Coinbase CEO Brian Armstrong’s estimated net worth increased 10-fold last year to $11.5 billion, according to China’s Hurun Research Institute. CEO of the largest cryptocurrency exchange in the United States, Coinbase, topped the list of global industry billionaires by China’s Hurun Research Institute.


Published on March 2, the latest Hurun report provides a brief overview of the world’s richest, stating that the number of global billionaires has increased by nearly 50% to reach over 3,000 people over the past five years. The report includes 17 “blockchain billionaires” or industry entrepreneurs who made their fortune “mainly from cryptocurrencies” in January 2021.


According to the report, Coinbase CEO Brian Armstrong tops the list of the world’s crypto billionaires, with his net worth growing tenfold from $1 billion last year. According to Hurun’s data, Armstrong now has an estimated fortune of $11.5 billion ahead of Coinbase ‘s imminent initial public offering . The company officially announced its IPO plans in December 2020 in a draft filed with the United States Securities and Exchange Commission.



Sam Bankman-Fried, founder and CEO of Alameda Research and the FTX Exchange, is ranked second richest, with a net worth valued at $10 billion. The executive is a new entrant to Hurun’s roster following FTX’s massive growth in 2020 .


Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, is in third place with an estimated total wealth of $8 billion, 200% more than last year. In 2020, Zhao was featured at the top of the Hurun list of crypto billionaires, surpassing Bitmain co-founder Micree Zhan Ketuan.


Hurun’s new list of crypto billionaires includes a number of major industry players such as Ripple co-founders Chris Larsen, Stellar co-founder Jed McCaleb, Digital Currency Group CEO Barry Silbert, the Winklevoss brothers, MicroStrategy CEO Michael Saylor and others. The list features a total of 11 new entrants to the roster, including industry major investor Tim Draper and Galaxy Digital founder and CEO Michael Novogratz.



Leave a Reply

Your email address will not be published. Required fields are marked *


All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured primarily from third party sources. We make no warranties of any kind in relation to our content and services (such as token swap functionalities), including but not limited to accuracy, security and updatedness. No part of the content and services we provide constitute financial advice, legal advice or any other form of advice intended to be relied upon specifically for any purpose, nor any dealing in (or promotion of) securities. Any use or reliance on our content and services is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content and services before relying on or using them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.