Clarifying the Rumors
Ripple’s Chief Technology Officer, David Schwartz, has addressed rumors about his wealth. He says he’s not a billionaire, but he does own millions of XRP.
The Courtside Seat Question
During a recent NBA game, Schwartz posted a photo from an elevated vantage point. An XRP enthusiast asked why he wasn’t sitting courtside if he was a billionaire.
Schwartz responded with humor, saying he’s not a billionaire and doesn’t have a yacht or mansion.
Addressing Misconceptions
Schwartz has previously clarified that he’s not a billionaire. He says the assumption stems from the wealth of other Ripple executives, like Chris Larsen.
Insights into Net Worth
Schwartz hasn’t revealed his exact wealth, but he has said he owns between 1 million and 10 million XRP. At current rates, that’s worth up to $5 million.
He also has investments in Bitcoin, Ethereum, and Ripple shares.
The Pioneers
Schwartz was one of the original creators of the XRP Ledger. He worked with Jed McCaleb and Arthur Britto to develop a blockchain that focused on transaction speed and scalability.
Community Perceptions
Despite Schwartz’s clarifications, the community still believes he’s a billionaire. The association with Ripple and the allure of wealth continue to fuel these assumptions.
