Giancarlo Devasini, Tether's CFO, could see his potential fortune surpass that of Warren Buffett

According to recent information from BlockBeats citing Forbes, Tether’s CFO Giancarlo Devasini, the company’s chief financial officer, is about to reach an impressive milestone: his wealth could significantly surpass the fortune of legendary investor Warren Buffett. This scenario arises from the rapid appreciation Tether has experienced in secondary markets, where the stablecoin platform was recently valued between $350 billion and $375 billion.

The exponential rise of major shareholders’ wealth

The disparity between different market valuations reveals the financial potential contained within Tether’s share structure. Forbes currently estimates the company at approximately $200 billion based on market trading, significantly exceeding the $50 billion recorded a year ago. In this scenario, Giancarlo Devasini, who owns about 44–45% of the shares, would have an estimated net worth of $89 billion. However, if we consider the higher valuation of $350 billion, his stake would be worth over $156 billion, surpassing Buffett’s current fortune estimated at $147.8 billion.

Meanwhile, CEO Paolo Ardoino and former CEO Jean-Louis van der Velde each hold stakes of about 19%, giving them net worths of around $38 billion in each scenario. General Counsel Stuart Hoegner, with a 12% stake, would have a fortune close to $25 billion.

Strong financial operations support appreciation

Tether’s operational strength underpins these valuation estimates. Last year, the company generated an approximate profit of $10 billion, establishing itself as a highly profitable enterprise. USDT, the main stablecoin issued by the platform, has a market value of about $184 billion, reaffirming its dominant position in the sector.

Tether’s reserve portfolio reflects a prudent diversification strategy: over 80% of assets are concentrated in U.S. Treasury bonds and short-term instruments, ensuring safety and stability. Additionally, the company holds about $23 billion in gold and $6.4 billion in Bitcoin, diversifying exposure to digital assets and commodities. Its venture capital portfolio exceeds 120 companies, with a total value of over $10 billion, positioning Tether not only as a stablecoin issuer but as a significant player in the crypto innovation ecosystem.

Strategic expansion in the North American market

Tether is accelerating its penetration into the American market through innovative initiatives. The launch of USAT, a stablecoin regulated under U.S. jurisdiction, marks a key step in this strategy. Simultaneously, the company appointed Bo Hines, former head of cryptocurrency affairs at the White House, to lead operations in the region, signaling institutional commitment and a pursuit of regulatory legitimacy.

In this context of accelerated competition among stablecoin issuers and tightening regulation in the U.S., this move is interpreted as a strategic maneuver to strengthen institutional credibility, expand political influence, and consolidate market leadership during a critical phase of digital asset sector maturation.