Not a lot is known about Micree Zhan (also known as Zhan Ketuan), who together with Wu Jihan set up Bitmain, the largest manufacturer of cryptocurrency mining chips and other hardware in the world. When Roger Ver found out about Bitcoin in 2011, he started investing heavily in technology and also began conducting educational activities. Barry Silberts first foray into business involved selling baseball cards while still at school, though its safe to assume that he no longer has much time for that particular line of work. The XRP token was born around this time too. To get started, investors had to put in a minimum of 15,000 Rupees (around 200 dollar). Nick Szabo is one of the rumoured candidates for the "Nakamoto' crown. After stints working in Tokyo and New York, he returned to Shanghai and founded Fusion Systems in 2005, a company that specialised in building trading software for banks. Changpeng Zhao: $2.1 billion. Meanwhile, Sam Bankman-Fried, co-founder and chief executive of global cryptocurrency exchange FTX, was ranked as the second-wealthiest crypto billionaire with a personal fortune of $24bn, followed by Coinbase co-founder Brian Armstrong with a net worth of $6.6bn. Everything is explained in such a way that no technical knowledge is required. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Libra director, and the former president of PayPal. Earlier this year, Draper told Forbes he believes Bitcoin would hit $250,000 by the end of 2022; it currently trades under $50,000. Feb 10, 2020. The exchange currently has a daily trading volume of around $200 million. For those who are unaware of what PLATINCOIN IS it is a form of cryptocurrency created for mass use, to help generate passive income. He was ousted in 2019 but has since bought shares from other shareholders to claim back his CEO status. These cookies ensure basic functionalities and security features of the website, anonymously. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. He was called the richest crypto millionaire by Forbes, who also placed him 383rd on their Forbes 400 list in 2018. See our Cookie Policy for more information. He was, however, a vocal advocate for instigating an increase in the Bitcoin networks transaction capacity. It wasnt always such a cosy relationship though. Article continues below advertisement. He ran the Ponzi scheme under three firms: Long Rich Technologies, Long Rich Global, and Morris Trading Solutions. Also, there is no information about the projects team members, such as its developers. A venture capitalist by trade, Draper first invested in Bitcoin in 2012. The incident they described was . Chris Larsen Nationality: United States Company: Ripple Age: 60 Today, Coinbase is one of the most popular platforms for exchanging fiat money for cryptocurrencies. Fast forward eight years and hes changed his tune somewhat, calling it: a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. Proactive Investors Limited, trading as Proactiveinvestors United Kingdom is registered in England with the Company Registration number 05639690. The transformation of value in the digital age. Photographer: Bryan van der Beek/Bloomberg. Still winding its way through federal courts, the case is perceived by many crypto watchers as a landmark one for future token sales. On January 8, 2018, almost all cryptocurrencies fell in value by 15 per cent or more, and the market capitalization decreased by $100,000,000,000. Devin Finzer and Alex Atallah Net worth: $2.2 billion Source of wealth: OpenSea Citizenship: U.S. (both) The 30-somethings cofounded blockchain startup OpenSea, an early player in the booming. A new breed of billionaires has emerged in the last few years, who owe their wealth to the success of crypto and the projects they either founded or backed. Many potential candidates have been discussed, yet the person who set this whole runaway crypto train in motion remains as mysterious and elusive as ever. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The really, really, rich are still drawn from more traditional fields of industry, commerce and, of course, inherited wealth. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says, With Congress Impotent, Courts Are the Only Option for Fighting SEC Overreach, Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges, Binance.US Is Operating 'Unregistered Securities Exchange,' SEC Official Says. He is the chairman of the Bitcoin Foundation; co-founder of one of the first blockchain venture funds (Blockchain Capital); co-founder of a prominent crypto advisory firm, DNA; part of the team. Born in Shanghai, CZs family then moved to Canada and he graduated with a degree in computer science from Montreals McGill University. Alex Dovbnya. Sam Bankman-Fried has another tough day at the office. Founder and CEO of quantitative crypto trading firm Alameda Research and newcomer to the Forbes billionaire list. What financial advisors need to know about crypto. In August 2017, when cryptocurrency fever first swept the world, the mobile version of the Coinbase exchange in the AppStore became the most downloaded application in the US. In 2015, this Australian entrepreneur told the world that it was he who created the unique technology and filed more than 150 patent applications for the authorship of distributed registry technology, smart contracts, and six cryptocurrencies. Since 2018, David has been responsible for the Facebook blockchain business, and since June 2019 he has headed the Calibra project. Moreover, the websites only data is the home page stating Long Rich Technologies created it. If he is still alive then you have to admire his restraint: not touching a stack that would make you one of the richest people on the planet shows remarkable self-control. Chris Larsen, co-founder of Ripple, has once again made the list after more than doubling his 2020 net worth from $2.7 billion to $6 billion in 2021. Hes the founder and chief technology officer of cryptocurrency Stellar. Valery Vavilov's net worth is between 500 million U.S dollars to 700 million U.S dollars. Should You Finance a Hybrid or Electric Car? We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that youve provided to them or that theyve collected from your use of their services. Barry Silbert - Age 41 - Net Worth $400 to $500 million - Digital Currency Group CEO. Eli is a news reporter for CoinDesk. A TikTok is making its rounds showing a mock scenario where a tenant is asked to give a tip to their landlord. It was while in Shanghai that he first heard about and began investing in bitcoin, reportedly selling his house in order to invest in it. The CEO and founder of Coinbase took the crypto exchange public through a direct listing in April 2021 at a stunning $100 billion valuation. Indeed, not only does nobody know whether it is one person, or a group of developers, the very fact that of whether this legendary figure actually exists has often been called into question. Both Larsen and Garlinghouse face being forced to return the proceeds of any XRP they sold as well as the prospect of multi-million dollar fines if Ripple loses the case when it goes to trial later this year. The 36-year old Nishad K. got arrested because of cryptocurrency fraud charges. Another uber-wealthy crypto exchange founder to make our list is perhaps the best-known of them all. The cookie is used to store the user consent for the cookies in the category "Analytics". In 2010 one trader tried to auction of 10,000 BTC for the princely sum of $50. This has enabled Silbert to accumulate a substantial fortune himself something, one imagines, he was always destined to do. The main purpose of Litecoin is payments on the Internet. Users are able to buy crypto assets through the platform, which also provides custodial services to HODLers. This cookie is set by GDPR Cookie Consent plugin. Additionally, Binance is one of the few exchanges that provides margin and futures trading services. Armstrongs 20% stake in the company means he is now one of cryptos richest people (on paper at any rate). The world's richest crypto billionaires. This website uses cookies to improve your experience. A true believer, Roszak recently co-led an initiative to give every member of Congress $50 worth of digital assets and says he gave Richard Branson and Bill Clinton their first bitcoins. In a 2013 tweet, Michael Saylor opined that bitcoins days were numbered and the project would soon sink without trace. The presence of these seven entrepreneurs on Forbes list reflects the growing popularity of cryptocurrency in mainstream culture, and how much capital institutional investors have put into the future of the industry. This site contains affiliate links to products/services. Estimated net worth: $3,200,000,000 Micree Zhan, also known as Zhan Ketuan, is the co-founder of Bitmain which is the world's largest cryptocurrency mining company. With an estimated net worth, according to the Forbes rich list, of $1.2 billion, Zhao earned his first billion dollar in less than six months and is today one of the richest representatives of the crypto industry. Although its founder claims the coin is legit, it has no registered physical office as its headquarters except for a website. Nevertheless, there are several crypto billionaires out there who are undeniably ahead of the pack when it comes to total net worth and weve gathered the top ten for you below. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Alex is the founder of more than 10 projects in the IT and fintech industries with a total capitalisation of over 200 million.
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