HomeBitcoin60% Rise in One Year in the Forbes Billionaires List

60% Rise in One Year in the Forbes Billionaires List

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The Forbes list of the world’s wealthiest people for 2022 is now available. There are 19 billionaires who have made their money in the bitcoin market this year. In comparison to previous year, the magazine counts 7 more crypto-billionaires, including the co-founders of OpenSea, the non-fungible token (NFT) exchange platform.

 

Forbes 2022 ranking list of 19 crypto-billionaires

Forbes has recently revised its list of the world’s wealthiest individuals. The American business journal now has a total of 19 cryptocurrency billionaires on its list. Forbes also dedicated a complete story to these 19 entrepreneurs that became extraordinarily wealthy as a result of crypto-assets on April 5, 2022. Here is the whole list:

  • Changpeng Zhao
  • Sam Bankman-Fried
  • Brian Armstrong
  • Gary Wang
  • Chris Larsen
  • Cameron Winklevoss and Tyler Winklevos
  • Song Chi-hyung
  • Barry Silbert
  • Jed McCaleb
  • Nikil Viswanathan and Joseph La
  • Devin Finzer and Alex Atallah
  • Fred Ehrsam
  • Kim Hyoung-nyon
  • Michael Saylor
  • Matthew Roszak
  • Tim Draper

Binance founder and CEO Changpeng Zhao, unsurprisingly, leads the pack of crypto billionaires. Zhao has a net worth of $65 billion, according to Forbes. He has positioned himself as the richest guy in the industry as a result of the massive success of his bitcoin trading platform. “CZ” is also the 19th richest individual in the world, according to Forbes.

Sam Bankman-Fried, the originator of the FTX exchange, is in second place. Last year, the entrepreneur surpassed Mark Zuckerberg to become the world’s second richest person under the age of 30. Sam Bankman-fortune Fried’s is projected to be 24 billion dollars as a result of the expansion of its platform, which has recently launched a subsidiary in Europe and Australia.

Brian Armstrong, another bitcoin exchange pioneer, comes in third place on the podium. The founder of Coinbase is worth 6.6 billion dollars. Armstrong is the 357th richest person in the world because of its 19% shares held in the platform, which has been traded on the stock exchange since April 2021.

Michael Saylor, CEO of MicroStrategy, will be in the ranking once more. Convinced of the queen of cryptocurrencies’ future, he pushed his business to amass a stockpile of 129,218 bitcoins, or $6 billion. His net worth is believed to be $1.6 billion.

In one year, the number of crypto millionaires increased by 58 percent, according to Forbes.

Only 7 billionaires from the cryptocurrency business were included in the Forbes list last year. This is an amazing 58 percent gain that reflects the digital currency industry’s meteoric ascent.

Gary Wang, co-founder and chief technology officer of FTX, is one of the newbies to this elite list. The manager’s fortune is believed to be 5.6 billion dollars due to his 16 percent stake in the firm.

The co-founders of Alchemy, the Web3 development platform, Nikil Viswanathan and Joseph Lau, are also among the new crypto-billionaires. Finally, let us note the inclusion of Devin Finzer and Alex Atallah, co-founders of non-fungible tokens (NFT) pioneer OpenSea, in the Forbes ranking. The two entrepreneurs raised $2.2 billion by capitalizing on the rise of NFTs.

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