In 2007, there was concern that cryptocurrencies may turn out to be a tragedy. But it is among the trendiest assets that everybody is looking at in 2021. Numerous organizations and industry experts have realized the significance of digital currencies ever since. The cryptocurrency billionaires on the following list can attest to the fact that the cryptocurrency environment is changing.
Top 7 Crypto Billionaires
As the cryptocurrency economy grows, so will the number of billionaires in the sector. In this post, we have looked at Forbes’s top billionaires list and have prepared our own list of the top 7 crypto billionaires. This list will start with Sam Bankman Fried and end with CZ from Binance, who are two of the most famous faces in the crypto industry.
- Sam Bankman Fried
Sam Bankman-Fried is the top crypto billionaire in the world. The MIT graduate founded Alameda Research and FTX, which is a prominent derivatives cryptocurrency exchange, at the age of 29. Sam Bankman-Fried joined the crypto world 4 years after graduating from MIT.
He had been in California when he discovered that cryptocurrencies were sold at different prices in various countries on various occasions. This was an excellent opportunity for a resourceful individual to profit by using a standard arbitrage strategy. And this was to buy something at a cheaper price in the US and earn more profit from selling the token at a higher price in a different market, like Japan. This strategy became problematic when financial firms sought to close his accounts as he attempted to swiftly transfer considerable amounts of money. However, those early efforts netted him huge sums of money.
Sam Bankman Fried’s net worth is estimated at around $8.7 billion at the time of writing.
- Brian Armstrong
Brian Armstrong, the CEO of the Coinbase cryptocurrency exchange, has seen his income more than quadrupled in the last year as a result of the cryptocurrency interest rate hike. Coinbase recently positioned itself as one of the leading cryptocurrency exchanges in the United States, with sales exceeding $1 billion the year before. The Coinbase Company has recently filed for an IPO.
Brian Armstrong’s net worth is estimated at around $6.5 billion at the time of writing.
- Cameron Winklevoss and Tyler Winklevoss (The Winklevoss Twins)
The Winklevoss twins, who founded the cryptocurrency exchange Gemini, started to invest in cryptocurrency in 2012. The benefits of early investment amounted to millions and millions of dollars for both the brothers. The trading volume on Gemini has increased substantially over the previous year, similar to several other exchanges.
The Winklevoss Twins’ net worth is estimated at around $6 billion (together) at the time of writing.
- Chris Larsen
The value of Ripple’s XRP coin skyrocketed, boosting its co-founder and chairman’s income by $800 million. With a net worth of $3.4 billion, Larsen occupies third place among crypto billionaires if you don’t put the Winklevoss Twins’ net worth together. With a 17 percent ownership in Ripple Labs, the creator presently owns almost 3 billion XRP coins.
Chris Larsen’s net worth is estimated at around $3.4 billion at the time of writing.
- Michael Saylor
Michael Saylor seemed to be one of the greatest Bitcoin enthusiasts in the previous year. Saylor has already been buying cryptocurrencies with every penny he can get his hands on, and it looks like the risk has paid off nicely.
With a total net worth of $2.3 billion, Michael Saylor, the CEO of MicroStrategy company, earns his debut entry on Forbes’ crypto billionaires list. The rise in Bitcoin prices over the previous 6 months may be ascribed to Saylor’s fast rise in net worth.
Michael Saylor’s net worth is estimated at around $2.3 billion at the time of writing.
- Jed McCaleb
NET WORTH: $2 BILLION
McCaleb is another co-founder of Ripple who derives most of his income from his XRP assets. McCaleb departed Ripple in 2013 to concentrate on Stellar, which is a new venture that debuted in 2014. Stellar is a decentralized payment system that focuses on making transferring digital currencies and fiat currencies more convenient and affordable.
Jed McCaleb’s net worth is estimated at around $2 billion at the time of writing.
- Changpeng Zhao
CZ, or Changpeng Zhao, is the CEO and founder of Binance, the world’s largest crypto exchange. The Chinese-Canadian programmer holds a 30% interest in the firm, according to estimates. Binance’s overall trading volume was expected to exceed $2 trillion in 2020. Zhao is currently stationed in Singapore on a temporary basis.
Changpeng Zhao’s net worth is estimated at around $2 billion at the time of writing.
Although the crypto industry is still very much in development, the evolution of the sector has demonstrated the need for big capital. The rise in cryptocurrency popularity and utilization rewarded crypto exchange entrepreneurs more than any other. Other crypto entrepreneurs are also expected to be on the billionaire’s list in 2022.
You won’t become a billionaire in a day, but you’ve got a better chance at becoming one by starting to trade crypto. Begin your journey on Bitunivex.com and become a part of the community.