Ripple Co-Founder Is Now Richer Than Google Co-Founders!
Ripple Co-Founder Is Now Richer Than Google Co-Founders: The trend of Bitcoin community is growing day by day. We have already seen the value of Bitcoin, Ehereum and Ripple have increased in no-time. We must admit that cryptocurrencies like bitcoin have made many people millionaires.
Ripple Co-Founder Is Now Richer Than Google Co-Founders!
However, no one would have thought that cryptocurrency can actually make anyone one of the world’s richest people. The former CEO of Ripple, Chris Larsen, which issues the cryptocurrency token known as XRP has become an overnight billionaire.
Last year in December, the value of XRP had jumped from $0.25 to $3.16 on this Wednesday. Right now, Ripple ranks as the second biggest cryptocurrency after Bitcoin. Chris Larsen holds a 5.19 billion XRP and the recent 17% stake in Ripple put Larsen ahead of Google co-founders Larry Page and Sergey Brin.
Right now Chris Larsen has control over 15.6 billion XRP. With this, Larsen’s net worth is around $54.2 billion which puts him ahead of Google Co-Founders. Earlier when the value of XRP reached $3.84, which makes the net worth of $59.9 billion made him reach just below Mark Zuckerberg who stands on the fourth place on Forbes World’s Richest list.
Several experts also predicted that in the near future XRP will meet more demand which might make the executive chairman of Ripple the world’s richest person by defeating Jeff Bezos.
Google founders Larry Page and Sergey Brin rank eighth and 10th on the list, respectively.
A representative for Ripple said the company had nothing to add.
Its XRP coin soared 35,500 percent to $2.30 last year, far outpacing bitcoin’s and ethereum’s gains. The company owns 61.3 billion of the 100 billion XRP coins in existence, giving Ripple a market value of nearly $235.4 billion Thursday.
The San Francisco-based start-up is using blockchain technology to develop a payments network that more than 100 financial institutions are using, according to the company. Ripple’s website also says that the XRP coin has a four-second settlement time, versus more than two minutes for ethereum and over an hour for bitcoin.
Cryptocurrency founders can often hold large amounts of the digital coins they create. The anonymous bitcoin founder known as “Satoshi Nakamoto” has 980,000 bitcoins, or about 4.7 percent of all bitcoins that will ever exist, based on widely accepted analysis by Sergio Demian Lerner.
With bitcoin near $15,000 Thursday, Nakamoto’s share is worth just $14.7 billion.
We have to wait for some more time to see whether the made prediction turned out to be true or not. What’s your opinion on this? Discuss with us in the comments.