Surging Valuation Behind Tether
According to a recent report by Forbes, Tether, the leading stablecoin issuer, may now be valued between $350 billion and $375 billion on secondary markets. This rapid valuation surge positions the company's executives among the world's wealthiest individuals.
Executive Stake Analysis
Based on Forbes' current estimate of approximately $200 billion in valuation, key executives hold significant stakes. Giancarlo Devasini, the CFO with around 44-45% ownership, could see his net worth reach up to $89 billion. CEO Paolo Ardoino and former CEO Jean-Louis Vander Velde each hold about 19%, translating to around $38 billion. General Counsel Stuart Hoegner, with a 12% stake, has an estimated net worth of nearly $25 billion.
Valuation at the Upper Range
If Tether's valuation hits the lower end of the secondary market range at $350 billion, Devasini’s stake alone could exceed $156 billion. This would place him among the top ten richest people globally, surpassing Warren Buffett, whose current net worth stands at $147.8 billion.
- Tether is valued between $350 billion and $375 billion on secondary markets
- Forbes currently estimates the valuation around $200 billion
- Devasini’s stake could reach over $156 billion at the higher valuation
- Such a valuation would place him ahead of Warren Buffett in global wealth ranking
As Tether continues to grow in value, the wealth of its executives is expanding dramatically, highlighting the immense potential of the stablecoin market and reshaping wealth dynamics in the crypto industry.