NEWS
Ripple Founder Richer than Zuckerberg?

2018-01-08 18:47:53
by Sam Enrico Williams
img
Chris Larsen, Chairman and Co-Founder of Ripple, has done so well out of XRP\'s acclaimed bull run that he might (on January 4th at least) be termed the richest person in the world.

  Chris Larsen, Chairman and Co-Founder of Ripple, has done so well out of XRP\'s acclaimed bull run that he might (on January 4th at least) be termed the richest person in the world. This was according to a tweet from George Kikvadze, CEO of American IT service management company, BitFury, who said that with his 37% stake in Ripple, Larsen would have overtaken even Bill Gates in asset rankings, when Ripple\'s Implied Market Value reached $320bn. 

\r\n

Investors in Ripple\'s cryptocurrency XRP token have been delighted by its 2017 performance, with end of year gains of more than 35,000%, taking it to an all-time high of over $3.60 per token. The astronomic rise was only set back somewhat when Coinbase announced that there were \"no plans\" to add more altcoins to its portfolio, including XRP. 

\r\n

Forbes also put Larsen up into the top rankings of wealthy individuals, estimating him at a more conservative value of around $59bn. A comment in the New York Times suggested that this would have pitched the Ripple CEO over the head of even Mark Zuckerberg, who stood in 5th place in the world\'s richest rankings, even while Zuckerberg himself was hinting at plans to explore new technologies like cryptocurrencies in connection with Facebook.

Similar News
img
BITCOIN
Owning 0.01 BTC : A Small Step Into the Bitcoin Universe
2024-03-21 19:45:38 | by Sam Enrico Williams

Embarking on the journey of cryptocurrency investment can seem daunting, but starting small with something like 0.01 BTC is a manageable and insightful first step into the expansive Bitcoin universe.

More
img
BITCOIN
Honda Accepts Bitcoin for Vehicle Purchases
2024-03-21 19:21:52 | by Sam Enrico Williams

In an unprecedented move that marries the automotive industry with the burgeoning world of cryptocurrency, Honda has announced that it now accepts Bitcoin for vehicle purchases.

More
img
BITCOIN
Bitcoin Halving: What It Means for ETFs and All You Need to Know
2024-03-20 21:21:46 | by Sam Enrico Williams

The anticipation surrounding the Bitcoin halving event extends far beyond the mining community and individual holders.

More
img
BITCOIN
Bitcoin Laundering Scheme: Woman Found with Over £2bn in Cryptocurrency Convicted
2024-03-20 19:31:31 | by Kevin Lewis

Jian Wen, a 42-year-old former takeaway employee, has been found guilty at Southwark Crown Court for her involvement in a sophisticated money laundering operation using Bitcoin to acquire luxury properties and high-value items.

More