Seven crypto billionaires in Forbes’ rich list

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Sam Bankman-Fried became the 32nd richest American at the age of 29 and only Facebook’s Mark Zuckerberg became a self-made billionaire at a younger age.

Seven crypto billionaires made this year’s Forbes Cup 400 Richest Americans.

While Jeff Bezos and Elon Musk topped the list with net worth of $ 201 billion and $ 190.5 billion, respectively, it was bad news for Donald Trump, whose projected value of $ 2.5 billion, respectively. dollars knocked him off the rankings for the first time in 25 years.

The richest crypto billionaire in the Forbes 400 is Sam Bankman-Fried, ranked No.32. With a net worth of $ 22.5 billion, he is only $ 500 million past Rupert Murdoch and his family. . Even more astounding is the fact that this is a brand new entry.

Bankman-Fried, the founder and CEO of the FTX crypto exchange, has now become one of the youngest self-made billionaires in history. Only the Facebook Mark Zuckerberg managed to accumulate more wealth than him at such a young age.

Although he has vowed to give as much of his wealth as possible, Forbes pointed out that his $ 25 million lifetime donation currently stands at 0.1% of his fortune or as the magazine describes, mathematically equivalent to a typical 29 year old man. American stuffing $ 15 in Salvation Army bucket.

But it appears Bankman-Fried is determined to ride the crypto wave and increase his wealth before fully focusing on philanthropy, saying there is a lot of work to be done and his goals are long term.

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You have to go a little lower in the ranking to discover the other crypto billionaires of the Forbes 400.

Brian Armstrong, CEO of Coinbase, is also new to the list at No.60, with a net worth of $ 11.5 billion, which puts him on a par with financial services mogul Charles Schwab. He was helped by the trading blockbuster’s IPO in April, not least because reports suggest he owns 19% of the company.

Chris Larsen is the only crypto billionaire to make the list before, and he is ranked No. 172 with a net worth of $ 6 billion. The Ripples co-founder and chairman has seen his wealth double in the past 12 months as XRP skyrocketed, despite the ongoing lawsuit filed by the United States Securities and Exchange Commission.

Then at No.261 are Cameron and Tyler Winklevoss both sitting on a net worth of $ 4.3 billion at age 40. The twins, who lost ownership of Facebook in a bitter dispute with Mark Zuckerberg, opted instead to earn their billions in Bitcoin.

The latest two newcomers to the list are Coinbase co-founder Fred Ehrsam with a net worth of $ 3.5 billion and Ripple co-founder Jed McCaleb with $ 3 billion.

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