{"id":499904,"date":"2024-04-03T14:56:55","date_gmt":"2024-04-03T14:56:55","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=499904"},"modified":"2024-04-03T14:57:16","modified_gmt":"2024-04-03T14:57:16","slug":"forbes-list-shows-17-crypto-billionaires-led-by-binance-founder-changpeng-zhao-and-coinbase-ceo-brian-armstrong","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/forbes-list-shows-17-crypto-billionaires-led-by-binance-founder-changpeng-zhao-and-coinbase-ceo-brian-armstrong","title":{"rendered":"Forbes List Shows 17 Crypto Billionaires Led By Binance Founder Changpeng Zhao And Coinbase CEO Brian Armstrong"},"content":{"rendered":"<p>The founders of the world&rsquo;s two biggest crypto exchanges, Changpeng Zhao and Brian Armstrong, are the richest individuals in the crypto industry.<\/p>\n<p>That&rsquo;s according to Forbes, which unveiled on April 2 its annual <a href=\"https:\/\/t.co\/Cbx0JTN775\" target=\"_blank\" rel=\"noopener\">ranking<\/a> of the richest crypto billionaires.<\/p>\n<p>Changpeng Zhao, known as CZ, tops the list, even as he awaits sentencing in the US on money laundering charges after agreeing to pay $200 million in fines and to step down as the CEO of the world&rsquo;s largest crypto exchange for three years. Despite those setbacks and an exodus of executive staff from Binance last year, Forbes estimates his fortune at $33 billion.<\/p>\n<p>Brian Armstrong, the CEO of the largest US cryptocurrency exchange, <a href=\"https:\/\/insidebitcoins.com\/visit\/coinbase\" target=\"_blank\" rel=\"noopener nofollow\">Coinbase<\/a>, is in 2nd place with a net worth of $11.2 billion after the exchange&rsquo;s stock price soared 200% in the past year. Armstrong holds an 18% stake in Coinbase.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto&rsquo;s wealthiest person. <a href=\"https:\/\/t.co\/Cbx0JTN775\">https:\/\/t.co\/Cbx0JTN775<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ForbesBillionaires?src=hash&amp;ref_src=twsrc%5Etfw\">#ForbesBillionaires<\/a><\/p>\n<p>&mdash; Forbes (@Forbes) <a href=\"https:\/\/twitter.com\/Forbes\/status\/1775439113925103961?ref_src=twsrc%5Etfw\">April 3, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Tether Billionaires<\/h2>\n<p>Names associated with USDT stablecoin issuer Tether feature prominently on the Forbes list. CFO Giancarlo Devasini comes in third with a net worth of more than $9.2 billion built off his 47% stake in Tether, the largest stablecoin with a market cap of over $105 billion.<\/p>\n<p>Tether CEO Paolo Ardoino ranked 5th with a net worth of $3.9 billion. Tether CEO Jean-Louis van der Velde is ranked 6th with an identical net worth to Ardoino, while general counsel Stuart Hogner came in 14th with a net worth of $2.5 billion.<\/p>\n<p>Bitcoin bull Michael Saylor, ranked 4th, is estimated to have a net worth of $4.4 billion after his MicroStrategy accumulated more than 200,000 BTC.<\/p>\n<h2>More Crypto Names on the Forbes Billionaires List<\/h2>\n<p>Ripple&rsquo;s co-founder Chris Larsen is ranked 7th with a $3.2 billion net worth, while the Winklevoss twins, Cameron and Tyler, who founded crypto exchange Gemini, have a net worth of $2.7 billion each and are ranked joint 11th.<\/p>\n<p>The CEO of Galaxy Digital, Michael Novogratz, is worth $2.5 billion, which ranked him as the 13th richest person in crypto. Novogratz reportedly holds $500 million worth of Bitcoin and his crypto investment firm listed a spot Bitcoin exchange-traded fund in the US in January.<\/p>\n<p>Tim Draper, who purchased nearly all the Bitcoin seized by the US government from Silk Road and is ranked 15th, has a net worth of $2 billion. Draper bought nearly 30,000 BTC for $630 each in 2014.<\/p>\n<h3>Also Read:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/cathie-woods-ark21-shares-bitcoin-etf-surpasses-grayscales-gbtc-in-outflows-for-the-first-time\/\">Cathie Wood&rsquo;s ARK21 Shares Bitcoin ETF Surpasses Grayscale&rsquo;s GBTC In Outflows For The First Time<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/goldman-sachs-says-bitcoin-isnt-an-investment-asset-class-that-clients-arent-interested-in-crypto\">Goldman Sachs Says Bitcoin Isn&rsquo;t An Investment Asset Class, That Clients Aren&rsquo;t Interested In Crypto<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/5-dog-coins-to-watch-out-for-this-april-could-doge-day-and-bitcoin-halving-boost-their-prices\">5 Dog Coins to Watch Out for This April &ndash; Could Doge Day and Bitcoin Halving Boost Their Prices?<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - 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That&rsquo;s according to <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1911,"featured_media":499922,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[],"class_list":["post-499904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forbes List Shows 17 Crypto Billionaires Led By Binance Founder Changpeng Zhao And Coinbase CEO Brian Armstrong - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"The founders of the world&#039;s two biggest crypto exchanges, Changpeng Zhao and Brian Armstrong, are the richest individuals in the crypto industry. 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After graduating with an Honours in journalism, media and communications, he has been part of the crypto industry for more than a year now. Conducting on-chain analysis, breaking down market triggering events, and publishing Op-Ed pieces, he finds gratification diving deep into the crypto space, earning himself significant knowledge and experience. 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