Forbes Publishes First "Richest People In Crypto" List

_{Photo: zerohedge.com}

The list ranges from the hardcore "hodlers" who had to place big bets on bitcoin, ethereum and other popular coins while their networks were still in their childhood, to krypto miners who win by running the distributed ledgers that allow systems like bitcoin networks to work.

Forbes officially distributed its crypto-rich list into five groups: idealists, builders, opportunists, infrastructure actors and establishment investors. Many fit into more than one category.

Forbes Publishes First "Richest People In Crypto" List

Cameron & Tyler Winklevoss:
Estimated Net Worth: $900 million-$1.1 billion

After their portrayal as the antagonists to Facebook founder Mark Zuckerberg in the movie "The Social Network", the Winklevii have staged a staggering comeback. They bought bitcoin in 2012 and held on - with their combined fortune at one point being estimated at over $1 billion. Their crypto exchange, Gemini, recently surpassed $300 million in daily transaction volume.

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Mike Novogratz:
Estimated Net Worth: $700-$1 billion

Novogratz' hedge fund was an early investor in crypto. After shelving plans for a dedicated crypto fund late last year, Novogratz today revealed that he has raised about $250 million for his cryptocurrency merchant bank during one of the biggest routs yet in Bitcoin, according to a person familiar with the deal.

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Vitalik Buterin:
Estimated Net Worth: $400-$500 million

Buterin created ethereum - the first cryptocurrency that wasn't a bitcoin clone a la Litecoin. With Ethereum, Buterin introducd the idea of smart contracts operating on a blockchain. These contracts are capable of automating if-this-then-that-type systems that could someday be used in finance, real-estate and beyond.

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Barry Silbert:
Estimated Net Worth: $400-$600 million

Silbert made his name as the founder of SecondMarket, which helps facilitated trading in private company shares. His second act was founding Digital Currency Group, which owns Greyscale - the operator of the bitcoin investment trust - and CoinDesk, the bitcoin news website. Silbert invested $100,000+ during the early days of bitcoin and, according to a recent Reuters story, he "cheerleaded his way to...riches."

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Chris Larsen
Estimated Net Worth: $7.5 to $8 billion

For a brief period early last month, a short-lived rally in Ripple brought Larsen's net worth to approximately $55 billion - more than Facebook founder Mark Zuckerberg.

Of course, that wealth existed solely on paper, and Ripple swiftly spiraled lower, and, like the rest of the space, is currently trading at less than half of its peak. Larsen founded Ripple as a payments network to help facilitate global payments. But though there have been some flirtations with the app Moneygram saying it would experiment with Ripple's software (which is separate from the digital tokens) few others have followed suite.

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Joseph Lubin
Estimated Net Worth: $1 billion to $5 billion

The former Goldman executive was one of the first people to join Buterin in helping to build the Ethereum network. He later went on to found Consensys, which has partnered with Microsoft to provide the building blocks for distributed systems through MSFT's Azure platform.

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Tim Draper
Estimated Net Worth: $350 - $500 million

A longtime Silicon Valley VC and founder of Draper Associates was an early investor in bitcoin. Though recently he has made some high-profile missteps, investing in Tezos and Bancor - two ICOs that are bedeviled with problems. Bancor's tokens have plummeted in value, while Tezos hasn't yet released the tokens it promised investors who participated in its crowdsale over the summer.
_{Read more: zerohedge.com}

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