The Net Worth of Sam Armstrong
According to Forbes, Sam Armstrong's net worth is $4.1 billion. He also has a stake in Yunnan Energy New Material, a company that provides packaging materials. The Gemini twins earned 333,333 dollars in an online art auction, making them the second-richest individuals in the world. His fortune is the result of his work with Coinbase, which he co-founded in 2008. He owns a 19% stake in the company.
His success has also landed him on Forbes' list of the world's richest people, and he's now considered one of the richest people under 40. The company has a valuation of more than $1.6 billion and has been rated among the most valuable companies in the world by the magazine. While Brian Armstrong may be famous for launching the Coinbase exchange, his career started at Rice University, Texas.
In March 2019, he was the CEO of Coinbase, which has 56 million users in 100 countries. In the year 2020, Coinbase recorded $1.3 billion in profits. The company has also done $455 billion worth of trades. Despite being an early adopter of cryptocurrency, Armstrong described buying bitcoins as "useless" for the average person. He was also named one of Fortune's 40 most powerful businessmen under the age of 40.