Forbes Names Ripple Co-founder Chris Larsen Wealthiest Person Through Cryptocurrencies

Taking the 383rd spot in a three-way tie on Forbes 400 list is Chris Larsen, co-founder of Ripple. Exclusively through cryptocurrency, the American has been valued at $2.1 billion. However, at the beginning the year, before the crypto market crash, Ripple’s XRP was trending at $2.30, placing Larsen’s estimated net worth at $37.3 billion. Currently, XRP is hanging around $0.48.

The Ripple co-founder built his vast wealth by creating a platform to make payments using blockchain technology. Larsen currently is in possession of 5.2 billion XRP with a 17% stake in the growing company. Ripple is currently sitting 60 billion XRP, and with Larsen’s shares in the company, he has made the Forbes list.

Also making news on the Forbes list is Jeff Bezos, founder and CEO of Amazon, the tech giant marketplace. Bezos has overtaken Microsoft’s Bill Gates $90 billion net worth, to enter the number one position on Forbes 2018 richest billionaires list. Accumulating $160 billion, Bezos is the only person to have broken the $100 billion threshold.

Brad Garlinghouse, Ripple Labs CEO, whose net worth was reported to be around $9.5 billion also generated a lot of wealth through cryptocurrency, did not make the cut this year for the list. The Forbes list however, also has some other star cryptocurrency leaders, such as US-based Coinbase founder Brian Armstrong, Ethereum co-founder Chris Lubin, Binance founder Changpeng Zhao, and the media famous Winklevoss twins.