Cryptocurrencies have had a wild year in 2021. Popular cryptocurrencies like bitcoin, ethereum, dogecoin, etc. reached their all-time high in 2021. global market capitalization reached great heights. Not only that, many people made fortunes from this gold rush, seven people became billionaires through crypto, bringing the total number of crypto billionaires to 19 according to the forbes billionaires list. let’s take a look at them individually.
19. tim draper, 1.2 billion dollars
Reading: Richest bitcoin owners
tim draper, based in the united states, is a venture capitalist by profession. he began to invest in bitcoin and other cryptocurrencies from the year 2012.
18. matthew roszak, 1,400 million dollars
Maththew Roszak is an early adopter of bitcoin, he started investing since 2012 and also participated in altcoin initial offerings like mastercoin, factom etc. also invested in crypto exchanges like coinbase and kraken.
17. michael saylor, 1.6 billion dollars
Originally a dotcom-era billionaire, Saylor saw his wealth sink during the dotcom crash and after an accounting controversy. Saylor then found bitcoin and has now turned his company into a bitcoin proxy, buying it on every dip. Furthermore, he has also been taking loans to buy more bitcoins.
16. Kim Hyoung-nyon, $1.9 billion
hyoung-nyon is the executive vice president of south korea’s dunamu cryptocurrency exchange. He currently owns about a 13 percent stake in the exchange, which he co-founded ten years ago.
15. fred ehrsam, $2.1 billion
Fred Ernest Ehrsam is an American businessman and investor. He is a co-founder and managing partner of Paradigm Capital, a cryptocurrency investment firm. Furthermore, he co-founded Coinbase, a bitcoin exchange.
13 and 14. devin finzer and alex atallah, $2.2 million
opensea is a secondary nft market that was co-founded by these two. In January, OpenSea received financing, valuing the company at $13.3 billion, up from $1.5 billion six months earlier. finzer and atallah own approximately 18.5 percent of the company between them.
11 and 12. Nikil Viswanathan and Joseph Lau, $2.4 billion
viswanathan and lau are the co-founders of blockchain decacorn alchemy, a toolbox for blockchain entrepreneurs and developers. alchemy powers web3 applications like opensea and kyber from decentralized exchange. the company raised $200 million in February at a valuation of $10.2 billion, less than four months after raising $3.5 billion.
10. jed mcaleb, $2.5 billion
Most of McCaleb’s wealth was amassed through Ripple Labs and XRP, the payments-focused cryptocurrency project he co-founded in 2012. McCaleb left the project in 2013 after arguments with Larsen and other team members. Under the terms of a 2014 spin-off agreement with Ripple Labs, McCaleb has now sold a significant portion of his XRP in periodic increments. he founded stellar and currently serves as chief technology officer.
9. barry silbert, 3.2 billion dollars
Silbert has built an extensive cryptocurrency business as the founder of the digital currency group. The company owns Grayscale, which manages $28 billion in crypto assets, as well as CoinDesk, a popular crypto news and events website. dcg has invested in more than 200 crypto companies through its subsidiaries. Prior to Bitcoin, Silbert sold the second market share trading business to Nasdaq for an undisclosed price in 2015.
8. song chi-hyung, 3.7 billion dollars
chi-hyung is the founder of upbit, the largest cryptocurrency exchange in south korea. he has profited from the country’s $46 billion cryptocurrency business. he is believed to own about a quarter of upbit’s parent company, dunamu, which was valued at $17 billion.
6 and 7. cameron winklevoss and tyler winklevoss, $4 billion each
Former rival of mark zuckerberg, these twin brothers have amassed crypto fortunes worth around $4 billion each. following the debut of gemini, a cryptocurrency exchange, the brothers have continued to grow their digital asset portfolios.
5. chris larsen, 4.3 billion dollars
larsen is co-founder and CEO of blockchain company ripple. xrp, which is the native token of the blockchain, is currently the 8th largest cryptocurrency by market cap.
4. Gary Wang, $5.9 billion
wang, is co-founder and chief technology officer of ftx crypto exchange. He owns 16.5 percent of FTX’s global operations, as well as more than $600 million worth of FTT, the exchange’s native token.
3. brian armstrong, 6.6 billion dollars
brian armstrong is the founder and CEO of the cryptocurrency exchange coinbase, which he founded in 2012. he is an entrepreneur and investor.
2. sam bankman-fried, $24 billion
bankman-fried is the creator and CEO of ftx, a cryptocurrency exchange. He also manages assets through Alameda Research, a bitcoin quantitative trading company he launched in October 2017 and co-founded with his brother.
1. changpeng zhao, $65 billion
zhao is the founder and CEO of binance, the world’s largest cryptocurrency exchange by transaction volume. he once worked at mcdonalds making hamburgers but now he is the richest crypto billionaire.
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