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RICH LIST

Bitcoin’s latest record high makes Satoshi Nakamoto the 247th richest person in the world

Bitcoins are seen in this illustration picture
Reuters/Dado Ruvic
This stash is worth a lot.
  • Joon Ian Wong
By Joon Ian Wong

Technology Reporter

Published This article is more than 2 years old.

Bitcoin recorded a new high today, hitting $5,991 on the benchmark CoinDesk price index. On major exchanges like Bitfinex and Bitstamp, the price briefly crossed $6,000 intraday.

While bitcoin bulls celebrate yet another milestone for the cryptocurrency, there is one major beneficiary to what has essentially been a nine year-long rally: bitcoin’s inventor, Satoshi Nakamoto. The pseudonymous creator is estimated to own 980,000 bitcoins, amassed from mining the cryptocurrency in its early days. The stash has remained untouched for years.

What is that worth today? At $6,000 a coin, Satoshi would be worth $5.9 billion. That would put him/her/they at number 247 on Forbes’ list of the world’s richest people. Satoshi is just below Wal-Mart heiress Ann Walton Kroenke and Samsung scion Jay Lee; and above Alibaba’s Joseph Tsai and María Asunción Aramburuzabala, who inherited the Corona brewery fortune.

That’s a good return for writing a piece of nine-year-old, open-source software. And arguably, even $5.9 billion is too small a reward for inventing “magic internet money.”

RankNameNet WorthAgeSource
238Marian Ilitch$6 billion84Pizza, sports team
238Ann Walton Kroenke6.068Wal-Mart
238Jay Y. Lee6.049Samsung
238Pan Zhengmin6.047Electronics
238Finn Rausing6.062Packaging
238Kirsten Rausing6.065Packaging
238Dennis Washington6.083Construction, mining
238Xu Chuanhua6.082Chemicals, logistics
247Satoshi Nakamoto5.9Software
247Francis Choi5.970Real estate
247Erivan Haub5.985Retail
247Wei Jianjun5.953Automobiles
250Gautam Adani5.855Commodities, ports
250Mike Adenuga5.864Telecom, oil
250Maria Asuncion Aramburuzabala5.854Beer, investments
250Daniel Gilbert5.855Quicken Loans
250John Gokongwei, Jr.5.891Food and beverage
250Gong Hongjia5.852Investments
250Charles Johnson5.884Money management
250Ian & Richard Livingstone5.8Real estate
250Hiroshi Mikitani5.852Online retail
250Augusto & Giorgio Perfetti5.8Candy
250Joseph Tsai5.853E-commerce

Source: Forbes

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