Earlier this month, Forbes released its list of 400 wealthiest Americans for 2018. As expected, Jeff Bezos, Bill Gates and Warren Buffet still make the top 3 spots. While everyone is focused on the top of the list, there are a few new billionaires from the crypto space with Ripple Co-Founder and Executive Chairman Chris Larsen leading the pack.
Larsen barely made it into the list by landing the 383rd spot with his net worth to around $2.1 billion. This was made possible by the recent spike of XRP with their announcement of xRapid at Ripple’s Swell Conference. This is an impressive feat since his entire net worth is valued in cryptocurrencies primarily Ripple (XRP). This is a fraction of his net worth from early 2018 which was around $37 billion (as per Forbes) when XRP was trading at $2.39, making him the 15th richest American. Forbes around that time released their Crypto Rich List, which featured other notable names like Changpeng Zhao of Binance, Cameron & Tyler Winklevoss and Vitalik Buterin of Ethereum.
Chris’ meteoric rise has been primarily because of the massive growth of the cryptocurrency sector. As the Co-Founder of Ripple, which grew by 35,159 percent in 2017, has accumulated close to 5.19 billion XRP tokens which is currently trading at 40 cents. Ripple’s current CEO, Brad Garlinghouse who was also estimated to be worth $9.5 billion in early 2018 didn’t make the cut with the minimum bar set at $2.1 billion by Forbes.
Blockmanity’s Take
This was the year of the astronomical rise of Amazon and Jeff Bezos with his net worth gaining by a staggering $78.5 billion in a single year taking his total net worth to $160 billion which is way ahead of Bill Gates. With more and more billionaires taking birth in the crypto space, it’s very likely that someday a crypto Billionaire will take Bezos’ place.
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