Just saw that David Schwartz from Ripple just denied being a billionaire on social media. Honestly, the story behind this is pretty wild when you think about it. Back in 2018 when XRP went absolutely bonkers, the Ripple guys were literally on the richest people lists. Chris Larsen's net worth hit $54 billion because he got handed 9 billion XRP tokens early on. Brad Garlinghouse's net worth climbed to around $10 billion at the peak too. But Schwartz? He made a totally different call. Instead of loading up on XRP tokens like the other executives, he took a 2% stake in the company plus a salary. Forbes even called him Ripple's trillion-dollar man back then, but his actual net worth was way more modest. By 2019, Forbes pegged it at $90 million, and Schwartz himself said in 2021 it was less than $170 million. Pretty interesting how different choices led to such different outcomes, right? He's basically saying his wealth is tied up in these crazy volatile assets, so he's always a bit nervous about it. I guess that's the risk you take when you're betting on crypto instead of stacking tokens like the other Ripple brass.

XRP2.63%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin