Many investors of crypocurrency, have taken time to debate and make findings of the current richest person in cryptocurrency. Who is actually that big name, and at the same time wealthy fellow? Well, according to Forbes list of richest people in cryptocurrency, the current richest person in cryptocurrency is actually Chris Larsen. In this post, I will be showing you the biography and net worth of Chris Larsen.
Chris Larsen Biography and Net Worth: Richest Person in Cryptocurrency
Chris Larsen, the current richest person in cryptocurrency, is the co-founder of altcoin “Ripple”. He has an estimated net worth between $7.5 to $8.5 billion. In the year 2012, Chris Larsen cofounded Ripple with Jed McCaleb to facilitate international payments for banks using blockchain technology. Currently, his company controls 61 billion of the 100 billion Ripple “XRP” in supply, according to Forbes report.
Chris Larsen (born 1960) is a business executive and angel investor best known for co-founding several Silicon Valley technology startups, including one based on peer to peer lending. In 1996, he co-founded the online mortgage lender E-Loan, and during his tenure as CEO E-Loan became the first company to freely provide consumers’ FICO credit scores. By 2000, E-Loan’s market value was estimated at $1 billion, and Larsen left the company when it was sold to Banco Popular in 2005. In 2006, he co-founded Prosper Marketplace, the first peer-to-peer lending marketplace in the United States, and he served as CEO until 2012. Later in 2012, he co-founded the company Ripple Labs, Inc., which developed Ripple, software that enables the instant and direct transfer of money between two parties.
Self-described as “radically pro-consumer,” Larsen has been a vocal advocate of financial privacy in California, and in 2001 he co-founded the coalition Californians for Privacy Now. He has appeared as a speaker at industry events such as Sibos, SWIFT’s flagship conference, and written articles for publications such as American Banker. He is also a board-member or advisor for organizations such as Credit Karma, the Electronic Privacy Information Center (EPIC), Qifang, and Betable.
On January 4, 2018, Forbes estimated Larsen’s worth at $59 billion, briefly putting him ahead of Mark Zuckerberg and into fifth place in their list of world’s richest people, and in February 2018 Forbes named him the richest person in cryptocurrency.
Chris Larsen Early Life and Education
Chris Larsen was born in San Francisco, California in 1960. His mother worked as a freelance illustrator, while his father worked as an aircraft mechanic for United Airlines at San Francisco International Airport.[ After high school, Larsen attended San Francisco State University, where he earned a B.S in international business and accounting in 1984. He began working for Chevron after college, doing financial audits in Brazil, Ecuador, and Indonesia. He graduated with an M.B.A. from the Stanford Graduate School of Business in 1991.
Chris Larsen Business Career – Richest Person in Cryptocurrency
- Development of E-Loan (1992-1998)
- E-Loan funding and public offering (1998-2000)
- Privacy activism and E-Loan sale (2001-2005)
- Prosper Marketplace (2005-2011)
- Founding OpenCoin (2012-2013)
- Ripple Labs (2013-2017)
Chris Larsen Presence and Memberships
Larsen has appeared as a speaker or panelist at number of industry events, for example speaking at the IIF Annual Memberships Meeting in 2014. Larsen has also written articles on banking systems and other technical topics for publications such as American Banker.
In the early 2000s, Larsen established the Chris Larsen Scholarship Fund at San Francisco State University, and the school named him Alum of the Year in 2004. As of 2014, he is a member of the Young Presidents Organization (YPO) and he serves as a board-member or adviser for organizations such as Credit Karma and the Electronic Privacy Information Center (EPIC). He served as an advisor to the Silicon Valley Community Foundation’s policy committee against payday lending. He is also on the board of Oportun.
So this summarized the biography and net worth of the Chris Larsen, the current richest person in cryptocurrency 2018.