Ripple Co-Founder First Crypto Billionaire on Forbes 400 List

  • Ripple co-founder Chris Larsen is the richest person to earn their wealth through cryptocurrency.
  • Larsen has broke into the Forbes 400 list with a net worth of $2.1 billion

Cryptocurrency entrepreneurs and investors are now ranking as some of the richest people in the world.

Last week, Forbes published their annual “Forbes 400” list, which ranks the wealthiest Americans by net worth. Ripple co-founder Chris Larsen was one of the new names on the list this year, coming in at 383rd with a net worth of roughly $2.1 billion. Forbes noted in their introduction that Larsen is, “the first member of the 400 to make a fortune from crypto-currency.”

If Ripple (XRP) was still seeing the all-time-high prices of this past January, Larsen would be closer to the top of the list. Back in January, Forbes estimated that Larsen’s net worth was $37.3 billion. At the time Forbes reported:

Cofounder and former CEO Chris Larsen, who stepped down in November 2016 and now serves as executive chairman of Ripple, has 5.19 billion XRP in his personal holdings and a 17% stake in the company, according to sources at Ripple. That gives him a net worth of $37.3 billion. That would make him the 15th richest American on the 2017 Forbes 400 list.

Cryptocurrency markets have created so much wealth in recent years that Forbes also created a list specifically for crypto investors and entrepreneurs.

Larsen was at the top of that list as well, along with Ethereum co-founder and Consensys founder Joseph Lubin, Binance founder Changpen Zhao, the Winklevoss twins, and Coinbase founder Brian Armstrong. The people who make up the Forbes crypto list are an average of 25 years younger than those who are in the 400 list.

Ripple’s Year

Ripple has had a lucrative year, but the company is giving back as well. Last month CryptoGlobe reported that Ripple (XRP) launched a $100 million charity program called “Ripple For Good.” This week, Ripple supporters renewed a push to make XRP the official cryptocurrency of the Olympics, although the company still has a long way to go in terms of merchant adoption and point of sale options.