The cryptocurrency industry, with over $100 million in daily trading volume, brings more billionaires to the world’s economy each year.
The Business and Finance magazine Forbes, famous for publishing “The World’s Richest,” released “The Richest Crypto And Blockchain Billionaires in the World 2022.” The list includes 19 individuals who earned the most money from crypto in 2022.
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On the top of the list stands the founder and CEO of Binance, Changpeng Zhao (CZ) with a $65 billion net worth. He made his entire fortune in crypto in less than five years. The 44-year-old businessman is also the 19th wealthiest person in the world.
Second and third are two founders of global cryptocurrency exchanges: The CEO of FTX, Sam Bankman-Fried, with $24 billion, and the CEO of Coinbase, Brian Armstrong, with a $6.6 billion net worth.
The new billionaires on the list include FTX co-founder and CTO, Gary Wang ($5.6B), and the co-founders of blockchain company Alchemy, Nikil Viswanathan and Joseph Lau ($2.4B each). The list also includes the co-founders of the most popular NFT marketplace, OpenSea, Devin Finzer and Alex Atallah ($2.2B each).
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Most of the billionaires are from the U.S., except for CZ, who is Canadian; Song Chi-Hyung (the founder of Upbit crypto exchange) and Kim Hyoung-Nyon (co-founder of Dunamu, which operates Upbit); both are from South Korea.
The first time that Forbes released the wealthiest in crypto was back in 2018. CZ had an estimated worth of “merely” $1.1-$2 billion, and the richest was the co-founder of Ripple, Chris Larsen, with an estimated $7.5-$8 billion. Larsen is fifth on this year’s list at $4.3 billion.
To view the article and the full list, visit Forbes.
