Coinbase CEO is now one of the richest people in the world

On Wednesday, the Cryptocurrency exchange company went public with a valuation of over a 100 billion dollars which made the CEO of Coinbase Inc, Brian Armstrong one of the richest people in the world.

His ownership of just about 40 million shares became worth about $16 billion.

Coinbase, which was founded I’m 2012 helps users buy, sell, and store cryptocurrencies, such as bitcoin and ethereum. His company has recently grown in popularity following the rise in interest of cryptocurrencies, particularly bitcoin and Ethereum which has soared during the pandemic.

Brian still isn’t as high-profile as the company he controls. The 38-year-old had worked as a software engineer at Airbnb for about a year beginning in 2011 and before to that, he was CEO and founder of UniversityTutor.com, an online tutoring directory for nearly a decade. He’s received a master’s degree in computer science at Rice University.

Armstrong is an active Twitter user with about 550,000 followers. He rarely speaks publicly — in fact, it was Coinbase Chief Financial Officer Alesia Haas, not Armstrong, that spoke with CNN about the company’s public debut.

If Coinbase’s public debut goes as planned, Armstrong will enter within the top 250 of the Bloomberg’s Billionaire Index.