Odaily Planet Daily News Ripple Chief Technology Officer David Schwartz recently clarified that he is not a billionaire, despite speculation about his personal wealth during the sharp rise of XRP in 2018. At that time, Ripple co-founder Chris Larsen's net worth surged to $54 billion, primarily from his holding of 9 billion XRP. When XRP peaked, Ripple CEO Brad Garlinghouse's net worth also approached $10 billion. Unlike his colleagues, Schwartz chose 2% equity in Ripple and a salary instead of XRP. In 2019, Forbes estimated his wealth to be around $90 million, and by 2021, Schwartz pointed out that his net worth was still 'far below $170 million.' He also admitted that most of his personal wealth is tied to volatile assets, and although he is satisfied with the returns, he still faces risks. Besides XRP, Schwartz confirmed that he holds Bitcoin and several other altcoins. Notably, driven by the rapid rise of XRP, Larsen's net worth increased by $6 billion in just one month.

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