The post Top 10 Crypto Billionaires in 2024 appeared first on Coinpedia Fintech News
2022’s bear market was not very rewarding and profitable to the crypto geeks. Nevertheless, 2023 witnessed a huge wave of crypto whales who retained substantial wealth and ensured they carried it forward to 2024!
The collapse of FTX’s Sam Bankman-Fried caused the downfall of the billionaire from the list of top crypto billionaires in 2024. The notable crypto billionaires include of Elon Musk, Brian Armstrong and many more!
This report by Coinpedia has assessed the latest information on the market and compiled the list of the top 10 crypto billionaires in 2024. So, let us explore and learn more about the Big giants of the Crypto market.
Introduction
The top Crypto players make up a wide range of investors! Can you imagine that almost Half A Billion people worldwide have invested in cryptocurrencies? However, only a handful of fortunate ones know how to tap the best out of it.
You would not be shocked to discover that the wealthiest people in crypto have a technical background (an observation made by Coinpedia). Here is your list to the top 10 Crypto Billionaires who inspire the world to invest in crypto and be a part of the fascinating yet unprecedented crypto world.
All About The Crypto Billionaires
Elon Musk (Entrepreneur) $232 Billion
As of 2024, Musk’s net worth is estimated to be approximately $230 billion. The huge wealth of Musk can be attributed to his leadership and involvement in several prominent companies like Tesla and SpaceX alongside ventures like Neuralink and OpenAI.
Musk has confirmed that he owns Bitcoin personally. However Musk’s Tesla has Bitcoin holdings with a net value of $420 million as of Jan 2024. SpaceX was also believed to be holding $370 million worth Bitcoins until 2022.
Recently Musk shared his insights into X’s plans for in-app payment services in crypto. Crypto enthusiasts are hopeful for Musk’s integration of crypto as X’s in-app payment! Tesla’s acceptance of Dogecoin for merchandise purchases indicates a continued interest in crypto within Musk’s business ventures.
While Musk hasn’t confirmed crypto integration on X, analysts speculate that the increasing adoption of crypto, coupled with the potential approval of a bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC), could influence Musk’s take on crypto integration.
Satoshi Nakamoto – Bitcoin Creator ($30-$70 Billion)
Satoshi Nakamoto created Bitcoin. This fact is based on the famous Bitcoin white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System,” published in October 2008. Nakamoto was the author of the white paper, laying out the theory and operational structure of the Bitcoin payment system. In February 2009, he created the first ever online message board post dedicated to cryptocurrency, on the P2P Foundation forum.
By 2021, at least 1 million Bitcoin miners were verifying the data that make up the Bitcoin blockchain. However, those 1 million miners represent a fraction of the total number of Bitcoin holders, estimated to be more than 100 million people.
However, with BTC’s astronomical value and adoption, the true identity and holdings remain a mystery.
Brian Armstrong – CEO of Coinbase ($5.8 Billion)
The CEO of Coinbase, also the youngest tech billionaire has been in the news quite a lot lately! He currently holds a substantial 19% of Coinbase’ shares. Most of his wealth is attributed to that only! With CZ gone at Binance, and FTX’s Sam Bankman-Fried set for prison, Brian Armstrong is the biggest big gun in 2024 in the crypto landscape.
Micree Zhan – Co-founder of Bitman, ($4.3 billion)
The co-founder of Bitman, Zhan is a notable Chinese entrepreneur and investor. Bitman is the world’s largest computer chip company for crypto mining. In 2018, he was named as the richest crypto billionaire in the world. The net worth of Zhan has been fluctuating and currently stands at $4.3 billion in 2024.
Barry Silber – DCG CEO ($3.2 Billion)
Barry Silbert is the founder and CEO of Digital Currency Group (DCG), a conglomerate of cryptocurrency-focused companies. Barry resigned as the chairman of Grayscale Investments, effective January 1, amid legal challenges faced by his company, Digital Currency Group (DCG), which was sued by the New York Attorney General for allegedly defrauding investors of over $3 billion. DCG was involved in various entities, including digital asset manager Grayscale, CoinDesk, Foundry, Genesis Global Capital, and Luno.
As of 2021, DCG managed assets worth $50 billion. Barry Silbert is known for his significant role in shaping the cryptocurrency industry.
6.Chris Larsen – Co-founder of Ripple, ($2.9 billion)
His trajectory from being a Silicon Valley entrepreneur to co-founding Ripple showcases his wealth and potential in crypto ventures. Even through the tough times during the legal battle over XRP’s Ripple, his resilience got him the net worth of $2.9 billion in 2024. Forbes estimated his net worth to be as high as $59 billion in 2018, briefly placing him among the world’s wealthiest individuals.
7. Tim Draper – Venture Capitalist ($2.5 Billion)
Tim is significantly known for founding venture capitalist firms and business entities which include Draper University, Draper Venture Network etc. His major wealth stems from huge crypto investments. Tim is quite an active figure in the global business world and is recognised for his contributions as an established entrepreneur.
8. Jed McCaleb – Co-founder of Ripple and Stellar, ($2.4 billion)
An early prodigy in the blockchain space, Jed McCaleb helped in launching three well-known crypto firms. In 2010 he created Mt. Gox, the first major Bitcoin exchange, which he sold a year later before it was hacked. McCaleb co-founded Ripple in 2012, but soon left over disagreements with fellow founders. Another venture, in 2014, was co-founding Stellar, a Ripple competitor that works to speed up cross-border payments. Most of McCaleb’s wealth comes from selling much of the original 9 billion worth XRP he pocketed as a Ripple cofounder. He sold his last coins in July 2022.
9. Devin Finzer & Alex Atallah – OpenSea Co-founder, ($2.2 billion)
Devin Finzer and Alex Atallah are major figures in the world of non-fungible tokens (NFTs) and are the co-founders of OpenSea, one of the leading online marketplaces for NFTs. OpenSea enables users to buy, sell, and trade digital collectibles, which have gained immense popularity in the recent times.
Both Devin Finzer and Alex Atallah were estimated to be billionaires, with Forbes reporting that their stakes in OpenSea were worth approximately $2.2 billion each in January 2022 which made them among the first NFT billionaires.
10. Fred Ehrsam and Nikil Viswanathan(CEO of Alchemy), $1.8 billion
A successful entrepreneur, Nikil Viswanathan and his co-founder decided to make a successful bet in the digital currency world in 2020. In less than two years, their company dubbed ‘Microsoft for Blockchain’ reached a valuation of $10.2 billion (over Rs 83,000 dollars).
Viswanathan is the co-founder of Alchemy, the software firm that is among the “fastest growing companies ever”. Viswanathan is an alumnus of the prestigious Stanford University. His net worth is around Rs 14,752 crore ($1.8 billion). He is one of the youngest Indian-origin billionaires in the world. He is also an investor with Alchemy Ventures.
Fred is a co-founder of Coinbase, a prominent crypto platform. His net worth is largely associated with Coinbase and Crypto involvements. He is well known for a significant Bitcoin purchase and for predicting substantial price growth for the Crypto.