Bloomberg: Coinbase CEO's personal wealth falls out of the Global 500 Rich List

Mars Finance reports that, according to Bloomberg, Coinbase CEO Brian Armstrong’s personal wealth has decreased by over $10 billion from its peak of $17.7 billion in July last year due to the continued decline in cryptocurrency prices. He has fallen out of Bloomberg’s Billionaires Index Top 500 list. Recently, JPMorgan lowered Coinbase’s target price by 27% due to weak cryptocurrency prices, declining trading volumes, and slow growth of stablecoins, further impacting Armstrong’s wealth valuation.

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