Renowned for its yearly billionaire-list, Forbes magazine has released the first-ever “Crypto Rich List,” a compilation of the 20 wealthiest people in the crypto world.
The list is topped by Ripple co-founder Chris Larsen, with an estimated crypto net worth of $7.5 to 8 billion — the values were estimated based on the price as of January 19.
Former Goldman Sachs executive Joseph Lubin, who funded blockchain platform Ethereum, is the second-richest, with an estimated net worth of $1 to $5 billion.
The compilation, however, could be as cryptic as the digital currencies themselves.
According to Forbes, the numbers are based on estimated holdings of cryptocurrencies (a few provided proof), post-tax profits from trading assets and stakes in crypto-related businesses.
“Identifying the biggest crypto winners and estimating the scale of their wealth is no simple task,” says Forbes staff writer Jeff Kauflin.
“The virtual currencies exist almost entirely outside the global financial system, and the newly minted crypto rich live in a strange milieu that blends paranoid secrecy with ostentatious display.”
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