Fred Ehrsam Net Worth: How Rich is The Coinbase & Paradigm Co-Founder?

Fred Ehrsam Net Worth:
$2 Billion

Fred Ehrsam is a successful American entrepreneur and investor currently worth $2 billion. Fred is popular as the co-founder of the cryptocurrency exchange Coinbase along with Brian Armstrong. He is also the co-founder of the cryptocurrency investment platform Paradigm. Fred Ehrsam Net Worth is $2 billion.

Fred along with Brian Armstrong founded one of the largest cryptocurrency exchanges Coinbase. He is a computer science graduate and forex trader who has worked for Goldman Sachs.

Fred Ehrsam Net Worth

The net worth of Fred varies because of his position and his ownership of the cryptocurrency. As his companies are from the crypto market, we cannot easily evaluate the completed net worth due to the volatility in the market. However, as per the present condition, Fred Ehrsam’s net worth is calculated to be $2 billion.

In the period 2013-2014, Fred was named in the list of Forbes 30 under 30. He still holds a pretty good position under the Forbes 400 and Forbes Billionaires list.

Net Worth History

Early Life

Fred was born in Boston on 10th May 1988. He grew up in the Concord neighborhood of Massachusetts. He was an avid video game player and played it professionally during his school days. He was a professional World of Warcraft player. His introduction to digital currencies came from the games he played.

After completing school, Fred went to Duke University and studied B.S. in Computer Science. He was also a member of the Sigma Alpha Epsilon community at Duke. He also has a minor in economics. His graduation subjects helped him to understand the technical and economic aspects of how a digital currency works and helped him with his foundation of the cryptocurrency exchange.

Biography

Career

After he graduated from Duke University, Fred started working as a forex trader at the prestigious Goldman Sachs in New York. He learned about the revolutionary concept of Bitcoin/Blockchain from a university paper which completely caught his attention. He started trading Bitcoin in his free time. Coming from a tech and economics background was the best piece of education anyone can have when introduced to blockchain and cryptocurrency.

Coinbase

Fred along with his co-founder Brian Armstrong founded Coinbase in 2012. Two of them met through an online subreddit of Bitcoin and built their Coinbase exchange from their apartment in San Francisco. In 2017, Fred announced that he was leaving Coinbase but would be one of its board members. He still owns a 6% stake in Coinbase and the company was listed as public in 2021.

Paradigm

Fred co-founded the crypto investment firm Paradigm in 2018. He co-founded this with a known investor Matt Huang. The purpose of the company was to invest in cryptocurrencies and the companies that are part of the crypto/blockchain business. The firm has investments in various companies including exchanges, Web3 projects, and so on.

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Summary

That’s a wrap to our article about Fred Ehrsam. It is a fact that he is one of the most known and intelligent figures in the crypto and blockchain universe. The skills he has is unique and made him walk into the crypto space early. He surely is innovative and we can hope for many more projects and investments from his side on the crypto and its related ecosystems.

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