Ripple's CTO denies being a billionaire

said David Schwartz, chief technology officer at San Francisco-based Ripple to reject Being a billionaire in a recent social media post.

During the massive XRP rally that occurred in 2018, Ripple's top bosses emerged among the richest people on the planet.

Ripple co-founder Chris Larsen's net worth has risen to $54 billion. Larsen received 9 billion XRP tokens, which explains why his net worth is swelling at such a dramatic pace.

Ripple CEO Brad Garlinghouse was worth nearly $10 billion when XRP reached its peak price.

Schwartz, described by Forbes as Ripple's "trillion-dollar man," chose to take a 2% stake in the company and a salary instead of XRP tokens. Back in 2019, Forbes estimated His net worth is a relatively modest $90 million.

In 2021, black male That his net worth was "well under $170 million."

“Circumstances have forced me to tie up a significant portion of my net worth in highly volatile assets,” he said in October. “I'm obviously very happy with the way things have turned out, but I'm always on edge because of the risks.” 2021.

In 2020, Ripple's CTO confirmed that he personally owns XRP and Bitcoin (BTC) as well as several other altcoins.

Earlier this year, XRP became the talk of the town due to the cryptocurrency's massive rise that pushed Ripple's cryptocurrency to third place in terms of market capitalization.

Earlier this month, Forbes I mentioned Larsen was able to add $6 billion to his net worth in just one month due to the token rally.

Other notable cryptocurrency billionaires include Binance founder Changpeng Zhao and Coinbae CEO Brian Armstrong.



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