Binance CEO and Co-Founders of Ripple Among the Richest Crypto Billionaires: Forbes


Alex Dovbnya

Changpeng Zhao remains the world’s richest cryptocurrency billionaire, with FTX CEO Sam Bankman-Fried in second place

According to ForbesBinance CEO Changpeng Zhao is the richest person in crypto, with a net worth of $65 billion.

By comparison, CZ’s net worth was estimated at $1.9 billion last year. Forbes arrived at the eye-watering $65 million by factoring in the revenue generated by the Binance exchange last year. In 2021, the Wall Street Journal estimated that Binance could be worth $300 billion if it followed rival Coinbase in going public.

It is worth noting that it remains unclear how much crypto the Binance boss has. He reportedly owns a relatively small amount of Bitcoin and Binance Coin, the exchange’s original token.

FTX CEO Sam Bankman-Fried, who was crowned the richest crypto billionaire last year, is worth $24 billion. As reported by U.Today, FTX, one of the leading cryptocurrency exchanges, achieved a valuation of $32 billion after bringing in $400 million from investors like SoftBank and Tiger Global. Gary Wang, chief technology officer at FTX, has also appeared on the list after amassing a $5.9 billion fortune.

Brian Armstrong, CEO of Coinbase, is in third place with a net worth of $6.6 billion.

Ripple co-founder Chris Larsen, who was the lone cryptocurrency billionaire on the Forbes 400 list in 2019, now ranks only fifth despite more than doubling his net worth to $4.2 billion. Stellar’s Jed Caleb, who co-founded Ripple with Larsen, has also made the switch.

The Winklevoss twins, Digital Currency Group CEO Barry Silbert, MicroStrategy CEO Michael Saylor and venture capitalist Tim Draper are also among the remaining crypto moguls.

Tesla CEO Elon Musk is the richest person in the world with an estimated wealth of $292.8 billion.

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