PANews reports on February 27 that, according to Forbes, secondary market trading indicates that the valuation of stablecoin issuer Tether could be as high as $375 billion, placing its owners among the world’s wealthiest. Industry sources say Tether’s trading price range in the secondary market is between $350 billion and $375 billion. Based on conversations with cryptocurrency investors and executives, Forbes currently estimates Tether’s valuation at around $200 billion, still far above the $50 billion valuation from a year ago.
With a $200 billion valuation, CFO Giancarlo Devasini’s stake of about 44-45% would be worth approximately $89 billion. CEO Paolo Ardoino and former CEO Jean-Louis van der Velde each hold about 19%, with their net worth around $38 billion. General Counsel Stuart Hoegner owns about 12%, with a net worth close to $25 billion.
If calculated at the lower end of the secondary market valuation of $350 billion, Devasini’s stake would be worth over $156 billion, enough to rank among the world’s top ten billionaires, surpassing Warren Buffett’s current net worth of $147.8 billion.
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