The recent ripple price surge has undoubtedly made many investors quite wealthy. On Thursday, the global average ripple price rose to an all-time high of $3.84, meaning that a hypothetical $1,000 investment made on Jan. 1, 2017, would now be worth more than $600,000. No one, however, has benefited more than Ripple co-founder Chris Larsen, who is currently the firm’s executive chairman and formerly served as its CEO. Citing a source at Ripple, Forbes reports that Larsen personally owns 5.19 billion XRP and has a 17 percent stake in the company, which is currently holding 55 billion XRP in escrow. Based on the value of these holdings, Larsen is worth at least $55.8 billion, an estimate that excludes Ripple’s value as a company apart from its XRP balance. According to Bloomberg’s Billionaires Index , this makes Larsen the eighth-wealthiest person in the world, ranking him just ahead of Google co-founder Larry Page and a few billion dollars behind ...
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