Number Of Cryptocurrency Billionaires Has Risen By 60 Percent In One Year

An update has been made to the list of crypto billionaires published by Forbes, and a considerable increase has been witnessed in the number of people who have earned huge profits in digital tokens. At present, there are 19 crypto billionaires on the respective list, including seven additional to the previous year with an expansion of nearly 58%.

The new crypto richest has also been released by the publication on Tuesday, however, the person remains the same. CZ (Changpeng Zhao), the founder and CEO of Binance, is even now the richest person in the industry and currently the 19th richest man around the world because of his comparatively latest expanded wealth. CZ’s fortune has been downgraded by the outlet from an assessed $96B in the previous year to a present assessment of $65B.

Even then, he is considered to be the most affluent man in the industry. Sam Bankman-Fried, the CEO and founder of FTX, has obtained the place after Binance CEO with a spiking amount of $24B in the assessed net worth. The title of “Crypto Robin Hood” has been given to him because he has frequently expressed his intention to give away a substantial proportion of his wealth.

Nonetheless, with still having $24B, it is clear that he has not yet been successful in managing a way to do it. Brian Armstrong – the founder and CEO of Coinbase – is ranked third with $6.6B. Chris Larsen of Ripple and Gemini’s Winklevoss twins are also present in the list with having $4B to the names thereof. New people getting into the series of crypto billionaires take into account Gary Wang (the chief technology officer and co-founder of FTX) with an existing amount of up to $5.6B from the 16% stake thereof in the firm.

Joseph Lau and Nikil Viswanathan, the co-founders of Alchemy (a Web3 and blockchain-based firm) reportedly have approximately $2.4B each in net worth, positioning them at the list’s eleventh number. Alex Atallah and Devin Finzer – the co-founders of the NFT marketplace named OpenSea – are additionally the latest names on the crypto-rich list this year, with $2.2B as an evaluated net worth.

Many other noteworthy names are also part of the list like Song Chi-Hyung – the founder of Upbit (a crypto exchange in South Korea) – who reportedly has $3.7B in net worth. The executive vice president of Dunamu (a South Korean company) – Kim Hyoung-Nyon – possesses an assessed 13% proportion of the Upbit, providing him with $1.9B.