As a preamble, I would like to point out that the data quoted below come from the Bloomberg Billionaires Index.
“The Bloomberg Billionaires Index is a daily ranking of the richest people in the world. Details on the calculations are provided in the net worth analysis on each billionaire’s profile page. The numbers are updated at the end of each New York trading day.”
Coinbase founder Brian Armstrong
At the previous bitcoin price peak in November 2021, Brian Armstrong had an estimated personal fortune of $13.7 billion and around $8 billion at the end of March (-42%). At present, the American boss would hold more than 2.2 billion dollars, that is to say a drop of 84% of his fortune in 6 months. Clearly, Brian Armstrong’s fortune is in full swing. bear market (bear market), but who knows, the low point of its numerical windfall may not yet be found. This figure of 84% is also found in the performance of the Coinbase company. Shares of the American company have fallen 84% since their first day of trading on Nasdaq in April 2021 and the American boss owns 16% of Coinbase, which has contributed to the slide in his fortunes.
It must be said that transaction volumes are plummeting on Coinbase’s exchange platforms, which obviously does not suit Brian Armstrong.
Dollar trading volume on Coinbase
Figures are average of daily cash and derivatives trading volumes
Source: Nomics
Binance CEO Changpeng Zhao
The boss of the main cryptocurrency platform, in terms of trading volume, finds himself in an even more catastrophic position. In January, CZ, as he is nicknamed in the cryptosphere, had a fortune of around 96 billion dollars which placed him in the top 30 of the richest people in the world. In the wake of the crypto crash, CZ’s fortune is now hovering around $11.6 billion, down 88% in less than 6 months. He obviously leaves the top 30 by being relegated to 155th place in the ranking of the richest on this planet.
Dollar trading volume on Binance
Figures are average of daily cash and derivatives trading volumes
Source: Nomics
FTX CEO Sam Bankman-Fried
The 30-year-old American, and CEO of the young and imposing FTX cryptocurrency platform, has also seen his fortune melt away like snow in the sun. In the space of just one month, his personal windfall has halved from $20 billion to around $11 billion.
Dollar trading volume on FTX
Figures are average of daily cash and derivatives trading volumes
Source: Nomics
Galaxy Digital crypto bank CEO Michael Novogratz
The American boss (again), a fervent supporter of the Terra USD stablecoin and Luna cryptocurrency, saw his fortune grow from $8.5 billion to $2.5 billion in six months. “I’m probably the only guy in the world to have both a Bitcoin tattoo and a Luna tattoo,” the billionaire said at a conference in Miami in early April 2022.
The Luna cryptocurrency has fallen from $100 to less than $1 in the space of a month in the wake of the turmoil the UST stablecoin is currently experiencing. The stablecoin which is supposed to replicate the dollar in 1: 1 (with the cryptocurrency LUNA which plays the adjustment variable) saw its parity, during the day yesterday, collapse to 1 UST = 0.25$ . This is problematic for a cryptocurrency that is supposed to replicate the dollar. (I am concocting an article for you on this subject of stablecoins).
The broken parity of the stablecoin UST against the USD
In this context, Michael Novogratz saw his jackpot reduced by 70% in a suffering market.
Satoshi Nakamoto, creator of Bitcoin
For information, in the first years after the start of the Bitcoin network in 2009, the mysterious creator(s) would have mined 1.1 million bitcoins. These bitcoins have never been sold and are most likely lost forever, but at the current price ($27,000), that’s worth $29.7 billion all the same. Which would position Nakamoto in the Top 50 richest individuals in the world.
The following graph displays the fortunes of crypto-billionaires (in billions of dollars) as well as relatively well-known personalities with a fortune substantially close to each of them.
Don’t hesitate to move your mouse pointer over the bubbles of the personalities to discover the information belonging to each of them.