The co-founder of Ripple, veteran silicone valley operator and the richest man in cryptocurrency, Chris Larsen, 57, is now the fifth richest man in America. When XRP, the token of Ripple, hit a high of $3.84 the value of Chris Larsen spiked to about $59.9 billion on paper. The bulk of his fortune is derived from his 5.2 billion XRP.
He co-founded Ripple in 2012 with Jed McCaleb and has a 17% stake in the company currently. They wanted to use the blockchain technology to facilitate international payments for banks. Out of the 100 billion XRP in supply the company controls 61 billion. Ripple counts Mitsubishi Financial, Santander and Bank of America among its 100 plus customers.
Though Larsen has stepped down from the company more than a year ago he still serves as an executive chairman.
He has co-founded several Silicone Valley technology startups like the online mortgage lender e-Loan, in 1997, and, eight years later, Prosper, the peer-to-peer lender that has been valued at more than $1 billion. He did his M.B.A. from Stanford University. He born in 1960. He is an angel investor. Larsen has been a vocal advocate of financial privacy in California.
On january 4 2018 Forbes estimated Larsen’s worth $59 billion. so now he is just above Mark zuckerberg, CEO of Facebook.