You're reading Entrepreneur Asia Pacific, an international franchise of Entrepreneur Media. He was, however, a vocal advocate for instigating an increase in the Bitcoin networks transaction capacity. Number 274: Sam Bankman-Fried. From left-to-right: Sam Bankman Fried, Changpeng Zhao, Brian Armstrong, This is a BETA experience. This cookie is set by GDPR Cookie Consent plugin. So far, no investor has filed any charges against Nishad. Should You Finance a Hybrid or Electric Car? Valery Vavilov's net worth is between 500 million U.S dollars to 700 million U.S dollars. Although the unedifying spectacle of the companys founders battling it out for control (quite literally at one point) cant have been good for business, both Bitmain and Zhan now seem to both be doing alright or themselves, with the company thought to be worth somewhere between $40 billion and $50 billion and branching out into AI to broaden its market. The FTX cryptocurrency exchange CEO surges into the 274th spot with a net worth of $8.7 billion. 2018 also marked the time when the messenger attracted $1.7 billion from more than 170 investors for the development of new two projects: the Gram cryptocurrency, and the TON blockchain platform. The world was reeling from the effects of the great crash of 2008, but the traditional financial system still seemed unassailable. Not a lot is known about Micree Zhan (also known as Zhan Ketuan), who together with Wu Jihan set up Bitmain, the largest manufacturer of cryptocurrency mining chips and other hardware in the world. Zhan and Wu set up Bitmain in 2013 and the company was well-placed to capitalise on the crypto boom which came along afterwards, reporting revenues of $2.5 billion in 2017. In the summer of 2017 however, it became clear that the Chinese government was looking to crack down on crypto exchanges and CZ took the decision to move the company out of China altogether. The rest, as they say is history, and by the 11th grade, in 1998, Alex had begun to earn thousands of marks by selling products to German pension funds. With the arrest of its mastermind, securities authorities in India are tracing investors to collect more evidence. You can contact us here. Satoshi first put forward the idea for Bitcoin in a whitepaper of 2008, as the world struggled to come to terms with what the big banks had been up to in the lead-up to the financial crash. The transformation of value in the digital age. PLATINCOIN is a global cryptosystem that includes more than 10 high-tech products and services. For example, Morris is crypto-oriented while Long Rich provides language and training courses. Proof-of-Work vs Proof-of-Stake: Which is Best? Before going into crypto, Wang was a software engineer at Google, where he helped build online booking platform Google Flights. Known for their involvement in the beginnings of Facebook, the Winklevoss twins are the founders of crypto exchange Gemini and each worth an estimated $4.3 billion. Today, we've gathered the top 10 most influential people in the cryptocurrency marketthe creators of the largest projects that have influenced the development of the entire industry. It can be hard to accurately assess peoples crypto wealth, as the market is much more volatile than those of other, more established asset classes. His main bugbear with Bitcoin is what he claims is its too small block size and his gripe with the low transaction speed. Today, according to the exchange's blog, the average daily trading volume of Binance is $2,852,591,354, with more than 15 million traders from around the world trading on the exchange. 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The twin brothersbest known as Mark Zuckerbergs college nemeses (as immortalized in Hollywood film The Social Network)have turned their $65 million settlement with Zuck into digital gold, amassing crypto fortunes of roughly $4 billion apiece. Huge debts and the necessity to pay bills became a call to action, so by using all his experience and innate talent as a salesman, as well as his brilliant experience in crypto trading, Alex launched his most successful project to datePLATINCOIN. His estimated net worth is $11.5 billion. Also a co-founder of Ripple and Stellar, McCaleb was responsible for launching Mt. PLATINCOIN aims to provide its users with an opportunity to maximize earnings and build a passive income based on blockchain technology without special technical skills, regardless of age, education, and income level. Net Worth. Wu apparently raised money from family and friends to buy 900 BTC in 2011 and was also reportedly the first person to translate Satoshi Nakamotos bitcoin whitepaper into Chinese later that same year. Alex Dovbnya. Another uber-wealthy crypto exchange founder to make our list is perhaps the best-known of them all. "Sale has started," announced Morris, eyes on his laptop. A cofounder of Coinbase, Ehrsam now runs Paradigm, which invests mainly in crypto companies and new tokens. Probing the intersection of crypto and government. It claims its designed using cutting-edge smart technology. Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry from price analysis to Blockchain disruption. On January 8, 2018, almost all cryptocurrencies fell in value by 15 per cent or more, and the market capitalization decreased by $100,000,000,000. Here's what else you need. Changpen Zhao is better known in the cryptocurrency community as CZ. In a world of deep uncertainty about the future where the richest 1% own more than the poorest 50%, crypto has been a way for the man and woman in the street to make some money on their own terms. Although its founder claims the coin is legit, it has no registered physical office as its headquarters except for a website. News and analysis for the professional investor. A new breed of billionaires has emerged in the last few years, who owe their wealth to the success of crypto and the projects they either founded or backed. He also serves as a real estate investor and business consultant. Flash forward to the present day and 2011 seems a lifetime ago. Meanwhile, Sam Bankman-Fried, co-founder and chief executive of global cryptocurrency exchange FTX, was ranked as the second-wealthiest crypto billionaire with a personal fortune of $24bn, followed by Coinbase co-founder Brian Armstrong with a net worth of $6.6bn. Can you Still Make Money Mining Bitcoin in 2023? There's a lot we can learn from Elon Musk, but productivity advice isn't one of them. Here's how to do the latter, like a boss. We'll be in your inbox every morning Monday-Saturday with all the days top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. Analytical cookies are used to understand how visitors interact with the website. The main purpose of Litecoin is payments on the Internet. And, CZ has an enormous following. Vitalik Buterin - Age 24 - Net Worth $400 to $500 million - Creator of Ethereum. The cofounders of blockchain decacorn Alchemy, Viswanathan and Lau first met in 2011 at Stanford while serving as TAs for a computer science class; they have since built over 10 products together. ts been a wild twelve months for the world of cryptocurrencies, from the Elon Musk-fueled ascent of Dogecoin, to Web3 innovations and non-fungible tokens (NFTs), to the wild swings in Bitcoin and other crypto tokens. At just 22 years of age, Durov had already launched his social network VKontakte, but at 28 he was forced to leave the project due to disagreements with shareholders. As well as a venture capital firm, the twins are also the owners of the Gemini crypto exchange, which operates in the US, Canada, UK, South Korea, Hong Kong and Singapore. Bloomberg. Changpeng Zhao: $2.1 billion. In 2015, this Australian entrepreneur told the world that it was he who created the unique technology and filed more than 150 patent applications for the authorship of distributed registry technology, smart contracts, and six cryptocurrencies. Ever hungry for bitcoin, Saylors MicroStrategy announced in late March that it took on a $205 million loan to buy more of the leading cryptocurrency. Changpeng Zhao, founder and chief executive of cryptocurrency trading platform Binance, is the worlds richest crypto billionaire with a net worth of $65 billion, according to Forbes 2022 World Billionaires List. Platincoin aims to give their users a chance to earn money while sitting in the comfort of their homes via an easy way where age and education levels do not matter. The main goal of all PLATINCOIN products is to make cryptocurrencies accessible to every user in the world and give people a simple tool to enter the financial market, which today is more than 2 billion people are deprived of. Net Worth in 2023: $15 Million. Just ask the record 19 billionaires7 more than last yearon Forbes annual Worlds Billionaires list, published Tuesday, who made their money from cryptocurrency and blockchain technology. Tesla: now accepting bitcoin. Both of these entities have brought institutional investment to crypto and provided further investment in crypto projects in their turn. In a region known for dizzying wealth, Zhao, 44, fits right in: His net worth is $96 billion, according to the Bloomberg Billionaires Index. The founder of investment group Digital Currency Group, Silbert has built a diversified crypto conglomerate. Your email address will not be published. In the top spot is Ripple co-founder Chris Larsen with an estimated crypto net worth of US$7.5-8bln. It is alleged that both Larsen and Garlinghouse sold $1 billion worth of XRP without registering it as security. PLATINCOIN users are spread far and wide in as many as 120 countries, who are extremely satisfied with the easy services offered by them and happy with the passive income they have been generating. Sahil. Disrupt Magazine was designed to give the world a taste of that. Either that or hes forgotten the password. 17. Pavel Durov is the talented Russian entrepreneur and the developer best known for founding the social networking site VK, and then later Telegram. After stints working in Tokyo and New York, he returned to Shanghai and founded Fusion Systems in 2005, a company that specialised in building trading software for banks. His personal net worth is estimated at. Strictly necessary cookies relate to our hosting environment, and functional cookies are used to facilitate social logins, social sharing and rich-media content embeds. In the summer of 2017, Charlie Lee left Coinbase and completely focused on developing Litecoin. Theres quite a gap between Satoshi and the next crypto billionaire on our list, though this one is at least around to enjoy his newfound wealth. His net worth took a big hit when the price of XRP tanked following the end of the 2017 bull market, though he remains a wealthy man, albeit with much of his wealth tied up in a token that faces an existential threat from the SECs lawsuit. Necessary cookies are absolutely essential for the website to function properly. We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. He ran the Ponzi scheme under three firms: Long Rich Technologies, Long Rich Global, and Morris Trading Solutions. The 29-year-old Bankman-Fried, worth an estimated $22.5 billion, is the richest billionaire under 30 since Mark Zuckerberg, according to Forbes, while Coinbase co-founders Brian Armstrong (38) and Fred Ehrsam (33) are also part of the group of 15 members under 40 to make the list. The 36-year old Nishad K. got arrested because of cryptocurrency fraud charges. As much as cryptocurrency is a worthwhile investment, Ponzi schemes are on the rise. We want to make it possible for everyone to easily enter the world of cryptocurrency. And remember, cryptocurrency: "It's money 2.0, a huge, huge, huge deal.' The founder of the Morris Coin cryptocurrency has been arrested in India, over allegations the crypto project was a scam to defraud unsuspecting investors out of their capital. The above has been published by Proactive Investors Limited (the "Company") on its website and is made available subject to the terms and conditions of use of its website (see T&C ). 7. 16. The wallet holding the bitcoins has remained untouched since 2009 and the funds in it are unlikely ever to be accessed. Is Satoshi Nakamoto just a pseudonym? Also, the fact that its not registered on any exchange raises critical red flags. The Coaching Masters: Liam James Collins Shares the Story of Creating a 7-Figure Coaching Giant, Courtney Dyer Is Bringing Her Years Of Finance Knowledge To The Personal Finance Game Through The Financially Free Journey Podcast. Binance (a portmanteau of binary and finance) went live in 2017 and was headquartered in Shanghai. Each of them has different dreams and goals, but it is PLATINCOIN that makes them a reality! concludes Alex. Don't miss "FTX: What Happened" with the former president of FTX's U.S. arm and Anthony Scaramucci. According to a white paper published in the summer, Libra is a global currency based on blockchain technology, the value of which is tied to a basket of real world currencies (for example, US dollar, euro, Japanese yen). Larsens huge stacks of XRP he is thought to hold around 5 billion at one time made him one of the richest men in America. 9. Next up on our crypto rich list is one of the more enigmatic and less well-known figures to feature here. Thus, making it easy for Nishad to lure investors. Francoise Bettencourt Meyers, granddaughter of French pharmacist and LOreal founder Eugene Schueller, is the worlds richest woman, at $74.8 billion. Image via Shutterstock. However, he also set aside 1 million BTC for himself at the start of the project, which has sat untouched in a wallet known to be linked to him ever since. Saylor has had his ups and downs over the years, with an SEC investigation into MicroStrategys finances helping to wipe out a great deal of his fortune, though the company ultimately survived the hit to its share price. MicroStrategys stock has quadrupled the last two years, returning Saylor to the three-comma-club. In fact, Alex shares, PLATINCOIN users receive a printing press, only it prints not paper dollars, but the digital cryptocurrency PLATINCOIN, which can be exchanged for the same dollars or other cryptocurrencies on numerous exchanges. These cookies track visitors across websites and collect information to provide customized ads. Last year, the company reportedly facilitated about two-thirds of all trading volume handled by centralized changes, generating estimated revenue north of $16 billion. Alex Reinhardt is a serial entrepreneur, and venture investor from Germany. The bet has paid off as Bitcoins value has soared. After a stint as an investment banker, Silbert set up a number of projects, including SecondMarket, which allowed companies to trade illiquid assets. After a stint in Japan, the exchange was registered in Malta, with its ever-growing staff working remotely from across the world. FTXs U.S. operations were also recently valued by investors, at $8 billion. In 2007, he founded a company selling in-game . A decade ago nobody had heard of bitcoin, bar a handful of geeks and cypherpunks in some quiet corner of the internet. He was ousted in 2019 but has since bought shares from other shareholders to claim back his CEO status. Photographer: Bryan van der Beek/Bloomberg. The 30-year-old moved from Hong Kong to the more crypto-friendly Bahamas in late 2021 alongside his exchange FTX, which raised $400 million in January at a $32 billion valuation. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This website uses cookies to improve your experience. Market Indices, Commodities and Regulatory News Headlines copyright Morningstar. Barry Silbert - Age 41 - Net Worth $400 to $500 million - Digital Currency Group CEO. Nobody took him up on the offer, which would have netted a buyer half a billion dollars just over a decade later. It wasnt always such a cosy relationship though. The cofounder and executive chairman of blockchain company Ripple, whose XRP token is currently the 8th largest cryptocurrency, Larsen has kept busy fighting against a Securities and Exchange Commission lawsuitfirst filed in December 2020that alleges Ripples initial coin offering was an unlawful offer and sale of unregistered securities. These audience insights are used to make our website more relevant. However, it looks unlikely that he (or she) will ever come forward to claim their glittering prize. It now holds nearly $4.5 billion of BTC and Saylor hasnt been shy about picking up some for himself either. Szabo is a well-known cryptologist and lawyer, the developer of smart contract technology, the Bit Gold algorithm of decentralised virtual currency and the publication of which appeared just a few short months before Nakamoto's article on Bitcoin. Before Litecoin, Lee worked as a developer for Google. Saylor is the CEO of software firm MicroStrategy, which made the headlines last year when it became one of the first large corporations to start adding BTC to its treasury. He holds ETH, SOL and AVAX. Although cryptocurrencies are based on blockchain technology, where each transaction is a strict set of accurate digits that form a cryptographic hash, people are still creative in the industry. He owns around half of FTX and more than $7 billion worth of FTT, the platforms native token. The CEO and founder of Coinbase took the crypto exchange public through a direct listing in April 2021 at a stunning $100 billion valuation.