Who Are the Crypto Billionaires of 2022?
If we look at the top 100 bitcoin traders in the world, we’d find Sam Bankman-Fried and Changpeng Zhao, who each have estimated net worths of at least $20 billion. FTX is valued at about $32 billion at the beginning of 2022. The lack of federal regulation has prevented banks from offering crypto companies bailouts. So who are the crypto billionaires of 2022?
As cryptocurrency continues to grow, it is only natural for crypto donors to start spending big in politics. However, as the industry has come under federal scrutiny, this bubble will already be long gone. Who will survive? Those who made the most money will get to remake it. One crypto billionaire that has started spending big in politics is Sam Bankman-Fried. The founder of Coinbase and a super PAC are making his fortune look small, but he’s doing more than most other crypto donors.
A cryptocurrency billionaire is a successful investor who has built a business empire on a shaky start. He owns the FTX exchange and the trading firm Alameda Research, and has a net worth of $24 billion. Bankman-Fried is also an advocate for effective altruism and has donated $12 million to the Carrick Flynn campaign.
According to Forbes, Binance founder Changpeng Zhao is one of the biggest crypto entrepreneurs, with a net worth of $96 billion (excluding his personal crypto holdings). Although his company is privately held, his net worth is estimated to be much higher, and he is likely a very wealthy man. Zhao’s company has been around for five years, and its investments are mostly in non-fungible tokens and content generation.
Forbes released its annual list of crypto billionaires and included 19 individuals who have built massive fortunes through the cryptocurrency market. This year’s list features seven more crypto billionaires, up 60% from last year. This year’s list features seven new crypto billionaires, including Tim Draper, a venture capitalist who started investing in cryptocurrencies in 2012.
The name of Jed McCaleb may sound familiar to you if you’ve heard about Ripple Labs. The founder of the XRP cryptocurrency project co-founded the company in 2012, but left after a falling out with his team. His current position at Stellar is Chief Technology Officer. His wealth is estimated to be $2.5 billion. Jed McCaleb is one of the earliest and most well-known crypto billionaires.
Another notable crypto billionaire is Sam Bankman-Fried, the founder of FTX, the world’s largest cryptocurrency exchange, worth $5.6 billion. He is also the richest crypto billionaire in the world after Binance CEO Changpeng Zhao. He recently pledged to give away most of his fortune, according to Forbes. Another crypto billionaire is Brian Armstrong, the CEO of publicly traded exchange Coinbase. His wealth is estimated to be $6.6 billion.
Draper is the founder of DFJ, the investment firm, and a major investor in various technology companies. He has invested in Skype and China’s search giant Baidu. In 2014, Draper received widespread coverage for his purchase of 30,000 bitcoins at an auction held by the US Marshals Service. The bitcoins were purchased from the Silk Road marketplace website. Draper is also a proponent of cryptocurrency and has invested heavily in the Tezos project.
Draper bases his prediction on three key facts. First, more merchants will begin accepting Bitcoin payments via Opennode. Second, the limited number of BTCs in circulation will encourage more companies to accept these payments. And third, the limited supply of the cryptocurrency will serve as a boon for the ecosystem, since engineers are constantly working to improve its platform. However, Draper doesn’t believe that the cryptocurrency will become a billionaire overnight.
Coinbase founder Brian Armstrong has become one of the world’s wealthiest people in the crypto space. The company was valued at $100 billion when it took a direct listing on a public crypto exchange. Today, the company is worth a little more than that, but that still makes Armstrong the third-richest crypto billionaire. Armstrong owns 19% of the company and bought a $133 million mansion in Bel Air, California, in January 2022. This is one of the priciest home transactions ever made in that city.
Brian Armstrong is a self-described crypto millionaire, but he doesn’t hide his wealth. For example, he bought a $133 million Bel Air home when the Coinbase crypto exchange was booming. He is currently losing money with Coinbase, as the market has crashed since the company was founded. As the crypto market has crashed, Armstrong’s company is now suffering as a result.
Cameron and Tyler Winklevoss have earned themselves the title of Bitcoin billionaires. The Winklevoss twins have proven their skills in mastering complex concepts and presenting them in a global marketplace. They are the creators of the Gemini cryptocurrency exchange and are each estimated to be worth over $4 billion by 2022. This makes them the next logical step in the cryptocurrency industry’s development.
The Winklevoss twins are now on a coast-to-coast tour of the United States, performing with their cover band Mars Junction. The band performs popular songs from the Killers, Journey, and many other artists. The show sold out – more than 30,000 people bought tickets for the night. As the billionaires of 2022, they’ve been making headlines all over the world.