A report has compiled a ranking of crypto billionaires and where they live, declaring that the United States is in the lead, followed by China and South Korea.
Crypto billionaires of the moment: United States in the lead, followed by China and South Korea
Wegamble‘s report ranked the current crypto billionaires, their net worth and where they live, based on other cryptocurrency news outlets, market analysis and Forbes.
Of course, this ranking is subject to change due precisely to the volatile nature of cryptocurrencies, which can cause the net worth of these individuals to fluctuate significantly and rapidly.
Regardless, the report identifies the United States as the place that welcomes the most crypto billionaires, followed by China and South Korea.
And indeed, the US is home to as many as 9 crypto-billionaires and a net worth of $28.6 billion.
Speaking of which, prominent crypto-billionaires such as Chris Larsen, Cameron and Tyler Winklevoss, Michael Novogratz, Brian Armstrong and Barry Silbert are based in the US itself.
Next is China, which instead is home to as many as 2 crypto-billionaires and a net worth of $12.3 billion.
Here, we find Jihan Wu, the co-founder of Bitmain, a leading manufacturer of Bitcoin mining hardware, who is one of China’s top crypto-billionaires.
Not only that, the well-known Changpeng Zhao (CZ), founder of the most popular crypto-exchange Binance, is also in the Chinese rankings with his $10.5 billion net worth.
And finally, on the podium, there is South Korea, Canada, and St. Kitts and Nevis, which are tied for hosting a crypto-billionaire, each in their own country.
Today’s crypto billionaires: how much is their net worth
Just like CZ in China, the report also ranks other crypto-billionaires by their net worth.
It turns out that Chris Larsen from the US has a $2.6 billion net worth, followed by the Winklevoss twins of the crypto-exchange Gemini who hold $3 billion.
Also in the US, there are investors Tim Draper with $1.2 billion in net worth and Michael Novogratz with $2.6 billion in net worth.
Changing countries, in Canada there is Anthony Di Iorio, known as the co-founder of Ethereum and as the first investor in Bitcoin, who has a net worth of $1 billion. In South Korea, Song Chi-Hyung, founder of Dunamu, which runs the crypto-exchange Upbit, stands out instead with his $950 million.
United States: Armstrong and Garlinghouse under indictment by the SEC
Also on this special list of crypto-billionaires are Coinbase CEO Brian Armstrong with $2.4 billion and Ripple CEO Brad Garlinghouse with an impressive $10 billion in net worth.
These gentlemen deserve a separate mention when considering the cathartic moment being experienced in their home country, the United States, with regard to the charges brought by the Securities and Exchange Commission (SEC) against the crypto industry.
And indeed, both Armstrong’s Coinbase and Garlinghouse’s Ripple are being sued for violating the Securities Act.
Ripple’s lawsuit involves “the definition of XRP.” As early as 2020, the company behind the crypto has been sued by the regulator, but still after 3 years, it remains awaiting final ruling, whether or not it states that XRP is a security.
As for Coinbase, the subpoena is recent and concerns its “staking-as-a-service” that involved some cryptocurrencies such as Solana, Cardano, and Polygon, which are currently considered securities by the SEC.