Crypto Billionaires Lose Over $60 Billion as Market Crashes

Binance founder CZ sees biggest drop in net worth among crypto's richest

Published on Feb. 10, 2026

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The cryptocurrency market crash has hit the industry's billionaires hard, with their net worths shedding more than $60 billion since October, according to Forbes' estimates. At least 10 crypto billionaires have lost $1 billion or more, with Binance founder Changpeng 'CZ' Zhao, the crypto industry's richest person, seeing the biggest drop in his finances.

Why it matters

The massive losses experienced by crypto billionaires highlight the volatility and risk inherent in the cryptocurrency market. As the industry continues to evolve, the fortunes of its wealthiest individuals can change rapidly, raising questions about the long-term sustainability of crypto-based wealth.

The details

The plunge in cryptocurrency prices has taken a toll on the net worths of the industry's billionaires. According to Forbes' estimates, the combined net worth of at least 10 crypto billionaires has dropped by $1 billion or more since October. Binance founder Changpeng 'CZ' Zhao, the crypto industry's richest person, has seen the biggest decline, with his net worth falling significantly. Meanwhile, a surge in tech stocks has boosted the fortune of Nvidia CEO Jensen Huang, who has now surpassed LVMH CEO Bernard Arnault to become the seventh-richest person in the world.

  • The cryptocurrency market crash has hit the industry's billionaires since October 2025.
  • Nvidia CEO Jensen Huang's fortune jumped on Monday, February 10, 2026.

The players

Changpeng 'CZ' Zhao

The founder and former CEO of Binance, the world's largest cryptocurrency exchange.

Jensen Huang

The CEO of Nvidia, a leading semiconductor company that has seen a surge in its stock price.

Bernard Arnault

The CEO and chairman of LVMH, the world's largest luxury conglomerate.

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The takeaway

The cryptocurrency market's volatility has had a significant impact on the fortunes of the industry's wealthiest individuals, underscoring the need for caution and diversification when investing in this rapidly evolving sector.