Satoshi Nakamoto, the creator of Bitcoin, became the 11th richest person in the world after Bitcoin reached $120,000 on Sunday.
According to data from blockchain analysis firm Arkham, Satoshi is believed to hold 1.096 million Bitcoins, distributed across thousands of wallets, valued at over $131 billion at current prices.
Theoretically, this would place Satoshi at 11th on the Forbes billionaire list, surpassing Michael Dell, the CEO of tech giant Dell Technologies, whose net worth is $125.1 billion.
However, Forbes' billionaire rankings do not consider holdings in crypto wallets when assessing billionaires, but instead track publicly verifiable holdings, such as stocks.
Data from Nansen shows Bitcoin broke through $120,000 on Monday, reaching an all-time high; however, this is still not enough for Satoshi to top the Forbes billionaire list.
Elon Musk, the tech entrepreneur and CEO of SpaceX and Tesla, ranks as the world's richest person on the Forbes list, with a net worth exceeding $404 billion.
Larry Ellison, co-founder of software company Oracle, ranks second with a fortune of $274 billion. Meta CEO Mark Zuckerberg also ranks in the top three with $274 billion.
Bitcoin would need to rise another 208% to $370,000 for Satoshi to take the top spot, assuming the net worth of other billionaires remains unchanged.
In a post on X on June 2, Bloomberg analyst Eric Balchunas predicted that Satoshi could become at least the second richest person by the end of 2026.
He stated that if Bitcoin "grows normally at 50% per year," Satoshi could climb to second place "sometime next year."
"It’s fascinating that the person who created something so successful has never cashed out. This is somewhat similar to Jack Bogle," Balchunas added.
John "Jack" Bogle, founder and CEO of Vanguard Group, passed away in 2019 with a net worth of $80 million, while many of his peers are billionaires.
On Thursday, Markus Thielen, head of 10x Research, told Cointelegraph that Bitcoin has a 60% chance of achieving a 20% increase in the next two months, reaching $133,000 in September.
In May, Bitwise Chief Investment Officer Matt Hougan told Cointelegraph that he believes Bitcoin could reach $200,000 by the end of 2025, driven by a surge in institutional demand leading to supply shocks.
Meanwhile, BitMEX co-founder Arthur Hayes predicts Bitcoin will reach $250,000 by the end of the year.
The amount of Bitcoin held by Satoshi far exceeds that of others. According to BiTBO data, corporations and custodians collectively hold 847,000 Bitcoins, accounting for 4% of the total Bitcoin supply.
A small number of individuals also own large amounts of Bitcoin. The Winklevoss twins, founders of cryptocurrency exchange Gemini, are estimated to hold about 70,000 Bitcoins.
Venture capitalist and early Bitcoin supporter Tim Draper holds about 30,000 Bitcoins, which he purchased at a U.S. Marshals auction in 2014. Michael Saylor, co-founder of Strategy, also owns about 17,732 Bitcoins in private reserves outside of company holdings.
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Original article: “Satoshi Nakamoto is the 11th Richest Billionaire in the World”
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