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Analysis: U.S. election leads to a significant increase in the net worth of Ripple CEO and a16z co-founder

Analysis: U.S. election leads to a significant increase in the net worth of Ripple CEO and a16z co-founder

Bitget2024/12/28 10:47

According to CoinDesk, analysis indicates that XRP rose from $0.5 to $2.32 after the U.S. election, potentially yielding significant gains for Ripple CEO Brad Garlinghouse. According to CoinMarketCap data, XRP has risen 54.7% in the past 30 days and ranks third by market capitalization.

Garlinghouse noted: "Since Trump's victory, the cryptocurrency market cap has grown by over $1 trillion." During the election, Ripple donated $73 million while a16z invested $70 million, including amounts reserved for the next round of elections in 2026. It is reported that Garlinghouse owns more than 6% of Ripple's shares and a large undisclosed amount of XRP tokens. He is also one of America's top billionaires.

This election tripled the value of Garlinghouse's XRP holdings, so his personal wealth is expected to increase significantly as well. On the other hand, a16z co-founders Mark Andreessen and Ben Horowitz hold substantial stakes in cryptocurrency companies; their holdings are expected to exceed funds invested into U.S politics post-election day. However, financial data on a16z’s private company investments are unavailable; thus detailed figures remain unknown.

Previously reported news indicated Coinbase CEO Brian Armstrong sold company stock continuously for several weeks following Trump’s presidential win and pro-cryptocurrency lawmakers' victories—cashing out approximately $437 million total due to optimistic sentiment emerging post-election results—his sold stocks appreciated by about $129 million compared pre-election valuation according latest SEC filings Brian Armstrong still holds over 10% stake within Coinbase with trust fund containing around 24 million shares valued roughly at $6.4 billion—a nearly two-billion-dollar increase since November fifth

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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