Giancarlo Devasini
$22.4B
Born
Apr 30, 1964
Age
60
Source of Wealth
Cryptocurrency
Residence
Roquebrune-Cap-Martin,
Citizenship
Italy
Marital Status
Children
0
Education
- Giancarlo Devasini is the chief financial officer, and likely the biggest shareholder, of Tether, the largest issuer of crypto stablecoins.
- More than 100 billion Tether tokens have been minted. Buoyed by higher interest rates, Tether generated $6.2 billion in profit in 2023 from the interest it generates on customers' collateral.
- Devasini owns an estimated 47% stake in Tether, which Forbes values by applying the average price-to-earnings multiples of a group of publicly traded mid-tier banks and asset managers.
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