Coinbase’s CEO Has Lost $10 Billion in Net Worth in 7 Months |
Brian Armstrong has fallen off of Bloomberg’s Billionaires Index, a list of the world’s 500 richest people.
BY BRIAN CONTRERAS, STAFF WRITER @_B_CONTRERAS_
Coinbase CEO Brian Armstrong. Illustration: Inc.; Photo: Getty Images
How bad has the recent cryptocurrency crash been for investors in crypto? To get a sense of the scale of the losses, look no further than Brian Armstrong, CEO of the cryptocurrency exchange Coinbase. One of the most prominent advocates in the world for cryptocurrency —and one of the global crypto industry’s most public figures—Armstrong has seen his personal wealth plummet by more than $10 billion as of Tuesday evening, down from a high of almost $18 billion last summer, Bloomberg reports.
Armstrong, who was on the cover of Inc. in 2021 after Coinbase was named the........