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Chris Larsen Net Worth, Crypto and NFT Investments

Forbes estimated the net worth of Chris Larsen to be around $2.6 billion in 2023. He made his name as one of the co-founders of Ripple in 2012. Without any doubt, the net worth of Chris Larsen gained significant weight owing to the success of Ripple. However, prior to Ripple, Chris Larsen co-founded other successful enterprises like E-Loan, Prosper Marketplace, and Silicon Valley. The net worth of Chris Larsen first hit a recognizable height in 2000. Then, the market value of E-Loan reached a $1 billion benchmark. 

Chris Larsen

Meanwhile, on January 4, 2018, Forbes reportedly ranked the Ripple co-founder as the fifth richest person in the world. Then, the net worth of Chris Larsen according to Forbes was apparently $59 billion. Due to that, he was regarded as the richest crypto investor. The ranking dominated the airspace on the day XRP recorded its all-time high of $3.84. By 2020, when the SEC filed a lawsuit against Ripple, XRP plummeted and it affected the net worth of Chris Larsen. This is due to his possession of 5.19 billion XRP and a 17% stake in Ripple Inc. 

Therefore, the reason behind the sharp dip in Chris Larsen’s wealth isn’t far-fetched. The XRP token has lost a sizable portion of the value it recorded on January 4, 2018. In 2023, Forbes ranked Chris Larsen as the #1185 richest person in the world.

Chris Larsen’s Net Worth

YearNet Worth
2019$1.9 billion
2020$2.6 billion
2021$3.4 billion
2022$4.3 billion
2023$2.6 billion

Early Life

Chris Larsen was born in San Francisco, California, in 1960. His mother worked as a freelance illustrator and his father was an aircraft mechanic for United Airlines at the San Francisco International Airport. Upon the completion of his High School education, Chris Larsen proceeded to San Francisco State University in 1980. 

He bagged a B.S. in international business and accounting four years later. Larsen started his career early. He worked with Chevron as a financial auditor. In 1991, he graduated from the Stanford Graduate School of Business bagging an M.B.A.


In 1996, Chris Larsen co-founded E-Loan alongside Janina Pawlowski. The platform was one of the earliest online mortgage lending service providers in the United States. The two became friends in 1992 while they were working with a mortgage lending organization. They opted to quit their jobs to set up the E-Loan project. E-Laon started in a small office in Dublin, California. Both Chris Larsen and Janina raised $450,000 to fund the business. At the inception of the firm, Janina Pawlowski was the CEO, while Chris Larsen served as the President. 

During this period, there were no platforms that provided access to loans without brokers. Due to that, E-Loan enjoyed significant attention, earning massive patronage. Also, it is worth mentioning that both Chris Larsen and Janina Pawlowski have reservations about the high fees and commissions obtainable in the mortgage lending industry. This situation motivated them to establish E-Loan in a bid to leverage the growing influence of the Internet, and as well, put an end to the high fees on mortgage loans.

In 1998, E-Loan struggled to stay in business. Due to that, Chris Larsen stepped up to become the CEO, and Janina Pawlowski provided support for him as the President. The struggle compelled the partners to go into a negotiation with Intuit for a $130 million buyout. However, the offer from Intuit contained some conditions that would reduce the influence of the two partners in the organization. Chris Larsen and Janina Pawlowski were reluctant to proceed with the deal. Luckily, Yahoo made a bid that was more favorable for the two in terms of ownership and control. Although, the bid wasn’t as financially buoyant as that of Intuit, Chris Larsen, and Janina Pawlowski went on to strike a deal with Yahoo. 

Notably, the deal with Yahoo provided a fresh start for E-Loan. According to Forbes, the CEO of Yahoo, Timothy Koogle offered $25 million to acquire a 23% stake in E-loan. As part of the deal with Yahoo, investment ventures like Sequoia Capital and SoftBank committed a significant amount of investment into E-Loan. At the end of the year, E-Loan recorded $6.8 million worth of revenue. In 1999, Chris Larsen proposed that Janina Pawlowski reclaim her position as the CEO, but she declined and continued serving as the President. 

In early 1998, Chris Larsen and Janina Pawlowski decided to take E-Loan public. The company filed for an initial public offering, and around June, E-Loan eventually went public. The firm enjoyed significant advancement during the year as it recorded progress in every ramification. As a result of this, it increased its workforce by employing not less than 350 people. During this period, the organization became the foremost online mortgage business in the world. Likewise, its revenue increased by 200%.

Around 2000, the market value of E-Loan attained a great height; reaching $1 billion. That year, Chris Larsen served as both CEO and Chairman of the firm. Under his guidance, E-Loan became the first organization to provide users with FICO credit scores.

In 2002, Chris Larsen oversaw the establishment of E-Loan’s headquarters in Pleasanton, California. During the year, the organization inaugurated the E-Loan auto fund one. Also, E-Loan acquired a $540 million credit facility from Merril Lynch to finance the project. Likewise, it also intensified its effort toward providing more mortgage loan services. This effort birthed the creation of Escrow Closing Services, Inc. in 2003. The Escrow Closing Services, Inc. functioned as a subsidiary of the organization and offers some mortgage closing services like documentation, signing, disbursement, and recording services. In 2004, E-Loan employed 930 personnel as its assets had already increased to $121 million.

E-Loan continued on a stable financial path as the organization enjoyed more patronage. As of May 2004, it had provided more than $18.9 billion in consumer loans. Similarly, Chris Larsen guided the firm to an eight-quarters profit streak. He stepped down as the CEO in early 2005 to focus on some other business endeavors. The same year, Puerto Rico-based commercial bank Banco Popular paid $300 million to acquire E-Loan. Before the sale, Chris Larsen had 5.05 shares in the organization, which made him the largest individual shareholder. The deal surfaced in an attempt to broaden the pathway of E-Loan to financial holding and also enhance its loan production broadband. 

Prosper Marketplace

After stepping down as the CEO of E-Loan in 2005, Chris Larsen alongside John Witchel co-founded Prosper Marketplace. He served as the CEO of the organization and for three years. Prosper Marketplace operated a variable rate model that encouraged peer-to-peer lending. With this system, lenders and borrowers determine loan rates based on the Dutch auction style.

To ensure transparency, the marketplace usually disclose borrowers’ credit grades publicly. Also, the platform often publishes performance and market data on its website. Not long after its establishment, Prosper marketplace attracted the patronage of homeowners, students, entrepreneurs, and credit-card users. Chris Larsen personally funded about 450 loans worth $120 million for users at the infant stage of the firm. Through its transaction-based system, Prosper marketplace generates revenue, charging users a certain amount on every transaction on its network. 

When Prosper Marketplace was still struggling to find its feet, the United States Securities and Exchange Commission accused the platform of violating its regulatory provisions. After a thorough investigation, on November 24, 2008, Prosper Marketplace was found guilty, and the SEC filed a cease-and-desist order against it. The issue went on to set a precedent for all peer-to-peer lending transactions as they were classified as sales of securities. Due to that, it is now mandatory for platforms that offer peer-to-peer lending services in the United States to register with the SEC. After resolving the issue with the SEC, Prosper Marketplace reopened its platform on July 2009.

After the reopening, Prosper Marketplace solicited for more funds to boost its services. In April 2010, the platform actualized $14.7 million through a Series D funding round. Then, it decided to change its business model. According to findings, the firm filed a new prospectus with the SEC so as to adopt a pre-set rate designed by the platform itself. Additionally, Prosper Marketplace employed a formula that evaluates the credit risk of a prospective borrower. To actualize this, it designed a loan pricing algorithm that helps set interest rates. The mechanism analyzes the credit report of a borrower and also enables lenders to invest at the rate it provides. 

As the marketplace attracted more patronage, it continued to secure the backing of angel investors. Around 2011 for instance, it completed a Series E funding round in June 2011. Also, a filing with the SEC projected that in the same year, Prosper Marketplace raised $17.15 million by selling some of its shares.

In 2013. The platform received a $45 million financial boost in a double funding rounds, with heavy contributions from Sequoia Capital and BlackRock. The following year, it also raised $70 million in a funding round, with another $165 million worth of investment in 2015. This same year, the marketplace came under the investigation of the FBI. Then, the FBI reported that one of the assailants of the 2015 San Bernardino attack, Syed Rizwan Farook, borrowed $28,000 from the marketplace. Further, the FBI added that the attacker used the funds to acquire weapons and explosives to carry out the attack. The issues attracted scrutiny from the FBI, the House Financial Services Committee, and the California Department of Business Oversight.


After overseeing the success of Prosper Marketplace, Chris Larsen co-founded OpenCoin around September 2012, in San Francisco, California. The company transitioned to what is known as Ripple Inc. today. However, the initial focus of the firm was to aid the development of Ripple, a payment protocol that facilitates the transfer of money across borders between two entities. The concept was designed by popular software developer, Ryan Fugger. Chris Larsen conceived the idea of Ripple in an effort to help reduce heavy transactional charges. Also, the tech entrepreneur aimed to address the lengthy processing of transactions obtainable with the traditional banking system.

OpenCoin created XRP as a virtual currency to aid swift transfer of money by financial institutions. The firm received a financial boost through an angel funding round led by top investors like Andreessen Horowitz, Google Ventures, and IDG Capital Partners. The funds provided OpenCoin with the financial strength to acquire SimpleHoney in a bid to help it enhance the popularity and adoption of digital currencies. During the year, banks began consulting OpenCoin to integrate its Ripple payment protocol into their system. On September 26, 2013, OpenCoin rebranded and changed its name to Ripple Labs, Inc.

Ripple Labs under the leadership of Chris Larsen donated heavily to some charitable causes. In November 2013, the company collaborated with World Community Grid. The World Community Grid is a tech-oriented not-for-profit organization that provides support for humanitarian causes like efforts against AIDS, and cancer. The community employs an initiative that pools surplus processing power from computers and electronic devices to support the above-listed causes. As a result of its collaboration with Ripple, volunteers that join the Ripple Labs team and donate their computing power get XRP in return. Under Chris Larsen, the organization donated more than 250 million XRP through the World Community Grid.

Also, Chris Larsen, in a bid to foster the popularity of Ripple, facilitated collaboration with some notable organizations. Ripple teamed up with ZipZap to establish a movement known as Western Union in the press. More so, in July 2013, Ripple Labs co-founded the Digital Asset Transfer Authority (DATA) alongside other top organizations in the crypto industry. The organization focuses on providing good technical standards to shut out indecencies in the industry.

Likewise, the firm partnered CrossCoin ventures to initiate an accelerator program that provides support for startups in an effort to advance the Ripple ecosystem. With the guidance of Chris Larsen, Ripple often avails $50,000 worth of XRP tokens to selected startups in return for about a 3% to 6% stake in diluted common stock.

Chris Larsen guided Ripple to become a force to reckon with in the virtual assets industry. The outstanding success of Ripple also skyrocketed its native token, XRP, thereby becoming the second-largest cryptocurrency by market capitalization behind Bitcoin in 2014. His strategic leadership and administrative prowess helped the firm attain the prominence and recognition that it deserves in the financial arena. In 2016, Chris Larsen stepped down as the CEO of Ripple, giving room for the firm’s COO and President, Brad Garlinghouse to take over.

Meanwhile, the recent ruling that went in favor of XRP birthed many positive developments for the token. Top cryptocurrency exchanges like Kraken and Coinbase relisted the token shortly after the news of the ruling greeted the media space.

In its announcement, Kraken announced that users in the United States can now trade and deposit XRP. On the other side, Coinbase announced the availability of XRP for trading once liquidity conditions have been met.

Lawsuits and Controversies Involving Chris Larsen

As the co-founder of Ripple, Chris Larsen was also named in the ongoing lawsuit instituted against the firm by the United States Securities and Exchange Commission at the United States Southern District Court of New York. The legal battle started in 2020 after the regulator filed numerous complaints against Ripple, and its executives. In the filing, it was alleged that Larsen and the CEO of Ripple; Brad Garlinghouse leveraged the firm to raise over $1 billion between 2013 to 2020. According to SEC, the executives made the whopping sum of money through the sale of XRP in an unregistered security offering to investors.

It is not in doubt that the regulator wants to place the crypto economy in the United States under its purview. In its lawsuit against Ripple, it claimed the blockchain firm did not file any registration document before raising capital from the public. Larsen’s name was specifically identified in the filing that he “knowingly or recklessly provided substantial assistance to another person in violation of [Section 5].”

Meanwhile, Ripple in its defense, slammed the regulator, insisting that it lacks the jurisdiction to oversee its operations. The firm, in a 93-page legal document, described the allegations as baseless. Around 2021, Larsen filed a motion to the U.S. court to dismiss the lawsuit, insisting the regulator has failed to state a claim against him.

On July 13, 2023, the age-long legal tussle between Ripple and the SEC finally came to an end. Judge Analisa Torres ruled in favor of Ripple Labs that XRP isn’t a security. With that, Chris Larsen is now acquitted of the securities charges leveled against him. This ruling will surely set the tone for future regulation of cryptocurrency in the U.S. and as will serve as a precedence for other similar lawsuits.

Meanwhile, shortly after the verdict was made public, XRP enjoyed a 29% increase. Consequently, the increase is likely to impact the net worth of Chris Larsen as he owns a significant portion of the token. Similarly, the verdict will shower Ripple with more attention in the crypto market and provide investors with enough confidence to commit to the project.

According to findings, Ripple, in its quest to achieve this legal victory, had referenced Hinman’s document to prove that XRP is not a security and should not be under the purview of the SEC. William Hinman was the former director of the Securities and Exchange Commission. In a 2018 speech, Hinman was reported to have affirmed that Bitcoin and Ethereum are not securities. This statement credited to the former SEC exec was instrumental to the final outcome of the lawsuit. Initially, SEC attempted to hide the document from the proceedings but was compelled to release it by the Court.

In recent times, notable actors in the crypto sphere voiced out against the regulatory confusion in the U.S. They believe the country’s approach to regulating the crypto economy will drive many firms away from its jurisdiction. Recently, the CEO of Ripple, Brad Garlinghouse said Europe will benefit from the regulatory uncertainty in the United States.

Recall that apart from Ripple, the regulator in the country has also instituted numerous lawsuits against a few other crypto firms, like Binance and Coinbase. In June 2023, it lost in its bid to freeze the assets of Binance U.S., an affiliate of the exchange in the country. Without any doubt, the future of the crypto economy in the U.S. lies in the final outcomes of these cases.

Similarly, there is another ongoing involving Larsen, Garlinghouse, and Ripple Labs. The lawsuit was filed by the regulator in California. Ripple and its execs are alleged to have breached California and Federal securities laws.

Amid the ongoing lawsuits, Chris Larsen has been embroiled in a series of controversies. In 2021, he was backlashed for donating $695,000 to a controversial surveillance camera project in San Francisco. According to reports, he made the donation to aid the installation of cameras by the Castro Upper Market Community Benefit District, a public-private partnership of local businesses and property owners.

The Ripple executive chairman, in a statement said, “In many ways, tech has contributed to the disparity and problems that we see in San Francisco today. As members of the community, I think it’s our job to help solve them by reinvesting in The City, making it safe and supporting our small businesses.”

However, the gesture was heavily criticized by the local lesbian, gay, bisexual, transgender, and queer (LGBTQ) community. The group alleged that it has, over the years, been discriminated by the Police and feels Larsen’s decision to sponsor the installation of cameras will further make them vulnerable.

Larsen has been donating to the controversial project since 2012. At a time, he gave $4 million to support its camera installation initiative in other sensitive neighborhood. The cameras helped the police manage the massive protest that erupted in 2020 following the killing of George Floyd. However, the usage of the cameras triggered a lawsuit from the American Civil Liberties Union. The group alleged that the move violated protestors’ First Amendment rights.

In 2022, Chris Larsen was also the subject of another controversy after he launched a campaign, themed “Change the Code, Not the Climate” in collaboration with Greenpeace and the Sierra Club. According to findings, the Ripple co-founder leveraged the campaign to encourage members of the Bitcoin community to unite in a bid to change the Bitcoin source code from PoW to PoS. However, the move was heavily criticized by prominent members of the community.

One of those who condemned Larsen’s move was Ryan Selkis, founder of data research and analytics platform, Messari. He described the Ripple former CEO as a “Judas” whose intent was to bite the finger that fed him. In a Twitter post, Selkis said “Chris Larsen – who in a just society would be in jail for the bad faith investor misrepresentations he and his team made regarding their XRP sales – is spending money attacking the industry that created his ill-gotten multi-billion dollar fortune. Judas.”

Is Chris Larsen Pro Crypto?

Apart from being a notable supporter of cryptocurrency and blockchain, Chris Larsen is a pioneer in the industry. He is one of the earliest believer in the potential of crypto innovations to revolutionize the global financial arena. His contributions to the advancement of the crypto industry has been invaluable. As a committed crypto proponent and expert, Larsen has always been consistent in teaching and spreading the gospel of digital currencies.

Larsen’s focus has always been to foster the widespread adoption of cryptocurrency. In 2018, he paid a classroom visit to his alma mater, San Francisco University to teach the students about the potential of the assets. While engaging the students, Larsen boasted that crypto technology has come to stay, expressing confidence in its ability to radically transform global business. The famous alumnus made the students reflect on problems associated with the traditional banking system. According to him; “currently, if you want to try to wire money from your bank to the U.K. it could take three or four days and it costs a fortune in fees. The basic infrastructure to instantly send and receive money across borders is not there. That’s the big problem to solve.”

The Ripple co-founder believes cryptocurrencies avail the enablements to solve this problem. He also spoke about the potential of blockchain. Apart from being the underlying technology behind crypto assets, the use cases of blockchains, have over the years, spread to many sectors. To Larsen, this technology paves the way for what he described as “the internet of value.” He said; “we don’t think the blockchain can do most of what’s been ascribed to it. But we’re entering the Internet of value – and that is very much underhyped.”

Chris Larsen graced the Money2020 FinTech conference and shared his perspective on the ongoing revolution in the financial space as well as the regulation of the crypto space. He lamented the rising scams, massive theft, and money laundering in the crypto space. Larsen feels these scandals have continued to instill fear in people who would have embraced cryptocurrency.

In a bid to curtail the challenges, the Ripple former CEO advised crypto firms to collaborate with banks to advance their regulatory compliance mechanism and as well, integrate efficient security frameworks to protect their users’ assets. He also called for a thoughtful implementation of regulation to help digital assets boost the creation of global liquidity to avert the recurrence of another financial crisis similar to the one witnessed in 2008.

Owing to his in-depth knowledge of crypto and blockchain technology; potential and existing investors always want to listen to Larsen when he speaks. He is notable for issuing predictions and investment recommendations while on podcast shows. For instance, he was featured on The FinanZe Podcast in 2021, and as expected, he had something to say to investors.

The Ripple executive chairman, during the podcast, cautioned investors against venturing into Dogecoin. Larsen described investment in the meme coin as a gamble, stressing that its rise is not unconnected to the support it enjoys from Tesla boss, Elon Musk. However, he predicted that Musk will betray Dogecoin just the way it left Bitcoin.

To emphasize his argument, Larsen reflected on Musk’s antecedent in the crypto sphere. He said; “his participation in crypto has been weird. Kinda haphazard. Super big on Bitcoin, then he just bailed on them. I think he bailed on them for the right reasons, but woah. So if you’re a Bitcoin maximalist, you’re going to be feeling pretty bad about that, right? Same thing could happen to Dogecoin tomorrow…”

Since the beginning of the ongoing lawsuit between Ripple and SEC, Chris Larsen has been critical of the regulatory approach in the U.S. In a 2021 interview with Wall Street Journal, he lamented how the country has been “slow in the game” of experimenting, implementing, and regulating the crypto economy. According to him, the U.S. must change its tough stance on crypto to avoid potential catastrophe. To Larsen, the regulator in the country has only been engaging in regulatory bullying with its recent clampdown on crypto firms.

Amid his decision to donate to Greenpiece’s campaign against the purported environmental harms of Bitcoin, Larsen was dragged by several maximalists of the crypto. One of them, Cory Klippsten, the chief executive of Swancom launched a verbal assault against Larsen, describing him as “anti-human.” Klippsten also uploaded a video where he taunted XRP as an unregistered security and a pump-dump scheme.

However, the Ripple former CEO had come out to clarify that his intention with the campaign was pure and not geared toward degrading the potential of Bitcoin.

Overall, Chris Larsen has been an exceptional asset to his firm, Ripple, and the crypto industry at large. Before stepping down as the CEO of Ripple, the firm has already gained acceptance in the banking sector. Around 2014, XRP, the native token of Ripple became the second-largest cryptocurrency by market cap under the guidance of Larsen. Also, the firm was ranked 4th in the list of the world’s most innovative companies in 2015.

Crypto and NFT Holdings of Chris Larsen

Chris Larsen is one of the crypto billionaires around, boasting of $2.6 billion net worth as per Forbes estimates. According to findings, he made his wealth through early investment in cryptocurrency as well as the recent success of Ripple. Around 2017, Forbes ranked Chris Larsen as the richest crypto person with not less than $7.5 billion. However, it is not surprising that his crypto net worth has plunged in recent years, particularly after the downturn that greeted the market in 2022. Forbes report claims he lost not less than $2 billion to the market crisis.

According to findings; his crypto portfolio is dominated by XRP, Ethereum, and Bitcoin. Without any doubt, Larsen despite being the co-founder of Ripple, is a Bitcoin bull. Just like other prominent Bitcoin investors, the Ripple co-founder had also started investing in the crypto since its earliest stage. By virtue of this, the investment must have significantly contributed to the fortune of Larsen.

As of January 2023, Larsen holds 5.19 billion XRP as a personal stake. Therefore, he is an XRP whale. The term “whale” is used to describe someone or an institution that holds a larger percentage of a crypto asset. The value of his XRP holdings, as of June, 2023 is worth over $200 million. By implication, the current net worth of Chris Larsen has been impacted by the value of his XRP holdings.

There are no indications that the billionaire Ripple executive chairman holds NFTs. He is yet to confirm whether he holds it or not and information regarding it is not in the public domain as of the time of writing.

Crypto and NFT Projects Featuring Chris Larsen

Just like Brad Garlinghouse, Chris Larsen has been featured in an NFT collection. The collection was minted on Solsea, one of the biggest NFT marketplaces on Solana.

Later, the Ripple executive chairman might be featured in Wall Street Memes. In recent times, the project has been overwhelming the social media community with its fascinating memes. Some of its past memes featured important figures in the crypto and stock space, like Sam Bankman-Fried, Changpeng Zhao, Jim Cramer, Warren Buffett, and many more.

Today, Wall Street Memes is now getting the widespread attention it deserves. It boasts of not less than four hundred thousand supporters on Instagram and Twitter combined. Last May, it launched the presale of its token, $WSM. Within just a month, it has been able to raise over $6 million in investment from the presale.

Although the program is still ongoing, it has already been identified as one of the most successful crypto presales. Investors understand that $WSM has the potential to become one of the next cryptocurrency to fly high owing to the recent successes of its native protocol. There are also indications that tier 1 exchanges will soon begin to list the meme coin. You can also become one of the investors in the token by visiting

Chris Larsen’s Net Worth – Our Verdict

Chris Larsen is a pioneer in the crypto industry. His contributions to the success of his firm, Ripple as well as the crypto world at large are inestimable. At the time he handed over to his successor, Brad Garlinghouse, the crypto firm had already cemented its place as a leader in the industry, solving numerous payment problems with its solutions. One of these solutions is XCurrent, designed to ease cross-border payments. As of today, not less than 100 banking giants have adopted XCurrent. This feat may not have come to fruition if not for the expertise, proficiency, and doggedness of Larsen, sailing the ship of the firm till he stepped down from the active role in 2017.

Meanwhile, the net worth of Chris Larsen had fluctuated in recent years owing to the volatility of the crypto market. We have established earlier that his shares in Ripple and stakes in crypto assets like XRP and Bitcoin constitute a larger percentage of his wealth. This explains why a fluctuation in the market will always impact his net worth. However, as of 2023, the net worth of Chris Larsen is estimated to be around $2.6 billion. However, it is expected that the July 13 verdict on the status of XRP will help soar his net worth.

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What is the percentage of Chris Larsen’s stake in Ripple Inc??

According to Forbes, Chris Larsen owns 17% stake in Ripple Inc.

What is the current net worth of Chris Larsen?

The current net worth of Chris Larsen is estimated to be around $2.6 billion.

Is Chris Larsen still the CEO of Ripple?

No. Chris Larsen has stepped down as the CEO of the firm since 2016. He is succeeded by Brad Garlinghouse.