What is Chris Larsen's Net Worth?
Chris Larsen is an American businessman and angel investor who has a net worth of $2 billion. Chris Larsen was born in San Francisco, California in 1960. He has co-founded several Silicon Valley technology startups. Larsen co-founded the mortgage lender E-Loan in 1996 and served as the CEO. The company was the first to provide FICO credit scores to consumers for free. Chris Larsen co-founded Prosper Marketplace in 2006 and as CEO until 2012. He co-founded Ripple Labs, Inc. in 2012 and was also CEO. He co-founded the Californians for Privacy Now coalition in 2001. Larsen has served on the board for organizations including Credit Karma, Betable, Qifang, and the Electronic Privacy Information Center. He also co-founded the company OpenCoin in 2012. Larsen earned his B.S. from San Francisco State University and his M.B.A. from Stanford Graduate School of Business. He previously worked for Chevron in Brazil, Indonesia, and Ecuador.
Ripple net worth: Larsen owns 17% of the company that created Ripple (the company that controls 61% of all coins). He also owns an additional 5.19 billion XRP as a personal stake. When the price of Ripple ht $3.84 on January 4, technically speaking Chris was worth $60 BILLION on paper. That's enough to make him one of the 10 richest people on the planet. At one point he was the 7th richest person on the planet ahead of people like Larry Page, Carlos Slim, Larry Ellison and Michael Bloomberg. One month later, Ripple had lost 80% of its value. At that level, Chris was still worth $12 billion. It's not known if Chris has sold any of his Ripple holdings. If he sold a large percent, it would cause a massive dilution in the market.
