment of CZ’s wealth than the $1.9 billion estimate from the previous year. In addition, the 44-year-old owns an unknown quantity of BNB, Binance’s native asset, and a small portion of Bitcoin.
Brian Armstrong
| Brian Armstrong | Crypto’s richest person |
|---|---|
| Net worth: | $10 Billion Net Worth |
| Source of wealth: | Coinbase |
| Citizenship: | U.S |
An American businessman who serves as CEO and co-founder of Coinbase, the biggest cryptocurrency exchange with headquarters in the US,.
Armstrong held software engineering positions at a number of digital firms, including IBM and Airbnb. Still, his path to wealth was forged by his work with cryptocurrencies.
Armstrong was a co-founder of Coinbase in 2012. Because of its user-friendly design and strong security features, the platform is becoming more and more popular with both new and seasoned cryptocurrency fans.
Read also: The most influential people in cryptocurrency
Coinbase’s growth and the soaring acceptance of cryptocurrencies, especially Bitcoin, have been closely correlated. Armstrong’s wealth was bolstered by Coinbase’s increased trading volumes, transaction fees, and exchange charges as the value of cryptocurrencies surged.
The first bitcoin exchange to go public was Coinbase. When the company’s shares were directly listed on the Nasdaq stock exchange in April 2021, Armstrong’s interest in the business increased significantly, turning him into a billionaire.
Armstrong’s net worth was estimated by Forbes to be $10 billion as of March 5, 2024.
Barry Silbert
| Barry Silbert | Crypto’s richest person |
|---|---|
| Net Worth | $10 Billion |
| Source of wealth: | Digital Currency Group (DCG) |
| Citizenship: | U.S |
The most well-known role of American investor and entrepreneur Barry Silbert is that the CEO and founder of Digital Currency Group (DCG), a venture capital firm that specializes in the cryptocurrency sector.
Silbert started his financial career specializing on distressed debt at the investment banking company Houlihan Lokey. He established SecondMarket, an online exchange for illiquid assets, such as shares of private companies, in 2004.
Early on, Silbert saw the potential of Bitcoin trading and established the Bitcoin Investment Trust (BIT) in 2013. This allowed accredited investors to invest in Bitcoin without having to own the cryptocurrency themselves.
Read also: How Bitcoin works [Infographic]
The first publicly traded Bitcoin investment vehicle was called BIT, and it was a major factor in popularizing Bitcoin.
After rebranding SecondMarket as Digital Currency Group (DCG) in 2015, Silbert broadened the company’s scope to encompass blockchain-based technologies and cryptocurrencies in addition to Bitcoin.
With its wide range of investments and its affiliated businesses, which include CoinDesk, Genesis, Grayscale Investments, and more, DCG has subsequently grown to be a significant force in the cryptocurrency trading market.
Silbert has accumulated a substantial fortune from his profitable cryptocurrency and blockchain-related business endeavors.
At the time of writing, Silbert’s net worth was assessed by Forbes to be $3.2 billion.
Chris Larsen
| Chris Larsen | Crypto’s richest person |
|---|---|
| Net Worth | $3.2 Billion |
| Source of wealth | Ripple Labs |
| Citizenship: | U.S |
American business executive and entrepreneur Chris Larsen is well-known for his role in starting bitcoin businesses. He was a co-founder of Ripple Labs, the business that created the contentious Ripple blockchain-based payment system.
The XRP cryptocurrency from Ripple gained traction quickly and is now among the biggest in terms of market value. Additionally, studies reveal that one of the best cryptocurrencies for making money for investors is XRP.
Read also: World’s Wealthiest Stock Market Investors
Larsen gained substantial riches as a result of his work with Ripple.
According to Forbes, he is among the wealthiest individuals in the bitcoin space. In the beginning of 2018, when XRP’s value peaked, Larsen’s estimated net worth was $4.6 billion.
Forbes assessed his net worth at $2.9 billion at the time.
Fred Ehrsam
| Fred Ehrsam | Crypto’s richest person |
|---|---|
| Net Worth | $2.9 Billion |
| Source of wealth | co-founded Coinbase with Brian Armstrong |
| Citizenship: | U.S |
In 2012, American investor and entrepreneur Fred Ehrsam and Brian Armstrong co-founded Coinbase.
When Ehrsam started working at Goldman Sachs as a trader in the company’s foreign exchange (forex) business, his path to financial success officially began. However, he left Goldman Sachs and co-founded Coinbase because of his interest in cryptocurrencies and blockchain technology.
Coinbase expanded quickly under Ehrsam’s joint leadership, rising to prominence as one of the biggest names in the bitcoin space. It drew millions of users and enabled bitcoin transactions worth billions of dollars.
Ehrsam made a fortune from his involvement in Coinbase, even though he left the exchange in 2017.
As of March 5, 2024, Ehrsam’s net worth was $2.9 billion, according to Forbes.
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FAQs
Who is the richest crypto billionaire in the world?
Zhao is the 55th richest person on the planet according to the most recent Bloomberg Billionaires Index, with an estimated net worth of $27.6 billion as of September 6, 2023.
Which crypto has made the most millionaires?
Numerous people have already become billionaires thanks to bitcoin, and you might too. In its fifteen years of existence, Bitcoin (CRYPTO: BTC) has created a large number of millionaires. In fact, about 115,000 wallet addresses with a balance of more than $1 million as of right now are visible in statistics from the blockchain analytics platform Glassnode.
Who is the top 1 of Bitcoin holders?
Who are the biggest Bitcoin holders, then? Top Bitcoin holder as of 2024 is said to be Satoshi Nakamoto, the anonymous founder of Bitcoin, according to research and analysis firm River Intelligence. Per the business, there are over 22,000 distinct addresses where Satoshi Nakamoto is holding roughly 1.1 million BTC tokens.
Which billionaire lost everything in crypto?
After the 2022 cryptocurrency crisis, Changpeng Zhao, the founder and CEO of Binance (also known as CZ), experienced the worst financial loss of any crypto millionaire, with a net worth reduction of 82 billion US dollars.