The CEO of the largest cryptocurrency exchange platform in the United States topped the list of billionaires in the global industry, according to the Chinese research institute Huron.

Huron’s latest report, released on March 2, provides a snapshot of the world’s richest people, saying that the number of billionaires in the world has grown by almost 50% to more than 3,000 in the last five years. The report includes 17 “blockchain billionaires” or industry leaders who as of January 2021 earned their fortune “mainly through cryptocurrency.”

According to the report, Coinbase CEO Brian Armstrong is the world’s largest cryptocurrency billionaire, and his net worth has grown tenfold from $ 1 billion last year.

According to Huron, Armstrong’s net worth is estimated to be about $ 11.5 billion ahead of Coinbase’s next public offering. The company officially announced its IPO plans in December 2020 in a draft sent to the US Securities and Exchange Commission.

Sam Bankman-Freed, founder and CEO of Alameda Research and FTX Exchange, is ranked number two on the list of the richest blockchain billionaires with a net worth of $ 10 billion. The CEO is a new member of the Hurun list after FTX’s explosive growth in 2020.

Changpeng Zhao, CEO of the world’s largest currency exchange platform Binance, came in third with a total net worth of $ 8 billion, more than 200% compared to last year. In 2020, Zhao was named the richest cryptocurrency billionaire on Hurun’s list, overtaking Bitmain co-founder Mikri Zhang Ketuan.

Huron’s new blockchain billionaire list includes a number of major players in the industry such as Chris Larsen, co-founder of Stellar, Jade McCallb, CEO of Cryptocurrency Group, Barry Silbert, the Winklevoss brothers, Michael Sailor, CEO of MicroStrategy and others. There are a total of 11 new players on the list, including major industrial investor Tim Draper, Galaxy Digital founder and CEO Michael Novogratz.