The Ripple executives with the largest $XRP holdings could see their combined wealth cross $4.2 trillion if $XRP ever hypothetically claimed a $1,000 price.
While $XRP currently changes hands at $1.41, up 1% in the last week, the most optimistic community figures have maintained long-term targets like $1,000. A recent assessment of how much this would impact the largest individual holders shows the scale of the projection.
Key Points
- $XRP continues to trade below $2 amid the market-wide downturn, changing hands for $1.41.
- EasyA co-founders Phil and Dom Kwok argue that $XRP could reach $1,000 in the next five years.
- The $XRP market cap would hit $100 trillion at that price, which Dom Kwok says is possible.
- If $XRP ever claimed $1,000, the Ripple executives with the largest holdings would have a combined balance of $4.2 trillion.
Ripple Executives’ Worth if $XRP Hits $1,000
The $XRP community remains the most optimistic bunch in crypto circles, and this optimism has played out in their long-term forecasts surrounding $XRP. One prediction that has stuck around during bear and bull markets is the $XRP to $1,000 projection, with EasyA founders Phil and Dom Kwok recently rejuvenating it.
This prediction has drawn in supporters and critics alike from within the $XRP community. Amid the discussions, the community recently shared a graphic featuring how much the Ripple executives with the largest $XRP holdings would be worth if $XRP does reach $1,000. Per the report, the top 4 executives would hold a combined wealth of $4.2 trillion.
Individual $XRP Holdings
Specifically, the graphic presents Ripple Chairman Chris Larsen as the largest individual holder. For context, while the report puts Larsen’s holdings at 2.7 billion $XRP, the figure has since dropped to 2.534 billion $XRP across eight wallets following recent sales.
Despite this, Larsen still holds the largest $XRP balance, which would hit $2.5 trillion if $XRP claimed $1,000 per token. This would make Larsen the richest man in the world and the first confirmed trillionaire, indicating how extreme the $XRP to $1,000 forecast is.
Meanwhile, Gregg Kidd, who joined Ripple as Chief Risk Officer in its earliest days, is said to hold about 1% of $XRP’s total supply, sitting at 1 billion tokens. At $1,000 per token, this holding rises to $1 trillion, enough to make Kidd richer than Elon Musk, the world’s current richest man.
For the Ripple CEO, Brad Garlinghouse, estimates put his total $XRP holdings at 500 million tokens. However, this remains unconfirmed, as he has not openly disclosed his exact position. Also, former Ripple CTO David Schwartz confirmed that at its peak, his $XRP balance stood at 26 million tokens.
If $XRP ever hit $1,000, Garlinghouse’s 500 million $XRP would be worth $500 billion, making him the second-richest man in the world. For Schwartz, his peak balance, which has since declined, would be worth $26 billion.
The $XRP to $1,000 Projection
These figures put some perspective on the idea of $XRP reaching $1,000, confirming how ambitious such a target would be. Despite this context, community figures like the Kwok brothers have continued to promote the target.
Appearing in a recent Rollup podcast episode, the brothers shared a consensus that $XRP could reach $1,000 in the next four to five years, aligning with 2030 to 2031. This forecast emerged despite short-term struggles, as $XRP saw six consecutive monthly losses.
For perspective, with $XRP changing hands at $1.41, it would have to increase 70,821% within five years to reach $1,000 by 2031, translating to a CAGR of 272% per year for five consistent years. Considering the current situation of the global crypto and financial markets, this remains highly speculative. As such, investors should not consider it investment advice.
