On Thursday, Ripple co-founder Chris Larsen praised Forbes 400 as the 383rd richest person on Earth.
The addition of Larsen to the list is worthy of note: it is the first person to make the list with a fortune accumulated almost exclusively by cryptocurrencies.
Forbes estimates that Larsen's current equity is $ 2.1 billion. While this may sound like a lot, it's a sharp drop from what Forbes estimated to be Larsen's $ 37.3 billion net worth in January this year.
As co-founder of the Ripple payment network, Larsen has amassed 5.19 billion XRP tokens – the digital token issued by Ripple – since it was founded in 2012. In January, XRP tokens were trading at around $ 2.39 , almost four times as high as Thursday's value of 53 cents.
Today, the $ 2.1 billion Larsen is an impressive but volatile fortune. And Larsen is not the only one to make it big in Ripple's earnings. In January, Ripple's current CEO, Brad Garlinghouse, also had a net worth of $ 9.5 billion. But today, the fortune accumulated by Garlinghouse was not enough to make the list for the Forbes 400 list, for which the minimum bar is $ 2.1 billion.