The crypto market has been growing strongly and emerging in recent years is the power, and big-handed investors are gradually joining the game. Crypto billionaires are also gradually appearing as the game-determining whales of this market. Let’s CoinCu discover the top 10 billionaires in the crypto world.
1. Changpeng Zhao
Binance founder and CEO “CZ,” the richest person in crypto, is the 19th richest person in the world. Forbes says he owns at least 70% of Binance, the top global cryptocurrency trading site. Last year, the business allegedly handled over two-thirds of all trade volume handled by centralized changes, generating over $16 billion in revenue.
CZ’s wealth was valued at $1.9 billion by Forbes last year. The 44-year-old owns some Bitcoin and an unknown quantity of BNB, Binance’s native asset. Binance intends to invest significantly in the parent company that will hold Forbes following the previously announced public listing deal.
2. Sam Bankman-Fried
In late 2021, the 30-year-old will relocate from Hong Kong to the more crypto-friendly Bahamas with his exchange FTX, which raised $400 million in January at a $32 billion valuation. Crypto VC company Paradigm (led by Coinbase founder Fred Ehrsam, another crypto millionaire), venture capital firm Sequoia, buyout firm Thoma Bravo, and the Ontario Teachers’ Pension Plan Board are among the startup’s supporters.
Investors reportedly valued FTX’s businesses in the United States at $8 billion. Bankman-Fried, a self-described follower of effective altruism—the utilitarian-inflected idea of doing the best one can—has pledged to give away his whole fortune during his lifetime. He controls over half of FTX and over $7 billion in FTT, the platform’s native token.
3. Brian Armstrong
Coinbase’s CEO and founder brought the crypto exchange public in April 2021 through a direct offering at an enticing $100 billion value. Its market valuation is now around half that, but Armstrong is still the third wealthiest person in cryptocurrency, with a 19% share.
Armstrong, known for his simple T-shirts and bald head, raised eyebrows in 2020 when he ordered his staff to avoid discussing politics at work. In January, the 39-year-old paid $133 million for a Bel-Air property, one of the city’s most expensive real estate deals. Armstrong has lately spoken out against the planned crypto law in the EU Parliament.
4. Gary Wang
The press-shy Wang, FTX’s co-founder and chief technology officer, created the crypto exchange with Bankman-Fried in 2019. Wang owns 16% of FTX’s worldwide company and more than $600 million in FTT, FTX’s native token. Wang worked as a software engineer at Google before moving into crypto, where he helped establish the online booking site Google Flights. At MIT, he studied math and computer science.
5. Chris Larsen
Larsen, the co-founder and executive chairman of blockchain company Ripple, whose XRP token is currently the eighth largest cryptocurrency, has kept himself busy fighting a Securities and Exchange Commission lawsuit—first filed in December 2020–that claims Ripple’s initial coin offering was an unlawful offer and sale of unregistered securities.
Many watchers regard the lawsuit, which is still making its way through federal courts, as a watershed moment for future token sales. Larsen and Ripple both deny any wrongdoing. Aside from his legal issues, Larsen, 61, has collaborated with environmental organizations to start a campaign called “Change the Code, Not the Climate” to urge the Bitcoin community to lower the digital asset’s high carbon impact.
Above are the top 5 in the list of 10 richest crypto billionaires, to continue learning about the topic, you can read the next article here.
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