Published: 04/06/2022
Article reading time:
2 minutes.
Amid the global development of the digital asset market, the popular business publication Forbes reported an increase in the number of crypto billionaires in the list of the richest people in the world.
Forbes has published a new ranking of billionaires who have made their fortune in cryptocurrency activities. The appearance of seven new businessmen this year expanded the last year’s list of the publication by 58%. Now the list of wealthy people from the crypto industry includes 19 billionaires.
The founder and head of the Binance crypto exchange, Changpeng Zhao, still tops the list of cryptocurrency billionaires and is ranked 19th among the richest people in the world according to Forbes. In 2021, Zhao’s wealth dropped from an estimated $96 billion to $65 billion, while Binance’s CEO retained a leadership position in the crypto industry.
Second place went to FTX Founder and CEO Sam Bankman-Fried, with a net worth of $24 billion. His assurances that he intends to give away most of his fortune have made him the Robin Hood of the cryptocurrency world. Perhaps the current $24 billion is too modest an amount to donate to a good cause.
Coinbase CEO and founder Brian Armstrong, with a net worth of $6.6 billion, ranked third on the rating agency’s list. Chris Larsen from Ripple and the Uniklovos twins from Gemini, each with a fortune of about $4 billion, failed to enter the top three.
Newcomers to the rankings include FTX co-founder and CTO Gary Wang, with $5.6 billion worth of capital he earned from a 16% stake in the company. Web3 Alchemy co-founders Nikil Viswanathan and Joseph Lau each made $2.4 billion.
The founders of the OpenSea NFT trading platform, Devin Finzer and Alex Atallah, also took places in the Forbes ranking – each earned $ 2.2 billion in the collection token market.
In addition, the ranking includes the founder of the South Korean exchange Upbit, Song Chi-hyung, who is reportedly worth $3.7 billion, and the executive vice president of the South Korean company Dunamu, Kim Hyoung-nyon, who owns almost 13% stake in Upbit and a capital of $1.9 billion.
Recall that in February, the Binance cryptocurrency exchange bought a stake in Forbes magazine for $200 million and became the second largest shareholder of the influential US business publication.
Source: Bits
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
