Crypto Billionaires: The Biggest Net Worth Gainers in 2024
Generated by AI AgentWesley Park
Thursday, Jan 2, 2025 4:27 pm ET1min read
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The crypto market's stellar rally in 2024 has not only propelled Bitcoin to new heights but also significantly impacted the wealth of crypto billionaires. As the market surged, so did the net worth of these influential figures, with some experiencing substantial gains. Let's take a closer look at the three crypto billionaires who saw the most significant net worth increases during this remarkable year.
1. Changpeng Zhao (CZ) - Binance
Changpeng Zhao, the founder and former CEO of Binance, saw his net worth skyrocket by $34.8 billion (105.45%) in 2024. CZ's wealth primarily stems from his success with Binance, the world's largest cryptocurrency exchange by trading volume. Through Binance, CZ introduced Binance coin (BNB), which has appreciated significantly in value, further contributing to his wealth. As of November 4, 2024, Forbes estimated CZ's wealth to be $67.8 billion, making him the richest crypto billionaire in the world.
2. Michael Saylor - MicroStrategy
Michael Saylor, the CEO and largest shareholder of MicroStrategy, experienced a net worth increase of $6.3 billion (143.18%) in 2024. MicroStrategy's strategic investment in Bitcoin, with the company holding 42 billion dollars in bitcoin reserves by the end of December, significantly contributed to Saylor's wealth. As Bitcoin reached an all-time high of 108,000 dollars in mid-December, MicroStrategy and other Bitcoin holders realized substantial profits during the rally.
3. Giancarlo Devasini - Tether and Bitfinex
Giancarlo Devasini, the co-founder and CFO of Bitfinex and Tether, saw his net worth increase by $5.1 billion (159.38%) in 2024. Devasini's wealth comes from his shareholding at Tether and Bitfinex. Tether's USDT stablecoin, with its high demand and strong financial performance, bolstered Devasini's fortune. In late October 2024, Tether released its third-quarter report, revealing a quarterly net profit of $2.5 billion, which contributed significantly to Devasini's wealth.
These three crypto billionaires' net worth gains reflect the overall growth and success of the crypto market in 2024. As the market continues to evolve and innovate, we can expect to see more billionaires emerge and existing ones to further grow their wealth. Stay tuned for more updates on the crypto billionaires' net worth and the market's performance.
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STEL--
The crypto market's stellar rally in 2024 has not only propelled Bitcoin to new heights but also significantly impacted the wealth of crypto billionaires. As the market surged, so did the net worth of these influential figures, with some experiencing substantial gains. Let's take a closer look at the three crypto billionaires who saw the most significant net worth increases during this remarkable year.
1. Changpeng Zhao (CZ) - Binance
Changpeng Zhao, the founder and former CEO of Binance, saw his net worth skyrocket by $34.8 billion (105.45%) in 2024. CZ's wealth primarily stems from his success with Binance, the world's largest cryptocurrency exchange by trading volume. Through Binance, CZ introduced Binance coin (BNB), which has appreciated significantly in value, further contributing to his wealth. As of November 4, 2024, Forbes estimated CZ's wealth to be $67.8 billion, making him the richest crypto billionaire in the world.
2. Michael Saylor - MicroStrategy
Michael Saylor, the CEO and largest shareholder of MicroStrategy, experienced a net worth increase of $6.3 billion (143.18%) in 2024. MicroStrategy's strategic investment in Bitcoin, with the company holding 42 billion dollars in bitcoin reserves by the end of December, significantly contributed to Saylor's wealth. As Bitcoin reached an all-time high of 108,000 dollars in mid-December, MicroStrategy and other Bitcoin holders realized substantial profits during the rally.
3. Giancarlo Devasini - Tether and Bitfinex
Giancarlo Devasini, the co-founder and CFO of Bitfinex and Tether, saw his net worth increase by $5.1 billion (159.38%) in 2024. Devasini's wealth comes from his shareholding at Tether and Bitfinex. Tether's USDT stablecoin, with its high demand and strong financial performance, bolstered Devasini's fortune. In late October 2024, Tether released its third-quarter report, revealing a quarterly net profit of $2.5 billion, which contributed significantly to Devasini's wealth.
These three crypto billionaires' net worth gains reflect the overall growth and success of the crypto market in 2024. As the market continues to evolve and innovate, we can expect to see more billionaires emerge and existing ones to further grow their wealth. Stay tuned for more updates on the crypto billionaires' net worth and the market's performance.
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