Chris Larsen net worth is officially around $2.1 billion. He is an American businessman and angel investor. Chris was born in San Francisco, California in 1960. It is known that he co-founded several good-standing Silicon Valley technology startups like Prosper Marketplace (2006), Ripple Labs, Inc. (2012), OpenCoin (2012), and he co-founded the “Californians for Privacy Now Coalition” in 2001. He was also a member on the boards of Credit Karma, Betable, Qifang, and the Electronic Privacy Information Center.
The most important companies for Chris Larsen’s current net worth are Ripple, Prosper, and Eloan.
Chris co-founded is the Ripple. It is a cryptocurrency and payment network meant for global transactions. Prosper, on the other hand, is a peer-to-peer lending marketplace. And Eloan is an online platform for lending.
Chris Larsen Net Worth: $2.1 billion
Chris Larsen Personal Life
Chris Larsen was born in San Francisco in 1960. He earned his B.S. from San Francisco State University in 1984 and his M.B.A. from Stanford Graduate School of Business in 1991. After that, he began working for Chevron doing financial audits in Brazil, Ecuador, and Indonesia. His wife Lyna Lam owned Café Panini in Berkeley and according to a 2004 SFSU profile, the couple was “helping members of a Cambodian Buddhist community in San Jose in their effort to obtain a space to build a Buddhist temple.
Chris Larsen’s mother worked as a freelance illustrator, and his father worked as an aircraft mechanic for United Airlines at San Francisco International Airport.
Chris Larsen Net Worth Skyrocketed At the Beginning of 2018
In 2017, Chris Larsen’s wealth grew a massive 37,900% and he might be worth even more than Google founders. At the very beginning of 2018, for a brief moment, he was one of the five richest people in America when Ripple’s currency (the company that he co-founded) XRP traded at a high of $3.84 on January 4, 2018. At the moment of writing this text, Ripple currency XRP stands at $0.538. That means that Chris Larsen net worth was higher than Facebook founder Mark Zuckerberg, and ahead of Google co-founders Larry Page and Sergey Brin. Chris’s worth was around $60 billion.
However, the thing with cryptocurrencies is that they “easy come, easy go”. The markets went down really hard this year, and bitcoin lost its value to a half. Some of the wealthiest investors went down with these currencies. Chris is maybe the one that was hit the most with this decline.
Chris Larsen net worth was at its peak at the beginning of 2018. In January, his fortune was estimated at around $20 billion. The largest part of it was derived from his 5.2 billion XRP which is the token of his company “Ripple”. That company controls 61 billion of the 100 billion XRP in supply. The official net worth is mostly calculated by his 17% stake in Ripple or in other words, it is based solely on the XRP he owns personally.