The number of crypto billionaires profiled by the magazine has quadrupled in one year.
Forbes has released its annual list profiling the world’s billionaires — with the business magazine revealing that the number of mega-rich crypto entrepreneurs featuring in its prestigious rundown have trebled over the past year.
A total of 12 people now feature in this list, considerably more than the four that starred before. This has been linked to the dramatic surge in crypto prices that began last October.
Who’s on the List?
As you might expect, early adopters such as Cameron and Tyler Winklevoss appear prominently on the list. The twins managed to turn a $65 million settlement that they received after suing Facebook into a personal fortune of $3 billion each, and a lot of this has been linked to how they began buying Bitcoin in 2012.
Michael Saylor, whose company MicroStrategy became the first publicly listed firm to invest in BTC last August, is now estimated to have a net worth of $2.3 billion “after snapping up Bitcoin ahead of the boom — for both himself and his company.”
Tim Draper gets an honorable mention for purchasing $18.7 million worth of Bitcoin that was seized by U.S. authorities in 2014. Fast forward to today, and that haul is now worth $1.5 billion.
A number of entrepreneurs also get a mention. Sam Bankman-Fried has a net worth of $6.5 billion, while Coinbase CEO Brian Armstrong is worth $6.5 billion — with his wealth now six-and-a-half times higher than it was when he appeared in the list last year.
Binance’s Changpeng Zhao was also named as a member of the “three comma club” with a net worth of $1.8 billion.