Former Ripple CEO Chris Larsen Is The Only Billionaire From Crypto Still On Forbes 400 Rich List
Chris Larsen, former CEO of Ripple made it to the updated Forbes 400 list of wealthiest Americans. Larsen was also the only person from the cryptocurrency space to make it to the list with a $2.1 billion net worth.
Interestingly, Larsen's net worth did not change from last year as the price of XRP token did not move much in 2019. Larsen was placed 388th on the Forbes list this year, 5 places more than his last year's position.
XRP being the 3rd cryptocurrency by market cap hasn't looked to get over the hangover of last year's bear market. While Bitcoin and most of the other altcoins have managed some price momentum in the first three quarters of 2019, but XRP has failed to get past the psychological barrier of $0.30. The inefficiency of the Ripple's native token to see a price movement has given rise to many conspiracy theories, one prominent one suggested that Ripple might artificially inflate the prices by continuously seeing it.
However, Brad Garlinghouse the current CEO during a recent interview shot down any such theories claiming that they have vested interest in the token and are working hard to make it a success. He said,
“In the XRP community, Ripple is the largest owner. The point I have made is that we are the most interested party in the success of XRP.”
Larsen's Fortune Denied along with XRP's Price
Larsen was one of the co-founders of Ripple and was awarded 5.19 million XRP as a reward for his contribution. At XRP's price peak, Larsen's net worth was valued at $37.3 billion, however, that number kept on declining.
This year several crypto personalities missed out from making it to the list of Forbes 400, including the likes of Winklevoss twins, Brian Armstrong, Chanpeng Zhao, Barry Silbert, and current Ripple CEO Garlinghouse who was worth $9.5 billion back in January 2018.