The crypto market is growing but it’s still a baby. Don’t believe us? Let’s take a look at how crypto stacks up against the big bad billionaires of the world.
Starting off we have a Ripple coming with a market cap of 23 billion. Followed by Ethereum 47 billion. These two projects with thousands of people employed only come to a bit over the net worth of world’s new favorite peeping tom, Mark Zuckerberg who has 64 billion. And of course Bitcoins grumpy old neighbor Warren Buffett with 84 billion in his piggy bank. But even Warren Buffett can’t compete with Bitcoin anymore which has a market cap of 135 billion for a couple of billionaires take it down? With a combined net worth of 202 billion dollars.
There are still just two individuals which hold greater wealth and all the Bitcoins in the world combined but with the entire cryptocurrency market cap jumping back over 300 billion. Things are looking up and as it grows who knows how high it can climb. Will we see cryptocurrency beat the 20 richest people with a combined net worth of 1.2 trillion. Will it climb higher than California’s GDP of 2.6 trillion. Or even someday will we see cryptocurrency be more valuable than the entirety of the United States GDP. Bitcoin is a growing boy and we’ll only have a bright future ahead.
Isn’t it interesting how much money everyone has. Nowadays in the cryptocurrency 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 cryptocurrency fat cats. Let’s take a look.
Ten 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 cryptocurrency worth is around 700 million to 1 billion dollars.
9th place. At 9th 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 dollars.
8th place. At 8th place is Anthony Diiorio co-founder of a Ethereum, founder of Jaxx and Decentral. He has about 750 million to 1 billion in his wallet. He’s financially helped the Ethereum 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 Tally Capital, Matthew Roszak. He started out as a tech entrepreneur, but in 2013 he started investing in ICO’s of new crypto currencies. His worth is estimated at around 900 million to one billion dollars.
6th place. At 6th place is Brian Armstrong. In 2012 when he was just 29 he created the largest and most popular cryptocurrency exchange called Coinbase. His work is about the same as the guy right behind him estimated at 900 million to one billion dollars.
5th 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 what his family heard about his enthusiasm for cryptocurrencies they decided it’s just another bad habit and made him so all his Bitcoins. However later he switched XRP and invested 2 million dollars. Now he’s worth about 900 million to one billion dollars. Not bad for suppose a drug addict.
4th place. In 4th place. The Winklevoss twins. After successfully suing Mark Zuckerberg for 65 million dollars in 2004. They started investing in bitcoin almost from its first days. Allegedly they invested around 11 million dollars. And by 2013 claimed to have a total of 1 percent of all Bitcoins in circulation. They’re estimated worth 900 million to 1.1 billion dollars.
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. His net worth is estimated from 1.1 to 2 billion dollars.
2nd place. Our runner up is the Ethereum co-founder and founder of a blockchain company called Consensus. He also used to run a private wealth management division. His name is Joseph Lubin. His Forbes estimated worth is pretty broad from around one billion top to five billion dollars. But the guy is a cryptocurrency billionaire. That we know for sure.
1st place. Our leader and founder and former CEO of Ripple Labs Chris Larson. He has 5.2 billion XRP so Forbes says this makes him worth about s7 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 dollars. So now you know who’s backing all your new projects. Or who you might want to approach it a cryptocurrency conference and invite for a couple drinks later.