Since cryptocurrency began gaining traction in 2024, the market has experienced a massive boom. Some digital currencies like Bitcoin, Dogecoin, etc., all hit record highs last year. As a result, many people around the world became wealthy billionaires during this boom. In this article, we will explore the crypto industry’s wealthiest billionaires.
Who Are The 5 Richest Crypto Billionaires in The World by 2024?
Changpeng Zhao
Binance is the largest crypto exchange in terms of trading volume, and its founder and CEO is Changpeng Zhao. Although he was born in China, he emigrated to Canada as a child. Working his way up from odd jobs, he is now a major force in developing the cryptocurrency market. According to Forbes, he owns at least 70% of Binance’s stock. With a fortune of over $65 billion, Zhao is one of the wealthiest people on the planet.
Read : 5 Crypto Founders Who Have Been Charged With Fraud
Brian Armstrong
Brian Armstrong was born on January 25, 1983. He is an American business executive, billionaire, and investor who is the CEO of the cryptocurrency platform Coinbase. Coinbase went public in a direct offering on Nasdaq on April 14, 2021, briefly reaching a market capitalization of $100 billion. As of 2022, his net worth is said to be around $6.6 billion. This makes him one of the wealthiest people on the planet.
Chris Larsen
Chris Larsen is a billionaire entrepreneur who is behind the creation of Ripple. Ripple is a network that facilitates financial transactions between banks and other institutions. In addition, he is among the world’s top holders of XRP, the Ripple cryptocurrency. With a fortune of $4.3 billion, Larsen is undoubtedly one of the wealthiest people in the world. He’s a self-made man who got his start as a software engineer before going on to establish several thriving technology businesses.
Cameron Winklevoss and Tyler Winklevoss
Both of the Winklevoss twins now have crypto fortunes of around $4 billion thanks to the $65 million settlement they reached with Mark Zuckerberg. After first investing in bitcoin in 2012, the siblings have since widened their holdings in digital assets. They have achieved this by purchasing additional coins and launching the cryptocurrency exchange Gemini.
Song Chi-Hyung
Song Chi-Hyung is a billionaire businessman from South Korea who became wealthy in the cryptocurrency industry. He started and now runs one of the world’s largest cryptocurrency exchanges, called Upbit. As of the beginning of 2022, Song was said to have a net worth of $3.7 billion. He started out as an engineer in the field of software and eventually founded his own company.
Over the years, these people listed above have made a name for themselves as leading figures in the industry. No doubt, the success of these billionaires can be attributed to their willingness to be innovative and their ability to recognize and capitalize on opportunities.
