Brian Armstrong is an American Engineer, Entrepreneur, Investor, and CEO of the cryptocurrency exchange Coinbase. Coinbase is the largest cryptocurrency exchange in the United States. Brian Armstrong net worth is $2.5 billion.
As the price of cryptocurrencies and Coinbase share values are variable entities, the net worth of Brian will also be dependent on both. In fact, the net worth of people in the cryptocurrency space can be valued based on the present value of digital assets.
Brian co-founded Coinbase along with trader Fred Ehrsam in San Fransico in the year 2012. Brian owns 19% of the stake in Coinbase whereas Fred owns 6% of the shares. Coinbase registered and offered its first public offering on Nasdaq on April 14, 2021.
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Brian Armstrong Net Worth
Brian Armstrong’s net worth is calculated to be around $2.5 billion. His main source of income is from his shares on Coinbase. As we all know the value of cryptocurrencies varies from time to time, it also depends on their overall revenue and net worth of Brian as well.
We can see the net worth growth of Brian varying from $1.3 billion in 2019 to around $7 billion in 2022. With the rise in the price of Bitcoin in 2021, Brian was awarded the first position for the richest people in crypto. Also in the same year, Brian was listed in 60th place in Forbes 400.
Coinbase Net Worth History
|Net Worth 2019
|Net Worth 2020
|Net Worth 2021
|Net Worth 2022
Brian Armstrong Biography
|Date of Birth
|January 25, 1983
|CEO of Coinbase
|Crypto investor, Businessman, CEO of Coinbase
|San Jose, California
|Crypto investor, Businessman, and CEO of Coinbase
|Brian Armstrong net worth 2023
Brian was born on January 25, 1983, in San Jose, California. Both of Brian’s parents were engineers. He holds a dual degree in Economics and Computer science. He completed his graduation from Rice University in the USA. While doing his master’s degree in computer science, he started his online tutoring business which matches relevant tutors to students.
After graduating with his master’s, he went to Buenos Aires in Argentina to work for an education company. During this period, he experienced the tragic effects of hyperinflation which was affecting the country at that time.
After his experience in Argentina, Brian has worked as a software engineer in companies including IBM and Deloitte. During this period he came across the white paper on Bitcoin and got interested in the project and ideas around cryptocurrencies and Blockchain in general.
He started working with Airbnb in 2011 and got a chance to come across the payment system implemented by Airbnb which was operating in around 190 countries. He understood the flaws in the money transfer across the globe especially in South America.
Understanding the difficulties in sending money, he started working on writing codes to buy and store cryptocurrencies. Around 2012, his ideas received an investment of $150,000 from a startup accelerator. In the same year, Brian and Fred Ehrsam founded Coinbase.
Brian was the first CEO of Coinbase and was worth around $8.1 billion in 2018 according to some funding valuation firms. In 2020, December, Coinbase applied to SEC to go public through a direct listing. In April 2021, the company went public and the total market cap of Coinbase was around $85 billion.
Now let us check out some of the most frequently asked questions about Brian Armstrong and Coinbase.
Is Brian Armstrong a Billionaire?
Yes. Brian Armstrong is a billionaire and his net worth is calculated to be around $2.5 billion as of 2023. The net worth in the crypto industry could also be volatile as the price of digital assets including cryptocurrencies.
How did Brian Armstrong make his money?
Brian Armstrong is the co-founder and CEO of Coinbase. He holds a major share of 19% of the company. So his main income is coming from his shares in Coinbase.
How Old is Brian Armstrong?
Brian Armstrong is 39 years old as of 2022.
That’s all about Brian Armstrong. Hope you’ll like and share this article with your friends and family. Brian is one of the most influential entrepreneurs in the cryptocurrency space. Do write your reviews and suggestions to our mail which can be found here.