David Schwartz, Ripple’s CTO has confirmed that he does not have a million dollar fortune.
Schwartz reemphasized this in a post on X, when a surprised XRP fan noted the Ripple’s CTO perspective while watching a live NBA game.
Specifically, Schwartz The photo was shared by a user who commented on the Golden State Warriors’ recent match against the Utah Jazz, and showed the record of the game. He was positioned at a higher vantage point, as the camera angle indicated.
You can also find out more about this by clicking here. prompted An XRP fan asked Schwartz how he, a supposedly billionaire, could not afford courtside seating for a premium experience.
You’re Not A Billionaire
In response to this comment, Ripple CTO stated that he was not a millionaire. Schwartz cited his remarks from a conversation he had in 2021 on the subject. The same mistake was made at the time.
I am not a millionaire. “At least not yet.” He said. Schwartz added jokingly that he has yet to acquire his own crew for his yacht or mansions without servants. He tweeted this statement and added “still” to imply that nothing had changed.
Still not.https://t.co/DSaJrjisz4
— David “JoelKatz” Schwartz (@JoelKatz) 15 April 2024
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Last year, this claim was also made during a debate on “the fair tax rate” that Americans should pay depending on their financial status. John Whelan, an industry pundit, created a poll to determine if it was fair that the middle and rich classes pay 20% and the billionaires 40%.
Schwartz responded to the proposals by stating that he would not accept them. You can find out more about this by clicking here. He is not a billionaire but his tax rate was 41.5% for the year 2021.
Crypto community members still assume, even after repeated public explanations, that Chief Technology Officer of Ripple I am a millionaire.
The billionaire status other Ripple executives such as Ripple Chairman Chris Larsen. Larsen’s XRP Portfolio alone is worth over $1,15 billion according to public records.
The Basics of Schwartz’s Net Worth
Schwartz, however, has not provided specific numbers. He’s only shared his insights about wealth. He revealed in a conversation with 2020 that the XRP portfolio he has ranges from 1 to 10 million. According to current exchange rates, this would suggest a value of no more than $5,000,000 in XRP.
Just say that there are more than one million people but less than ten million.
— David “JoelKatz” Schwartz (@JoelKatz) November 24, 2020
The Ripple CTO publicly announced that the Ripple CTO was a Ripple CTO. You can also read about the importance of this in our article. Schwartz disclosed that his cryptocurrency portfolio included Bitcoin, Ethereum and undisclosed coins. Schwartz disclosed Ripple sharesHe noted that he chose the stock of his company over XRP Tokens. He is not sure if it was the right decision as the tokens XRP would have had more liquidity. Ripple has not yet conducted an IPO.
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