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August 15, 2022
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List of Forbes billionaires from 2020 brings 4 entrepreneurs from the crypto world

Forbes list brings 4 new billionaires from the crypto world with a combined net worth of $ 8.7 billion.

There are 4 new cryptocurrency entrepreneurs in the list of Forbes World billionaires in 2020, with a combined net worth of $ 8.7 billion.

Over the past decade, Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies have drawn a lot of attention and, while some people are afraid of them, others have invested not only their knowledge, but a large part of their lives to improve technology and create a entire ecosystem around blockchain and cryptocurrencies.

Electronic sales tycoon Jeff Bezos, founder, CEO and president of online retail company Amazon, once again tops the top of this year’s Forbes list. So far, he has been incredulous at the idea of ​​investing in bitcoin or allowing cryptocurrency payments on his platform.

Billionaires who made the Forbes list

The founders of Bitmain, the world’s largest ASIC chip designer for the Bitcoin mining industry, Micree Zhang and Jihan Wu, entered the billionaire crypto charts, occupying positions 616 and 1196 respectively, with an estimated fortune of $ 3, 3 billion and $ 1.8 billion, according to Forbes.

As a curious fact, before turning into billionaires in the crypto world, Wu was a financial analyst and private equity fund manager, while Zhan ran a startup that allowed users to broadcast TV signals to a computer screen using a decoder.

Next on the list is Chris Larsen, CEO of Ripple, co-founder of several Silicon Valley technology startups, of which Ripple Labs, Inc. is the most successful of all. His current fortune is $ 2.6 billion, ranking him at position 804.

Brian Armstrong co-founded Coinbase – the largest cryptocurrency exchange in the USA – and, thanks to this investment, he now ranked # 1990 on the list of newest billionaires, thanks to cryptocurrencies and their technologies.

In 2018, Forbes published the list “The richest people in cryptocurrencies”, showing the so-called “Growth Prophets”, presenting several names similar to those of the 2020 list. The channel pointed out that this recent crisis has affected many startups and large companies in Worldwide.

“Global stock markets have imploded, sinking many fortunes… Of the remaining billionaires, 51% are poorer than last year”

This was a year when the world economy was hit by a pandemic that no one could have predicted, unleashing an unprecedented economic crisis along the way. But even with a possible recession at the gates, the crypto universe is proving that it is still a profitable industry, and Forbes sees it.

Source: zycrypto

Bruno Lugarini photo

The author: Bruno Lugarini

Student of Information System, computer technician, passionate about technology, enthusiast of cryptocurrencies and Nerd.

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