Techie + Gamers
    • Entertainment
    • Gaming
    • Tech
    • Social Media
    • About Us
    Techie + Gamers
    Home»Tech»Chris Larsen Net Worth – The Story of Ripple’s Billionaire Co-Founder
    Tech

    Chris Larsen Net Worth – The Story of Ripple’s Billionaire Co-Founder

    Simeon GanzalloBy Simeon GanzalloSeptember 1, 2023
    Chris Larsen
    Image: SFSU

    Popularly known for co-founding the company responsible for creating Ripple (XRP), Chris Larsen is a seasoned angel investor and corporate executive who made his money in various tech startups in Silicon Valley. According to Forbes, Chris Larsen has a net worth of $2.6 billion in 2023.

    Early Life

    Larsen was born on November 30, 1960, in San Francisco, California. His mother was a freelance illustrator, and his father was an airplane mechanic for United Airlines.

    After completing high school, he attended San Francisco State University to study international business and accounting, earning his bachelor’s degree in 1984. As a fresh faced graduate Chris worked as an auditor for Chevron. In 1991, he picked up his MBA from Stanford Graduate School of Business.

    Business Career

    Chris started working for a mortgage lender, but quit in 1992 to start a mortgage business of his own with a colleague named Janina Pawlowski. They launched E-Loan, one of the first online mortgage lenders in the US.

    He served as the chairman and CEO and stepped down from his position in 1995 to start the lending firm Prosper Marketplace. Later that year, E-Loan was sold to Banco Popular.

    With Prosper Marketplace, Chris Larsen became known as a top player in the peer-to-peer lending space. He was the company’s CEO until he resigned in 2012. However, he remained chairman of the business.

    Foray into the Crypto Industry

    In 2012, Larsen made a strategic move into the crypto industry by co-founding tech company OpenCoin. The company worked on Ripple, a groundbreaking payment protocol that enabled immediate money transfer between two parties.

    The following year, the company underwent a rebranding exercise to become Ripple Labs, Inc., and launched its own crypto token, XRP. For a time in 2014, XRP was second only to Bitcoin in terms of market capitalization.

    In 2022, Larsen made headlines with his views on Bitcoin’s environmental impact, urging the leading crypto to adopt more eco-friendly mining practices. Despite facing criticism, Larsen continues to advocate for sustainable practices in the crypto industry. To further this cause, he established the Larsen Lam Climate Change Foundation.

    Net Worth and Earnings

    Larsen’s wealth stems from various sources. His early business ventures, including E-Loan, from which he reportedly owned a 40% stake alongside Pawlowski prior to its sale, have yielded significant returns. His position as chairman of Prosper Marketplace also commanded a substantial salary.

    He has a 17% stake in Ripple Labs, Inc. But that’s not the only way he earns from crypto. He also has a personal holding of 5.19 billion XRP. As a result his wealth fluctuates wildly. Currently, he’s worth an impressive $2.6 billion.

    Personal Life

    The billionaire tech entrepreneur, crypto advocate, and environmentalist is happily married to his wife, Lyna Lam. The couple have two children together. Their family resides in a large estate in The Highlands community in Seattle, Washington.

    Crypto
    Share. Facebook Twitter
    Simeon Ganzallo
    Simeon Ganzallo
    • LinkedIn

    Simeon Ganzallo is a versatile writer with five years experience contributing to established publications across entertainment, celebrity, lifestyle and crypto. In his free time, he enjoys listening to music and reading.

    Leave A Reply Cancel Reply

    Editors' Picks
    Top 20 Richest YouTubers Updated for 2023
    July 31, 2023
    Top 10 Most Successful Shark Tank Products
    September 3, 2023
    What Happened to Erik Per Sullivan? Dewey from Malcolm in the Middle
    June 13, 2023
    Techiegamers.com

    Email: [email protected]
    1968 S. Coast Hwy #675
    Laguna Beach CA 92651
    (949) 799-2165

    Facebook Twitter Instagram LinkedIn
    Popular posts
    • Diana and Roma Net Worth 2023: How Rich are the…
    • Morninghead Net Worth – Shark Tank Update for 2023
    • Keemokazi Net Worth – How Wealthy is Kareem Hesri?
    • Who is Ash Kaashh and Why She is Famous?
    • Scholly Net Worth 2023 – What Happened After…
    © 2023 TechieGamers LLC
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms of Use
    • DMCA
    • Ownership Policy
    • Fact Checking Policy
    • Careers

    Type above and press Enter to search. Press Esc to cancel.