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Forbes has published a new ranking of crypto billionaires in 2024

Market and Events: Forbes has published a new ranking of crypto billionaires in 2024

Forbes magazine recently published a comprehensive ranking of the richest and most influential people in the world of cryptocurrencies. This list showcases the remarkable success and influence of these billionaires in the industry. Let's find out the details about the top three people and their significant contributions.

Changpeng Zhao - Former CEO of #Binance (Estimated Wealth: $33 billion) Changpeng Zhao, also known as CZ, tops the list with an estimated wealth of $33 billion (amount was tripled since 2023). Despite challenges, including resigning as CEO of Binance and significant fines totaling nearly $200 million dollars, CZ remains steadfast. His unwavering determination and ability to overcome obstacles has solidified his position as a prominent figure in the cryptocurrency world.

Brian Armstrong - CEO of Coinbase (Estimated Wealth: $11.2 billion) Brian Armstrong, CEO of Coinbase, is second on the list with an estimated wealth of $11.2 billion ($2.2 billion in 2023). Armstrong's success is attributed to his significant stake in #Coinbase, where he owns an 18% stake. The growth of his fortune is closely linked to the company's position in the market. Despite the negative forecasts of experts, Coinbase's shares rose significantly in 2023, further strengthening Armstrong's financial position.

Giancarlo Devasini - CFO of Tether (Estimated Wealth: $9.2 billion) Giancarlo Devasini, CFO of Tether, is third on the list with an estimated wealth of $9.2 billion. Devasini is said to be the largest individual investor in the company, holding a 47% stake. His wealth is primarily due to Tether's exceptional performance. Tether's stablecoin, #USDT, has become the leader in the segment, with a capitalization of over $100 billion. In Q3 2024 alone, Tether's net profit reached an impressive $2.85 billion dollars.

The Forbes report also provides an extensive list of other famous personalities who have achieved significant success in the cryptocurrency industry:

  • Michael Sailor, founder of #MicroStrategy, who has a fortune of $4.4 billion.
  • Paolo Ardoino, CEO of Tether, and Jean-Louis van der Velde, former CEO of Tether, with a fortune of $3.9 billion.
  • Chris Larsen, co-founder of #Ripple, with a fortune of $3.2 billion.
  • Fred Ehrsam, founder of Coinbase, with a fortune of $3.2 billion.
  • Matthew Roszak, one of the first bitcoin investors, with a fortune of $3.1 billion.
  • Jed McCaleb, founder of the bankrupt #Mt. Gox exchange and co-founder of Ripple Labs, with a fortune of $2.9 billion.
  • Cameron and Tyler Winklevoss, founders of #Gemini, with a fortune of $2.7 billion each.
  • Mike Novogratz, CEO of Galaxy Digital Holdings, with a fortune of $2.5 billion.
  • Stuart Hegner, general counsel of Tether and Bitfinex, with a fortune of $2.5 billion.
  • Tim Draper, venture capitalist and early investor in #bitcoin, with a fortune of $2 billion.
  • Nikhil Viswanathan and Joe Lau, co-founders of Alchemy, with a fortune of $1.5 billion each.

These individuals have not only amassed a significant fortune, but have also played a key role in shaping the cryptocurrency landscape. Thanks to their contributions, the industry is moving forward and cryptocurrencies are becoming a force to be reckoned with on the global financial stage.

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