The past year has been a rollercoaster for the cryptocurrency world, from the surge of Dogecoin under the influence of Elon Musk, to the advancements in Web3 and the rise of NFTs, to the volatile fluctuations in Bitcoin and other crypto assets. If you are interested in bitcoin trading read more about the consensus mechanism.
Despite the intense activity, there is still a significant amount of money to be made in the $2 trillion crypto economy. Just ask the 19 billionaires – seven more than the previous year – who made their fortunes from cryptocurrency and blockchain technology and are featured on Forbes’ annual World’s Billionaires list, published on Tuesday.
The list welcomes new members, including the founders of the Web3 infrastructure firm Alchemy and the creators of OpenSea, a marketplace for NFTs.
CZ, the founder and CEO of Binance, who is known as the wealthiest person in the world of cryptocurrency, has been ranked 19th in the world’s richest people according to Forbes. It is believed that he has a minimum ownership of 70% in Binance, which is the top platform for crypto trading globally. In the previous year, Binance is reported to have handled about two-thirds of the total volume traded through centralized exchanges, resulting in estimated revenue above $16 billion. This estimation has led Forbes to increase its evaluation of CZ’s wealth from $1.9 billion the previous year. The 44-year-old entrepreneur also holds a minor portion of Bitcoin and an undisclosed quantity of Binance’s token, BNB.
Despite experiencing a decline in its market capitalization, which currently stands at half of its previous level, Armstrong remains a prominent figure in the cryptocurrency industry, ranking as the third wealthiest individual. This is due to his 19% ownership stake in the company. Armstrong is known for his distinctive appearance, including his bald head and preference for simple T-shirts, and he generated headlines in 2020 when he requested that his employees refrain from engaging in political discussions while at work. These factors contribute to his reputation as a distinctive and influential figure in the cryptocurrency world. In January, Armstrong made headlines again with a $133 million purchase of a Bel-Air mansion, one of the most expensive home transactions in the city’s history. Recently, he has been actively opposing the proposed crypto legislation by the EU Parliament.
Sam Bankman-Fried founded FTX and the press-averse co-founder and CTO, Gary Wang. With a 16% stake in FTX’s worldwide operations and over $600 million worth of the exchange’s native token, FTT, Wang is a significant player in the crypto industry. Prior to his entry into cryptocurrency, Wang was a software engineer at Google and was part of the team that developed the online booking platform, Google Flights.
Although its market capitalization has since decreased to half of that amount, Armstrong’s 19% stake still positions him as the third richest person in the crypto industry. He is recognizable for his simple style, including plain T-shirts and a bald head, and generated controversy in 2020 when he prohibited political discussions at the workplace. In January, Armstrong made headlines again with a $133 million purchase of a luxurious Bel-Air mansion, one of the most expensive real estate transactions in the city. Recently, he has been speaking out against the EU Parliament’s proposed legislation for the crypto sector.
Cameron Winklevoss and Tyler Winklevoss
The Winklevoss twins, widely recognized for their involvement in a legal dispute with Mark Zuckerberg during their college years, as depicted in the film “The Social Network,” have leveraged their $65 million settlement into substantial digital wealth. Their crypto portfolios are estimated to be worth approximately $4 billion each. Recently, a dispute has arisen between the Winklevoss-owned platform, Nifty Gateway, and an individual named Soleymani. Soleymani has claimed that the platform altered its terms of sale, while Nifty Gateway alleges that Soleymani owes them $650,000. The nature and outcome of this disagreement remain to be seen, but it serves as a reminder of the potential for disputes and legal issues to arise in the rapidly evolving cryptocurrency industry.
Thus, these are the list of the best crypto currency billionaires. It is an intuitive, secure, simple to use website for crypto explorers.