Six New Crypto Billionaires Join Forbes 2021 List Of 400 Richest People In America

2021-10-7 15:00

Forbes 400 rich list for 2021 welcomes six new cryptocurrency billionaires. These names are all prominent in the crypto industry. These six people have joined a Ripple co-founder who appeared on the list last year. In total, there are now seven names on the list who are crypto billionaires. This is the first time seven billionaires who built their fortune in cryptocurrencies make the list of America’s richest.

Related Reading | Forbes Names Ripple Co-Founder Chris Larsen as Wealthiest from Crypto

Although none of them feature in the top 100, the growth of the crypto industry over the past few years made a noticeable increase in their net worths.

7 Crypto Billionaires On The Forbes List

According to an October 5 Forbes article, the crypto billionaires are collectively worth an estimated $55.1 billion. The newcomers join Chris Larsen, who co-founded Ripple in 2012. Larsen stepped down as Ripple CEO in December 2016. However, he remains executive chairman. He appeared on the list last year with a net worth of $2.7 billion. Today, his wealth is approximately $6 billion. This increase in net worth happened despite the ongoing legal battle between Ripple and the SEC.

The list of newcomers includes the richest Billionaire in crypto, Sam Bankman-Fried. According to Forbes, his net worth is $22.5 billion, almost half of the total crypto collective worth on the list. The 29-year-old is the richest Billionaire under 30 since Mark Zuckerberg and is the youngest on the list. Bankman-Fried is the founder and CEO of FTX Cryptocurrency exchange. His fortune nearly doubled with the closure of FTX’s $900 million Series B fundraise. The majority of his wealth is tied up in FTX’s equity and tokens (FTT).

Related Reading | Crypto Exchange FTX Raises $900M At An $18B Valuation, Breaks From Binance

The Forbes list also includes Coinbase founders Brian Armstrong and Fred Ehrsam. Armstrong owns an estimated 19% in Coinbase. While Ehrsam left the company in 2017, he remains a board member. He is also the co-founder and managing partner of crypto-focused investment firm Paradigm.

Cameron Winklevoss and Tyler Winklevoss, twin co-founders of cryptocurrency exchange, Gemini are also on the list. They have a net worth of $4.3 billion each.

Finally, Jed McCaleb, an early pioneer in the blockchain space, is also a newcomer on the Forbes list. He co-founded and served as the CTO of Ripple until 2013. He also launched the first major bitcoin exchange, Mt. Gox. Most of his $3 billion net worth comes from his XRP stake as a Ripple co-founder.

Growing Crypto Interest Increases Number Of Billionaires

According to Forbes, the increase in the number of crypto billionaires is mostly a product of growing interest in the crypto space. The surge in the prices of digital currencies attracts more institutional investors. Additionally, several startups, including Ripple, Kraken, Circle, BlockFi, and eToro, have announced or hinted at plans of going public. If this happens, more names in the crypto space may appear on Forbes 400 list.

Total crypto market cap at $2.18 Trillion | Source: Crypto Total Market Cap from TradingView.com

Also, more regulators around the world are making efforts to recognize cryptocurrencies. The regulations that they make directly or indirectly affect the movement of the market. This movement, in turn, affects the wealth of those in the space.

Featured image from Forbes, Chart from TradingView.com

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Six Domain Chain (SDA) íà Currencies.ru

$ 0.001316 (+4.00%)
Îáúåì 24H $2.656k
Èçìåíåèÿ 24h: 11.03 %, 7d: -34.40 %
Cåãîäíÿ L: $0.001316 - H: $0.001316
Êàïèòàëèçàöèÿ $138.849k Rank 99999
Äîñòóïíî / Âñåãî 105.511m SDA

six list people crypto new billionaires these

Èñòî÷íèê: bitcoinist.com

six list → Ðåçóëüòàòîâ: 59


Ôîòî:

Stock Exchange SIX Aims to List Bitcoin on SDX, Crypto Trading Platform to Launch This Summer

On March 17, a report detailed that the digital exchange being developed by Switzerland’s principal stock exchange SIX is preparing to launch by the summer of 2021. The exchange called SIX Digital Exchange (SDX) reportedly will also offer bitcoin, alongside the possibility of non-fungible token (NFT) assets like tokenized works of art. SIX to Launch […]

2021-3-18 17:30


Understanding PLONK

Special thanks to Justin Drake, Karl Floersch, Hsiao-wei Wang, Barry Whitehat, Dankrad Feist, Kobi Gurkan and Zac Williamson for review Very recently, Ariel Gabizon, Zac Williamson and Oana Ciobotaru announced a new general-purpose zero-knowledge proof scheme called PLONK, standing for the unwieldy quasi-backronym “Permutations over Lagrange-bases for Oecumenical Noninteractive arguments of Knowledge”.

2019-9-24 04:03


Ôîòî:

Six Addresses Are Dominating Ethereum (ETH) Usage Right Now

Six addresses seem to be the most active ones on Ethereum, burning up above 45% of all gas. All seem related to a single smart contract, awakening the suspicion of Reddit users. Six Wallets Circle Funds with One Smart Contract The common thread between the six most active wallets on the Ethereum network is that they are all communicating with contract “0x01eacc3ae59ee7fbbc191d63e8e1ccfdac11628c”.

2019-9-20 17:00


Developer Finds Concerning Issue with one of Ethereum Istanbul Hard Fork’s EIP

Recently, Ethereum core-developers finalized a list of six code changes to be activated for the next system-wide upgrade of Ethereum Network called Istanbul. The update will be executed in two parts, with the first one featuring all six code changes with a tentative date in October while the second one will feature Ethereum Improvement Proposals […]

2019-8-31 19:51


History Shows Reserve Currencies Come & Go, So, Central Banks Stockpile Gold, Is Bitcoin Next On The List?

History Shows Reserve Currencies Come & Go, So, Central Banks Stockpiling Gold, Is Bitcoin Next On The List? Central banks and foreign governments buying gold at the fastest pace in six years US Dollar’s days as a reserve currency are numbered Just a decade old, Digital gold – Bitcoin could emerge as a global reserve […]

2019-5-17 22:17


Ôîòî:

Carrefour wants to track 20% of its products on the blockchain by 2020

Carrefour is betting big on distributed ledger tech. The french supermarket behemoth wants to track 20 percent of all of its in-house products on the blockchain by the end of 2019. The retailer already uses the technology to track 20 out of its 300 Carrefour-branded products across the supply chain, but it plans to add about 40 more goods to the list over the coming months, Carrefour blockchain program director Emmanuel Delerm told Hard Fork.

2019-4-17 14:13


Ôîòî:

As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.

2019-3-5 20:20


Here’s What Skeptics of Tesla’s $35,000 Model 3 Aren’t Saying

Over at CNN Business, they’re asking: is this week’s arrival of a $35,000 Tesla Model 3 “too little, too late?” How did they come up with such a negative question to ask about the Tesla Model 3? Despite the six to nine month waiting list for a new Tesla, which is down from prior wait times of 12 to 18 months, people are still lining up with a $1,000 cash deposit to wait months for the electric vehicle: “Tesla said the new wait time for both its long-range and dual-motor version and its performance version of the Model 3 is now The post Here’s What Skeptics of Tesla’s $35,000 Model 3 Aren’t Saying appeared first on CCN

2019-3-2 04:51


äàëüøå åùå 10 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Àíàëîã Notcoin - Blum - Èãðàé è çàðàáàòûâàé Ìîíåòû



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

SEC approves first crypto ETFs combining Bitcoin and Ethereum

The crypto market has reached a significant milestone as the US Securities and Exchange Commission (SEC) approves two groundbreaking exchange-traded funds (ETFs). The Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF offer a unique proposition, blending spot Bitcoin and Ethereum investments into one streamlined package.