7 cryptocurrency billionaires selected for 2021 Forbes 400: SBF ranks first in the field

On Tuesday, the 2021 Forbes 400 list was released “Forbes 400”. The list selected the richest Americans in 2021. For the first time in history, seven billionaires from the cryptocurrency field entered the list— -Six of them are newcomers.cryptocurrency

The seven are: Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, Fred Ehrsam, co-founder of crypto exchange Coinbase, Brian Armstrong, CEO of Coinbase, Cameron Winklevoss and Tyler Winklevoss, founders of crypto exchange Gemini, and  Jed , co-founder of Ripple McCaleb and Chris Larsen.

Chris Larsen entered the list with a net worth of US$2.7 billion last year. Today, his net worth is estimated at 6 billion U.S. dollars.

The following are sorted in descending order of net assets:

1. Sam Bankman-Fried


The total worth of the seven billionaires is estimated at US$55.1 billion. Among them, $22.5 billion belonged to the same person: 29-year-old Sam Bankman-Fried, CEO of crypto derivatives exchange FTX. Within two years, Bankman-Fried has established one of the largest trading platforms in the industry, with a daily trading volume of US$13.8 billion. In July, FTX completed a US$900 million B round of financing with a valuation of US$18 billion, which is the largest venture capital round in the crypto sector to date.

2. Brian Armstrong


Net assets: $11.5 billion. After the CEO and co-founder of Coinbase, the largest cryptocurrency exchange in the United States, led the company to go public in April, his personal wealth has grown steadily. Armstrong holds approximately 19% of Coinbase.

3. Chris Larsen


Net assets: 6 billion US dollars. Although the litigation battle between Ripple and the US Securities and Exchange Commission is still ongoing, as the value of XRP tokens soars, the personal wealth of Ripple’s sole veteran, co-founder and chairman has increased by $3.3 billion.

4 和 5. Cameron Winklevoss 和 Tyler Winklevoss


Net worth: US$4.3 billion per person. In April, the brothers of the founders of the cryptocurrency exchange Gemini appeared on the cover of Forbes World Billionaires 2021, which was sold in the form of NFT tokens. The work called “Merchants of the Metaverse” was sold for $333,333 in an auction on its digital art platform Nifty Gateway.

6. Fred Ehrsam


Net assets: 3.5 billion US dollars. Fred Ehrsam co-founded Coinbase with Armstrong in 2012. He left in 2017, but in addition to leading Paradigm, an investment company focused on cryptocurrencies, he is still a member of Coinbase’s board of directors.

7. Jed McCaleb


Net assets: 3 billion US dollars. McCaleb is an early pioneer in the blockchain field. He helped found three well-known crypto companies, including Ripple and the famous Bitcoin exchange Mt. Gox, which he sold before it was hacked. Most of McCaleb’s wealth comes from his XRP shares as the co-founder of Ripple.

The total net worth of the seven crypto billionaires is $55 billion. The 29-year-old Sam Bankman-Fried is the richest billionaire under 30 since Zuckerberg. In addition, Brian Armstrong (38 years old) and Fred Ehrsam (33 years old) are both included in the list of billionaires under 40.

The increase in the number of crypto billionaires is mainly due to the surge in institutional investors’ interest in the field, as cryptocurrencies have set new price records across the board. Since September 2020, Forbes published the list, bitcoin prices soared from $ 10,128 to $ 50,078, the second largest currency encryption Ethernet Square up nearly 1,000%, the total market value of currency encryption topped $ 1 trillion to May reached 2.4 The peak of trillions of dollars. The inclusion of seven crypto entrepreneurs on the list reflects the growing popularity of cryptocurrency in mainstream culture and institutional investors’ bets on the future development of the industry.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/7-cryptocurrency-billionaires-selected-for-2021-forbes-400-sbf-ranks-first-in-the-field/
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