With a net worth of $ 8.7 billion, 4 leading companies in the crypto industry are on the list of Billionaires Forbes 2020 Just released: the CEO of Coinbase Brian Armstrong; Micree Zhan and Jihan Wu, founders of Bitmain;; and the co-founder of RippleChris Larsen.
In the midst of the pandemic, we can see that people in volatile times tend to take refuge in less traditional assets. Indeed, cryptocurrencies became one of them. Proof that they work as an investment can be found in the latest data on 2020’s billionaires global list Forbes. Four leading crypto businesses with a total net worth of $ 8.7 billion are already on the list of just over 2,000 billion global millionaires Forbes.
This has been reported by crypto media as Coin spokesman y The block cryptoand highlights the four brand new members on the list: the co-founders of BitmainMicree Zhan with assets of $ 3.3 billion and Jihan Wu with $ 1.8 billion; the co – founder of Ripple, Chris Larsen with USD 2.6 billion and the CEO of CoinbaseBrian Armstrong’s net worth is $ 1 billion. It is worth noting that all are under 500.
Crypto leader on roster Billionaires Forbes 2020
Micree Zhan – $ 3.3 billion
Micree Zhan was a co-founder of the Chinese crypto mining giant Bitmain Technologies in 2013. After a long conflict of power with his partner Jihan Wu and other executives BitmainAs reported, Zhan was expelled from the company in October 2019 DailyBitcoin by the time.
Bitmain It is the largest cryptocurrency mining company in China, and probably worldwide, that specializes in mining machinery sales ASIC. Zhan remains its largest shareholder. In October 2019 Bitmain He allegedly applied for an IPO in the United States. This happened more than a year after an unsuccessful attempt to go public on the Hong Kong Stock Exchange.
Jihan Wu – $ 1.8 billion
The co-founder of Bitmain Technologies, Jihan Wu, is still the company’s president. Wu was co-founder of a crypto financial services startup called Matrix port in February 2019.
According to the latest information, Wu owns about 20% of Bitmainalmost 36% of Zhan.
Chris Larsen – $ 2.6 billion
Chris Larsen, recently affected by the COVID-19 Co-founder Ripple in 2012 to facilitate international payments to banks Blockchain. After that Ripple took American express y Santander among its more than 100 customers. In December 2016, Larsen stepped down as CEO of Ripple but he remained his chief executive.
Before Ripple, Co-founder of the online mortgage lender E-loans 1996 and Prosper, a person-to-person lender (P2P) in the year 2005.
Brian Armstrong – $ 1 billion
Passionate cryptocurrency enthusiast Brian Armstrong is the CEO of Coinbase, the largest cryptocurrency exchange in the United States. In 2012, he co-founded the San Francisco-based company. Coinbase raised $ 300 million in a round of financing in October 2018 Tiger GlobalThe company was valued at $ 8 billion.
Who is at the top of the list? Forbes
In first place is Jeff Bezos, founder of Amazonwith assets of $ 123.5 billion. Bill Gates, founder of Microsoft$ 103.8 million and Bernald Arnault (French, owner of LVMH) $ 91.3 billion. Fourth is a very special character for the crypto ecosystem: Warren Buffett, its CEO TronJustin Sun invited to a meal to convince him to use cryptocurrencies (he gave him some). However, Buffett continues to criticize her.
Other crypto leaders who could make the list, but not
For the medium Coin spokesmanIt is striking that crypto leaders like the founder of ConsenSys, Joseph Lubin, the CEO of Binance, Changpeng Zhaoor Winklevoss brothers did not appear on the list, although the first two on the list of “richest people in cryptocurrenciesFrom Forbes released in 2018.
According to previous estimates by ForbesLubin has cryptocurrency assets between $ 1 and 5 billion and Zhao between $ 1.1 and 2 billion. However, both are missing from the list of billionaires for 2020. Interestingly, Vitalik Buterin is a co-founder of EthereumHe declared in 2018 that he is not a billionaire in crypto balances.
Joseph Lubin is an entrepreneur and co-founder of Ethereum y Ethereum Foundation, endowment; and founder of ConsenSys, a decentralized application development company. Lubin’s commitment to cryptocurrencies began in 2014 when he was a co-founder Ethereum. Then he founded in 2015 ConsenSys. His net worth had not been released at that time.
On the other hand, Changpeng Zhao, who uses CZ as a pseudonym, is the founder and CEO of BinanceA cryptocurrency exchange becomes the largest in just under 180 days by user and volume. Due to the crypto bear market, the quarterly result is from Binance They fell from $ 150 million in early 2018 to around $ 50 million at year end. However, this did not stop the company from expanding globally at high speed.
COVID-19 hit the list
The richest in the world are not immune to it Corona virus. When the pandemic got a firm grip on Europe and America, the stock markets exploded and brought in a lot of wealth, he said. Forbes Mexico As of March 18, when this list was finalized, Forbes There were 2,095 billionaires listed, 58 less than a year ago and 226 less than 12 days ago when these net values were originally calculated.
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Sources: Coin operated speaker, The Block Crypto, Forbes, Forbes México.
Report by Arnaldo Ochoa / DailyBitcoin.