Brian Armstrong is an American businessman and investor. He is best known as the CEO of the Coinbase cryptocurrency trading platform. Brian was recently named the 73rd richest person in the world. As of 2021, Brian Armstrong’s net worth is estimated at $12.6 billion.
|Full Name||Brian Armstrong|
|Birth Date||January 25, 1983|
|Birth Place||San Jose, California, United States|
|Net Worth||$12.6 billion|
Brian Armstrong was born on January 25, 1983 in San Jose, California, United States. His mother and his father are engineers. He attended Rice University, where he earned a bachelor’s degree in economics and computer science. In 2006 he obtained a master’s degree in computer science.
Brian launched an online tutor directory called UniversityTutor.com while at Rice University. He worked for an online catalog for about ten years. Also, after graduating from the Rice School, he went to the beautiful Argentine city of Buenos Aires. There he worked for an educational company.
Brian Armstrong’s Net Worth and Career
Brian’s early professional experience includes working as a developer at IBM. Brian delved into bitcoin in 2010 while working as a consultant at Deloitte. In fact, he was reading a bitcoin white paper published by the cryptocurrency’s mysterious founder, Satoshi Nakamoto.
Brian started working for Airbnb in 2011 as a software developer. He worked for the company for almost a year. At that time he saw the difficulties of payment systems in 190 countries of the world. At that time, the buying and selling process was extremely complicated. He then began working on code that could make it easier to buy and sell cryptocurrencies.
Some time later, he met Fred Ersam on the Bitcoin subreddit. Together with him, she decided to create a cryptocurrency trading platform. In 2012 they founded the cryptocurrency trading company Coinbase. They raised $150,000 from tech incubator Y Combinator to start their business. Within a year, they had $25 million under management and their business was valued at $143 million.
Brian was the CEO and his partner Fred was the president of the company. However, in 2017, Fred stepped down from his position but remained a member of the board and owns 9% of the shares.
Brian currently owns a 20% stake in the company. His company, Coinbase, generated sales of $1.28 billion in 2020. Similarly, the company posted a profit of $700-800 million in the first quarter of 2021. Coinbase recently debuted on the NASDAQ at $380 per share. To date, more than 50 million people use Coinbase to buy and sell cryptocurrencies like Bitcoin and Ethereum.
Brian Armstrong’s personal life
Brian Armstrong has kept quiet about his personal life for now. Whether married or alive, celibacy remains a mystery. He also made his Instagram account private. He doesn’t seem to want people to know about his daily life.
Brian steadfastly refused to allow a colleague to discuss political and social issues in his office. He is also an active supporter of the Black Lives Matter movement. He joined the movement shortly after George Floyd was shot dead.
The fate of Brian Armstrong
Brian Armstrong’s personal fortune for 2021 is estimated at approximately $12.6 billion. He tops the Crypto Rich list as of February 2021 with an estimated net worth of $6.5 billion. Brian does charity work through The Giving Pledge. He has also developed charitable activities with GiveCrypto.org, which allows people to anonymously donate a certain amount to help people living in poverty.