Chris Larsen just broke into the global top‑200 richest people, and it happened fast.The move came after the U.S. government and Wall Street shifted their tone toward crypto. The Securities and Exchange Commission ended its five‑year lawsuit against Ripple back in August, clearing a major weight off the company. Then this Wednesday in San Francisco, investors tied to Fortress Investment Group and Citadel Securities put $500 million into Ripple, valuing the company at $40 billion, according to Bloomberg. The timing was almost rude. The new valuation plus a roughly 9% rise in XRP this year pushed Chris into billionaire territory with a net worth of $15.3 billion, placing him among the world’s richest for the first time. Most of that wealth comes from his 18% stake in Ripple and his 2.7 billion XRP tokens worth about $6.3 billion as of Wednesday. He also holds $1.8 billion in real estate and assorted investments. That breakdown was confirmed directly to Bloomberg. Born in San Francisco and raised in Cupertino, Chris is 64, and has been building companies since the 1990s, long before crypto existed. He went to San Jose State at first to study aeronautics. Chris switched to business, transferred to San Francisco State, and graduated with accounting and business administration degrees in 1984. He then worked as an auditor at Chevron before earning an MBA from Stanford. Building companies and building wealth The first time Chris made real noise was in 1996 when he co‑founded E‑Loan, the first platform to show consumer credit scores online. He sold it nine years later to Popular Inc. for $300 million. After that, he created Prosper Marketplace, a group‑lending platform partly inspired by his wife’s background in Cambodia. He stepped away from Prosper in 2012. A few months later, he co‑founded OpenCoin, which became Ripple. The company focused on cross‑border payments using XRP. Chris led it as CEO until 2016, then moved into the chairman role. His work now also stretches into local issues. With his wife, Lyna Lam, he supports Cambodian community projects, climate efforts, food access, and San Francisco’s neighborhood revival. The pair founded the A Khmer Buddhist Foundation and are helping fund a new temple in San Jose. Locally, Chris has been politically active for years. He funded a private camera network in San Francisco to combat property crime and recently gave $9.4 million to help the city build a real‑time police operations center. Ripple, meanwhile, is not going public anytime soon, as was reported by Cryptopolitan. When asked Wednesday, Ripple President Monica Long said, “No plan, no timeline.” Crypto markets shake while fortunes shift While Chris climbs the billionaire rankings, crypto trading is showing the opposite energy. On Hyperliquid, one wallet opened two heavy short positions against Bitcoin and XRP totaling $140 million. That trader is now up $3.1 million in about nine hours. The wallet was funded with $7 million USDC routed through an Arbitrum wallet that redeemed from a zero address, making the source hard to trace. Observers are already speculating insider knowledge. This reminds traders of the alleged “Trump insider whale” who reportedly made almost $200 million by shorting before the $19 billion liquidation crash on October 10. Someone linked to that wallet denied having inside info, even though the shorts lined up exactly before former President Trump’s tariff threat tanked markets. Bitcoin has been sliding. It dropped 7.4% on Tuesday in New York to $96,794, its first fall below $100,000 since June. That puts it more than 20% below last month’s record high. Ether dropped up to 15%, and several altcoins lost 50% this year. Many traders stayed sidelined after the October liquidation wave. Open interest in Bitcoin futures is still low. Even though funding rates look favorable, few are stepping back in. Bitcoin is up less than 10% this year, trailing stocks and failing to hedge portfolios. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.Chris Larsen just broke into the global top‑200 richest people, and it happened fast.The move came after the U.S. government and Wall Street shifted their tone toward crypto. The Securities and Exchange Commission ended its five‑year lawsuit against Ripple back in August, clearing a major weight off the company. Then this Wednesday in San Francisco, investors tied to Fortress Investment Group and Citadel Securities put $500 million into Ripple, valuing the company at $40 billion, according to Bloomberg. The timing was almost rude. The new valuation plus a roughly 9% rise in XRP this year pushed Chris into billionaire territory with a net worth of $15.3 billion, placing him among the world’s richest for the first time. Most of that wealth comes from his 18% stake in Ripple and his 2.7 billion XRP tokens worth about $6.3 billion as of Wednesday. He also holds $1.8 billion in real estate and assorted investments. That breakdown was confirmed directly to Bloomberg. Born in San Francisco and raised in Cupertino, Chris is 64, and has been building companies since the 1990s, long before crypto existed. He went to San Jose State at first to study aeronautics. Chris switched to business, transferred to San Francisco State, and graduated with accounting and business administration degrees in 1984. He then worked as an auditor at Chevron before earning an MBA from Stanford. Building companies and building wealth The first time Chris made real noise was in 1996 when he co‑founded E‑Loan, the first platform to show consumer credit scores online. He sold it nine years later to Popular Inc. for $300 million. After that, he created Prosper Marketplace, a group‑lending platform partly inspired by his wife’s background in Cambodia. He stepped away from Prosper in 2012. A few months later, he co‑founded OpenCoin, which became Ripple. The company focused on cross‑border payments using XRP. Chris led it as CEO until 2016, then moved into the chairman role. His work now also stretches into local issues. With his wife, Lyna Lam, he supports Cambodian community projects, climate efforts, food access, and San Francisco’s neighborhood revival. The pair founded the A Khmer Buddhist Foundation and are helping fund a new temple in San Jose. Locally, Chris has been politically active for years. He funded a private camera network in San Francisco to combat property crime and recently gave $9.4 million to help the city build a real‑time police operations center. Ripple, meanwhile, is not going public anytime soon, as was reported by Cryptopolitan. When asked Wednesday, Ripple President Monica Long said, “No plan, no timeline.” Crypto markets shake while fortunes shift While Chris climbs the billionaire rankings, crypto trading is showing the opposite energy. On Hyperliquid, one wallet opened two heavy short positions against Bitcoin and XRP totaling $140 million. That trader is now up $3.1 million in about nine hours. The wallet was funded with $7 million USDC routed through an Arbitrum wallet that redeemed from a zero address, making the source hard to trace. Observers are already speculating insider knowledge. This reminds traders of the alleged “Trump insider whale” who reportedly made almost $200 million by shorting before the $19 billion liquidation crash on October 10. Someone linked to that wallet denied having inside info, even though the shorts lined up exactly before former President Trump’s tariff threat tanked markets. Bitcoin has been sliding. It dropped 7.4% on Tuesday in New York to $96,794, its first fall below $100,000 since June. That puts it more than 20% below last month’s record high. Ether dropped up to 15%, and several altcoins lost 50% this year. Many traders stayed sidelined after the October liquidation wave. Open interest in Bitcoin futures is still low. Even though funding rates look favorable, few are stepping back in. Bitcoin is up less than 10% this year, trailing stocks and failing to hedge portfolios. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.