Brian Armstrong of Coinbase, Sam Bankman-Fried of FTX and Zhao Changpeng of Binance have topped a Chinese ranking of blockchain billionaires.
According to Hurun Report's "2020 Global Rich List," released Tuesday, there are 17 blockchain billionaires – individuals whose wealth is predominantly derived from cryptocurrency exchanges, investors or miners – 11 of whom were new additions in 2020.
Brian Armstrong CEO of Coinbase heads the list with a stated net worth of $11.5 billion ahead of the crypto exchange's public listing, expected to be valued at $100 billion.
CEO of FTX Sam Bankman-Fried ($10 billion), and CEO of Binance Zhao Changpeng ($8 billion) follow in second and third places.
Other notable entries include the Winklevoss twins tied in seventh place ($2.8 billion) and Michael Saylor, co-founder of MicroStrategy, ($2.4 billion) who shares ninth place with Matthew Roszak, co-founder of Bloq.
Conspicuous by his absence, Bitcoin founder Satoshi Nakamoto ought to top the list with an estimated wealth of $50 billion, though it cannot be included because his identity is not known, Hurun said.
This figure would in fact win Nakamoto a place in the top 25 of Hurun's overall "Rich List," headed by Tesla CEO and crypto tweeter Elon Musk ($197 billion), Amazon founder Jess Bezos ($189 billion) and LVMH CEO Bernard Arnault ($114 billion).
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.