The twins, best known as Mark Zuckerberg’s college nemeses (as memorialized in the Hollywood film The Social Network), have transformed their $65 million settlement with Zuck into digital gold, accumulating crypto fortunes of about $4 billion each.
After purchasing Bitcoin in 2012, the siblings have expanded their digital asset holdings by collecting additional cryptocurrencies and creating the cryptocurrency exchange Gemini.
The couple also owns the digital art auction platform Nifty Gateway, which benefited from last year’s NFT craze (and is the subject of a lawsuit filed in October 2021 by art collector Amir Soleymani, who accused the platform of changing its terms of sale; Nifty Gateway claims Soleymani owes them $650,000).
Chi-hyung, the creator of South Korea’s top crypto exchange, Upbit, has cashed in on the country’s expanding $46 billion crypto sector. He is said to possess around a quarter of Upbit’s parent business, Dunamu, which was valued at $17 billion in November after Hybe, the agency behind K-pop superstar BTS, purchased a 2.5% interest. Qualcomm, the world’s largest semiconductor company, once owned 6% of Dunamu.
Silbert, the founder of the investment firm Digital Currency Group, has developed a diverse crypto empire. Grayscale manages around $28 billion in crypto assets, and CoinDesk, renowned crypto news and events website, is controlled by his investment firm.
Silbert’s DCG has invested in over 200 cryptocurrency businesses through its many subsidiaries. Silbert previously worked as an investment banker and entrepreneur, selling stock trading website Second Market to Nasdaq in 2015 for an unknown sum.
McCaleb achieved most of his money through Ripple Labs and XRP, a payments-focused project he cofounded in 2012. McCaleb quit the project in 2013 after a disagreement with Larsen and other team members.
Since then, McCaleb has sold a significant portion of his XRP in periodic increments. By a 2014 separation agreement he reached with Ripple Labs, his remaining XRP wallet ran out last month. He is the creator and chief technical officer of Stellar, a cryptocurrency.
Above are the billionaires who greatly influence this industry and hold the majority of digital assets in the market. Hope CoinCu’s article has helped you to know more interesting information.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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