Ripple Chairman and Co-founder Chris Larsen has profited so much from the asset’s bull run he could be the world’s richest person.
That’s according to BitFury CEO George Kikvadze, whose made a tweet about Larsen’s likely huge personal wealth gains over the past year.
“At Ripple’s Implied Market Value of $320 bln – Chris Larsen with his 37 percent stake has become the world’s richest person bypassing (Bill Gates) & (Warren Buffett),” Kikvadze noted Wednesday.
BREAKING: At RIPPLE’S Implied Market Value of $320Bln – Chris Larsen with his 37% stake has become the world’s richest person bypassing @BillGates & @WarrenBuffett !!! @CNBC @business @Forbes CONGRATS CHRIS !
— George Kikvadze (@BitfuryGeorge) January 4, 2018
Ripple’s XRP token has delighted investors into 2018 with gains of over 35,000 percent, much of that taking place in the last few months.
Shooting up to highs above $3.60 per token, only Coinbase’s announcement that it had “no plans” to add new assets, including XRP, was able to take prices down somewhat.
On the topic of Larsen meanwhile, Forbes gave a more conservative outlook, nonetheless placing the co-founder’s wealth at up to $59 bln.
“That would have briefly vaulted Mr. Larsen ahead of Facebook chief executive Mark Zuckerberg into fifth place on the Forbes list of the world’s richest people,” the New York Times commented on the data.
Zuckerberg had coincidentally hinted at plans to integrate cryptocurrency with unnamed Facebook “services” this week, announcing in a post that he was “interested in going deeper and studying the positive and negative aspects of [technologies like encryption and cryptocurrencies], and how best to use them.”