First-Ever List of Rich People in Cryptocurrency

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The unregulated world of cryptocurrency may have allowed individuals around the world to keep their wealth a secret but it is no secret that many have managed to make a fortune. Like a lottery ticket, Bitcoin and other cryptocurrencies made buyers rich overnight.

Naturally, we are all interested to know who made the most and so here is the first-ever "Richest People in Cryptocurrency" released by Forbes based on "numbers on estimated holdings of cryptocurrencies (a few provided proof), post-tax profits from trading crypto-assets and stakes in crypto-related businesses, and locked estimates using prices on Jan. 19, 2018" it said.

It also said that they might have certainly missed some people and estimates are "wide of the mark" but, they took the step to release it because they believe that with their rich lists, they made "the world a better place by shining a light on the invisible rich."

Please note that the estimates are based on conversions of cryptocurrency rates to US dollars and rupees as on January 19, 2018.

10. Michael Novogratz

Age: 53
CEO at Galaxy Digital
Net worth in Cryptocurrency (Estimate): $700 million-$1 Billion (Rs 4,500- Rs 6,300 Cr)

He is a well-known hedge fund manager and a billionaire who had made it to Forbes' billionaires list in 2017. He invested in crypto-world in 2013 and decided to quit his investment group two years later to focus on them.

9. Brock Pierce

Age: 37
Chairman of Bitcoin Foundation and Advisor at Block.one
Net worth in Cryptocurrency (Estimate): $700 million-$1 Billion (Rs 4,500- Rs 6,300 Cr)

He is a former child actor who moved from USA to Puerto Rico to take advantage of the tax exemption from income tax. He funded crypto-companies like Mastercoin, Blockchain Capital, Coinbase and Ethereum at their early stages.

8. Anthony Di Iorio

Age: 43
Co-founder of Ethereum and founder of Jaxx and Decentral
Net worth in Cryptocurrency (Estimate): $750 million-$1 Billion (Rs 4,800- Rs 6,300 Cr)

He used the strategy of starting early of new coins and sell them after they level up for new cryptocurrencies.

7. Matthew Rosnak

Age: 45
Co-founder of Bloq and founder of Tally Capital
Net worth in Cryptocurrency (Estimate): $900 million-$1 Billion (Rs 5,700- Rs 6,300 Cr)

Matthew Rosnak invested in Bitcoin in 2011 and even took part in the first Initial Coin Offerings (ICO) in 2013 where he invested in Mastercoin, Factom and Maidsafe. He even told Forbes that he gave Richard Branson and Bill Gates their first bitcoins.

 

6. Brian Armstrong

Age: 35
CEO at Coinbase
Net worth in Cryptocurrency (Estimate) : $900 million-$1 Billion (Rs 5,700- Rs 6,300 Cr)

Brian Armstrong founded Coinbase, the San Francisco based digital assets exchange in 2012.

5. Matthew Mellon

Age: 54
Investor
Net worth in Cryptocurrency (Estimate) : $900 million-$1 Billion (Rs 5,700- Rs 6,300 Cr)

The heir to one of America's greatest banking fortunes, he was an investor in Ripple when they had just launched. He invested almost $2 million to acquire XRP tokens as he believed that they would revolutionize banking.

Also Read: What is Ripple?

4. Cameron & Tyler Winklevoss

Ages: 36
Co-founders of Winklevoss Capital
Net worth in Cryptocurrency (Estimate) : $900 million-$1.1 Billion (Rs 5,700- Rs 7,000 Cr)

The twin brothers invested in bitcoins in 2012 when people barely believed in it and held on to it. They have also built a New-York based cryptocurrency exchange that recently processed $300 million in daily transactions.

3. Changpeng Zhao

Age: 41
CEO of Binance

Net worth in Cryptocurrency (Estimate) : $1.1-$2 Billion (Rs 7,000- Rs 13,000 Cr)

He created the world's largest crypto-exchange Binance that is now known as 'CZ' in 7 months.

2. Joseph Lubin

Age: 53
Co-founder of Ethereum and founder of Consensys
Net worth in Cryptocurrency (Estimate) : $1-$5 Billion (Rs 6,300- Rs 32,000 Cr)

He is a former Goldman Sachs executive who funded Ethereum, the blockchain platform. He also founded ConsenSys, the company that helped launch crypto companies and tokens.

1. Chris Larsen

Age: 57
Co-founder of Ripple
Net worth in Cryptocurrency (Estimate): $7.5- $8 Billion (Rs 47,800-51,000 Cr)

He is the executive chairman and former CEO of Ripple. He personally owns 5.2 billion XRP, Ripple crypto-token.

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