For the first time in history, Forbes has published a rating of rich people who have earned their wealth in cryptocurrency. The magazine is famous for regularly publishing a list of the richest people around. The rating was made with the high volatility of digital currency in mind.
Forbes published a rating of people who made their wealth on cryptocurrency. It's the first time in the history of the magazine, known for informing the public about various categories of rich people, that they make such a list. In this case, it's merely an approximate measure of their wealth, considering the high volatility of cryptocurrencies' exchange rate. This is what the cover of the new issue looks like.
First place is held by the CEO of Ripple, Chris Larsen ($7.5-8 billion).
Second is Joseph Lubin, founder of the blockchain company ConsenSys and co-founder of Ethereum ($1-5 billion).
Third, came Changpeng Zhao, CEO of the exchange Binance ($1.1-2 billion).
Fourth place is split between the brothers Tyler and Cameron Winklevoss, cofounders of Winklevoss Capital and Facebook ($900 million — $1.1 billion each).
Fifth place is held by the individual investor Matthew Mellon ($900 million — $1 billion).
Sixth place goes to Brian Armstrong, CEO of Coinbase ($900 million — $1 billion).
Seventh goes to Matthew Roszak, co-founder of Bloq and founder of Tally Capital ($900 million — $1 billion).
In eighth place is Anthony Di Iorio, co-founder of Ethereum and founder of Jaxx and Decentral ($750 million — $1 billion).
Ninth in the running is Brock Pierce, chairman of the Bitcoin Foundation and advisor for Block.One ($700 million — $1 billion).
Number ten - Michael Novogratz, CEO of Galaxy Digital ($700 million — $1 billion).
Ethereum creator Vitalik Buterin came in just 17th place. It's worth noting that Buterin's goals have little to do with accumulating personal wealth. Forbes estimates his net worth at $400-500 million.
The worth of the people in the list was calculated based on the approximate value of their cryptocurrency assets, profits after tax from trading and their stakes in the field of digital currency as they stood on 19 January 2018.
Forbes freely admits that due to the far-from-transparent conditions in which this sector operates, they may have missed several holders of large crypto assets.
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