The 11 Richest Cryptocurrency Billionaires in the World

Bitcoin is the most valuable and the best-known crypto in the world right now. In July 2010, Bitcoin began trading at $0.09. As of today, the price of 1 bitcoin is close to $40,000. Many investors are making a huge fortune by buying digital currencies and holding them as they speculate that their prices will shoot upwards, giving rise to cryptocurrency billionaires.

Below is a list of the top 11 billionaires who have made a fortune from crypto.

11. Tim Draper

Net worth: $1.5 Billion

Country: United States

Residence: Atherton, California

Age: 63

Tim Draper is a venture capital investor from the United States and one of the wealthiest cryptocurrency billionaires.

In 2014, Draper bought 29,656 bitcoins seized by United States Marshals from the Silk Road black market for $18.7 million or $632 per bitcoin. Today the price of 1 bitcoin is about $38,000.

The billionaire has many venture capital investments in companies such as Tesla, SpaceX, Twitter, Twitch, Skype, Baidu, and many others. In 2013, Draper founded Draper University which partners with Arizona State University to provide an educational program that offers a crash course in entrepreneurship.

Tim is ranked at #1979 on the list of the world’s richest people.

10. Matthew Roszak

Net worth: $1.5 Billion

Country: United States

Residence: Chicago, Illinois

Age: 49

matthew-roszak

Roszak is an American cryptocurrency investor and venture capitalist. He’s the chairman and co-founder of Bloq, a blockchain tech firm that helps businesses store digital assets.

9. Michael Saylor

Net worth: $1.6 Billion

Country: United States

Residence: Vienna, Virginia

Age: 57

michael-saylor

Michael Saylor is an American entrepreneur and one of the world’s top 11 cryptocurrency billionaires. He’s a co-founder and CEO of MicroStrategy, a business analytics software company.

In October 2020, the billionaire revealed that he had personally purchased 17,732 bitcoins for roughly $175 million or $9,882 per bitcoin.

Saylor, who owns about 70% of MicroStrategy’s shares led the company to the purchase of 70,784 bitcoins for $1.1 billion or $15,964 per bitcoin in 2020. The company continues to acquire more digital assets and currently holds more than 121,000 bitcoins.

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8. Fred Ehrsam

Net worth: $2.3 Billion

Country: United States

Residence: Miami, Florida

Age: 33

fred-ehrsam

At just the age of 33, Fred is one of the richest cryptocurrency billionaires in the world. He co-founded Coinbase in 2012 and Paradigm in 2018.

Coinbase is a platform for cryptocurrency lovers to trade bitcoins and other digital currencies. The company has grown to become the biggest crypto brokerage in the United States. The billionaire owns about 6% of Coinbase.

Paradigm is a cryptocurrency investment company with over $1 billion in assets. It invests in cryptocurrencies as well as firms in the crypto market.

In 2014, Fred Ehrsam, at the age of 25, was featured on Forbe’s 30 under 30 list. After graduating from Duke University in 2010, Fred worked as a foreign exchange trader at Goldman Sachs before launching Coinbase in 2012.

7. Jed McCaleb

Net worth: $3 Billion

Country: United States

Residence: Berkeley, California

Age: 47

Jed is an American programmer who co-founded Stellar (in 2014) and Ripple (in 2012). He’s currently the Chief Technology Officer (CTO) of Stellar. The billionaire is also known for creating Mt. Gox, the first major platform for Bitcoin exchange. He later sold the firm one year later.

After founding Ripple, Jed owned about 9 billion XRP. Today, he owns about 3.4 billion XRP (Ripple) which accounts for most of his wealth. In 2018, it was reported that the XRP he holds was worth about $20 billion.

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6. Barry Silbert

Net worth: $3.2 Billion

Country: United States

Residence: Rye, New York

Age: 45

barry-silbert

Barry Silbert is the founder and CEO of Digital Currency Group (DCG), a venture capital investment firm focusing on the digital currency market. The former investment banker also founded SecondMarket, a stock trading platform in 2004. He sold the company to Nasdaq in 2015.

One of its subsidiaries, Grayscale investments is the largest asset manager for digital currency, managing $28 billion worth of Ether, Bitcoin among other assets. Digital Currency Group has made investments in over 200 cryptocurrency startups.

Barry Silbert is currently one of the wealthiest cryptocurrency billionaires in the world right now.

4. Cameron Winklevoss and Tyler Winklevoss

Net worth: $3.8 Billion

Country: United States

Residence: New York, New York

Age: 40

Cameron and Tyler are identical twins who co-founded the cryptocurrency exchange Gemini. It allows customers to buy, sell and store digital currencies. The crypto exchange undertakes an estimated $200 million worth of transactions every day. Cameron is the President while Tyler serves as the CEO of Gemini.

In 2004 the brothers sued Facebook founder, Mark Zuckerberg for stealing their idea which he used to create Facebook. The case was settled in 2008 with a $65 million payment to the Winklevoss brothers. They then used some of this money to acquire bitcoins and are believed to own about 70,000 bitcoins today. According to Forbes, each of the twins owns about $1.5 billion worth of cryptocurrencies.

The two are former Olympic rowers. They also founded Winklevoss Capital Management in 2012, which provides infrastructure and seed funding to new startups.

Cameron is a cofounder of Guest of a Guest, a blog that focuses on nightlife and parties in New York City, Washington, the Hamptons, and Los Angeles.

Also Read: The World’s 20 Cleanest Countries

3. Chris Larsen

Net worth: $6 Billion

Country: United States

Residence: San Francisco, California

Age: 61

chris-larsen

Last year he was featured at #3 on the Forbes Crypto Rich List 2021. As of today, Chris Larsen remains the world’s 3rd wealthiest cryptocurrency billionaire.

In 2012, Chris co-founded Ripple together with Jed McCaleb (who is also on this list). He’s now the executive chairman of Ripple after stepping down as CEO in 2016.

Before Ripple, Chris who holds an M.B.A from the Stanford Graduate School of Business cofounded e-Loan in 1996 and Prosper in 2005.

With a net worth of $6 billion, Chris Larsen is the 460th richest person in the world.

2. Brian Armstrong

Net worth: $7.3 Billion

Country: United States

Residence: San Francisco, California

Age: 39

brian-armstrong

He’s the third-youngest and the second on the list of the richest cryptocurrency billionaires. Armstrong is the CEO of Coinbase, a cryptocurrency exchange platform. Brian co-founded Coinbase together with Fred Ehrsam in 2012. Coinbase is the largest cryptocurrency exchange in the U.S by trading volume.

Armstrong owns 19% of Coinbase. In 2020 the crypto firm had revenues in excess of $1.3 billion. Although Fred Ehrsam left the firm in 2017 he still holds a 6% stake in the company and serves on the board of directors.

Also

1. Sam Bankman – Fried

Net worth: $24.5 Billion

Country: United States

Residence: Bahamas

Age: 29

sam-bankman-fried

Sam is the wealthiest and the youngest billionaire in cryptocurrency. He’s the founder and the Chief Executive Officer of FTX, a cryptocurrency exchange company. FTX was founded in 2019 and has over a million users. The exchange facilitates transactions worth over $10 billion every day.

According to statista.com, FTX is the 11th largest cryptocurrency exchange in the world as of 2022. Sam is a graduate of Physics and Mathematics from the Massachusetts Institute of Technology.

The 29-year-old is the 64th wealthiest person globally and was featured at #32 on the Forbes 400 2021 list.

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