The Forbes annual ranking of the wealthiest individuals in the crypto industry highlights Changpeng Zhao and Brian Armstrong as the richest figures. Zhao, also known as CZ, is at the top of the list with a fortune estimated at $33 billion, despite facing legal issues and leadership changes at Binance. On the other hand, Brian Armstrong, the CEO of Coinbase, follows Zhao with a net worth of $11.2 billion due to the surge in Coinbase's stock price.

Tether Billionaires

High-ranking positions on the Forbes list are held by individuals connected to Tether, the stablecoin issuer. CFO Giancarlo Devasini ranks third with a net worth of over $9.2 billion, primarily stemming from his stake in Tether. Other Tether executives like CEO Paolo Ardoino, CEO Jean-Louis van der Velde, and general counsel Stuart Hogner also feature on the list with varying net worths.

More Crypto Names on the Forbes Billionaires List

Additional notable figures in the crypto industry on the Forbes billionaires list include Ripple's co-founder Chris Larsen, the Winklevoss twins, Michael Novogratz, Tim Draper, and others. Each individual has amassed significant wealth through their involvement in cryptocurrencies, exchanges, investments, and related ventures.