While the cryptocurrency market remains on the rise, nine new industry representatives have joined Forbes' 35th Annual List of World Billionaires.
Sam Bankman-Fried and Michael Saylor are among the newcomers to the billionaire list, while Binance CEO Changpeng “CZ” Zhao returns to the list after leaving during the Bitcoin bear market.
According to the list, Bankman-Fried, CEO of FTX, is the richest of crypto-librarians, with a fortune of $ 8.7 billion. Coinbase CEO Brian Armstrong, who saw his fortune rise from $ 1 billion last year to $ 6.5 billion, ranks second.
However, other vehicles dispute the Forbes classification. In March, China's Hurun Research Institute similarly ranked Armstrong and Fried as the first and second richest in the crypto industry, respectively, but valued Armstrong's net worth at $ 11.5 billion and Fried at $ 10 billion.
Ripple co-founder Chris Larsen, who is currently involved in a $ 1.3 billion legal battle with the United States Securities and Exchange Commission alongside the company's CEO, Brad Garlinghouse, is third on the Forbes list , with a net worth of US $ 3.4 billion. Jed McCaleb, also a co-founder of Ripple, entered the list for the first time this year with a fortune of $ 2 billion.
Other newcomers include the famous twin investors Cameron and Tyler Winklevoss. After investing the money they received from the Facebook process in Bitcoin in 2021, their net worth soared to $ 3 billion each year, placing them in sixth place among crypto billionaires.
The list of crypto billionaires is completed by MicroStrategy CEO Michael Saylor ($ 2.3 billion), investor Matthew Roszak ($ 1.5 billion), Tim Draper ($ 1.5 billion), the Coinbase co-founder Fred Ehrsam ($ 1.9 billion), Binance Changpeng Zhao's CEO ($ 1.9 billion) and Digital Currency Group CEO Barry Silbert ($ 1.6 billion).
* Translated and edited with authorization from Decrypt.co