• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Cryptos

3 Billionaires who made their fortune through cryptocurrencies

Ajibola Akamo by Ajibola Akamo
September 19, 2021
in Cryptos, Spotlight
3 Billionaires who made their fortune through cryptocurrencies
Share on FacebookShare on TwitterShare on Linkedin

The cryptocurrency industry has grown at an astronomical rate over the past year.

Data from TradingView reveals that the cryptocurrency market capitalization has grown over 525% Year-on-Year (YoY) from $315 billion to over $2 trillion. This increase in market capitalization has seen many individuals become billionaires through investing in one shape or form in this industry.

Data from Forbes’ 2021 billionaires list reveals that there are 12 crypto billionaires, up from just four last year.

RelatedStories

Ripple, Brad Garlinghouse

Crypto startup, Ripple, agrees to acquire prime broker, Hidden Road for $1.25 billion 

April 8, 2025
Ripple teams up with Chipper Cash to boost cross-border payments in Africa 

Ripple teams up with Chipper Cash to boost cross-border payments in Africa 

March 27, 2025

Asides from these individual billionaires, the cryptocurrency market has seen an influx of institutional investors who are looking to grow their wealth in the cryptocurrency market as a hedge against the global inflation crisis. Companies such as MicroStrategy, Square and Tesla are putting Bitcoin on their balance sheets at an accelerating rate and with on-chain analytics data suggesting a net accumulation for Bitcoin, it can be inferred that more institutions are investing in the space.

READ: Meet the youngest billionaires in the world on Forbes Under 30

With the way cryptocurrencies are going mainstream, many Central Banks around the world have been prompted to consider offering a digital version of their currency in other to keep up with the ever-evolving digital world. They are well known as Central Bank Digital Currencies (CBDC). Nigeria plans to run a pilot program of its CBDC on Independence Day, the 1st of October 2021.

Although these cryptocurrency billionaires did not make Forbes’ top 100 list, the growth of cryptocurrencies and blockchain technology has certainly assisted with their net worth exploding over the past year.

READ: There are only 15 black billionaires in the world, here are the top 10

Here are the top 3 cryptocurrency billionaires.

Chris Larsen – $3.4 billion

Chris Larsen is a co-founder and chairman of Ripple, created in 2012 to facilitate international payments for banks using blockchain technology. Ripple’s native token XRP is the 6th most valuable cryptocurrency with a market capitalization of $51.3 billion.

Larsen was born 1960 in San Francisco, California. He attended San Francisco State University, where he earned a degree in International Business and Accounting in 1984. He began working for Chevron after college, doing financial audits in Brazil, Ecuador, and Indonesia. He graduated with an M.B.A. from the Stanford Graduate School of Business in 1991.

He is a business executive and angel investor best known for co-founding several Silicon Valley technology startups, including one based on peer-to-peer lending. In 1996, he co-founded the online mortgage lender E-Loan and during his tenure as CEO, E-Loan became the first company to freely provide consumers’ FICO credit scores.

READ: Meet Mohammed Indimi, Nigerian billionaire and founder of Oriental Energy

By 2000, E-Loan’s market value was estimated at $1 billion. In 2005, Larsen left the company when it was sold to Banco Popular. In 2006, he co-founded Prosper Marketplace and he served as CEO until 2012. Later in 2012, he co-founded the company Ripple Labs, Inc., which developed Ripple and its native token XRP.

Ripple is a software that enables the instant and direct transfer of money between two parties. Ripple counts American Express and Santander among its 100-plus customers.

Larsen stepped down as Ripple CEO in December 2016 but remains Executive Chairman. He holds over 3 billion XRP tokens and a 17% stake in Ripple Labs. XRP currently trades at $1.07 as of the time of this writing.

Brian Armstrong – $6.5 billion

Brian Armstrong is the chief executive officer (CEO) of Coinbase Global, the largest cryptocurrency exchange in the United States and the only cryptocurrency exchange to be listed on the NASDAQ exchange. He was formerly an AirBnB software engineer.

He was born on January 25, 1983, near San Jose, California. He attended Rice University in Texas and earned a dual bachelor’s degree in Economics and Computer Science in 2005, followed by a master’s in Computer Science in 2006.

Armstrong cofounded Coinbase in San Francisco in 2012 with former currency trader, Fred Ehrsam. He owns a stake of about 19% in Coinbase and when the company got listed on the NASDAQ, its market capitalization briefly hit $100 billion. His wealth majorly comes from his Coinbase equity. COIN is currently trading at $243.21 as of the time of this writing. Armstrong is ranked #404 on Forbes’ billionaires’ list.

Sam Bankman-Fried – $8.7 billion

Sam Bankman-Fried is the founder and CEO of FTX cryptocurrency exchange. He also manages $2.5 billion worth of digital assets through Alameda Research, a quantitative cryptocurrency trading firm he founded in October 2017. He was born in 1992 in Stanford, California. From 2010 to 2014, he attended the Massachusetts Institute of Technology. In 2014, he graduated with a degree in physics.

He started his career at Jane Street Capital, a proprietary trading firm. Afterwards, in October 2017, he founded Alameda Research, a quantitative trading firm. In April of 2019, he founded FTX, a cryptocurrency derivatives exchange. As of 2021, FTX owns approximately 90% of Alameda Research.

Sam Bankman-Fried made headlines when he was named on Forbes’ 30 Under 30 Finance list in 2021. He also made headlines in 2020 with his $5 million donations to a super-PAC that supported Joe Biden’s presidential campaign, making him one of the president’s biggest donors.

The vast majority of his wealth is in FTX’s equity and the native token of the FTX exchange FTT, which currently trades at $62.52 as of the time of this writing. He is ranked #274 on Forbes’ billionaires’ list.


Follow us for Breaking News and Market Intelligence.
Tags: Brian ArmstrongChris LarsenCoinbase GlobalFeaturedFTX cryptocurrency exchangeRippleSam Bankman-Fried
Ajibola Akamo

Ajibola Akamo

Ajibola Akamo is an Investment Analyst, Financial Analyst, Economist and Accountant. You may contact him via his email ajibolaakamo@yahoo.com

Related Posts

Ripple, Brad Garlinghouse
Cryptos

Crypto startup, Ripple, agrees to acquire prime broker, Hidden Road for $1.25 billion 

April 8, 2025
Ripple teams up with Chipper Cash to boost cross-border payments in Africa 
Sectors

Ripple teams up with Chipper Cash to boost cross-border payments in Africa 

March 27, 2025
Ripple, Brad Garlinghouse
Cryptos

Ripple’s $75 million SEC settlement propels XRP to $2.51, boosting market confidence  

March 26, 2025
Donald Trump
Cryptos

Ripple, Coinbase lead $10 million crypto donation to Trump’s inauguration 

January 18, 2025
XRP sinks to $1.10 after three-year highs, whales take profit
Cryptos

XRP jumps to six-year high, SEC begins appeal against Ripple 

January 16, 2025
Ethereum gains 3.8% as SEC drops its investigation on status of asset 
Cryptos

Ethereum loses $3.4K support amid market slump, Ripple ready to rise again 

December 26, 2024
Next Post
Senate , Ways and means

Senate threatens to issue arrest warrants against some heads of FG agencies

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia
  • Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 
  • Banks clear 95% of N180 billion USSD debt, 3 lenders still owing – ALTON 

Follow us on social media:

Recent News

Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

June 19, 2025
DMO, FGN Savings Bonds

Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics