Forbes Releases Inaugural Crypto Rich List; Blockchain Industry Lures Tech Genius Full Time
The barrier for entry into the exclusive list was a net worth of $350 million (USD). Forbes estimated these values using data from January 19, so it is safe to say that this list would be significantly reduced if updated for today’s post-market crash prices.
The all-male list totalled 19 (Cameron and Tyler Winklevoss were treated as one entity), with the average age coming in at 42. The youngest member of the Forbes list was Ethereum founder, Vitalik Buterin (24 years old). Meanwhile, the oldest was Draper Associates founder, Tim Draper (59 years old). Notably, even Draper would be considered young in terms of the annual Forbes 400, where the average age is 67.
Forbes also published other supplementary data, such as the average 2017 price change of Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), and a graph depicting the average daily price volatility in January for popular investments such as gold, Apple stocks (NASDAQ: AAPL), Procter & Gamble stocks (NYSE: PG), BTC, ETH, and XRP.
All members consented to the publication of the prestigious list; acknowledging the importance of transparency. This is something that Forbes believes is “needed to pull crypto away from its provenance as the favourite currency of drug dealers and into the adolescence of a legitimate asset class.”
For similar reasons, CryptoWeekly recently took to publishing their 2018 version of ‘The 100 Most Influential People In Crypto’.
On the topic of wealthy, influential figures, the blockchain industry recorded a big win today, with the co-founder of Reddit, Alexis Ohanian, announcing that he is relinquishing his daily duties at the company so as to immerse himself into the burgeoning world of crypto; returning full time to his early stage venture capital firm, Initialized Capital.
Now 34 years of age, Ohanian was a multimillionaire by the age of 23 when Reddit was acquired. The tech wizard’s decision will also free up time to help raise his newborn daughter alongside his superstar athlete wife, Serena Williams.
Initialized Capital has only partaken in one crypto-related investment, that being Buttercoin in 2013. The exchange startup – also backed by Google Ventures and Y Combinator – shut down in 2015; perhaps a victim of bad timing more than anything, given retail investment activity only erupted last year.
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