Like other sectors, cryptocurrency has created some of the wealthiest individuals in the world. Most of the Bitcoin billionaires began investing in cryptos at an early age. Others were the primary engines behind the largest crypto exchanges like Coinbase and Binance. Additionally, Coinbase has a user-friendly interface, making it simple for people to trade or conduct transactions, like bitcoin-profitapp.com.
One of the critical factors that accelerated rapid wealth creation among cryptocurrency investors was price volatility. However, this should not make us forget the wrong side of Bitcoin price fluctuations. Winning resulted from hard work and persistence. Below are the five wealthiest Bitcoin billionaires, according to the most recent financial reports.
- Changpeng Zhao
First on our list of the five richest Bitcoin billionaires is Changpeng Zhao. According to recent wealth reports, this renowned entrepreneur is worth about 96 billion USD. Zhao is a Chinese Canadian who entered the cryptocurrency sector through some of his friends. In 2017, Zhao founded Binance, the world’s largest crypto trading platform in total trade volume. He only owned Bitcoins once he sold his apartment, whose payment was in Bitcoin.
Changpeng is a remarkably humble person despite his overwhelming wealth. He once told news reporters that he doesn’t care about money or anything wealth-related. The Canada-based billionaire further disclosed he was planning to use some of his wealth to help the needy before he died. Notably, Zhao is an excellent champion of cryptocurrency regulation and hopes for much better engagements in the sector.
- Brian Armstrong
Nobody else than Brian Armstrong is coming in at number two on our list. Brian is a prominent American digital entrepreneur who formerly worked as a software developer at Airbnb. He founded Coinbase through a partnership in 2012. This cryptocurrency exchange has grown to become the largest in North America. Armstrong’s wealth stands at just above 10 billion US dollars as per 2022 financial reports. The need for a decentralized financial system and innovation inspired Brian to invest in cryptocurrency.
- Tyler & Cameron Winklevoss
It’d be a grave mistake to list the top Bitcoin billionaires without mentioning Tyler and Cameron Winklevoss. Each of them is worth approximately 5 billion US dollars, per 2022 wealth reports. They established a foothold in the crypto industry using the money they earned from a legal case against Facebook, now Meta. These two partners were the first-ever BTC billionaires, following a 2017 historic increase in Bitcoin prices. Not to mention, Tyler and Cameron founded a popular cryptocurrency trading platform called Gemini. Importantly, they also own a renowned NFTs trading platform called Nifty Gateway.
- Michael Saylor
Michael’s enthusiasm for Bitcoin and cryptos, in general, is awe-inspiring. He’s serving as the CEO of a tech giant called MicroStrategy. This software development firm has gained several milestones and serves thousands of clients in the digital ecosystem. According to 2022 Forbes reports, Saylor is worth about 2.6 billion US dollars. He has supported Bitcoin through a series of well-organized conferences and interview sessions.
- Fred Ehrsan
With a net worth of approximately 2.2 billion US dollars, Fred Ehrsan is the fifth most affluent Bitcoin investor on our list. This American entrepreneur co-founded Coinbase with Brian Armstrong. However, Fred later left Coinbase to pursue further ventures. He currently owns a 6% share in the crypto exchange company and still serves as a Board Member. Ehrsan attributes his prosperity in the cryptocurrency sector to his solid gaming prowess in high school. Additionally, he worked as a foreign exchange investor before starting Coinbase.
Key Takeaways!
Most Bitcoin billionaires you see today are either exchange founders or initial cryptocurrency owners. They’ve built massive wealth over the years and are determined to pursue additional investment avenues. Our five richest Bitcoin billionaires include; Changpeng Zhao, Brian Armstrong, Tyler & Cameron Winklevoss, Michael Saylor, and Fred Ehrsan.
