The creator of Ripple on the Forbes list

Forbes has published another, the latest list of 400 richest people in the world, where the creator of Ripple, Chris Larsen is and takes the 383th place. His estimated assets are net of $ 2.1 billion. Amazon’s CEO, Jeff Bezos, holds the palm of precedence. Interestingly, he managed to dump Bill Gates from the pedestal.

The appearance of Chris Larsen on the Forbes 400 list is interesting in that he is the only person who has made his fortune on digital assets. As a co-founder, Ripple owns shares in the company and approximately 5.19 billion XRP tokens. The price of one unit is now $0.45.

Dips

Although the 2.1 billion property seems to be huge and almost unimaginable for the average bread eater, it is now more than 17 times smaller compared to its net value at the beginning of the year. Of course, this is a matter of declines in cryptocurrency markets, when they have been going on for several months. The XRP token quotations fluctuated around $ 2.39. At the time, Forbes estimated Larsen’s assets at $ 37.3 billion.

XRP has lost more than 75% since the beginning of the current year, which significantly depleted the wealth of the creator of the power of Ripple. The net assets of current Ripple, Brad Garlinghouse, were $ 9.5 billion. He was not on the Forbes list due to the volatility of the cryptocurrency market. It led to a drop in its capital below $ 2.1 billion. The amount of USD 2.1 billion is the absolute minimum needed to qualify for the Forbes 400 list of the richest.

Ripple on Youtube

The Ripple token has recently recorded large, double-digit increases for the current period. All thanks to the information regarding the planned payment in XRP on YouTube. Coil is directly behind the jump. The company has plans to create and implement a payment system in cryptocurrencies for the world of content creators. It is, among others, YouTube.

What is Ripple?

The cryptocurrency was created by Ripple Labs, headed by Ryan Fugger. In the form under which we know this project today, it has been operating since 2012. However, its roots date back to 2004, when Fugger began work on a decentralized payment system that saw the light of day as RipplePay. It was only after 8 years that he introduced the cryptocurrency to the market.

The main task of the currency is to support financial institutions around the world in the implementation of fast and at the same time cheap transfers throughout the world. We can say that thanks to its functionality, this cryptocurrency is an answer to the biggest current problems of banks.

 

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