The biggest names in the crypto industry are swimming in cash in 2024 as most assets surge. Bitcoin soared to a record high of $69,300 on Tuesday, capping a spectacular recovery that started in January last year when it was trading below $20k.
Bitcoin’s surge has triggered a sharp increase in other altcoins like Binance Coin (BNB), Tron, BitTorrent (BTT), Solana, and Avalanche. As a result, the total market cap of all cryptocurrencies has surged to over $2.4 trillion.
Justin Sun, one of the richest people in crypto, has seen his net worth jump. This happened as the value of his top tokens like TRX, BTT, and Bitcoin jumped. Data compiled by Arkham Intelligence shows that his total crypto holdings are worth over $1.2 billion.
The biggest holdings in Justin Sun’s portfolio are TRX, USDD, BTT, USDJ, Bitcoin, stETH, and stUSDT. He holds Bitcoins worth over $87 million.
Justin Sun is much richer than that because of his other investments. For example, he is believed to be one of the top investors in HTX, one of the biggest crypto exchanges in the world. He has also invested in tens or hundreds of crypto projects. These holdings have likely soared during this crypto bull run.
Michael Saylor’s net worth has also soared to over $2.4 billion in 2024. Most of Saylor’s net worth comes from his investments in MicroStrategy, the company he founded. MicroStrategy has become the biggest investor in Bitcoin worldwide. As a result, its stock has surged, giving it a market cap of over $22 billion.
Michael Saylor has also bought vast amounts of Bitcoins on a personal level. While the number is not public, it is believed to be in the thousands. In 2020, he bought about 17,730 coins. If he still holds these coins, their valuation is worth over $1 billion.
Changpeng Zhao (CZ), the embattled founder of Binance, is also doing well financially this year. Data compiled by Bloomberg shows that his net worth has risen by over $1.7 billion this year and sits at over $36 billion. This makes him the 39th biggest person in the world and the richest in Canada.
CZ’s net worth has risen because of the estimated valuation of Binance. As a private company, its numbers are not well-known. However, since Coinbase stock has jumped by 24% in 2024 and by 245% in the past 12 months, it means that Binance has also seen its valuation jump.
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