Cryptocurrencies have revolutionized the financial world and offered exciting opportunities for investors and entrepreneurs alike. As the crypto market continues to grow and mature, let us look at some of the wealthiest crypto billionaires presently in the world.
In this article, we will get to know who are the top 10 richest crypto billionaires in 2024. We will check their net worth and income sources from where they became the top on the list. Let’s break that curiosity and keep reading as we look into the fascinating world of crypto billionaires.
Table of Contents
1. Changpeng Zhao
Net Worth: $75 Billion
Income Source: Binance
Changpeng Zhao popularly known as CZ, is the founder and CEO of Binance, the world’s largest cryptocurrency exchange. Through his leadership, Binance has grown exponentially, providing a wide range of services to millions of users worldwide. CZ’s relentless drive and strategic vision have led to immense wealth, solidifying his position among the wealthiest individuals in crypto.
2. Chris Larsen
Net Worth: $6 Billion
Income Source: Ripple Labs, XRP
Chris Larsen known as the co-founder of Ripple has made a significant impact on the crypto industry. Ripple’s innovative payment protocol and digital currency XRP have skyrocketed Larsen’s wealth to new heights. With his 17% share in Ripple Labs and private holding of 5 billion XRP, there is no doubt that Chris Larsen is in the top list of crypto billionaires.
3. Cameron Winklevoss and Tyler Winklevoss
Net Worth: $6 Billion
Income Source: Bitcoin, Gemini
Cameron and Tyler Winklevoss popularly known as the Winklevoss twins made a remarkable fortune through Bitcoin. As Bitcoin pioneers and early investors, they recognized the potential of cryptocurrencies and started early in the race. This strong sense of innovation coupled with the technical knowledge they founded the cryptocurrency exchange Gemini in 2014.
4. Song Chi-Hyung
Net Worth: $3.7 billion
Income Source: Upbit
Song Chi-Hyung is the founder and chairman of Dunamu. It is the parent company of the South Korean cryptocurrency exchange Upbit. Dunamu was valued at $17 billion. The agency Hybe which was behind K-pop sensation BTS owns a 2.5% stake in Dunamu.
5. Barry Silbert
Net Worth: $3.2 Billion
Income Source: Digital Currency Group
Barry Silbert is the founder of Digital Currency Group. DCG serves as an influential investment firm that supports numerous blockchain startups. Silbert’s strategic and diversified investments and entrepreneurial spirit are commendable. DCG also owns Grayscale which manages around $28 billion in crypto assets and is also behind the popular crypto news agency CoinDesk.
6. Brian Armstrong
Net Worth: $2.5 Billion
Income Source: Coinbase
Brian Armstrong popularly known as the CEO of Coinbase has played a crucial role in making cryptocurrencies accessible to the masses. Coinbase, one of the largest cryptocurrency exchanges globally has listed as a public company in April 2021. With his 19% stake in the company, he still tops as one of the richest people in the crypto industry.
7. Jed McCaleb
Net Worth: $2.5 billion
Income Source: Stellar, Ripple
McCaleb was the co-founder of Ripple Labs along with Chris Larsen. The majority of his net worth comes from RIpple holdings. In 2014, he himself founded a cryptocurrency called Stellar (XLM) after his separation from Larsen and other team members of Ripple Labs. Presently he is serving as the founder and CTO of Stellar.
8. Nikil Viswanathan and Joseph Lau
Net Worth: $2.4 billion individually
Income Source: Alchemy
Nikil and Joseph are Stanford alumni who first met at the university. They founded several products together till they find about Bitcoin and its idea of cryptocurrencies. The duo founded Alchemy, a tool kit for web3 applications in 2017. Some of the major web3 platforms including Opensea use their platform for the NFT marketplace.
9. Fred Ehrsam
Net Worth: $2 Billion
Income Source: Coinbase
Fred Ehrsam is the co-founder of Coinbase along with Brian Armstrong. Before co-founding COinbase, Fred was working as a Forex trader at Goldman Sachs in New York. In 2017 he announced that he is leaving Coinbase and will stay as a board member. He owns a 6% stake in Coinbase. In 2018, he co-founded Paradigm along with Matt Huang.
10. Michael Saylor
Net Worth: $1.6 Billion
Income Source: MicroStrategy
Michael Saylor is one of the famous names in the crypto and Blockchain industry. Microstrategy is actually a software company that he founded in 1989. His positivity and belief in Bitcoin lead to huge investments of the company into purchasing Bitcoin. Microstrategy is one of the largest Bitcoin owners presently. The total bitcoin holdings of MicroStrategy (MSTR) as of June 2022 is around 129699 Bitcoins which were acquired for $3.98 Billion.
That’s a wrap to our article about the top 10 crypto billionaires. In conclusion, the crypto industry has birthed a new generation of billionaires and millionaires. As the market and technology are still in their initial and emerging phase, it is sure that new names will be soon added to the list in the coming future. Hope you all enjoyed reading and please do share the article with your crypto buddies.