Ripple's Chris Larsen Makes Appearance on Forbes 400

News
Thu, 10/04/2018 - 21:04
Alex Dovbnya
Ripple’s cofounder Chris Larsen has made it to an annual Forbes 400 list, sitting in the 383rd place with a net worth of $2.1 bln. This is a historic achievement
Cover image via U.Today

Ripple’s cofounder Chris Larsen has made it to an annual Forbes 400 list, sitting in the 383rd place with a net worth of $2.1 bln. This is a historic achievement because no one before Larson would appear on the list with a fortune that solely consists of crypto. Larsen has about 5.19 bln XRP tokens, so his own wealth is inextricably connected to their value.

While it’s still a huge success, the fact that Larsen’s riches have shrunk by over $5 bln in merely ten months vividly declares the steep decline of the cryptocurrency market (he was worth $7.5 bln back in January). During the market peak in December, Larsen’s net worth reached a staggering $20 bln.

Notably, Ripple’s CEO Brad Garlinghouse didn’t make it to the list despite his net worth reaching $9.5 bln in January.
 

 




 

 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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