Coinbase CEO Brian Armstrong Just Lost Billions — Here’s What Happened

[{"selector":"#anim-5180b09e-2b3e-4b56-a598-e5a6755a40ee [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Brian Armstrong, co-founder and CEO of Coinbase, has dropped out of the Bloomberg Billionaires Index top 500 list. White Frame Corner

The decline comes amid a sharp downturn in cryptocurrency markets.

Bitcoin has fallen below $70,000 (€58,750), its lowest level since late 2024. 0218 Gray Frame Corner Gray Frame Corner

Armstrong’s current net worth is estimated at $7.5 billion (€6.9 billion).

[{"selector":"#anim-2e9281b2-a7e9-442d-af7b-c4ecae94aa64","keyframes":{"opacity":[1,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d1c007cf-8448-48ae-a55f-11208cd1889a","keyframes":{"transform":["scale(3)","scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-43ecadcd-5f2b-4838-83d4-b9203bcfd393","keyframes":{"opacity":[0,1]},"delay":350,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-481b16a9-5846-4c19-8d0b-735547a6a05d","keyframes":{"opacity":[0,1]},"delay":350,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] White Frame Corner White Frame Corner

Armstrong’s current net worth is estimated at $7.5 billion (€6.9 billion).

His wealth has significantly declined from $17.7 billion (€16.3 billion) last summer.