Did you know that a lot of people are now earning a lot of money thanks to cryptocurrencies? Cryptocurrency is the latest craze because people think this is the money of the future. For those who have no idea what it is, welcome to the digital world of currency! According to the definition, cryptocurrency is a form of digital money that uses cryptography – a digital process of converting legible information into a code – for securing different transactions. In short, it is a medium of exchange.
Maybe you have already heard of Bitcoin as a lot of people are investing in it. Bitcoin is a cryptocurrency – the first decentralized cryptocurrency ever created by an anonymous founder in 2009. Since then, a lot of cryptocurrencies are continuously being created, including the fast-growing Ripples XRP.
Do you remember the Winklevoss twins? Cameron and Tyler Winklevoss are the controversial twins who sued Facebook founder Mark Zuckerberg, claiming that Zuckerberg stole their idea back in 2008. After being rewarded $65 million as a settlement, they invested in Bitcoin. Reports claim that the Winklevoss twins will become the first ever Bitcoin billionaires after investing more than $11 million back in 2013 with cryptocurrency trading at $120 per coin. Now that cryptocurrency trading has reached more than $11,000, the Winklevoss twins own billions in Bitcoin.
The Winklevoss twins are not alone in the world of fortune in cryptocurrencies. In fact, there are a lot of people who invested in cryptocurrencies and now own millions of dollars in the virtual world. According to some sources, the Winklevoss twins may not be the only Bitcoin billionaires because there are anonymous people who also invested tons of money in it. Here are other people who own most of their wealth in cryptocurrency in no particular order.
15 Chris Larsen - Executive Chairman Of Ripple
Let us start with a prominent name in the cryptocurrency world. As mentioned above, Ripple XRP had booming success in 2017 and still continues being successful in the world of the digital money market. Larsen is one of the founders of this cryptocurrency. He also became the CEO of the crypto, but then stepped down in November 2016.
Larsen is now serving as an executive chairman of Ripple.
If he is the founder and once a CEO, Larsen has a shocking amount of wealth in crypto. According to Forbes, Larsen has 5.19 billion XRP under his personal account at Ripple XRP. Aside from his personal holdings, he also owns a 17 percent stake in the company. If the estimates were correct, Larsen potentially has $37.3 billion or more when exchanged.
14 Brad Garlinghouse - CEO of Ripple XRP
After Chris Larsen stepped down as the CEO of Ripple XRP, he was replaced by Brad Garlinghouse. Garlinghouse has a good portfolio and resume because he was the former CEO and Chairman of the file-sharing site Hightail, which was formerly known as YouSendIt, and he was also the President of Consumer Applications at AOL. Let us not forget that he was also the Senior Vice President of Yahoo! He definitely has a tight grip on the digital era.
Because he is the CEO of Ripple XRP, he owns a 6.3 percent stake in Ripple according to Forbes.
Again, if estimates are correct, Garlinghouse would have a net worth of $7.9 billion. According to Forbes, this will definitely add Garlinghouse on the list of the richest men in the world.
13 Gavin Andresen - Successor To Bitcoin's Founder
Do you know Gavin Andresen? If you are thinking that he is the founder of Bitcoin, you are probably wrong. A lot of people speculate that Andresen might be the person behind Bitcoin, but he denied the rumor a couple of times. However, he is known as the successor to Bitcoin's founder. Let us take a look back at his life before he entered Bitcoin. Andresen was a developer of 3D graphics.
In 2012, he founded the Bitcoin Foundation to support the fast-growing world of Bitcoin.
By the year 2014, he fully dedicated his time to nurturing, supporting, and investing in Bitcoin. There was also a time that he was rewarded over $200,000 by the Bitcoin Foundation because of his work and contributions that greatly impacted the world of today's Bitcoin market.
12 Yifu Guo - Geek Turned Bitcoin Millionaire
Do you know Yifu Guo? The Internet has called him a geek turned Bitcoin millionaire. He was just a student at New York University when he started investing in Bitcoin in the year 2011. He used to mine Bitcoin, but he then realized that it would be faster and easier if there were a new platform for mining. As a business-minded student, he started to build a faster platform that would be profitable.
In 2012, he founded Avalon, a company that produced an ASIC-based Bitcoin miner that was indeed a faster platform.
He left Avalon, but he is a successful person in the world of crypto. In fact, his estimated worth in Bitcoin is millions of dollars when converted.
11 Jered Kenna - One Of The Earliest Investors In Bitcoin
Another man who used cryptocurrency is Jered Kenna. For those who do not know how popular he is in the digital money market, Kenna is one of the earliest investors in Bitcoin.
According to some reports, Kenna invested in Bitcoin when the price was just 20 cents per coin.
He then earned money out of those investments. Inspired by the process of cryptocurrency, Kenna decided to launch his own business ventures – some are successful and some were not. One of the devastating experiences that taught him how to be the businessman he is today was the time he was hacked. According to Forbes, Kenna was in night owl mode when he was notified that passwords were reset on his email. He then tried to reset his passwords, but to no avail. That was when he lost millions in Bitcoin.
10 Uncle Sam
Who is Uncle Sam? The world only knows that Uncle Sam is coming for his share of everyone else's Bitcoin. In laymen's terms, Uncle Sam is the US Federal Government.
Rumors suggest that Uncle Sam is one of the greatest holders of a large Bitcoin account,
but no one knows how much, of course. Yes, Uncle Sam is busy warning about cryptocurrencies, criticizing crypto, and even raiding some Bitcoin account holders. This rumor all started when the FBI shut down the Silk Road marketplace in 2013 because of the alleged illegal activities going on, including drugs. The government then auctioned the confiscated Bitcoin, acquiring an estimated $48 million from the sales of Bitcoin.
9 Tony Gallippi - Co-Founded BitPay
If you have a Bitcoin account and you want to use it to purchase some products and goods, how can you use your Bitcoin account for practical uses? You can now thank Tony Gallippi because he co-founded BitPay. It is a strong provider of Bitcoin payment processing for merchants who wish to include Bitcoin in their payment options.
They started with only 100 merchants, but later expanded to thousands of merchants including partnerships with Wordpress, Microsoft, and PayPal.
Aside from being a mastermind behind BitPay, Gallippi is also rumored to be one of the greatest and largest holders and investors of Bitcoin. The exact value of his Bitcoin investment remains confidential, but there are reports stating that Gallippi owns around $20 million.
8 Dave Carlson - CEO Of Giga Watt
Does the name Dave Carlson ring a bell? For the people who do not know who this great name in crypto is, Dave Carlson is the CEO of Giga Watt, which is a blockchain hosting and servicing center for mining hardware. Also, you might want to know his previous job. Carlson was a software engineer at Microsoft. Carlson discovered Bitcoin and he was piqued in the year 2010. He started investing in Bitcoin
and he is one of the earliest Bitcoin millionaires of the digital money market.
Before Giga Watt, he started his own company named MegaBigPower, a Bitcoin mining company, in his very own basement. This company was later acquired by Giga Watt.
7 Barry Silbert - Founder Of Digital Currency Group
For the people who do not know Barry Silbert, he is the founder of Digital Currency Group. It is a venture capital company that has a focus on the digital currency market. The company also builds and supports Bitcoin and other blockchain companies. Of course, as a founder, Silbert is a proud supporter and investor in cryptocurrencies.
Reports said that Mr. Barry Silbert purchased 48,000 Bitcoins at the US Marshals Service's auction in the year 2014.
Although there are no confirmations about the exact price of the Bitcoin purchase, reports claimed that the amount of bitcoins that Silbert purchased is approximately $16.8 million and now climbed up to $268.8 million.
6 Charlie Shrem - Member Of The Bitcoin Foundation
The digital world of currency will not forget who Charlie Shrem is – a member of the Bitcoin Foundation. Because of the proud supporters of Bitcoin, the Bitcoin Foundation was founded in 2012 to "standardize, protect and promote the use of Bitcoin cryptographic money for the benefit of users worldwide". However, several leaders of the foundation were under criminal investigation, including Shrem because of charges that were connected to money laundering.
After his prison sentence, Shrem got back into the cryptocurrency game. A few years back when Bitcoin investments were very cheap, Shrem reportedly purchased hundreds of thousands worth in Bitcoin. If we estimate the time frame and the amount he purchased, his investments are now worth millions of dollars.
5 Chamath Palihapitiya - Owner/Member Of The Board Of The Golden State Warriors
We have another venture capitalist on the list – Chamath Palihapitiya. Before looking into his wealth in Bitcoin, let us take a look at who he is. The first thing that you need to know is that he was a former Facebook executive. The other thing that you need to know is that he is an owner and a member of the board of the Golden State Warriors. (Shocker, right?) Now, let us talk about his crypto wealth. Although the exact amount of his Bitcoin wealth has not been divulged,
many reports claimed that he purchased roughly 25,000 bitcoins for $5 million. As time went by, his investments increased.
Today, rumors suggest that Palihapitiya owns about $290 million in crypto!
4 Roger Ver - "Bitcoin Angel Investor"
Roger Ver, formerly an American citizen that is now residing in Japan, definitely made a great name in the Bitcoin market as he was referred to as the "Bitcoin Jesus" or the "Bitcoin Angel Investor".
He believes that "Bitcoin is the most important invention in the history of the world since the Internet."
With that said, he has been one of the most prominent supporters of Bitcoin. Also, Ver is one of the largest investors in Bitcoin. Rumors suggest that Ver owns about 300,000 bitcoins and that comes out to millions in US dollars. However, Ver did say that he owns more than that, making him even wealthier than previously thought.
3 Jeremy Gardner - Founded A Network Of Crypto Clubs
Let's talk about the famous Jeremy Gardner. He is just in his early 20s, but he is a self-made millionaire. He is a Bitcoin investor inspired by the FBI raid on the Silk Road. After investing, he realized that he could do almost anything on the Internet and continued investing in cryptocurrencies. In 2014,
he founded a network of crypto clubs at universities around the globe and named the network the Blockchain Education Network.
Gardner also launched a market-forecasting tool named Augur, and now he is working full-time with the Blockchain Capital. Gardner is currently living in a castle - the Crypto Castle. This is the safe haven of people who happened to be tech entrepreneurs working in cryptocurrency-related technologies.
2 Tim Draper - Skype
Tim Draper is known to be an American venture capitalist and founder of several firms and establishments. Perhaps the world already knows how rich and wealthy he is. First, Draper is known because of Skype and how he invested in it in 2014.
Draper later sold his 10 percent share in Skype to eBay for $4.1 billion.
Of course, that is not all of his investments in the digital world. At the same government auction when Draper invested in Skype, he also invested in Bitcoin. He made headlines in 2014 when he purchased 30,000 with no exact price divulged, but estimated to be $19 million. It is now worth $171 million. Draper is a huge supporter of the digital currency market and he is now backing up Tezos, a new cryptocurrency.
1 Satoshi Nakamoto - Anonymous Founder
Do you remember the anonymous founder of Bitcoin? Meet Satoshi Nakamoto. We are not really sure if this is the real name of the mastermind behind Bitcoin and the dawn of cryptocurrencies. Why did he choose to remain anonymous? He just wanted to be out of the public eye. There was even a man who claimed that he was Satoshi Nakamoto, but this was not proven because he turned out to be fake.
Since Nakamoto is the founder of Bitcoin, it is a no-brainer that he is wealthy in cryptocurrency.
Rumors said that Nakamoto has 1 million bitcoins or even more. While this hasn't been confirmed, there are reports that he could own almost $7 billion. Are you willing to invest in cryptocurrencies?