10 Billionaires Who Made A Fortune Investing In Cryptocurrency
Today’s cryptocurrency is not the same as it was a decade ago. It’s one of the most popular investment opportunities. As of now, there are close to 16,000 cryptocurrencies, including Bitcoin, Dogecoin, Ethereum, and others. Despite the fact that investing in cryptocurrency is deemed risky, some organizations and corporate executives have recognized its potential, made investments, and amassed fortunes worth billions of dollars.
Let’s meet some of the world’s wealthiest people.
1. Sam Bankman-Fried – $26.5 billion
Sam Bankman-Fried, the co-founder and CEO of FTX, one of the world’s most well-known crypto exchanges, is also the world’s wealthiest 29-year-old, according to Forbes. Sam began trading cryptocurrency in late 2017 and founded FTX, his own exchange, in 2019.
2. Brian Armstrong – $12.8 billion
Brian is the CEO of Coinbase Global, the largest bitcoin exchange in the United States. He formerly worked for Airbnb as a software engineer. In 2012, he co-founded Coinbase.
3. Chris Larsen – $6 billion
Chris Larsen, co-founder and former CEO of Ripple, founded the company in 2012 as a blockchain-based payments system for banks. In the realm of cryptocurrencies, he is regarded as an expert.
4. Cameron Winklevoss & Tyler Winklevoss – $4.3 billion each
The Winklevoss brothers, often known as the Winklevoss twins, lost control of Facebook in 2008 after a legal battle with Mark Zuckerberg. They alleged he plagiarised their idea as well as some of the code he was contracted to write. At the 2008 Beijing Olympics, they also finished sixth in the men’s pairs rowing event.
However, they are now known for something else. Bitcoin billionaires and crypto pioneers. They began investing in Bitcoin in 2012, with a $10 million initial commitment. The cryptocurrency was only $8 per unit back then. It is now worth more than $60,000.
5. Fred Ehrsam – $3.9 billion
In 2012, Ehrsam co-founded Coinbase, which is currently the world’s largest cryptocurrency exchange. While leaving Coinbase in 2017, he created Paradigm, crypto investing firm. He recently sparked controversy by claiming that 90% of NFTs created will have little to no value in three to five years.
6. Jed McCaleb – $3 billion
McCaleb was a key figure in the founding of three well-known cryptocurrency companies: Mt. Gox, Ripple, and Stellar. The estimated 3.4 billion XRP he still controls accounts for the majority of his wealth. He started with 9 billion XRP.
7. Michael Saylor – $2.5 billion
During the dot-com bubble in the 1990s, the CEO of software firm MicroStrategy was in the news for losing $6 billion in a single day. At the time, his company had virtually completely collapsed.
He now possesses billions of rupees worth of bitcoins.
8. Changpeng Zhao – $1.9 billion
CZ (as he is known) is the founder and CEO of Binance, the world’s largest cryptocurrency exchange. He is currently residing in Singapore. In 2020, his company is expected to make between $800 million and $1 billion in profit.
9. Barry Silbert – $1.9 billion
Digital Currency Group (DCG), a conglomeration of five cryptocurrency-focused enterprises, was founded and is led by Barry. His firm has also invested in at least 200 cryptocurrency businesses.
10. Matthew Roszak – $1.5 billion
Barry created and leads Digital Currency Group (DCG), a conglomerate of five cryptocurrency-focused businesses. His company has also made at least 200 cryptocurrency investments.
The majority of these individuals began investing in cryptocurrencies at a young age and now own cryptocurrency worth billions of dollars.
How many of these were you familiar with?
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