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The 2024 crypto elite: Unveiling the richest billionaires in the world of cryptocurrencies

In a landscape where digital currencies continue to reshape traditional notions of wealth, the latest report on the richest crypto billionaires offers a fascinating glimpse into the individuals driving this financial revolution. With fortunes rivaling those of traditional tycoons, these digital pioneers stand as beacons of a new era in global economics.

According to the Forbes, the top echelon of the cryptocurrency world boasts a formidable lineup of billionaires whose fortunes have soared amidst the volatile yet lucrative market of digital assets.

Changpeng Zhao

For the third consecutive year, Changpeng Zhao, the founder and former CEO of Binance, retains his title as crypto’s wealthiest individual. Despite facing U.S. money laundering charges in November, Zhao, often referred to as CZ, has seen his wealth skyrocket to an estimated $33 billion, a significant jump from $10.5 billion the previous year. The majority of his fortune stems from his controlling stake in Binance, which continues to dominate the global trading scene by volume.

Among this year’s notable gainers are Michael Saylor, CEO of MicroStrategy, and Brian Armstrong, CEO of Coinbase. Saylor’s estimated wealth has surged to $4.4 billion from $760 million last year, while Armstrong’s fortune has ballooned to $11.2 billion from $2.2 billion. This substantial increase is attributed to the remarkable performance of their companies’ publicly traded shares, with both Coinbase and MicroStrategy witnessing over a fourfold surge in value over the past 12 months.

The ranks of Forbes’ annual billionaires list welcome new additions such as Giancarlo Devasini, Paolo Ardoino, Jean-Louis van der Velde, and Stuart Hoegner. These individuals are the largest shareholders of Tether, a controversial yet immensely profitable stablecoin issuer. The crypto elite also include familiar faces like the Winklevoss twins, renowned venture capitalist Tim Draper, and Jed McCaleb, a Ripple co-founder and aspiring space entrepreneur.

Full list of the top crypto-billionaires according to the Forbes:

  1. Changpeng Zhao | Net worth: $33 billion | Source of wealth: Binance
  2. Brian Armstrong | Net worth: $11.2 billion | Source of wealth: Coinbase
  3. Giancarlo Devasini | Net worth: $9.2 billion | Source of wealth: Tether
  4. Michael Saylor | Net worth: $4.4 billion | Source of wealth: MicroStrategy, Bitcoin
  5. Paolo Ardoino | Net worth: $3.9 billion | Source of wealth: Tether
  6. Jean-Louis van der Velde | Net worth: $3.9 billion | Source of wealth: Tether
  7. Chris Larsen | Net worth: $3.2 billion | Source of wealth: Ripple, XRP
  8. Fred Ehrsam | Net worth: $3.2 billion | Source of wealth: Coinbase, Paradigm
  9. Matthew Roszak | Net worth: $3.1 billion | Source of wealth: Bitcoin, Ethereum
  10. Jed McCaleb | Net worth: $2.9 billion | Source of wealth: XRP sales
  11. Tyler Winklevoss | Net worth: $2.7 billion | Source of wealth: Bitcoin, Gemini
  12. Cameron Winklevoss | Net worth: $2.7 billion | Source of wealth: Bitcoin, Gemini
  13. Mike Novogratz | Net worth: $2.5 billion | Source of wealth: Galaxy Digital Holdings, Bitcoin
  14. Stuart Hoegner | Net worth: $2.5 billion | Source of wealth: Tether
  15. Tim Draper | Net worth: $2 billion | Source of wealth: Bitcoin
  16. Nikil Viswanathan | Net worth: $1.5 billion | Source of wealth: Alchemy
  17. Joe Lau | Net worth: $1.5 billion | Source of wealth: Alchemy

The post The 2024 crypto elite: Unveiling the richest billionaires in the world of cryptocurrencies appeared first on Crypto Reporter.

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