http://markets.businessinsider.com/...ris-larsen-worth-37-billion-2018-1-1012408621 Ripple's 37,000% rise has made its co-founder one of the world's richest people Chris Larsen, the co-founder and former CEO of Ripple owns 5.19 billion XRP, Forbes reported Tuesday. That stash, plus a 17% stake in the company, means he could be worth $37.3 billion.
PFFFT! What an exaggeration. With XRP @ $2.40, his Ripple holdings worth only $12.45B. What a schlock! (Or does he have another $25B elsewhere??)
OK.. fool I am. I (quickly viewed and missed the point) about his "17% ownership in the company". I erroneously got that he owned "17% of the float". I didn't understand that "the company" could be so much more than the $$ value of the float. (Unless the company holds a TON coins and he owns a significant share of the company, how could the company be worth so much? What assets would they have?? The "company" is more like a P.O. box, a few desks and chairs in a $200/mo rental co-op... maybe not even that much. How could that be worth $25B, let alone his share of it?) A thousand gomens! (Besides.... it was a tongue-in-cheek joke attempt ... which you didn't catch, BTW... that he is "such a POOR BASTARD WITH ONLY $12.5B instead of $37B). So, don't we both "wear a little egg"?