Barry Silbert net worth 2022 – How rich is the crypto billionaire?
As head of the Digital Currency Group, Barry Silbert is one of the most influential people in the cryptocurrency space. His company is a composite organization of six cryptocurrency-focused businesses. He built his wealth by investing early in Bitcoin and other crypto-related companies. As of 2022, Barry Silbert has a net worth of $3.2 billion.
Barry Silbert was born in 1976 in Gaithersburg, Maryland. He was just a young man when he started his first business selling baseball cards.
He passed the General Securities Representative exam while still in high school and became a stockbroker. At the age of 17, he took the Series 7 stockbroker exam and passed it.
Silbert set a record by becoming the youngest person to do so. The smart youngsters earned a BBA in finance from Emory University’s Goizueta Business School in 1998.
Access to notoriety
After college, Silbert landed his first job at Houlihan Lokey as an associate. He worked there from 1998 to 2004. After he left, he founded SecondMarket.
Around this time, he became the CEO of Restricted Stock Partners. He held the position from 2004 to 2008. He bought his first Bitcoin in 2012, making him one of the earliest cryptocurrency investors.
With a budget of $2 million, Silbert founded the Bitcoin Investment Trust investment vehicle at SecondMarket. It was the first of its kind in the United States and it created many new opportunities for Barry.
Group of digital currencies
In addition to buying cryptocurrency in his early days, Silbert built his wealth by investing in crypto-focused businesses. He did this by selling SecondMarket to Nasdaq and founding Digital Currency Group (DCG) in 2015.
DCG has more than 200 companies in its investment portfolio, spread across more than 30 countries. This includes Coinbase, eToro and Kraken. It also holds Ethereum, Ethereum Classic, and Bitcoin, among other digital tokens.
Currently, Digital Currency Group has six subsidiaries. This includes Genesis Trading, TradeBlock, Foundry Services, Luno Global, CoinDesk, and perhaps his most successful venture, Grayscale Investments.
Grayscale Investments is the world’s largest virtual currency asset manager, founded in 2013. It provides corporate and accredited investors with private funds as well as publicly traded assets.
The company also operates the Grayscale Bitcoin Investment Trust, which was the first publicly traded security purely involved in the price of Bitcoin since its initial launch.
Grayscale launched the Grayscale Digital Large Cap Fund in 2018. It allowed customers to invest in a collection of popular virtual currencies and became publicly available in 2019.
He is a cryptocurrency tycoon who is considered a bitcoin whale. Silbert has one of the largest bitcoin holdings in the world as he manages Grayscale, an investment vehicle that owns over 650,000 bitcoins.
Barry Silbert was named to the Fortune 40 under 40 list in 2011. More recently, he became the eighth richest person in the crypto community, with his current net worth of $3.2 billion.
The crypto billionaire owns a home in the coastal suburb of Rye, New York. He lives there with his wife Lori Silbert and their son.