RATE Group | The Cryptocurrency Billionaire Club | The Daily Hodl
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The Cryptocurrency Billionaire Club | The Daily Hodl

12 Aug The Cryptocurrency Billionaire Club | The Daily Hodl

Posted at 00:43h in Cryptocurrency News by

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Cryptocurrency is full of get rich quick stories. There is a new class of people entering the ‘3 Comma Club’ who have earned their wealth through cryptocurrency. We’ll take a look at who they are and how they made their fortune:

Chris Larsen – Total Wealth From Crypto: $4.1 Billion+
Source: LinkedIn

Back when the internet was still in its infancy, Chris co-founded E-Loan in 1992 and entered the mortgage business. Mr Larsen was frustrated by the inefficient mortgage industry and saw the internet as a new tool to circumvent agent fees and commission.

In 1998, Intuit and Yahoo came in with offers for for E-Loan. Chris and his business partner opted for the lower Yahoo offer of $25 million for a 23% stake in the business as this ensured they retained control of the business.

By 1999, E-Loans had 25% of the online mortgage market and commanded an estimated valuation of $1 billion. In the early 2000’s, the pro consumer Chris…

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