In the world of cryptocurrency, fortunes can be made overnight. Forbes, known for its “World’s Billionaires List”, published a list of the richest people in cryptocurrency for the first time, Tuesday Feb. 6. The reason for publishing the list, according to Forbes Editor Randall Lane, is to
“[provide] a snapshot of a pivotal moment, part of the transparency needed to pull crypto away from its provenance as the favorite currency of drug dealers and into the adolescence of a legitimate asset class.”
The Forbes “Richest People in Cryptocurrency” list is broken up into five categories: “idealists, builders, opportunists, infrastructure players and establishment investors.” In order to make the Forbes list, one must have accrued over $350 million.
Given this universe’s opaqueness and hyper-volatility, Forbes listed the richest people in cryptocurrency by net-worth estimates in ranges. The numbers are calculated based on the “estimated holdings of cryptocurrencies (a few provided proof), post-tax profits from trading crypto-assets and stakes in crypto-related businesses.”
The list contains 19 people. One can click on each member of the list on Forbes’s website in order to see a short bio and an estimated crypto net worth
CryptoWeekly, a cryptocurrency newsletter, released a comparable list of the top 100 most influential people in the crypto community. Their list is factored not by net worth, but by the research and technological contributions a person has made in the world of crypto.
Among those who were left out of Forbes’ richest in crypto rankings, but included in the CryptoWeekly influential list, are important crypto players like Litecoin founder Charlie Lee, Bitcoin investor Roger Ver, and crypto pioneer Nick Szabo, among others.