Ripple co-founders became the world richest billionaires

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2018-07-30
Ripple co-founders became the world richest billionaires

Over the past few weeks, all co-founders of Ripple Labs Inc, which owns 60% of XRP tokens, have become billionaires due to the exponential growth of the cryptocurrency. Thus, at the peak of XRP growth ($ 3.84 per token), the wealth of Ripple co-founder Chris Larsen, who owns 5.19 billion XRP and 17% of shares in Ripple Labs, was around $ 55.8 billion.

Chris Larsen

According to the Bloomberg billionaire index, Larsen would have to take the 8th place between Google founder Larry Page ($ 54.1 billion) and Carlos Slim ($ 63.2 billion). In addition, Jeb McCaleb, also known as the founder of Stellar’s blockchain-startup company, left the company in 2013 and retained the right to 5.3 billion XRP (currently $ 17.3 billion). These tokens, however, are closed in the escrow account, and McCaleb receives only fixed monthly payments.

In turn, the current CEO of Brad Garlinhaus owns a share of 6.3%, as well as an unknown number of XRP tokens. According to preliminary estimates, his fortune already exceeds $ 10 billion.

Brad Garlinhaus

It is worth recalling that in 2018 Forbes published a list of the wealthiest businessmen in the cryptocurrency industry, which included 19 people.

Chris Larsen, the co-founder and former CEO of Ripple Labs, headed the list of the crypto-billioners. He owns 5.2 billion XRP, which equals $ 7-8 billion.

Joseph Lubin, co-founder of Ethereum, founder of the blockchain company ConsenSys and former CEO of Goldman Sachs, is on the second place. He owns from $ 1 to $ 5 billion.

Among the crypto-billionaires in the rating there are Winklewos brothers ($ 900 million – $ 1.1 billion), Coinbase CEO Brian Armstrong ($ 900 million – $ 1 billion), Galaxy Digital CEO Mike Novograts ($ 700 million – $ 1 billion), EOS project founder Dan Miller ($ 600- $ 700 million), Bitfury CEO Valery Vavilov ($ 500- $ 700 million), IOHK CEO Charles Hoskinson ($ 500- $ 600 million), Ethereum founder Vitalik Buterin ($ 400- $ 500 million), venture investor Tim Draper million) and the head of Digital Currency Group Barry Silbert ($ 400- $ 500 million).

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,236.48
  • ethereumEthereum$178.69
  • rippleXRP$0.354307
  • tetherTether$1.00
  • eosEOS$5.88
  • stellarStellar$0.125789
  • litecoinLitecoin$87.41
  • cardanoCardano$0.087857
  • tronTRON$0.030333
  • moneroMonero$70.37
  • iotaIOTA$0.347915
  • nemNEM$0.072885
  • dashDash$130.72
  • neoNEO$12.49
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