Coinbase CEO Brian Armstrong Tops Hurun Listing of Blockchain Billionaires

The report revealed that there are over 3,000 world billionaires, a determine which has surged by virtually 50% during the last 5 years.

Brian Armstrong, CEO of Coinbase, has been topped because the king of blockchain billionaires in line with the newest Hurun listing. The report from China’s Hurun Analysis Institute revealed Brian Armstrong is the world’s largest cryptocurrency billionaire with an estimated web value of round $11.5 billion after it surged 10 instances over the previous yr. 

The most recent Hurun Listing, printed on March 2, gives a abstract of the present world’s richest folks. The report revealed that there are over 3,000 world billionaires, a determine which has surged virtually 50% during the last 5 years. The Hurun Listing additionally highlights 17 “blockchain billionaires,” or entrepreneurs who’ve made their fortune in crypto exchanges, crypto funding and cryptocurrency mining as of January 2021. That is the tenth yr of the Hurun Listing as the whole wealth of the 17 billion-dollar-level blockchain entrepreneurs is now $77 billion with 11 new faces listed. 

In response to the report, 38-year-old Coinbase CEO, Brian Armstrong’s web value as of final yr was $1 billion however has since surged forward of his firm’s imminent preliminary public providing. Coinbase, the biggest cryptocurrency alternate in the USA formally revealed its plans for an IPO in December 2020 in a draft submitting with the USA Securities and Alternate Fee (SEC).

Founder and CEO of Alameda Analysis and FTX alternate, Sam Bankman-Fried got here second with an estimated web value of $10 billion and one of many 11 new faces on this yr’s Hurun Listing. The third-richest blockchain billionaire is Changpeng Zhao, CEO of the world’s largest crypto alternate Binance. Zhao’s estimated wealth in line with the report is $8 billion, up greater than 200% from 2020. Zhao has nevertheless moved down the listing as he was introduced the richest crypto billionaire within the 2020 Hurun Listing after outstripping Bitmain’s co-founder Micree Zhan Ketuan.

Ripple co-founder Chris Larsen bagged the fourth place with a $5.1 estimated web value whereas Jed McCaleb, co-founder of Stellar got here fifth with an estimated value of $3.2 billion. The brand new blockchain billionaires listing additionally contains MicroStrategy CEO Michael Saylor, Digital Foreign money Group CEO Barry Silbert, the Winklevoss brothers, in addition to billionaire investor Tim Draper and Galaxy Digital founder and CEO Michael Novogratz, each making their debut. 

Brian Armstrong’s new feat comes simply days after it was reported that the Coinbase CEO earned virtually $60 million in complete compensation final yr. The crypto alternate operator’s S-1 Type printed on February 25, reveals that the 38-year outdated took house $1 million in wage, $56.7 million value of inventory choices granted at a good worth, coupled with a $1.8 million payday marked as “all different compensation.” 

subsequent Blockchain Information, Cryptocurrency information, Editor’s Alternative, Information, Private Finance

Crypto fanatic, author and researcher. Thinks that Blockchain is second to a digital digital camera on the listing of biggest innovations.

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