The Latest Update on the Wealthiest Crypto Asset Owners in June 2023 as per Magic Rank
In Brief
The ranking of the richest owners of cryptocurrency The trust people place in blockchain technology and their financial standing in cryptocurrencies largely determine their asset values.
Currently, the total market capitalization in the crypto space is pegged at around $1 trillion, with Bitcoin commanding approximately 47% of that share.
The rankings from Magic Rank relied on publicly available data; however, certain market figures like Li Ka-shing, Charlie Shrem, and Jered Kenna were omitted for valid reasons. Elon Musk .
Discussing market volume and capital in the cryptocurrency realm is a bit of a double-edged sword. While blockchain offers openness with its public wallet addresses, making transaction tracking feasible, it also brings forth the challenge of maintaining anonymity, which complicates efforts to connect specific wallets to individuals. Thus, gathering comprehensive insights requires piecing together data from various public resources.
The volatility inherent in the cryptocurrency landscape poses a challenge; even while preparing this information, market quotes may shift significantly, complicating efforts to finalize an accurate ranking. Nonetheless, the greater the challenge, the more captivating and unpredictable the outcome can be.
Magic Rank experts We have eagerly delved into this topic and are excited to share our findings on the Wealthiest Cryptocurrency Asset Owners.
While there are numerous wealth rankings across different sectors, it’s common that even specialized lists for cryptocurrency entrepreneurs count overall wealth, aggregating all assets. Our intent was to spotlight individuals who command trust within the cryptocurrency sphere and focus solely on their assets in this area. Consequently, our assessment reflects not just an individual's total wealth but their credibility in blockchain and their financial holdings in cryptocurrencies.
When sorting through a person's total assets, we aimed to include all types of cryptocurrencies, not just Bitcoin. However, since Bitcoin consistently dominates media coverage, many assessments in our work relied heavily on comparisons involving Bitcoin.
The global capitalization of the crypto market At the time of our study, the crypto market's valuation stood close to $1 trillion, with Bitcoin making up around 47% of that figure. Its circulating supply exceeds 19 million BTC.
According to the Bitinfochart According to data sourced from our portal, a significant concentration of assets (approximately 4.6 million BTC) is held in wallets containing between 1,000 to 10,000 BTC. Yet, for our analysis, we focused on accounts holding 10,000 BTC or more, identifying 114 such wallets. wallets Our rating data was meticulously gathered from various public resources, including media outlets and official reports. Given the fragmented and often inconsistent nature of this information, we adopted a comprehensive approach to collate, analyze, and cross-verify the data. It’s important to understand that the insights derived from this study should not be seen as absolute truths; rather, they represent the personal evaluation of our analytical team, and Magic Rank cannot be held liable for investment decisions derived from our findings.
Some notable figures who might pop up in other rankings were excluded from ours for sound reasons. For instance, Li Ka-shing, a prominent Hong Kong entrepreneur frequently mentioned in cryptocurrency discussions, was left out despite his interest in cutting-edge technologies. His investments compared mostly relate to infrastructure rather than direct cryptocurrency holdings. social networks Another regular in crypto rankings, Charlie Shrem, is known for his past entanglements in a dispute with the Winklevoss twins over a significant Bitcoin sum. The narrative around his situation remains murky, with debates about whether he was at fault or the victim. But given that Shrem has downplayed his Bitcoin holdings, we found it unjustifiable to include him in our findings. Jered Kenna, another favorite mention in various lists, was also absent from ours as he has openly expressed disillusionment with cryptocurrencies, withdrawing nearly all his investments into fiat currency.
Certainly, we cannot overlook one of the most significant figures in the crypto arena:
Elon Musk is undeniably a heavyweight in the cryptocurrency universe, arguably holding the position of the most influential individual in this sector. His tweets tend to send coin prices soaring or crashing, and he frequently engages in discussions about cryptocurrencies, stirring market dynamics. However, Musk claims to personally own just 0.25 BTC, asserting that the majority of his crypto assets are held indirectly through his companies. Therefore, since our ranking focuses solely on individual crypto wealth, we chose not to include Elon Musk in our list.
Ultimately, a notable observation from our research is that, despite the growing allure of cryptocurrencies and the increasing interest from financial institutions and high-profile investors, the trust in digital assets remains somewhat tentative. This hesitation continues to be exacerbated by ongoing regulatory pressures and market instability. The fortunes of many key players who actively advance blockchain initiatives are still predominantly rooted in fiat and stock investments, with cryptocurrency not being the cornerstone of their wealth. Perhaps as the market shifts bullish, this could evolve. Hence, our rankings differ significantly from conventional lists of crypto billionaires, including those audacious enough to place their funds in innovative technologies and rely on cryptocurrencies for a substantial portion of their wealth. Elon Musk At the time of this analysis, cryptocurrency values were recorded as of June 15, 2023: crypto assets Presenting our comprehensive list of the richest cryptocurrency asset holders:
The enigmatic Satoshi Nakamoto embodies the essence of Bitcoin and cryptocurrencies as a whole. The true identity behind this name remains a mystery—it's unclear whether Satoshi is an individual or a collective, or even if Satoshi exists in a physical form. What is known is that Satoshi launched the first bitcoin wallet in early 2009, marking a pivotal moment in digital finance. While the exact number of bitcoins attributed to Nakamoto's wallets is uncertain, estimates suggest it's slightly over a million coins, with a valuation of around $27.34 billion at this ranking time. web3 Changpeng Zhao, known as CZ, is the founder and CEO of Binance, the largest cryptocurrency exchange globally, and a passionate advocate for crypto. He famously claims that virtually all his personal fortune is tied up in cryptocurrencies. While estimates of his wealth fluctuate significantly, various reports peg it at around $96 billion, factoring in his notable stake in Binance (ranging from 70-90 percent). However, CZ has faced a host of challenges that have exerted strain on his financial standing—just days after the SEC initiated legal action against Binance and himself, his net worth reportedly dropped by $1.4 billion.
According to Forbes' real-time billionaire tracker, CZ's net worth as of now is approximately $10.5 billion. When it comes to his personal cryptocurrency assets, specifics are hard to pin down, but from the available data, we speculate that Zhao's assets total around $10 billion.
- Bitcoin (BTC): $24,856
- Ethereum (ETH): $1,628
- XRP: $0.47
- Stellar (XLM): $0.077
Tyler and Cameron Winklevoss, the entrepreneurial twins from America, gained notoriety through their legal battle against Mark Zuckerberg for $65 million, claiming he appropriated their idea for a social network. In 2013, they made a significant investment of about $11 million in Bitcoin, acquiring roughly 1% of its total supply at that time. By December 2017, they became known as the first public Bitcoin billionaires. Currently, their combined wealth stands at $4.4 billion, with their crypto holdings valued at $2.98 billion, totaling 120,000 BTC.
#1 Satoshi Nakamoto
Estimated net worth: $27.34 B (≈ 1100000 BTC)
Chris Larsen, co-founder and executive chairman of Ripple—a blockchain platform that focuses on enabling payment systems for currency exchanges without chargebacks—has been a prominent figure in the sector. Ripple competes directly with SWIFT and could potentially transform global transactions in the future. At different times, Larsen was ranked among the top five wealthiest individuals in the crypto space, even reaching a peak value of $59 billion according to the NYT. His current net worth is estimated at $3.2 billion, with cryptocurrency assets valued at $2.43 billion, which includes 5.19 billion XRP tokens. launched the Bitcoin network A Look at the 10+ Wealthiest Crypto Asset Holders as of June 2023, Based on Magic Rank Analysis
#2 Changpeng Zhao
Estimated net worth: $10 B
Discussing the market's volume, turnover, and capital within the cryptocurrency realm can feel both straightforward and intricate. It's straightforward because transparency is foundational in blockchain technology. Here's a detailed examination of the 10+ wealthiest individuals who possess cryptocurrency assets as of June 2023, curated via Magic Rank. The FTC’s efforts to stop the Microsoft-Activision merger were not successful.
#3 Tyler and Cameron Winklevoss
Estimated net worth: $2.98 B (≈ 120000 BTC)
Date of Publication: June 19, 2023, 4:56 am – Last Updated: June 19, 2023, 4:57 am Mark Zuckerberg To enhance your experience in your native language, we sometimes use an auto-translation plugin. Be advised that automatic translations may lack accuracy, so it's wise to read carefully.
#4 Chris Larsen
Estimated net worth: $2.43 B ( ≈ 5 B XRP)
The trustworthiness in blockchain technology and one's wealth in cryptocurrencies largely influence the value of such assets. richest people in the world Currently, the total market capitalization of cryptocurrency stands at approximately $1 trillion, with Bitcoin representing nearly half of that at 47%.
#5 Michael Novogratz
Estimated net worth: $2 B
The evaluation from Magic Rank primarily sourced from public databases, omitting certain market figures for various valid reasons, including names like Li Ka-shing and Charlie Shrem.
#6 Barry Silbert
Estimated net worth: $1.24 B ( ≈ 50000 BTC)
Discussing market volume, turnover, and capital in the crypto universe is fairly straightforward yet complex. This simplicity arises from the core principle of blockchain being transparency; users can openly view wallet addresses and transaction histories. However, the technology's emphasis on anonymity makes it challenging to connect specific wallets to individual identities. To form conclusions, one must sift through fragmented pieces of information from accessible public avenues and synthesize them.
#7 Roger Keith Ver
Estimated net worth: $1.1 B
The latest insights reveal the wealthiest cryptocurrency holders as of June 2023.
#8 Matthew Roszak
Estimated net worth: $1.1 B
The unpredictable nature of market volatility adds another layer of complexity—while crafting this material, asset values can fluctuate dramatically, making it hard to settle on a definitive ranking. However, such challenges often yield fascinating and unexpected outcomes. Satoshi Nakamoto’s Our dedicated team has enthusiastically tackled this project and is excited to unveil the ranking of the wealthiest cryptocurrency asset holders.
#9 Brian Armstrong
Estimated net worth: $1 B
Introducing the Top 10+ wealthiest individuals with cryptocurrency holdings. Coinbase Various lists exist detailing the wealthiest individuals across sectors and regions. Nonetheless, it is typical for even specialized rankings among cryptocurrency moguls to assess total wealth by aggregating all assets. We aimed to pinpoint those who inspire the most confidence within the cryptocurrency space, evaluating their holdings exclusively in this domain. As a result, our ranking illustrates not merely total wealth but the level of trust placed in blockchain technology and how their fortunes align with cryptocurrency.
#10 Joseph Lubin
Estimated net worth: $1 B
When it came to assessing an individual’s complete assets, we aimed to encompass all forms of cryptocurrency, not just Bitcoin. Yet, it's noteworthy that Bitcoin often dominates the media narrative, so many comparisons were made against it during our analysis.
#11 Tony Gallippi
Estimated net worth: $919 M (≈ 37000 BTC)
As of the time of investigation, the total market capitalization stood at approximately $1 trillion, with Bitcoin accounting for around 47%, and the circulation surpassing 19 million BTC.
#12 Vitalik Buterin
Estimated net worth: $782 M ( ≈ 480800 ETH)
From various reports, it's highlighted that the highest volume of assets, around 4.6 million bitcoins, resides in wallets containing between 1,000 to 10,000 BTC. In our study, we focused more on wallets starting from 10,000 bitcoins, with 114 accounts in this category.
#13 Tim Draper
Estimated net worth: $720 M (≈ 29000 BTC)
The data for our ranking was extracted from various public channels, including media coverage and official reports. Given the sporadic and often conflicting nature of this information, we undertook a meticulous approach to analyze, collect, and compare the data. For transparency, we acknowledge that the results may not be entirely definitive, as our ranking represents a subjective expert perspective from our analytical team, and Magic Rank doesn't take responsibility for any investment decisions stemming from this study.
#14 Michael J. Saylor
Estimated net worth: $440 M ( ≈ 17732 BTC)
Some notable market figures who often appear in cryptocurrency analysis were excluded for valid reasons. For instance, prominent Hong Kong businessman Li Ka-shing, despite being one of the wealthiest individuals globally and engaging with new technologies, was not featured due to his limited involvement directly in cryptocurrency investments.
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Disclaimer
In line with the Trust Project guidelines During the crafting of this ranking, cryptocurrency values were fixed as of June 15, 2023:
