Brian Armstrong, Coinbase's CEO, is now one of the richest people on Earth
CNN
The billionaires club got bigger Wednesday with Coinbase CEO Brian Armstrong joining the coveted coven.
He runs the cryptocurrency exchange company that went public at a valuation of about $100 billion. That turned Armstrong into an instant mega-billionaire: His roughly 40 million shares became worth about $16 billion. Founded by Armstrong in 2012, Coinbase helps users buy, sell, and store cryptocurrencies, such as bitcoin and ethereum. His company has recently grew in popularity following the rise in interest of cryptocurrencies -- particularly bitcoin, which has soared during the pandemic.
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