Among them are FTXs Sam Bankman-Fried, Coinbases Fred Ehrsam and Brian Armstrong, Geminis Cameron and Tyler Winklevoss and Ripple and Stellar co-founder Jed McCaleb. Its been a wild 12 months for the world of cryptocurrencies, from the Elon Musk-fuelled ascent of Dogecoin, to Web3 innovations and non-fungible tokens [NFTs], to the wild swings in Bitcoin and other crypto tokens, Forbes said. They may not enjoy Zuckerberg-like levels of wealth, but Cameron and Tyler arent likely to find themselves short any time soon. Through numerous subsidiaries, Silberts DCG has invested in more than 200 crypto startups. SBF, as he is often known, then went on to set up the FTX exchange two years after that and is also the founder of the Serum decentralised exchange for good measure. Big-name brands like PayPal and Tesla announced that they were getting into crypto, with many more sure to follow. The $2 trillion market cap barrier has just been breached and $3 trillion cant be far away. All information on this website is informative and not a recommendation to buy or sell anything. However, a link is yet to be established between Nishad, Long Rich Technologies, and the scam. But not so long ago, the thought of anyone making serious money from the likes of bitcoin would probably have got you laughed out of the country club. Thus, filing a suo motu case against Nishad K, the main promoter under the Prize Chits and Money Circulation Schemes (Banning) Act 1978. Changpeng Zhao, founder and chief executive of cryptocurrency trading platform Binance, is the worlds richest crypto billionaire with a net worth of $65 billion, according to Forbes 2022 World Billionaires List. Alex Reinhardt, the man behind the super successful brand PLATINCOIN, has not had success delivered to his doorstep, but had to work hard for it. We'll be in your inbox every morning Monday-Saturday with all the days top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. The 36-year old Nishad K. got arrested because of cryptocurrency fraud charges. The last spot on our list goes to someone who, at a mere 17 years old, became the youngest person ever to qualify as a stockbroker in the US. His Twitter account has almost half a million crypto zombie followers who feast on reading his hundreds of articles and posts and hanging on his every word. Mr Zhao, also known as CZ, owns an estimated 70 per cent of the worlds largest cryptocurrency exchange, which this week received in-principle approval from Abu Dhabi Global Market to operate as a broker-dealer in virtual assets in the UAE capital. Coinbases listing on the Nasdaq exchange will be a big moment for the crypto space. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Some also hold him responsible for the hard fork of Bitcoin which resulted in the creation of Bitcoin Cash in 2017, though Wu denies this. Consult an expert when making financial decisions and only invest money you can afford. Also a co-founder of Coinbase along with Armstrong, Ehrsam left the exchange in 2017 and now works for crypto investment firm Paradigm. Alex Morris, CFA TSOH Investment Research Service Fort Lauderdale, Florida, United States 469 followers 376 connections Join to follow TSOH Investment Research Service University of Florida. As it turns out, the project is a scam. In 2018, he assisted to grow brands and in 2019 began . He was, however, a vocal advocate for instigating an increase in the Bitcoin networks transaction capacity. Charlie Lee is a talented programmer and computer scientist from Japan, an iconic figure in the crypto industry, and the creator of the third cryptocurrency in history: Litecoin. Some have made a lot, others not so much, while plenty like to imagine what they would have made if only they hadnt sold when they did. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. See our Cookie Policy for more information. New research proves that willpower and rewards aren't enough to build sustainable habits. CORRECTION (OCT 6, 10:54 UTC): Corrects Jed McCalebs corporate affiliation in second paragraph. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The transformation of value in the digital age. There's a lot we can learn from Elon Musk, but productivity advice isn't one of them. This website uses cookies to improve your experience while you navigate through the website. He's the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume, as of April 2018, an international cryptocurrency exchange headquartered in Hong Kong. Chris Larsen, a longtime tech exec known for cofounding a string of fintech apps, saw his net worth flirt with $20 billion . The CEO and founder of Coinbase took the crypto exchange public through a direct listing in April 2021 at a stunning $100 billion valuation. The incident they described was . In that same year, in October 2011, Lee created the open source cryptographic protocol Litecoin, an early Bitcoin spinoff of Altcoin, and also got a job at the largest Coinbase exchange. Until 2018, the name of Durov wasn't associated with cryptocurrencies, however, in that Telegram announced the development of the Telegram Open Networka secure embedded proxy and blockchain platform anonymizer. Many potential candidates have been discussed, yet the person who set this whole runaway crypto train in motion remains as mysterious and elusive as ever. The project promises to be the first stable digital currency solely developed and marketed for an E-commerce and Trading Industry. Therefore, paying for goods and services gives its users freedom from interacting with traditional businesses. April 13, 2021. Also, there is no information about the projects team members, such as its developers. After a stint as an investment banker, Silbert set up a number of projects, including SecondMarket, which allowed companies to trade illiquid assets. Since then, McCaleb has sold much of his XRP in periodic increments, adhering to a 2014 separation agreement he struck with Ripple Labs. You also have the option to opt-out of these cookies. Saylor is the CEO of software firm MicroStrategy, which made the headlines last year when it became one of the first large corporations to start adding BTC to its treasury. The involvement was kick-started by someone outside the project who tipped off the Bengaluru district police chief Abdul Karim concerning the scam. Binance (a portmanteau of binary and finance) went live in 2017 and was headquartered in Shanghai. As of March 2021, Coinbases valuation had risen to $68 billion, with the company poised to go public via a direct listing later this year. These cookies ensure basic functionalities and security features of the website, anonymously. Like many other online businesses, it has seen its revenues go through the roof as a result of the pandemic and reported $1.14 billion of revenue for 2020. Analytical cookies are used to understand how visitors interact with the website. The dispute between Zhan and Wu rumbled on for a while, though CoinTelegraph reported in December last year that a $600 million settlement had been reached between the warring pair, which resulted in the company being effectively split between the two founders. In the summer of 2017, Charlie Lee left Coinbase and completely focused on developing Litecoin. Bloomberg. Net Worth. Your email address will not be published. The cost of Libra is equal to the weighted average exchange rate of these currencies. Plenty of rich folks have made themselves even richer by getting into bitcoin early, but an elite group have amassed their fortunes largely from crypto alone. Alex Dovbnya. Posting the latest news, reviews and analysis to hit the blockchain. 17. Libra is perhaps one of the most controversial blockchain projects, and opinions are divided about it. Alex Becker is recognised as the powerful entrepreneur responsible behind successful software brands like Source Wave as well as Market Hero. Newcomers to the list include the founders of Web3 infrastructure company Alchemy and the founders of OpenSea, a marketplace for nonfungible tokens. They will also add the ability for developers to create their own applications. Having scaled the heights of crypto-based wealth, he could find himself one day plumbing some previously unthinkable lows. Although the investors are yet to come forward, the project has all the symbols relating to past Ponzi schemes. Some may find themselves displaced in the future by others currently lower down the ladder, while others may only just be getting started. The latest moves in crypto markets, in context. (A dot-com era billionaire, the 57-year-old Saylor saw his fortune plummet during the dot-com crash and in the wake of an accounting scandal.) Not so nowadays. The bull market we are currently in was kicked off by the sudden flood of institutional money into bitcoin. It wasnt always such a cosy relationship though. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. The wallet holding the bitcoins has remained untouched since 2009 and the funds in it are unlikely ever to be accessed. The cookie is used to store the user consent for the cookies in the category "Analytics". Additional signs include significant incentives for bringing new members and the lack of important information on how it operates. MEET Tiana Pongs Supermodel Set to Steal Hearts, Swiss Investors in Liechtenstein SICAV potentially damaged USD$60M to $100M, Henry Boby Jose Becomes Youngest Vice President In The Indian Corporate World At 18, Rethinking Regulations Exploring the Possibilities of Legalizing Cannabis, Interview with Pabiben The New Face Of Canada. CoinDesk journalists are not allowed to purchase stock outright in DCG. The list is made up of 19 people - all of them have an estimated net worth of more than $350 . Moreover, the websites only data is the home page stating Long Rich Technologies created it. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Still winding its way through federal courts, the case is perceived by many crypto watchers as a landmark one for future token sales. RELATED: Who are the worlds richest billionaires aged under 30? Amazon announced in mid-February it would ask its employees to come back to the office at least three days a week. This has enabled Silbert to accumulate a substantial fortune himself something, one imagines, he was always destined to do. Buterin is a true child prodigy: at the tender age of just 7, he wrote his first computer game using Excel macros! You can contact us here. So far, no investor has filed any charges against Nishad. A decade ago nobody had heard of bitcoin, bar a handful of geeks and cypherpunks in some quiet corner of the internet. Thanks to the experience of the fundraising, it took the Binance exchange only 180 days to become the world's largest cryptocurrency exchange. Here's what else you need. Alex Lightman, chief executive at TokenCommunities Plc, caught up with Proactive to discuss Forbes' first ever cryptocurrency rich list. Your email address will not be published. Alex Murdaugh's ex-housekeeper Gloria died on February 26, 2018. Probing the intersection of crypto and government. Forbes' 36th Annual World's Billionaires List: Facts And Figures 2022, Here Are The Richest Tech Billionaires 2022, The World's Richest Sports Team Owners 2022: Abramovich Drops Off As Ballmer Rises, The Countries With The Most Billionaires 2022, Forbes 36th Annual Worlds Billionaires List: Facts And Figures 2022, Trumps Net Worth Has Jumped An Estimated $600 Million Since He Left Office, How MacKenzie Scott Has Given Away BillionsAnd Is Still One Of The Worlds Richest Women, The Wealthiest Person In Crypto Climbs Into Worlds 20 Richest. In August 2017, when cryptocurrency fever first swept the world, the mobile version of the Coinbase exchange in the AppStore became the most downloaded application in the US. And remember, cryptocurrency: "It's money 2.0, a huge, huge, huge deal.' It can be hard to accurately assess peoples crypto wealth, as the market is much more volatile than those of other, more established asset classes. Both Larsen and Garlinghouse face being forced to return the proceeds of any XRP they sold as well as the prospect of multi-million dollar fines if Ripple loses the case when it goes to trial later this year. https://t.co/D8uwstozSnThe founder of the Morris Coincryptocurrencyhas been arrested in India, over allegations the crypto project was a scam to defraud unsuspecting investors out of their capital. Known as the "Bitcoin Jesus' for his promotion of Bitcoin, Roger made his first profit by buying and reselling hard drives on his summer school holidays. 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A recognizable figure for his plain T-shirts and bald pate, Armstrong raised eyebrows in 2020 after demanding his employees to refrain from political discussion at work. Since 2018, David has been responsible for the Facebook blockchain business, and since June 2019 he has headed the Calibra project. Away from the headlines about major companies allocating portions of their portfolios to crypto are the millions of retail investors also pouring money into the ecosystem. Changpen Zhao is better known in the cryptocurrency community as CZ. Alex Mashinsky (born October 5, 1965 [not verified in body]) is an Israeli-American entrepreneur and business executive. In January, the 39-year-old dropped $133 million on a Bel-Air mansion, one of the citys priciest home transactions to date. Blame it on the country. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. Cameron & Tyler Winklevoss: $1.6 billion each, Bitbuy Review: Complete Exchange Overview, Helium (HNT) Review: Hotspots Meet IoT Meets Blockchain. However, he also set aside 1 million BTC for himself at the start of the project, which has sat untouched in a wallet known to be linked to him ever since. After stints working in Tokyo and New York, he returned to Shanghai and founded Fusion Systems in 2005, a company that specialised in building trading software for banks. The presence of these seven entrepreneurs on Forbes list reflects the growing popularity of cryptocurrency in mainstream culture, and how much capital institutional investors have put into the future of the industry. The founder of investment group Digital Currency Group, Silbert has built a diversified crypto conglomerate. In August 2014, he became the vice-president of messaging products at Facebook where he heads the Facebook Messenger unit. Article continues below advertisement. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Zhan and Wu set up Bitmain in 2013 and the company was well-placed to capitalise on the crypto boom which came along afterwards, reporting revenues of $2.5 billion in 2017.