Chris Larsen, co-founder and chairman of Ripple, has seen his net worth surge to $15.3 billion, catapulting him into the global top 200 richest individuals. This increase follows a $500 million capital injection from Fortress Investment Group and Citadel Securities, valuing Ripple Labs at $40 billion.
The digital asset XRP is currently trading at $2.22, its highest price since 2021, driven by regulatory clarity from the August 2023 SEC settlement and Ripple's expanding cross-border payment integrations. Larsen holds approximately 2.7 billion XRP tokens worth around $6.3 billion, combined with an 18% stake in Ripple and $1.8 billion in real estate and other investments.
RippleNet now facilitates billions of transactions annually, with growing partnerships in Asia and Europe, contributing to XRP's market capitalization nearing $120 billion. However, Larsen faced criticism for selling $120 million in XRP in October 2025, raising concerns about executive sales impacting prices, though no wrongdoing was established.
In comparison, Bitcoin creator Satoshi Nakamoto's estimated holdings of 1.1 million BTC are worth about $112 billion, and analysts note XRP would need to increase nearly 20-fold for Larsen to surpass that. Ripple President Monica Long confirmed no immediate plans for an IPO, while broader crypto markets experienced volatility, with Bitcoin dropping below $100,000.
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