Cryptocurrency is creating buzz everywhere. 2017 saw a historical increase in the price of Bitcoin. Other than Bitcoin there is another virtual currency which is breaking all the records recently and that is Ripple. With Ripple reaching the price of $3, Chris Larsen, the co-founder of Ripple is now the 5th wealthiest person alive.
Larsen now stands ahead of Google co-founders Larry Page and Sergey Brin in terms of personal net worth, according to Forbes’ billionaires list. Larsen currently holds a share of 17% in the cryptocurrency company Ripple and also owns 5.19 billion XRP crypto coins.
As Ripple owns the 61% of the world’s total supply of XRP coins the net worth of Chris is expected to rise more in coming few days. Ripple’s prices have seen a unbelievable growth of 1,400% since December 2017. The present net worth of Larsen is estimated to be around $59.8 billion beating Ellison ($58.9 billion), Koch brothers ($51 billion apiece), Page ($50.8 billion), Michael Bloomberg ($49.7 billion), and Brin ($49.3 billion) in a short period of time. Seeing the popularity of virtual currencies in modern world, Larsen’s net-worth is expected to increase a lot in future.
Larsen co-founded Ripple in 2012 and since then the price of cryptocurrencies is increasing very fast. Ripple’s XRP is now the 2nd most popular cryptocurrency after Bitcoin beating Ethereum just a few days ago.
Next few months are very critical for all the virtual currencies as some countries are accepting it while others are trying to stop such investments as cryptocurrencies don’t have any physical presence.