10 Richest People in Crypto in 2024

After enduring a long crypto winter, the market is back with renewed energy in 2024. Previously shrunken, it now bursts with activity, much like it did before the previous bear runs. As always following significant shifts in the crypto sphere, new dominant figures in cryptocurrency have emerged, earning themselves the title of crypto billionaires.

In the past year, Bitcoin‘s value has more than doubled, reaching an unprecedented $73,000 in March. This significant increase not only invigorated the market but also produced a new crop of billionaires. You can refer to them as blockchain billionaires or crypto tycoons. Here are the ten wealthiest individuals in the crypto sphere in 2024.

Top 10 Crypto Billionaires

Based on Forbes’ 2024 Billionaires List, more crypto billionaires were created this year than in the previous year. Specifically, there are now 17 crypto billionaires compared to just nine in 2023. Here are the top ten of them:

10. Jedburgh McCaleb

McCaleb is renowned for establishing the initial significant Bitcoin exchange, Mt. Gox, responsible for processing approximately 70% of global Bitcoin transactions. His net worth is approximated at around $2.9 billion.

9. Matthew Roszak

Roszak became a Bitcoin investor back in 2010 and is now estimated to have a net worth of over $3.1 billion. The majority of his fortune came from wisely investing in different cryptocurrency initiatives at their onset.

8. Fred Ehrsam

In 2012, Ehrsam co-founded Coinbase with Armstrong. Later on, he chose to depart from the company while retaining approximately 5% ownership of its shares. Presently, his wealth is estimated to be around $3.2 billion.

7. Chris Larsen

The co-founder and former CEO of Ripple is estimated to be worth $3.2 billion. Not only does he have an 18% stake in the company, but he also reportedly has over 2.8 billion XRP tokens and nearly $1 billion in cash investments.

6. Jean-Louis van der Velde

Van der Velde’s old and new net worths, depicted in his figures, align perfectly with Ardoino’s. Currently, van der Velde holds approximately 20% ownership of the company and acts as a representative figurehead, playing a crucial role in forging partnerships between Tether and banks, as well as regulatory bodies.

5. Paolo Ardoino

The Tether CEO is now worth $3.9 billion, up from $1.8 billion last July.

4. Michael Saylor

In terms of percentage growth, Michael Saylor has experienced the most significant increase in wealth from cryptocurrencies. His net worth has skyrocketed from $760 million to an astonishing $4.4 billion. The value of MicroStrategy’s shares has surged by almost 500% compared to last year. Additionally, Michael personally owns approximately 17,732 Bitcoins, contributing to this substantial gain.

3. Giancarlo Devasini

With a net worth of approximately $9.2 billion, Devasini serves as the Chief Financial Officer at Tether. It’s believed that she owns around 47% of the company. Her estimated wealth was reported to be around $4 billion according to evaluations conducted last July.

2. Brian Armstrong

The head of Coinbase, Brian Armstrong, now shares the title of crypto tycoon with CZ, boasting an estimated net worth of $11.2 billion – a significant increase from last year’s $2.2 billion. This substantial growth in wealth can be attributed to Coinbase’s stock value quadrupling within the past year.

1. Changpeng Zhao (CZ)

The visionary founder and former CEO of Binance, now facing legal issues, holds the title of the wealthiest individual in the crypto sphere. His fortune, approximated at an impressive $33 billion, marks a significant increase from last year’s $10.5 billion assessment.

Growing Relevance of Crypto

The people cited earlier serve as proof that cryptocurrency is becoming increasingly significant in various aspects of existence. Wealthy figures like CZ, who’s ranked first among crypto billionaires for three years in a row, have presumably mastered profiting from the rapidly changing crypto market. Meanwhile, newcomers to this list, such as Michael Saylor, demonstrate the immense possibilities within the digital asset realm.

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2024-04-03 17:13