Ever since 1982, Forbes has been releasing an annual list of the 400 wealthiest Americans, all of whom are, of course, billionaires. But on Tuesday, the magazine released a new list, one that is indicative of the times we’re living in: the wealthiest people in cryptocurrency.
Because cryptocurrency is, by nature, an encrypted payment system, the net worth of these bitcoin moguls isn’t as easy to ascertain as those who made their millions the old-fashioned way. And, indeed, the magazine admitted the “near certainty that we’ve missed some people and that some of our estimates are wide of the mark.”
But Forbes described what sounds like as diligent of a process as possible in gathering the numbers, which they said were based on “estimated holdings of cryptocurrencies (a few provided proof), post-tax profits from trading crypto-assets and stakes in crypto-related businesses,” with prices locked on Jan. 19, 2018. All 19 of the people on their list had to have made at least $350 million to make the cut, which isn’t too shabby for a new financial system.