Rank #24
Giancarlo Devasini
Net worth $89.3B
Cryptocurrency · Italy
- Born
- Apr 30, 1964
- Age
- 62
- Source
- Cryptocurrency
- Residence
- Roquebrune-Cap-Martin
- Citizenship
- Italy
- Marital status
- Children
- 0
- Education
Net worth over time
Biography
- Giancarlo Devasini is the chairman, and likely the biggest shareholder, of Tether, the largest issuer of crypto stablecoins.
- More than 180 billion Tether tokens have been minted. Buoyed by high rates on U.S. Treasurys, which make up most of Tether's reserves, the company reported more than $10 billion in profit in 2025.
- Devasini owns an estimated 45% 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.