Coinbase CEO's wealth has fallen out of the top 500 of the world's richest people, shrinking by more than $10 billion in seven months.

PANews reported on February 11th that, according to Bloomberg, Coinbase CEO Brian Armstrong's wealth has fallen out of the top 500 of the world's richest people as cryptocurrency prices continue to decline. According to the Bloomberg Billionaires Index, his net worth has shrunk by over $10 billion in seven months, from a peak of $17.7 billion to approximately $7.5 billion. Armstrong holds about 90% of his wealth in his 14% stake in Coinbase. The stock has fallen about 60% since its peak on July 18th last year, with a single-day drop of 2.8% on Tuesday.

Other cryptocurrency billionaires have also seen their wealth shrink significantly. The Winklevoss brothers, co-founders of Gemini, saw their net worth drop from $8.2 billion in October of last year to $1.9 billion. Galaxy Digital CEO Michael Novogratz's net worth fell from a peak of $10.3 billion to $6.2 billion. Strategy founder Michael Saylor's net worth has evaporated by about two-thirds since its July 2025 peak, currently standing at approximately $3.4 billion.