Ripple Co-Founder Chris Larsen Wins Richest Entrepreneur in Crypto Industry on Forbes 400
Business publication Forbes last week released a new list of the 400 richest people in the United States, in which the fortune of Chris Larsen, co-founder of Ripple, was estimated at $ 2.1 billion, which put him at 383rd place in the ranking..
Jeff Bezos, who last year had $ 78.5 billion and now has $ 160 billion, has finally surpassed Bill Gates, who occupied the first line for 24 years in a row. Larsen is on this list for the first time – as is Dropbox CEO Drew Houston.
The rich seem to be getting richer again, with the 2018 Forbes 400 boasting the highest admission threshold ever at $ 2.1 billion. In addition, the average number of assets held by the 400 richest people in the world has also grown and now stands at $ 7.2 billion (0.5 billion more than a year ago)..
According to a study by Credit Suisse published in early 2018, the first percent of the wealthiest people in the world own more than half of the world’s wealth, and by 2030, this ratio, based on current growth rates, could increase to 2/3.
Larsen reportedly owns 5.19 billion XRP tokens as well as Ripple stock. In January, Forbes estimated Larsen’s net worth at $ 37.3 billion. Then the XRP token was worth $ 2.39, and at the time of this writing – $ 0.47.
As for the CEO of Ripple, Brad Garlinhouse, his fortune thanks to Ripple in January was estimated at $ 9.5 billion. However, due to the volatility of XRP and other crypto markets, the total value of its assets has dropped below the threshold for entering the Forbes 400 list..
Forbes published a list of the richest crypto entrepreneurs in February, but it obviously already needs to be adjusted due to the changing balance of power in the crypto market this year. Larsen came first on that list, second was Joseph Lubin (co-founder of Ethereum and founder of ConsenSys), and third was Binance CEO Changpeng Zhao..
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