Brain Armstrong is the CEO of Coinbase, an American crypto exchange company. His estimated net worth in 2023 is around $13 billion.
He is also an author and published multiple books under his name. Besides that, he acted in a documentary and a fiction film.
Brian is one of the youngest billionaires in the world. Due to his status, people are always curious to know about him. If you are one of them, you have come to the right place.
Family and Early Life
Brian Armstrong was born on the 25th of January 1983, in San Jose, California. There’s not much information available about his parents. However, we do know that they both worked as computer engineers. This is where Brian’s interest in computers and programming comes from.
In a podcast interview, Brian credited his parents for encouraging him to study. He also mentioned that they exposed him to programming at an early age.
Although Brian Armstrong is a famous personality, there’s not much known about his personal life. It seems like he is very good at keeping his personal life private.
As far as his relationship status is concerned, he is single and unmarried. It is rumored that Raline Shah is his girlfriend. However, Brian himself has not said anything about his relationship.
Talking about Brian Armstrong educational background comes from a family of engineers. No wonder, he also ended up in the same field.
He attended Rice University, where he studied BA in computer science and economics. He completed his master’s degree in computer science in 2006.
Right after his post-graduation, Brian entered into entrepreneurialism. He founded Edtech, a company that was focused on helping students find the right tutor for themselves in their area.
After moving to Argentina, he started expanding Edtech. In the early days of his career, he worked for companies like IBM and Deloitte.
During his stay in Argentina, he developed an interest in trading. He became familiar with Bitcoin in 2010 when he read the company’s white paper by Satoshi Nakamoto. The next year, he secured a job as a software engineer at Airbnb. During this time, he learned how difficult it is to transfer money to South America. This is when he conceived the idea of a crypto-based workaround.
In 2012, he started working at Coinbase. He secured $150,000 as an investment after joining the Y Combinator startup accelerator.
In 2018, the value of the company reached $8.1 billion. By 2020, he made the company public. At that time, the company’s value was around $85 billion.
Earnings and Net Worth
Brian was always a bright and hardworking student. He followed in the footsteps of his parents and got into software engineering. This is what helped him shape his career.
Before founding Coinbase, he worked in multiple companies and got paid a good salary. But he became a billionaire after Coinbase. His current net worth is estimated at $13 billion. It is expected to increase further in the future.
1. Is Brian Armstrong a billionaire?
Brian Armstrong has an estimated net worth of around $13 billion, which makes it safe to say that he is a billionaire, who has made it big in the cryptocurrency niche. For those who aren’t aware, Brian is the CEO of the popular cryptocurrency platform, Coinbase. He is also a famous American business professional and executive.
2. What percentage of Coinbase does Brian Armstrong own?
Given the fact that Brian Armstrong is the CEO of the cryptocurrency platform, Coinbase, he has around 19% of the shares in the company, which is predominantly a pretty good amount. He churns a huge portion of his net worth from these shares.
3. How many bitcoins does Brian Armstrong own?
Brian Armstrong in one of these interviews in 2022 reported that the company he runs, Coinbase, owns 2 million Bitcoins, which amounts to roughly $39.9 billion. There are no reports as to how many or how much worth of Bitcoin Brian independently owns.
4. Where did Brian Armstrong find funding for Coinbase?
Initially, when Brian founded Coinbase, he managed to raise around $150,000 worth of investment following signing up to the Y Combinator startup accelerator. The company was later made public in 2020 with a valuation of $85 million.
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