Bitmain founders are on Forbes' 2019 list of billionaires

06 Mar, 2019 | Updated: 06 Mar, 2019
by Fifi Arisandi
Bitmain founders are on Forbes' 2019 list of billionaires

Forbes' released its latest list of billionaires, Bitmain founders are the only crypto business people included in the list.  

Forbes’ 2019 list of billionaires is out and with the crypto market hasn’t moved on from the bear’s dominance, many may wonder if there are any crypto business people included in the list.

Well, the answer is yes, there are. Both Bitmain founders' name can be found on the list, despite the reported struggle and the negative news on the company lately.

Read more: An insider with Bitmain says its crypto holdings are down over 90%

In fact, Jihan Wu made it to the list for the first time as a self-made billionaire, whose source of wealth comes from cryptocurrency mining chips.

According to Forbes, as per February 8th, the 33-year-old has $1.5 billion of fortune, which put him at #1511 on the list and at the same time, included in the under-40 class.

Read more: Is Jihan Wu leaving Bitmain to start a new company?

Micree Zhan, on the other hand, is ranked slightly better than his fellow founder. He is at #838 with $2.7 billion of fortune, although he couldn’t make the under-40 cut.

Additionally, for Zhan, this is not the first time he’s included in such list since he was ranked 72 on Forbes’ 2018 China Rich List.

The news may come as a surprise considering the struggle and the negative rumors that have been hovering around the company these days.

Read more: Bitmain responds to $500 million loss: "the rumors are not true"

On a different point of view, imagine how both could have ended up on the list has the crypto market been doing well in the last one year.

Lastly, aside from the Bitmain founders, there are no other crypto-business people included in the list.

That said, there are quite many names from the IT industry, such as Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Alphabet’s Larry Page & Sergey Brin, Alibaba’s Jack Ma, Stripe’s John Collison and Snap’s Evan Spiegel.

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