RIPPLE CTO DENIES BEING A BILLIONAIRE!

Ripple's Chief Technology Officer, David Schwartz, has denied being a billionaire despite speculation about his wealth.

This comes after Ripple's massive success in 2018, which saw the net worth of co-founder Chris Larsen surge to $54 billion and CEO Brad Garlinghouse's net worth approach $10 billion.

Schwartz opted for a 2% stake in Ripple and a salary instead of receiving XRP tokens, which limited his net worth. In 2019, Forbes estimated his wealth at around $90 million, and by 2021, Schwartz himself stated that his net worth was "well below $170 million".

Schwartz's cautious approach to his finances is evident in his statements, where he acknowledges that much of his personal wealth is tied to volatile assets. He also confirmed holding Bitcoin and several other altcoins, in addition to XRP.

It's interesting to note that Schwartz's net worth is relatively modest compared to his colleagues, and he seems to be taking a more grounded approach to his finances.