Business

Forbes Releases First-Ever List Of Cryptocurrency Rich People!

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| February 8 , 2018 , 14:47 IST

Business Magazine Forbes on Wednesday issued its first-ever list of the world's richest people in cryptocurrency.

The list, consisting of 20 people was based on estimated holdings of cryptocurrencies, post-tax profits from trading crypto-assets and stakes in crypto-related businesses, and locked in Forbes' estimates using prices from Jan. 19, 2018, that is before the recent market plunge.

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Randall Lane, chief content officer, Forbes Media said, "Our first-ever Crypto Rich list provides a snapshot of a pivotal moment, part of the transparency needed to pull crypto away from its provenance as an unknown currency."

The business magazine said $350 million was the minimum amount needed to make the list of cryptocurrency's wealthiest people.

Another interesting fact about this crypto rich list is that these people were on average 25 years younger than the people on the Forbes 400 list of the wealthiest Americans.

These are Top 10 of The Richest People in Cryptocurrency -

  1. Chris Larsen, Co-founder, Ripple - $7.5 billion - $8 billion
  2. Joseph Lubin, Co-founder, Ethereum and founder at Consensys - $1 billion - $5  billion
  3. Changpeng "CZ" Zhao, CEO, Binance - $1.1 billion - $2 billion
  4. Tyler and Cameron Winklevoss, Co-founders, Winklevoss Capital - $900 million -$1.1 billion
  5. Matthew Mellon, Individual investor - $900 million - $1 billion
  6. Brian Armstrong, CEO, Coinbase - $900 million - $1 billion
  7. Matthew Roszak, Co-founder, BIoQ and founder at Tally Capital - $900 million - $1 billion
  8. Anthony Di Iorio, Co-founder at Ethereum and founder at Jaxx and Decentral - $750 million - $1 billion
  9. Brock Pierce Chairman, Bitcoin Foundation and advisor at Block.One - $700 million - $1 billion
  10. Michael Novogratz, CEO, Galaxy Digital — $700 million - $1 billion