Chris Larsen Net Worth Update 2024: Co-Founder Of XRP

Chris Larsen is the co-founder of XRP. It’s the company that created the cryptocurrency, Ripple. He is also a corporate executive and angel investor.

He made his fortune by investing in various tech companies in Silicon Valley. As per reports, Chris Larsen’s net worth in 2024 is $3.3 billion.

Due to Chris Larsen’s status, many people want to know about his personal life and career journey. Let’s find all the details in the post below.

Quick Facts

Full Name	Chris Larsen
Birth Date	30th November 1960
Age	63
Profession	Angel Investor, Business Executive
Country of Origin	USA
Nationality	American
Marital Status	Married
Spouse	Lyna Lam
Net Worth (as of 2024)	$3.3 billion
Last Updated:	Jan 23, 2024
Social Media	Instagram Facebook Twitter

Family and Early Life

Chris Larsen was born on 30th November 1960, in San Francisco, California. The name of his parents is not known. But we do know that his father worked as an airplane mechanic at United Airlines. His mother was an illustrator.

Personal Life

Chris Larsen enjoys a lavish lifestyle. He owns multiple properties and luxury cars. He is a married man. His wife’s name is Lyna Lam. The couple is happily married for many years.

The two share two children. At present, the family is settled in Seattle Washington. There he has a massive estate in The Highlands community.

Chris strongly supports the green campaign and also founded the Larsen Lam Climate Change Foundation.

Education Background

Talking about Chris Larsen’s education, he completed high school in San Francisco. After that, he enrolled at San Francisco State University, where he studied international business and accounting. He acquired his B.A. degree in 1984.

After passing college, he joined Chevron. There he worked as an auditor. Around this time, he enrolled at Stanford Graduate School of Business. He obtained his MBA degree in 1991.

Career Beginnings

Right after completing his MBA, he decided to set up a mortgage business and started working as a mortgage lender. He launched E-Loan with his colleague Janina Pawlowski. They made them the first online mortgage lenders in the U.S.

Larsen was the CEO of the company before quitting his position in 1995. He left the company to start another one. He founded a lending firm called Prosper Marketplace. This helped him become one of the top players in the lending business.

He served as a CEO till 2012 and then quit. The same year, he entered the crypto space and founded a company called OpenCoin. The company soon started working on XRP (Ripple). It is a new payment protocol that allows the direct transfer of funds between two parties.

The next year, the company was rebranded as Ripple Labs, Inc. After a few years, Larsen set up the Larsen Lam Climate Change Foundation.

Earnings and Wealth

Chris Larsen is a wealthy businessman and investor. He has founded multiple companies that helped him reach the position that he is in today.

The majority of his wealth is generated from his companies. He holds a 17% stake in Ripple Labs, Inc. Not only that, but he also has personal holdings of 5.19 billion XRP.

As per sources, Chris Larsen’s current net worth is around $3.3 billion. If he continues to operate at this rate, his net worth will increase further in the future.

FAQs

1. How did Chris Larsen make his money?

Chris Larsen’s primary source of income and the big break came around when he co-founded and launched the company OpenCoin. The company later went on to collaborate with Ripple and develop a new payment protocol for them. With this breakthrough, sending money instantly and directly became a lot easier.

2. How much is the owner of Ripple worth?

At present, the CEO of the company is Brad Garlinghouse, who reportedly owns around 6.3% stake in the company. Besides that, he also owns XRP tokens and according to all that he has accumulated until now, Brad has an estimated net worth of around $10 billion.

3. Who are Ripple’s biggest investors?

Chris Larsen, who founded Ripple, was adamant about bringing in long-lasting investors to the company. Ripple managed to raise over $293 million in funding from different investors. This happened throughout 14 funding rounds. One of their latest funding happened in 2021.

4. Where does Chris Larson live?

Larson lives alongside his wife in the Bay area. Besides being a leading businessman and entrepreneur, he is also actively associated with a variety of clubs and organizations, giving back to society.