Four Crypto Proponents Appear on Forbes Billionaires List 2020

Only four entrepreneurs who made their fortunes in crypto were included in the list of 2,095 billionaires revealed by Forbes this year. The richest man in crypto is Bitmain co-founder Micree Zhan, who appears at No. 690 on the list with a net worth of $3.3 billion.

In the times of pandemic like these, some good news is always more than welcome. We already talked about how, in volatile times, people tend to turn themselves to less traditional assets. Crypto became one of these and the proof we can find in the latest data from Forbes’ 2020 global billionaires list. Four crypto entrepreneurs, with a combined net worth of $8.7 billion, have made it to list.

On Forbes’ newly-released billionaire list, Amazon CEO Jeff Bezos holds first place with a $113 billion net worth. After him, there are Microsoft co-founder Bill Gates, LVMH owner Bernard Arnault, and American investor Warren Buffett.

Four members of the cryptocurrency industry are now also in the eminent company. Bitmain co-founders Micree Zhan with the wealth worth $3.3 billion and Jihan Wu with $1.8 billion, Ripple co-founder Chris Larsen with $2.6 billion, and Coinbase chief executive Brian Armstrong with $1 billion worth of assets.

Micree Zhan – $3.3 Billion

Micree Zhan cofounded Chinese crypto mining giant Bitmain Technologies with Jihan Wu back in 2013. However, after a longstanding power struggle with Wu and other Bitmain executives, Zhan was ousted from the firm in October 2019. Bitmain is China’s largest digital currency mining company that has specialized in selling ASIC-chip miners. Zhan is still its largest shareholder. Back in October 2019, Bitmain reportedly filed for a U.S. IPO, more than a year after a failed attempt to go public on Hong Kong’s stock exchange.

Jihan Wu – $1.8 Billion

Another co-founder Jihan Wu still sits as a chairman of Bitmain Technologies. He also co-founded a crypto-financial services startup called Matrixport in February 2019. According to the latest information, Wu…

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