Chinese Cryptocurrency Enterpreneurs are now Billionaries in the global market

One of the most promising cryptocurrency startup market in the world, China has finally made its mark on the world. Chinese entrepreneurs have finally made it on to the list of country’s billionaire for the first time.

Hurun, an organization in China keeps a track of the high net-worth individuals of the country. On Wednesday, it released a list of the richest executives in China. It only contained the name of those with worth at least 2 billion yuan or $288 million.

In the list of wealthiest cryptocurrency enterpreneur, Zhan Ketuan, the chairman and co-founder of the five-year-old Beijing based firm, Bitmain, is the only one to be ranked in 100 richest in China. Bitman is ranked 95th in China, with 29.5 billion yuan ($4.25 billion). He is followed by his co-founder in Bitmain, Wu Jihan, with worth 16.5 billion yuan ($2.38 billion).

The list is followed by the founders of other cryptocurrency exchanges. Binance’s Zhao Changpeng ($2.1 billion), Huobi’s Li Lin ($1.4 billion) and OKCoin’s Star Xu ($1 billion) are next on the list.

A little close to Star Xu is the Crypto investor cum former English Teacher, Li Xiaolai with $1 billion.

It has been noted that the 6 out of the 13 crypto executives are from Bitmain. 3 are from Bitmain’s rival chip maker Canaan Creative.

But well, who tops the list? None other than Alibaba’s Jack Ma is sitting on top of the Hurun List with an approximate worth of 270 billion yuan, or $39 billion.
Source- CoinDesk

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Written by Kishan Jhunjhunwala

With roots in Patna, I am a Mechanical Engineer currently employed in Jabalpur. Working as a Senior Engineer in Heavy Machines Sales, I have been associated with different blog sites in different categories for over a year now. The categories include comics, sitcoms, movies and talent acquisitions.

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