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We are now living in the times of the digital gold rush. With the massive rise of Bitcoin and other cryptocurrencies, otherwise known as altcoins, a new class of billionaires has been created.
Early investors, builders, and issuers of cryptocurrencies have seen their fortune grown massively over the last decade. At first, the public and financial institutions were skeptical about cryptocurrencies but now, even big corporations like Square and Tesla have joined in.
Below are 10 people who have made massive fortunes in cryptocurrencies, becoming billionaires.
Cameron and Tyler Winklevoss
The first on our list is the infamous crypto twins who first got the idea for a social media platform but had their idea stolen by Mark Zukerberg. After suing Zuckerberg and Facebook, they got a settlement for $65 million which they used to invest in cryptocurrencies.
They launched their own crypto exchange called Gemini and also own the digital marketplace called Nifty Gateway. Today, they are each worth about $3 billion.
The CEO of software firm MicroStrategy made and lost a fortune in the dot com bubble. However, that wasn't the end of his story as Saylor is now worth $2.3 billion, most of it held in cryptocurrency.
Roszak has long been cryptocurrency's biggest evangelist. He first discovered bitcoin back in 2011 and bought it early. Since then he has founded Bloq, which is a blockchain infrastructure company, and an early-stage investor in crypto startups.
Tim has long been a venture capitalist well known in Silicon Valley. Back in 2014, the US Marshall auctioned off assets of the Silk Road Dark Web. Among these assets was 30,000 bitcoins which Tim Draper bought for $632 a coin. Now given that one bitcoin is valued at close to $60,000, it can be said his investment in bitcoin was definitely right. His net worth is estimated at $1.5 billion.
The CEO and co-founder of Coinbase have seen his net worth grow six-fold as interest in cryptocurrencies keeps on rising worldwide. Coinbase which recently went public on the stock market has established itself as the biggest crypto exchange marketplace in the world. Brian Armstrong is now worth about $6.5 billion.
Fred co-founded Coinbase with Brian Armstrong in 2012 but has since the company in 2017. Today he runs a crypto-focused asset management firm called Paradigm and still remains a board member of Coinbase. His stake at Coinbase is worth an estimated $1.9 billion.
Barry is another early adopter of digital currencies. He is the founder of major cryptocurrency news sites called CoinDesk and also asset management firm Grayscale which owns over $44 billion worth of Bitcoin, Ether, and other assets.
Zhao is the founder of one of the most popular crypto exchanges in the world called Binance. Since creating the platform in 2017, his fortune has grown to an estimated $1.9 billion. The majority of his net worth is from cryptocurrencies including Bitcoin, Ethereum, and the native Binance utility coin — Binance Coin (BNB)
Chris co-founded Ripple which is a blockchain-based remittance and payment settlement system that uses XRP for cross-border transactions. Before creating Ripple, Larsen also co-founded several other multi-million dollar companies. Today He has a 17% stake in Ripple Labs and owns over 3 billion XRPs. Ripple has over 100 customers, including American Express and Santander.
Sam Bankman Fried
And finally, the cryptocurrency’s wealthiest billionaire is a 29-year-old MIT grad. He founded the quantitative trading firm Alameda Research and popular derivatives exchange FTX. Sam’s cryptocurrency portfolio alone is worth about $8.7 billion making him the richest crypto billionaire in the world.