The cryptocurrency industry has produced lots of billionaires following their tremendous contributions to the nascent space.
Over the last 12 months, there has been surging interest in cryptocurrencies, non-fungible tokens, and web 3.0 technologies, among others.
The massive interest in cryptocurrencies has contributed to the net worth of some of the notable players in the nascent industry. Last year, a total of 12 industry players were listed in the Forbes crypto billionaire rankings.
However, this year, the number has skyrocketed to 19, with Chanpeng Zhao, Binance CEO and founder at the top of the list with a net worth of $65 billion.
Sam Bankman-Fried, the founder of popular cryptocurrency exchange FTX sits at the second position with a valuation of $24 billion.
The founder and CEO of U.S.-based cryptocurrency exchange Coinbase, Brian Armstrong, was also not left out of the top three positions in the latest rankings.
Armstrong, who spearheaded Coinbase’s move to go public last year, ranked as the third biggest cryptocurrency billionaire after amassing a whopping $6.6 billion.
Meanwhile, the trio are not the most popular cryptocurrency players to have made the latest Forbes crypto billionaire rankings.
Other notable figures who made the list include Ripple Chairman Chris Larsen, Gary Wang of FTX, Gemini twin (Tyler and Cameron Winklevoss), Ripple’s Jed McCaleb, MicroStrategy’s Michael Saylor, and a host of others.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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