Forbes releases the first-ever Crypto Rich List, a compilation of the 20 wealthiest people in crypto. There are now nearly 1,500 crypto-assets in existence, valued at an aggregate of $550 billion, up 31 times since the beginning of 2017. While the prices of individual cryptocoins continue to swing wildly, it’s clear that blockchain-based currency is here to stay and that these virtual assets have real, albeit volatile and speculative, value.
“Our first-ever Crypto Rich list provides a snapshot of a pivotal moment, part of the transparency needed to pull crypto away from its provenance as an unknown currency,” said Randall Lane, Chief Content Officer, Forbes Media.
Chris Larsen, a longtime tech executive and Founder of Ripple, tops Forbes’ Crypto Rich List. Larsen’s net worth came close to $20 billion in early January 2018, as a result of owning 5.2 billion XRP, the token of Ripple.
Changpeng “CZ” Zhao, CEO of Binance, a cryptocurrency exchange is featured on the cover of the February 28, 2018, issue of Forbes magazine. His stake in Binance and his coins give CZ a personal fortune worth as much as $2 billion.