• Big losses since last year
• Changpeng Zhao still tops the list
• Americans are well represented
The crypto industry suffered severe losses last year. The FTX trading platform scandal and further turmoil have shaken confidence in the industry, causing many crypto entrepreneurs to lose much of their wealth. Nonetheless, some crypto enthusiasts rank among the richest people in the world. The following ranking shows the richest crypto billionaires. Data is based on information from Investopedia and Forbes, extracted from the Forbes Real-Time Billionaires list and data as of April 2022. As of March 29th, 2023
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14th place: Fred Ehrsam
Fred Ehrsam is the co-founder of the crypto trading platform Coinbase, which he founded together with Brian Armstrong in 2012 and is now considered the largest crypto trading platform in the USA. Ehrsam left the company in 2017, but he still holds about six percent of the shares. Forbes estimates his net worth at around $1 billion.
13th place: Tim Draper
Tim Draper is a founder of the Draper Fisher Jurveston venture capital firm, which has made hundreds of investments in companies like Tesla and Theranos. He has also made a fortune investing in cryptocurrencies. According to Forbes, his net worth is approximately $1.2 billion.
12th place: Matthew Roszak
Roszak is ranked twelfth on the list with a fortune of $1.4 billion. Roszak is co-founder of Bloq, a blockchain-based startup that advises banks on projects such as storing digital assets. According to Forbes, in addition to his income from the company, he has been investing in cryptocurrencies since 2012 and has built up an impressive portfolio as a result.
11th place: Cameron & Tyler Winklevoss
The Winklevoss twins, who should be familiar to many from the Facebook saga, are each worth $1.4 billion, according to Forbes. They funded their investments in cryptocurrencies through their lawsuits against Facebook. Besides earning income from their crypto investments, they are also the founders of crypto trading exchange Gemini.
10th place: Joe Lau & Nikil Viswanathan
Lau and Viswanathan co-founded Alchemy in 2020, whose software is now used by many blockchain-based Web3 companies. Lau and Viswanathan each currently own an estimated 26 percent stake in the company, according to Forbes, giving them approximately $1.8 billion each.
9th place: Kim Hyoung-Nyon
The South Korean is the co-founder and vice president of Dunamu, a provider of blockchain securities trading. According to Forbes, his net worth is $1.95 billion. He is the business partner of Song Chi-hyung, who ranks third.
8th place: Devin Finzer & Alex Atallah
Finzer and Atallah are the founders of the company OpenSea, an NFT platform, which made them the first NFT billionaires in January 2021. Forbes estimates their net worth at around $2.2 billion each.
7th place: Jed McCaleb
McCaleb is considered a crypto pioneer who has worked at many well-known crypto companies. Back in 2010 he founded Mt. Gox, the first major Bitcoin trading platform. Shortly thereafter he co-founded Ripple and in 2014 he founded Stellar. Forbes currently estimates his net worth at $2.4 billion.
6th place: Chris Larsen
Larsen is co-founder of the blockchain-based payments network Ripple, which is particularly popular with businesses. He resigned from the post of CEO at the end of 2016 but has always served as executive chairman. His current fortune is estimated by Forbes at $2.5 billion.
5th place: Brian Armstrong
The founder and CEO of Coinbase, the largest US crypto trading exchange, is ranked sixth with an estimated fortune of $2.6 billion. Because of the simple user interface, the trading exchange is particularly popular with small investors. Armstrong owns about 19 percent of Coinbase, according to Forbes.
4th place: Michael Saylor
With an estimated net worth of $3.2 billion, American Michael Saylor is fourth in the list. The CEO of software company MicroStrategy started investing in Bitcoin in August 2020. Since then, Saylor has become one of the world’s best-known Bitcoin advocates. According to Investopedia, as of February 2023, MicroStrategy owns approximately 123,500 bitcoins, which equates to approximately $3.2 billion in assets.
3rd place: Song Chi Hyung
The South Korean ranks third with an estimated fortune of $3.7 billion. Song Chi-Hyung is CEO of Dunamu, a blockchain securities trading provider and founder of Upbit, the largest crypto trading platform in South Korea.
2nd place: Gary Wang
Gary Wang, co-founder of collapsed crypto trading platform FTX, still has a net worth of around $4.2 billion, according to Forbes. In April last year, his fortune was still around 5.9 billion US dollars, in the wake of the FTX scandal his fortune has decreased by 1.7 billion US dollars.
1st place: Changpeng Zhao
Changpeng “CZ” Zhao tops the rankings again – albeit with significantly less wealth than a year ago. According to statista, in the course of the crypto crisis at the end of 2022, CZ lost an incredible 82 billion US dollars in assets. CZ is now worth an estimated $10.5 billion, according to Forbes. The Canadian is the founder and CEO of the largest global crypto trading platform Binance. Recently, US authorities filed charges against Binance in connection with an alleged violation of US law in relation to crypto derivatives trading.
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