RICH LIST

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

Obsession
Future of Finance
Obsession
Future of Finance

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.”

Rank Name Net Worth Age Source
238 Marian Ilitch $6 billion 84 Pizza, sports team
238 Ann Walton Kroenke 6.0 68 Wal-Mart
238 Jay Y. Lee 6.0 49 Samsung
238 Pan Zhengmin 6.0 47 Electronics
238 Finn Rausing 6.0 62 Packaging
238 Kirsten Rausing 6.0 65 Packaging
238 Dennis Washington 6.0 83 Construction, mining
238 Xu Chuanhua 6.0 82 Chemicals, logistics
247 Satoshi Nakamoto 5.9 Software
247 Francis Choi 5.9 70 Real estate
247 Erivan Haub 5.9 85 Retail
247 Wei Jianjun 5.9 53 Automobiles
250 Gautam Adani 5.8 55 Commodities, ports
250 Mike Adenuga 5.8 64 Telecom, oil
250 Maria Asuncion Aramburuzabala 5.8 54 Beer, investments
250 Daniel Gilbert 5.8 55 Quicken Loans
250 John Gokongwei, Jr. 5.8 91 Food and beverage
250 Gong Hongjia 5.8 52 Investments
250 Charles Johnson 5.8 84 Money management
250 Ian & Richard Livingstone 5.8 Real estate
250 Hiroshi Mikitani 5.8 52 Online retail
250 Augusto & Giorgio Perfetti 5.8 Candy
250 Joseph Tsai 5.8 53 E-commerce

Source: Forbes

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