If XRP hits $1,000, will Ripple's chairman become the richest person?..."Executives' total assets $4.2 trillion"

▲ XRP/AI generated image

A hypothetical analysis suggests that if XRP reaches $1,000, the total value of assets held by key Ripple executives could exceed $4.2 trillion. However, this figure is a calculation based on an extreme scenario where XRP rises to $1,000, and some holdings are based on estimates rather than public data.

According to the cryptocurrency media outlet TheCryptoBasic on May 6 (local time), claims suggesting the possibility of XRP reaching $1,000 as a long-term price target are once again spreading within the XRP community. Phil Kwok and Dom Kwok, co-founders of EasyA, recently predicted that XRP could reach $1,000 within the next 4-5 years. The outlet reported that if XRP reaches $1,000, its market capitalization would amount to $100 trillion.

The individual who has garnered the most attention is Chris Larsen, Ripple's co-founder and chairman. According to reports, previous graphics showed Larsen's holdings as 2.7 billion XRP, but after recent sales, the remaining holdings in 8 wallets have reportedly decreased to 2.534 billion XRP. If XRP reaches $1,000, the value of Larsen's holdings would amount to approximately $2.5 trillion. TheCryptoBasic explained that in this scenario, Larsen could become the world's richest person and the first official trillionaire.

Gregg Kidd, who joined Ripple as an early Chief Risk Officer, also attracted significant attention for his holdings. According to the article, Kidd is known to hold 1 billion XRP, which accounts for approximately 1% of the total XRP supply. If XRP reaches $1,000, the value of these holdings would increase to $1 trillion. This was presented as a prime example of how aggressive the XRP $1,000 prediction is.

Ripple CEO Brad Garlinghouse's XRP holdings were estimated at 500 million XRP. However, Garlinghouse has never disclosed his exact holdings, so this figure is not confirmed data. Based on this estimate, if XRP reaches $1,000, the value of Garlinghouse's holdings would be $500 billion. David Schwartz, Ripple's former Chief Technology Officer, previously stated that his holdings were at a peak of 26 million XRP, and based on this amount, the value would be $26 billion.

TheCryptoBasic reported that the XRP $1,000 prediction is receiving both support and criticism within and outside the community. According to the article, for XRP to reach $1,000 by 2031, it would need to increase by 70,821% over five years, requiring an average annual compound growth rate of 272%. The outlet assessed that, considering the global cryptocurrency and financial market conditions, this prediction constitutes a highly speculative assumption.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*