scorecard
  1. Home
  2. tech
  3. Ripple's Chris Larsen makes Forbes 400 as the world's richest crypto tycoon

Ripple's Chris Larsen makes Forbes 400 as the world's richest crypto tycoon

Zoë Bernard   

Ripple's Chris Larsen makes Forbes 400 as the world's richest crypto tycoon
Tech1 min read

chris larsen

Ripple

Ripple's Chris Larsen

  • Ripple co-founder Chris Larsen made this year's Forbes 400 list as the world's richest cryptocurrency tycoon.
  • Forbes estimates that Larsen's total net worth is $2.1 billion.

On Thursday, Ripple co-founder Chris Larsen graced the Forbes 400 as the 383rd richest person on Earth.

Larsen's addition to the list is noteworthy: He's the first person to ever make the list with a fortune amassed almost exclusively from cryptocurrencies.

Forbes estimates Larsen's current net worth to be $2.1 billion. While that may seem like a lot, it's a steep decline from what Forbes' estimated to be Larsen's total $37.3 billion net worth in January of this year.

As the co-founder of the payment network Ripple, Larsen has accumulated a reported 5.19 billion XRP tokens - the digital token issued by Ripple - since it was founded in 2012. In January, XRP tokens were trading at around $2.39, nearly four times as high as Thursday's value of 53 cents.

Today, Larsen's $2.1 billion is an impressive, but volatile fortune. And Larsen isn't the only one to make it big in Ripple's earnings. Ripple's current CEO Brad Garlinghouse was estimated to have a net worth of $9.5 billion in January as well. But today, Garlinghouse's accumulated fortune wasn't enough to make the cut for Forbes' 400 list, for which the minimum bar is $2.1 billion.

Get the latest Bitcoin price here.>>

READ MORE ARTICLES ON


Advertisement

Advertisement