How A $500 Million Cash Infusion From Wall Street Adds Billions To Ripple’s Founders’ Net Worths

Forbes Daily Briefing

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4.6 • 12 Ratings

🗓️ 7 November 2025

⏱️ 5 minutes

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Summary

The company behind the world’s fourth largest crypto is reinventing itself as a conglomerate. Two of Wall Street’s savviest firms, Fortress and Citadel Securities, are backing it.

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0:00.0	Here's your Forbes Daily Briefing for Friday, November 7th.
0:05.0	Today on Forbes, how a $500 million cash infusion from Wall Street adds billions to Ripple's
0:12.0	founder's net worths.
0:15.0	Cryptoconglomerate Ripple has raised $500 million at a $40 billion valuation, led by funds tied to Fortress Investment Group,
0:24.8	Citadel Securities, as well as Pantera Capital, Galaxy Digital, Ravon Howard, and Marshall Waste.
0:32.7	The deal follows a $1 billion tender offer at the same valuation and lifts co-founder Chris Larson's
0:39.2	net worth to an estimated $13.8 billion, up from $10.2 billion. CEO Brad Garlinghouse
0:47.2	also joins the billionaire ranks with an estimated $3.5 billion fortune based on a 6% stake
0:53.7	in the company and XRP holdings.
0:56.8	Arthur Brito, one of the XRP Ledger's creators, is likewise a billionaire. He holds at least
1:03.0	1.3 billion XRP in wallets tracked by Grey Wolf Analytics, valued at roughly $3 billion.
1:10.6	In a statement on Wednesday, Ripple said, quote,
1:13.9	the decision to accept $500 million in new common equity reflects the strategic value of
1:19.3	deepening relationships with financial partners whose expertise complements Ripple's
1:23.3	expanding global suite of products.
1:26.2	Ripple, in fact, didn't need the money.
1:29.3	It sits on about 35 billion XRP, worth roughly $80 billion at Wednesday's $2.27
1:36.2	cents price.
1:37.9	Those tokens, representing more than 30% of XRP's total supply, are released from escrow
1:43.5	each month, giving Ripple one of the most
1:45.5	lucrative self-funding mechanisms.
1:48.1	The company initially pitched XRP as a, quote, bridge currency, to replace Swift and streamline
	...

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