Forex News 24
  • RSS

news

2 Cryptocurrency Billionaires In Forbes Richest List

2 Cryptocurrency Billionaires In Forbes Richest List
админ
08/03/2018

5a8b85e7c062a16d867661ba7793dcf5 - 2 Cryptocurrency Billionaires In Forbes Richest List

Forbes Magazine has featured two crypto-currency billionaires for the first time in its list of the world’s richest.

Chris Larsen, the richest man in crypto, and Changpeng Zhao, the owner of the crypto exchange Binance, have found place among 259 newcomers in Forbes’ 2018 World’s Billionaires list.

Larsen is ranked 14th with a net worth of $4.6 billion, while Zhao’s net worth is estimated to be $1.4 billion.

Forbes found 259 new billionaires over the past year as surging markets have pushed the number to a record-high of 2,208. The newcomers’ ‘lucky products’ range from cryptocurrency to animal style In-N-Out burgers to Hatchimals kids toys.

A Stanford M.B.A. and veteran Silicon Valley operator, Chris Larsen earned the bulk of his revenues from his 5.2 billion XRP, the token of Ripple. He co-founded the company with Jed McCaleb in 2012 to facilitate international payments for banks using blockchain technology.

One of the most popular cryptocurrencies in the world, Ripple controls 61 billion of the 100 billion XRP in supply. Forbes calculated his net worth based solely on the XRP he owns personally and the value of his 17 percent share in Ripple.

Changpeng Zhao, popular as CZ, is a 41-year-old Chinese-Canadian coder who runs Binance, the largest cryptocurrency exchange in the world.

His exchange can process a blazing 1.4 million transactions a second, according to Forbes. On a peak trading day in January, Binance is estimated to have processed 3.5 billion new orders, cancellations, and trades.

His stake in Binance and his coins give CZ a personal fortune worth as much as $2 billion, Forbes said.

Source

Related ItemscryptocurrencycurrencymarketsRippletokentradingtrading daytransactionsworld

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
08/03/2018
админ
Related ItemscryptocurrencycurrencymarketsRippletokentradingtrading daytransactionsworld

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Receding trade fears back European equities
Cryptocurrency Daily Roundup – Mar. 8