Satoshi Nakamoto went from 20th to 79th among billionaires in 8 months

In mid-November 2021, bitcoin inventor Satoshi Nakamoto was one of the richest people on the planet, with over $69 billion in bitcoins, and was among the top 20 billionaires. from Forbes 2021. Seven months have passed since then, and the unknown creator of bitcoin has left the top 20 and now ranks 79th among the 100 richest people in the world.

Satoshi Nakamoto’s fortune plummeted 70%.

At a minimum, it is believed that the creator of Bitcoin, Satoshi Nakamoto, has mine at least 600,000 to 700,000 bitcoins (BTC) during the initial blockchain launch period. According to higher estimates, Nakamoto mined up to 1.1 million BTC with a single PC.

It is safe to say that it is generally accepted that Nakamoto owns around 1 million bitcoins, as well as all the forks that have arisen from the initial creation. This means that if Nakamoto still has his coin stash, the net worth of the inventor’s wallet is over $20.5 billion at the current BTC exchange rate.

With a fortune of over $20.5 billion, Satoshi Nakamoto is the 79th richest person on the planet today. Nakamoto ranks just above billionaire Huang Shilin, vice president of Contemporary Amperex Technology (CATL). His company is one of China’s largest manufacturers of batteries for electric cars. According to the Forbes Billionaires 2022 list, Huang Shilin is worth $20.3 billion today.

Directly above Nakamoto is Jensen Huang, the co-founder of graphics processing unit (GPU) chipmaker Nvidia. In 2022, Huang will rank 78th in the list of the world’s richest, with his net worth today standing at $20.6 billion.

As Nakamoto’s portfolio declined in value, CATL and Nvidia executives saw their fortunes increase.

The difference between Nakamoto and billionaires Shilin and Huang is that while the bitcoin inventor’s net worth fell more than 70% after the peak in mid-November 2021, Huang and Shilin’s increased.

The CATL vice president has seen his net worth increase by 57.36% since last year and Huang’s wealth has jumped 74.57% since 2021. Shilin and Huang have also moved up a few notches on the list of Forbes billionaires between 2021 and 2022, while Satoshi’s position has plummeted.

Nakamoto’s position today is 79th on the Forbes list, but on October 17, 2021, the inventor of Bitcoin was the 20th richest person. In fact, at that time, Nakamoto was just below the three Walton siblings. Walton family members Jim Walton, Alice Walton and Rob Walton own and operate the mega-chain Walmart.

In October, when Nakamoto was the 20th richest person, the inventor of bitcoin didn’t spend a single penny of the $60.9 billion in crypto assets held at the time. The funds Satoshi is said to hold have never moved for the past 13 years, and many believe that the creator of bitcoin will not move BTC under any circumstances.

While Nakamoto’s wealth has drastically decreased, this isn’t the first time it’s happened. The fortune of the creator of the cryptocurrency has fallen by 70-80% several times since the creation of bitcoin.

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